Leicester City has won an appeal against charges of financial irregularities with which it was accused by the Premier League and therefore will not receive any punishment.
The ‘Foxes’ were accused this year by an independent commission of breaching the competition’s financial fair play rules, which allow them to accumulate losses of no more than 105 million pounds over three years, and could face sports sanctions, such as Nottingham Forest and Everton have already suffered, where four and eight points were deducted, respectively, last season.
Leicester took advantage of the fact that last season it was in the Championship (English second division) and an independent appeals court ruled that The Premier League has no “jurisdiction” to punish them because it is a competition run by another entity, in this case, the English Football League (EFL).
According to the independent tribunal, Leicester no longer fell under the Premier League’s financial fair play rules when calculating the losses they incurred.
The Premier criticized the decision
Leicester welcomed the decision, while the Premier criticized it.
“If the independent panel is right, this decision will create a situation where any club that exceeds financial fair play will be able to avoid accounting in these specific circumstances. This is clearly not the intention of the rules,” the Premier said. in a statement.
Leicester won promotion last season and in the first three days of this Premier League they managed one point.
Chelsea and City’s cases remain
After the penalties against Forest and Everton, there are two other investigations underway: against Chelsea, for the lack of transparency during the management of Roman Abramovichand Manchester City, accused of 115 financial charges. The City trial will begin this month and a verdict is expected in early 2025.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.