Leicester releases statement after being accused of alleged breach of Premier League sustainability and profit standards

The Premier League has accused Leicester City of breaching profit and sustainability rules.

The Foxes have been referred to an independent Commission for the alleged non-compliance and for failing to submit their audited financial accounts to the league.

The alleged breach relates to the 2022/23 campaign when Leicester were competing in the Premier League and were relegated.

If found guilty, Leicester could face a points deduction.

A Premier League statement added: “city ​​of leicester They were relegated to the EFL Championship before the introduction of the Premier League's new Standard Directions, which prescribe a timetable within which PSR cases must be heard.

“The procedure will therefore be carried out in accordance with the timetable to be set by the independent commission, and its final decision will be published on the Premier League website.”

A club spokesperson said: “Leicester City is surprised by the actions the Premier League has taken today. The club is extremely disappointed that the Premier League has decided 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 position, despite LCFC not currently being a Premier League club.

“LCFC remains willing and eager to engage constructively with the Premier League and the EFL to seek appropriate resolution of any potential charges, by the appropriate bodies and at the appropriate time. The club continues to receive careful advice on its position and, if necessary, will continue to defend itself against any illegal acts by football authorities, should they attempt to exercise jurisdiction where they cannot, as happened 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 the club has achieved in that time, both domestically and internationally. as in European competitions. While 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 achievements.

“The club thanks its supporters for their understanding in this matter and for their continued support of our team, whose success on the field during the final weeks of the season remains our main objective.”

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Currently, Leicester is fighting for promotion from the championship and is in second place with nine games remaining.