Foxes are 'prime target' for punishment
Football finance expert Kieran Maguire has estimated that Leicester City could be inline for a "seven-point deduction" for their latest breach of the Premier League's profitability and sustainability rules (PSR).
Speaking to BBC Sport's Charlie Slater about the situation, Maguire said: "If we use the Everton and Nottingham Forest cases as a starting point, they were given a set penalty plus an additional penalty, in terms of points, for the severity of the offence over the allowable limit.
"On the basis of that, we are probably looking at something like a seven-point deduction which if applied this season - and there's a case for saying it is too late - would result in Leicester City probably dropping from 18th to 19th position in the Premier League.
"The reason why it might have to be applied to this season is because you get around about £3.5m per place in the Premier League. Therefore, from the perspective of Ipswich Town, they would say they are entitled to an extra £3.5m and they would want this particular issue to be pursued."
Former Leicester City striker Matty Fryatt said the situation "doesn't look healthy" on the When You're Smiling podcast: "It certainly doesn't sound good initially.
"The club are the prime target number one because they used that loophole before to get out of the previous charge.
"The Premier League obviously deem it a breach of their rules so they are already after them. Then subsequently, because of relegation, the EFL will want a nibble as well because the club had previously breached their rules but went back up to the Premier League again.
"So, all in all, it is a mess. I do think both the Premier League and the EFL will be after Leicester City, especially after they were clever in getting out of the situation last time.
"It doesn't look healthy. I don't know whether the points deduction will be enforced for this season, which would probably play into Ipswich's favour for a bit of money, or if the EFL will go after Leicester City next season.
"I wonder if the EFL could even save the points deduction and use it the following season, if Leicester City get promoted next season? It is very messy and the club is prime target number one unfortunately."
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