"Leicester City have been deducted six points after being found in breach of the Premier League's financial rules. The punishment, determined by an independent disciplinary commission, leaves them outside the Championship relegation zone on goal difference. A hearing took place in November after Leicester were alleged to have breached profitability and sustainability regulations for the three-season period ending with 2023-24. There were also two further charges against the club for failing to cooperate and failing to submit their financial accounts on time."
"In a statement the club said: It is with disappointment that Leicester City acknowledges the independent commission's decision and the club will use the time available to consider its next steps. The club said they deemed the penalty disproportionate, adding: We are now reviewing the decision in full and considering the options available to us. We remain committed to engaging constructively and ensuring that any action is fair, proportionate and determined through the appropriate processes."
Leicester City were deducted six points after an independent disciplinary commission found breaches of Premier League financial rules. The breaches related to profitability and sustainability regulations across the three-season period ending 2023-24. Two further charges alleged failure to cooperate and failure to submit financial accounts on time. The deduction dropped Leicester to 20th in the Championship, level on points with West Bromwich Albion and Blackburn Rovers, and left them outside the relegation safety zone on goal difference. The English Football League applied the sanction immediately under regulation 87.7. Leicester are considering an appeal and described the penalty as disproportionate while reviewing options.
Read at www.theguardian.com
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