Another club has been charged by the Premier League for breaching Financial Fair Play rules as crackdown on overspending continues.
Despite not even being in the division anymore, Leicester City are the latest club to face the wrath of the Premier League.
Everton and Nottingham Forest have already been handed points deductions this season, with the Toffees receiving an initial -10 points and Forest getting hit with a -4 deduction.
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Leicester City has been referred to an independent commission due to alleged breaches of profit and sustainability rules (PSR), coupled with their failure to submit audited financial records during their final three seasons in the league.
Should the Championship leaders be deemed guilty, they could potentially face a points deduction.
In addition to this, the club is under investigation as part of a separate financial inquiry conducted by the English Football League.
Leicester City have released the following statement in response to the Premier League:
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"Leicester City is surprised at the actions the Premier League has taken today. The Club is extremely disappointed that the Premier League has chosen to charge LCFC now, despite the Club’s efforts to engage constructively with the Premier League in relation to the matters that are the subject of this charge, even though LCFC is not currently a Premier League club.
LCFC remains willing and eager to engage constructively with the Premier League and the EFL to seek the proper resolution of any potential charges, by the right bodies, and at the right time. The Club continues to take careful advice about its position and, if necessary, will continue to defend itself from any unlawful acts by the football authorities, should they seek to exercise jurisdiction where they cannot do so, as occurred earlier this year.
LCFC has repeatedly demonstrated its commitment to the P&S rules through its operating model over a considerable period, achieving compliance while pursuing sporting ambitions that are entirely credible given the consistent success that the Club has achieved in that time, both domestically and in European competition. As we continue to represent the Club’s position, we will continue to fight for the right of all clubs to pursue their ambitions, particularly where these have been reasonably and fairly established through sustained sporting achievement.
The Club thanks its supporters for their understanding in this matter and for their continued support for our team, whose success on the pitch during the final weeks of the season remains our primary focus."
Featured Image Credit: GettyTopics: Leicester City, Premier League