Team Hit With Six-Point Deduction After Breaching Premier League Financial Rules
According to reports, Leicester City have been hit with a six-point deduction after being found to have breached the Premier League’s financial rules. The punishment now leaves them in 20th place, only just outside the Championship relegation zone on goal difference.
As per the Telegraph, the Foxes punishment comes after a long legal battle, with their hearing taking place in November in front of a panel. The club have been found to have breached Profitability and Sustainability Rules [PSR] for the 2023-24 season, when the club was last operating in the second tier.
After the Premier League confirmed the charges in May, Leicester were also accused of failing to provide their annual accounts before the December 31 deadline.
There was an additional charge after failing an “obligation to provide full, complete and prompt assistance to the Premier League”.
