Latest news with #EFLChampionshipProfitandSustainabilityRules
Scottish Sun
3 days ago
- Sport
- Scottish Sun
Leicester City ‘face starting Championship season with TWELVE-point deduction after alleged £17m in PSR breaches'
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) LEICESTER CITY are facing a huge points deduction for next season if found guilty of breaching PSR rules. The Foxes were relegated back to the Championship last month following a dismal Premier League campaign. Sign up for Scottish Sun newsletter Sign up 1 Relegated Leicester are facing a hefty points deduction for next season Credit: Getty And they could begin the 2024/25 season in the second tier playing catch-up. The Premier League issued charges last week alleging a PSR breach of over £17million across a three-year period. According to the iPaper, Leicester could be hit with a MINIMUM 12-POINT penalty if found guilty. EFL guidelines state that 12 points should be docked for a PSR breach. Deductions are then applied on a sliding scale if the breach is less than £15m. The Prem are reportedly set to argue Leicester be docked more points after failing to submit their accounts on time last December. A spokesperson said earlier this month: "Following an Arbitration Tribunal's decision concerning jurisdiction, Leicester City FC has now been referred to an independent Commission for alleged breaches." "The EFL Championship Profit and Sustainability Rules (P&S Rules) for Season 2023/24. BEST ONLINE CASINOS - TOP SITES IN THE UK "The club's obligation to provide its Annual Accounts to the Premier League by 31 December 2024. "And the club's obligation to provide full, complete and prompt assistance to the Premier League in response to the League's inquiries." Emotional Leicester fans say 'delete this' as club share pics of Jamie Vardy packing his things into a cardboard box Both the Premier League and Leicester declined to comment to the outlet. Leicester have announced 11 players are leaving the King Power this summer. Danny Ward, Daniel Iversen and club legend Jamie Vardy are all among those released following the expiry of their respective contracts. Vardy, 38, has been linked with a shock free transfer to Newcastle. The former England striker spent 13 years at Leicester, scoring 200 goals in 500 games. Vardy scored nine Prem goals and provided four assists this season. Since announcing his departure from the club, he has also been linked with Crystal Palace, Wolves and Wrexham.
The Irish Sun
3 days ago
- Sport
- The Irish Sun
Leicester City ‘face starting Championship season with TWELVE-point deduction after alleged £17m in PSR breaches'
LEICESTER CITY are facing a huge points deduction for next season if found guilty of breaching PSR rules. The Foxes were Advertisement 1 Relegated Leicester are facing a hefty points deduction for next season Credit: Getty And they could begin the 2024/25 season in the second tier playing catch-up. T he Premier League of over £17million across a three-year period. According to the MINIMUM 12-POINT penalty if found guilty. EFL guidelines state that 12 points should be docked for a PSR breach. Advertisement READ MORE ON FOOTBALL Deductions are then applied on a sliding scale if the breach is less than £15m. The Prem are reportedly set to argue Leicester be docked more points after failing to submit their accounts on time last December. A spokesperson said earlier this month: "Following an Arbitration Tribunal's decision concerning jurisdiction, Leicester City FC has now been referred to an independent Commission for alleged breaches." "The EFL Championship Profit and Sustainability Rules (P&S Rules) for Season 2023/24. Advertisement Most read in Football BEST ONLINE CASINOS - TOP SITES IN THE UK "The club's obligation to provide its Annual Accounts to the Premier League by 31 December 2024. "And the club's obligation to provide full, complete and prompt assistance to the Premier League in response to the League's inquiries." Emotional Leicester fans say 'delete this' as club share pics of Jamie Vardy packing his things into a cardboard box Both the Premier League and Leicester declined to comment to the outlet. Advertisement Leicester have announced Danny Ward, Daniel Iversen and club legend Jamie Vardy are all among those released following the expiry of their respective contracts. Vardy, 38, has been linked with a The former England striker spent 13 years at Leicester, scoring 200 goals in 500 games. Advertisement Vardy scored nine Prem goals and provided four assists this season. Since announcing his departure from the club, he has also been
Daily Tribune
21-05-2025
- Business
- Daily Tribune
Leicester charged over alleged financial breaches
Relegated Premier League club Leicester have been charged with alleged financial breaches during their Championship campaign in 2023-24. The Foxes are accused of breaking Football League financial rules, with the case referred to an independent commission by the Premier League. Leicester, who will be back in the Championship next term following their relegation from the top-flight this season, could be handed a points deduction if they are found guilty. A Premier League spokesman said: 'Following an Arbitration Tribunal's decision concerning jurisdiction, Leicester City FC has now been referred to an independent Commission for alleged breaches of the EFL Championship Profit and Sustainability Rules for Season 2023/24, and the club's obligation to provide full, complete and prompt assistance to the Premier League in response to the League's enquiries.' The Football League added in a statement: 'The EFL commenced an investigation into this reporting period following the March 2024 submissions and as is permitted in accordance with EFL Regulations, jurisdiction for that passed to the Premier League at the conclusion of the 2023/24 season on the Club's promotion. 'We will now await the outcome of the Premier League proceedings.'
Yahoo
20-05-2025
- Business
- Yahoo
Leicester charged over alleged financial breaches
Relegated Premier League club Leicester have been charged with alleged financial breaches during their Championship campaign in 2023-24. The Foxes are accused of breaking Football League financial rules, with the case referred to an independent commission by the Premier League. Leicester, who will be back in the Championship next term following their relegation from the top-flight this season, could be handed a points deduction if they are found guilty. A Premier League spokesman said: "Following an Arbitration Tribunal's decision concerning jurisdiction, Leicester City FC has now been referred to an independent Commission for alleged breaches of the EFL Championship Profit and Sustainability Rules for Season 2023/24, and the club's obligation to provide full, complete and prompt assistance to the Premier League in response to the League's enquiries." The Football League added in a statement: "The EFL commenced an investigation into this reporting period following the March 2024 submissions and as is permitted in accordance with EFL Regulations, jurisdiction for that passed to the Premier League at the conclusion of the 2023/24 season on the Club's promotion. "We will now await the outcome of the Premier League proceedings." In their own statement, Leicester responded: "The club intends to engage co-operatively in this matter now that the Premier League's jurisdiction has been established for the period ending FY24 (financial year 2024)." Earlier this season, Leicester won an appeal that prevented the Premier League from charging them for breaching profit and sustainability rules during their top-flight campaign in 2022-23. Leicester claimed the Premier League did not have jurisdiction to charge them because they were competing in the Championship at the time of the case. The Premier League challenged Leicester's successful appeal, but a tribunal ruled in the club's favour. "The club is pleased that it successfully defended the Premier League's challenge to the Appeal Board decision in relation to the PSR assessment period ending FY23, which was the main focus of these proceedings," Leicester said. The latest financial accusations are another blow for third-bottom Leicester in a dismal season. Foxes boss Ruud van Nistelrooy is waiting to discover if he will remain in charge next term or be sacked for failing to save them from relegation. Leicester have won just six of their 37 league games and finish the season at Bournemouth on Sunday. smg/pi
France 24
20-05-2025
- Sport
- France 24
Leicester charged over alleged financial breaches
The Foxes are accused of breaking Football League financial rules, with the case referred to an independent commission by the Premier League. Leicester, who will be back in the Championship next term following their relegation from the top-flight this season, could be handed a points deduction if they are found guilty. A Premier League spokesman said: "Following an Arbitration Tribunal's decision concerning jurisdiction, Leicester City FC has now been referred to an independent Commission for alleged breaches of the EFL Championship Profit and Sustainability Rules for Season 2023/24, and the club's obligation to provide full, complete and prompt assistance to the Premier League in response to the League's enquiries." The Football League added in a statement: "The EFL commenced an investigation into this reporting period following the March 2024 submissions and as is permitted in accordance with EFL Regulations, jurisdiction for that passed to the Premier League at the conclusion of the 2023/24 season on the Club's promotion. "We will now await the outcome of the Premier League proceedings." In their own statement, Leicester responded: "The club intends to engage co-operatively in this matter now that the Premier League's jurisdiction has been established for the period ending FY24 (financial year 2024)." Earlier this season, Leicester won an appeal that prevented the Premier League from charging them for breaching profit and sustainability rules during their top-flight campaign in 2022-23. Leicester claimed the Premier League did not have jurisdiction to charge them because they were competing in the Championship at the time of the case. The Premier League challenged Leicester's successful appeal, but a tribunal ruled in the club's favour. "The club is pleased that it successfully defended the Premier League's challenge to the Appeal Board decision in relation to the PSR assessment period ending FY23, which was the main focus of these proceedings," Leicester said. The latest financial accusations are another blow for third-bottom Leicester in a dismal season. Foxes boss Ruud van Nistelrooy is waiting to discover if he will remain in charge next term or be sacked for failing to save them from relegation. Leicester have won just six of their 37 league games and finish the season at Bournemouth on Sunday.
