Leicester charged by Premier League over alleged financial breaches in 2023-24
Leicester have been charged by the Premier League for alleged financial breaches in the 2023-24 campaign.
The case, which will be heard by an independent commission, relates to the club allegedly breaking profitability and sustainability rules (PSR) when they were in the Championship last season.
Advertisement
If found guilty the Foxes, who will play in the second tier again next term following relegation, could be handed a points deduction.
It means the midlands club are now involved in another legal battle with the Premier League, having earlier this season won an appeal that prevented the League from charging them for breaching PSR rules in 2022-23.
The Foxes claimed the Premier League did not have jurisdiction to charge them because they were competing in the Championship at the time.
The Premier League contested Leicester's successful appeal but a tribunal ruled in the club's favour, saying the League's challenge fell below the threshold set by the organising body itself.
Advertisement
The Premier League has since changed its rulebook to close the loophole and prevent similar cases in the future, while also allowing it to open new proceedings following alleged breaches for the 2023-24 season – when Leicester were in the Championship.
Ruud van Nistelrooy could not lead Leicester to safety (Mike Egerton/PA)
The club are also accused of failing to provide their annual accounts to the Premier League by December 31, 2024 and not offering 'full, complete and prompt assistance' to the Premier League in response to the League's enquiries.
A Leicester statement read: 'Consistent with its previous commitments, the club intends to engage cooperatively in this matter now that the Premier League's jurisdiction has been established for the period ending FY24.
'However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature.'
Advertisement
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
19 minutes ago
- Reuters
Belgian club Leuven dismiss former Wales manager Coleman
June 12 (Reuters) - Former Wales manager Chris Coleman has been fired by OH Leuven six months after joining them, the Belgian club said. The former Wales defender was appointed in December by Leuven, whose owners also control Leicester City, and he led them to an 11th-place finish, enough to qualify for playoffs for a potential spot in European club competition next season. "In those playoffs, the performances remained below expectations. That is why the club is now opting for change with a view to next season and is ending the collaboration with Coleman," Leuven said in a statement. Coleman, 55, took Wales to the European Championship semi-finals in 2016. He also managed English clubs Fulham, Sunderland and Coventry City, and Spain's Real Sociedad.
BBC News
19 minutes ago
- BBC News
What are the aims of Cherries academy?
Following the release of a behind-the-scenes documentary focused on the Bournemouth academy, Cherries academy manager Sam Gisborne spoke to BBC Radio Solent about the youth setup at the club: "It's in a really good spot. Last season was our second season as a category two academy and we want to get to a point where we are a category one academy."Our mission is 'affect the 25' where every year we want to be affecting the 25-man squad that is involved in the Premier League. Our long-term vision is to develop our first team-captains."There is no standing still in the academy - we are in a really good spot but we still have a long way to go."Listen to the full interview with Sam Gisborne on BBC Sounds
BBC News
24 minutes ago
- BBC News
Reid 30 years on: 'I had to find £700 from somewhere'
Former Sunderland manager Peter Reid - who twice won the Black Cats promotion into the Premier League - has been looking back on taking charge of the club 30 years ex-Everton and Manchester City player took the reigns in March 1995 with Sunderland battling relegation in the second tier, but with seven games of the season remaining, Reid oversaw just the one loss and managed to keep them to BBC Radio Newcastle in a special episode, Reid recalled: "They were great games, the Sheffield United one was a very important one and I always thank Craig [Russell] for coming on as a sub and getting the winner," Reid said."To be fair, the crowd played their part and obviously the players, the players were magnificent. I think we went to Derby and beat them as well which was a fantastic result."After the Sheffield United game, I remember going to the chairman and saying 'listen I need to get something for the players so give me £500 to take them out' and the bill came to about £1200 so I had to find £700 from somewhere."So I was fining the lads for mis-passing the ball in training and everything and once I got the £700 I told them 'it's over now lads' and I told them the story and they took it all in the spirit that it was meant."
