Leicester Referred to Commission for EFL Financial Breaches

Leicester City has been referred by the Premier League to an independent commission over alleged breaches of the English Football League's financial rules for the 2023-24 season while the club was in the Championship. A tribunal ruled that the Premier League has jurisdiction to investigate these breaches despite Leicester's relegation back to the Championship, overturning earlier limitations that prevented punishment for the 2022-23 season due to their relegation. The alleged breaches include surpassing profit and sustainability limits, failing to provide accounts by the required deadline, and not cooperating fully with the Premier League's inquiries. The club has expressed its intention to cooperate with the investigation but has refrained from commenting further due to the confidential nature of the proceedings. A possible points deduction could be imposed, potentially affecting Leicester's Championship campaign in 2025-26. This financial scrutiny adds to the club's ongoing challenges following relegation and anticipated squad changes.