Relegated Leicester referred to independent commission for financial breaches
LEICESTER, England (AP) — Leicester might be returning to life in the Championship with a points deduction.
The club was referred by the Premier League to an independent commission on Tuesday for alleged breaches of financial rules in the English Football League — the three divisions below the top flight — in the 2023-24 season.
Leicester also has been accused by the Premier League of alleged breaches of its obligation to provide its annual accounts by Dec. 31 last year and to 'provide full, complete and prompt assistance to the Premier League in response to the league's inquiries.'
The Premier League has acted after an arbitration tribunal decided that the top-flight competition has jurisdiction to investigate and refer the club to an independent commission for its breaches of rules in a different competition — the EFL.
The Premier League previously charged Leicester for breaching financial regulations by overspending in the 2022-23 season, but the club successfully argued it was no longer a representative of the Premier League — owing to its relegation that season — by the end of that year's accounting period on June 30.
Because of this latest tribunal decision, the Premier League is trying again to punish Leicester for overspending, this time in the 2023-24 season — the year after relegation and when the team was in the Championship.
'The tribunal confirmed that the Premier League has the power to investigate an alleged breach of the Profit & Sustainability Rules because the EFL validly transferred responsibility for its investigation to the Premier League in June 2024, when the club was promoted from the Championship,' the Premier League said.
'The Premier League continues to have jurisdiction even though Leicester City will be relegated to the Championship at the end of this season.'
Leicester's return to the Championship was confirmed on April 20 with a loss to Liverpool.
'The club intends to engage cooperatively in this matter now that the Premier League's jurisdiction has been established for the period ending FY24,' Leicester said. 'However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature.'
___
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
41 minutes ago
- Wall Street Journal
RH Swings to Surprise Profit Despite Tariff Pressures
RH swung to a profit in its fiscal first quarter despite the impact of tariffs on spending and the shakiest housing market in decades, pushing its shares higher after hours. The furniture retailer posted a profit of $8 million, or 40 cents a share, for the quarter ended May 3. That stacks against a loss of $3.6 million, or 20 cents a share, in the comparable quarter a year earlier. Analysts polled by FactSet had been expecting another loss.
Yahoo
3 hours ago
- Yahoo
How to watch Chelsea vs Manchester United live: Stream link, TV channel, team news, prediction
Chelsea's tenuous hold on a Champions League space meets an old rival when lower-half Manchester United visit Stamford Bridge on Friday. The Blues enter Week 37 with 63 points, above sixth-place Aston Villa on goal differential and seventh-place Nottingham Forest by a single point. Advertisement WATCH — Chelsea v Manchester United Enzo Maresca's men control their own destiny with the visit from the Red Devils before a potentially-huge scrap at Forest to close the season. As for Friday's visitors, Manchester United are prepping for the Europa League Final, their only path to the Champions League thanks to a mostly-abysmal Premier League campaign. The 16th-place Red Devils go to London with more than a single eye on their Wednesday UEL Final against Tottenham Hotspur in Bilbao. For live updates and highlights throughout Chelsea vs Manchester United, check out PST's live blog coverage below… How to watch Chelsea vs Manchester United live, stream link and start time Kick off time: 3:15pm ET Friday Venue: Stamford Bridge TV Channel: Peacock Streaming: Premier League on Peacock Chelsea team news, focus OUT: Nicolas Jackson (suspension), Jadon Sancho (loan - unable to fce parent club), Christopher Nkunku (undisclosed), Aaron Anselmino (thigh), Wesley Fofana (thigh - out for season), Mykhailo Mudryk (suspension), Omari Kellyman (hamstring - out for season), Marc Guiu (thigh) Manchester United team news, focus OUT: Matthijs de Ligt (knee), Diogo Dalot (calf), Joshua Zirkzee (thigh - MORE), Ayden Heaven (leg - MORE), Lisandro Martinez (torn ACL - MORE), Toby Collyer (leg) | QUESTIONABLE: Leny Yoro (ankle) Chelsea vs Manchester United prediction This, in theory, should look more like a Conference League match than a Premier League match, as the Blues will arrive with urgency while United simply want to be healthy for Spurs and the UEL Final. Of course Amorim will expect fire from the players he selects for this match, but Chelsea's first-choice team — even without suspended Nicolas Jackson — is better than United's first-choice team, let alone its depth. Chelsea 3-1 Man United.
Yahoo
5 hours ago
- Yahoo
Bundesliga Side Pushing to Sign £25million Manchester City Star
Bayer Leverkusen Eyeing Manchester City Star in Potential Summer Swoop Bayer Leverkusen are reportedly preparing an offer for Manchester City's highly-rated youngster James McAtee, according to Sky Sports News. As per reporting from Amar Mehta and Lyall Thomas, Leverkusen's interest in McAtee is concrete, though no formal bid could be tabled before the close of the most recent transfer window. Advertisement The 22-year-old midfielder, currently captaining the England Under-21 side during their matches in Slovakia, has become a notable figure in Manchester City's youth structure. His performances for both club and country have not gone unnoticed, and Leverkusen's interest reflects a broader trend of top European sides targeting Premier League academy graduates. A move, however, is not imminent. It cannot progress until McAtee's international duties and the upcoming Club World Cup have concluded. As the report states, 'An offer could not be made in the first window, which closed on Tuesday.' This leaves City with ample time to evaluate their options and the true valuation of one of their promising assets. Photo: IMAGO City Set Steep Price Tag Amid Growing Interest City have reportedly placed a valuation of 'in excess of £25m plus add-ons' on McAtee, though some sources believe that figure could rise even higher. In context, this puts him in similar territory to fellow City academy graduate Cole Palmer, who was sold to Chelsea for £40m. Advertisement While Palmer's rise and value spike are significant, McAtee offers a slightly different profile. He is more central in nature, combining creativity with directness and composure in possession. The question many fans and analysts are now asking is whether Manchester City will allow another homegrown talent to depart before he's had a proper chance in the first team. This isn't the first time Leverkusen have tapped into the Premier League pipeline, and their ability to offer meaningful minutes and exposure in a top European league has become an attractive proposition for emerging English talent. McAtee Keen on Bundesliga Adventure The key revelation from Sky Sports is that McAtee is 'understood to be keen to join Leverkusen if the clubs can come to an agreement.' That level of player interest could accelerate talks once formal negotiations begin. In the modern transfer market, player intention carries significant weight, and with McAtee evidently open to the move, Manchester City must weigh the short-term benefits of a sizeable fee against the long-term regret of losing another gem. Advertisement Leverkusen's appeal is multi-faceted. With Champions League football now a regular prospect at the BayArena, the stage could be set for him to flourish. What City's Transfer Strategy Says About McAtee's Future There's no doubt Manchester City have a blueprint for academy development, but selling talents like Palmer and potentially McAtee raises questions about their long-term integration plans. Are these players being nurtured for first-team action, or groomed for profit? While McAtee has featured for City at senior level, consistent minutes have proven elusive. Loan spells have offered glimpses of his potential, but for a player of his quality, the next step must be decisive. Advertisement If Leverkusen are willing to meet City's valuation, this could be one of the most notable outbound transfers of the summer. With the Premier League becoming increasingly ruthless at the top end, Manchester City may regret letting another creative force leave without fully tapping into his capabilities. Our View – EPL Index Analysis From the perspective of a Manchester City supporter, this story is layered with excitement, frustration and uncertainty. James McAtee has been widely regarded as one of the brightest prospects to emerge from the club's academy in recent years. Watching players like Cole Palmer succeed elsewhere begs the question: are we giving these youngsters enough opportunity? McAtee is the kind of player City could need in transition games, in tighter cup fixtures or when rotation becomes critical during the business end of the season. He's technically sound, reads the game intelligently and clearly has the maturity to lead, as shown by his captaincy role with England's U21s. Advertisement There's something bittersweet in potentially losing him to Leverkusen. Yes, £25m or more is good business, but is that truly reflective of what he could become under Guardiola or even as part of a deeper squad reshuffle post-Kevin De Bruyne? In the current market, a fully integrated McAtee could be worth double in a couple of seasons. Xabi Alonso's style and tactical approach would suit McAtee perfectly, and one can't help but feel he'd thrive in Germany. However, from a City standpoint, it's tough to reconcile allowing another homegrown star to flourish abroad while the club continues to spend heavily on ready-made midfielders. Selling McAtee might make financial sense today, but could prove a footballing misstep tomorrow.
