Leicester City today became the fourth club to be referred to an independent commission by the Premier League for alleged violations of spending limits and failing to submit audited financial records.
The Foxes, currently on course for a return to the top flight as they sit joint top of the Championship with Leeds, follow Everton, Manchester City and Nottingham Forest in being charged with breaching rules around Profitability and Sustainability and financial reporting.
Everton were, of course, handed a 10-point sanction in November, reduced to six on appeal and go before a second League-appointed commission early next week where they porentially face further censure while Forest were docked four points last Monday.
Manchester City are expected to finally go before a commission of their own later this year.
According to the BBC, “Leicester are yet to make their accounts for their last season in the Premier League publicly available, but in the 12 months up to May 2022 they lost a club-record £92.5m.”
They are also at risk of being charged by the English Football League for breaching that league’s spending rules and face a points deduction from the Premier League that would take effect at the start of 2024-25 should they gain promotion this season.