Staff Reporter.
Leicester City have been referred to an independent Commission for alleged breaches of Profit and Sustainability rules (PSR) for the 2023-24 season.
Leicester are also accused of alleged breaches of their obligation to provide their annual accounts to the Premier League by 31 December 2024 and to provide “full, complete and prompt assistance” to the Premier League in response to the league’s inquiries.
An EFL Spokesperson said: “The EFL notes that the Premier League has today referred Leicester City to an independent Commission for an alleged breach of Profit and Sustainability Rules for the period ending season 2023/24.
“The EFL commenced an investigation into this reporting period following the March 2024 submissions and as is permitted in accordance with EFL Regulations, jurisdiction for that passed to the Premier League at the conclusion of the 2023/24 season on the Club’s promotion.
“We will now await the outcome of the Premier League proceedings and until then are not able to comment any further on the matter.”
Leicester won an appeal against a previous charge aimed at them for the 2022/23 campaign when they were relegated to the Championship.
The Midlands club argued that the Premier League did not have the authority to charge them because they were officially an EFL club by the time the accounting period had come to an end.
The case went to a tribunal and Leicester were acquitted of the charges, this avoiding a points deduction.
The independent commission will also assess two further alleged breaches by the Foxes; that they failed to provide accounts to the Premier League by 31 December, 2024, and that they did not “provide full, complete and prompt assistance to the Premier League in response to the league’s inquiries”.
Leicester, who this season have been relegated to the Championship for the second time in three years, said: “The club intends to engage co-operatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24 (financial year 2024).”
Compiled by Lehlohonolo Lehana.