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The Premier League charged Leicester City for breaching profitability and sustainability rules (PSR). The Foxes will now have to face the charges in front of an independent panel. This comes as the club currently features in the Championship after dropping from the top flight in May 2023.
Nevertheless, officials claim that the East Midlands side violated spending rules during their last three campaigns in the division. Premier League rules currently state that teams cannot exceed $133 million in losses during a three-year period.
Leicester is the latest English team to suffer from charges regarding PSR laws. Manchester City, Everton (twice), and Nottingham Forest have all received similar news in recent months. The Toffees received a six-point punishment in their case. Sean Dyche’s said still has the looming threat of another deduction. The Premier League hit Forest with a four-point deduction earlier this week. City, on the other hand, is currently waiting to learn their fate in their particular case.
Foxes failed to report accounts for most recent financial year
Upon receiving the charge, Leicester quickly issued a statement on the ordeal. The Foxes claimed to be “surprised” by the news, admitting that the charges are odd considering that they are not even in the Premier League at the moment.
“Leicester City is surprised at the actions the Premier League has taken today,” the team said in a statement. “The club is extremely disappointed that the Premier League has chosen to charge LCFC now, despite the club’s efforts to engage constructively with the Premier League in relation to the matters that are the subject of this charge, even though LCFC is not currently a Premier League club.”
“LCFC has repeatedly demonstrated its commitment to the P&S rules through its operating model over a considerable period, achieving compliance while pursuing sporting ambitions that are entirely credible given the consistent success that…
Source link : https://worldsoccertalk.com/news/premier-league-hits-leicester-city-with-latest-ffp-charge
Author : Chris Moore
Publish date : 2024-03-22 14:37:40
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