Premier League club charged with financial breaches and could be facing points deduction

A Premier League club has been charged with financial breaches and could face a points deduction.

Leicester City have been charged by the Premier League over alleged breaches of the EFL's financial rules for the 2023/24 season.

The three new charges relate specifically to last season when the Foxes were in the Championship.

The new charges relate to Leicester's Championship-winning campaign.

They could be handed a points deduction if found guilty.

Leicester will play in the Championship next season following their relegation from the Premier League.

On Tuesday, Leicester revealed that they are in the clear over separate charges previously brought by the Premier League relating to the 2022/23 campaign.

A club statement read: "Leicester City FC notes the Tribunal decision which has been published today."

Leicester City are facing a points deduction after being hit with three new charges by the Premier League. Image: Getty

It added: "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.

"The Premier League’s own rules provide a deliberately high threshold for any challenge to the decision of an Appeal Board. In this case, the Appeal Board’s decision was only capable of being overturned if it could be shown to have resulted from a 'perverse interpretation of the law' or was a decision 'which could not reasonably have been reached'.

"The Appeal Board decision was reached by a highly experienced panel (including two former Court of Appeal judges) and, although the tribunal may have disagreed with the decision, it dismissed the Premier League’s challenge, finding (consistent with the arguments made by the Club all along) that the Appeal Board decision 'could not sensibly be seen as resulting from a perverse interpretation of the law'.

"The tribunal also concluded that the Premier League was successful in establishing jurisdiction on one of the two grounds argued by the Premier League with respect to the assessment period ending FY24, and the Premier League has now referred this to an independent Commission. Consistent with its previous commitments, the Club intends to engage cooperatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24. However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature."

Leicester, who occupy 18th place in the Premier League table, face Bournemouth on the final day of the season.