Leicester City Wins Appeal on Financial Rules
Leicester City Wins Appeal on Financial Rules
Leicester City Wins Appeal on Financial Rules
News summary

Leicester City have successfully appealed against a decision that could have resulted in a points deduction for breaching the Premier League's Profitability and Sustainability rules. The independent appeal board ruled that the Premier League commission lacked jurisdiction over the case, as Leicester's accounting period ended on June 30, 2023, after their relegation. The Premier League expressed surprise and disappointment over the ruling, which prevents them from taking action against the club for exceeding the £105 million loss threshold during their time in the league from seasons 2019-20 to 2022-23. Leicester welcomed the decision, asserting that it reinforces their position for compliance with applicable rules. This outcome is significant for the club, particularly after other teams like Everton and Nottingham Forest faced points deductions for similar issues. Leicester is optimistic about avoiding further charges in the current season following successful financial maneuvers.

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