Guardian report. Leicester City are at serious risk of breaking the English Football League’s profit and sustainability regulations, raising concerns about the club’s financial picture and a possible points deduction.
The financial pressures are likely to result in the need to sell players this summer. If found in breach, it is unclear when any punishment would come into effect.
The EFL believes Leicester, who have a three-point lead at the top of the Championship, are on course to break financial rules relating to this season. The club had to submit its projected 2023-24 accounts by 1 March and the EFL believe those figures would equate to a breach, according to the league’s independent club financial reporting unit (CFRU).
The EFL determined that it was appropriate for Leicester to submit a business plan to demonstrate how it planned to comply with spending limits but the club said the relevant financial rules did not apply because they were in the Premier League last season.
In 2018, Leicester agreed to pay the EFL £3.1m to settle the league’s claim they breached financial rules in 2013-14.