DEFIANT Leicester City have declared war on the Premier League and EFL after being charged with breaking spending rules.
The Foxes announced on Friday that they are launching “urgent legal proceedings” against both organisations.
Leicester, who were relegated to the Championship last season, learned on Thursday that they are being referred to an independent commission for breaching profit and sustainability rules (PSR) during their final three years in the Premier League.
The EFL then placed the Foxes under a transfer embargo for an alleged breach of PSR in the current season.
Top-flight clubs are permitted to lose £105m over a rolling three-year period. In the event of relegation, this figure falls to £83m. Leicester lost a club-record £92.5m in the 12 months up to May 2022, and £33.1m a year earlier. Last season’s losses are not yet public knowledge.
Everton (six) and Nottingham Forest (four) have both been docked points for breaches of PSR this season and if Leicester are found guilty then they would face similar sanctions. However, any such punishment would come into effect next season, and could be administered by the EFL if the Foxes - who are currently second - fail to win promotion.
Unlawful
This story is from the March 24, 2024 edition of The Football League Paper.
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This story is from the March 24, 2024 edition of The Football League Paper.
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