The Foxes have become the fourth club to be charged with breaking Profit and Sustainability Rules
They have also been charged with failing to submit their audited financial accounts.
The EFL has also asked Leicester to submit a business plan to demonstrate how they would comply with their loss cap, which would be £83m between 2021-2024. The Forest report outlined that the Premier League believe a points deduction is the only reasonable penalty for breaching FFP, although harsher punishments like expulsion from the league are available for “major” breaches.
While the EFL may not be able to punish Leicester this season, they may still be able to for the period 2021-2024. They can bring in further sponsorship and sell players. Kiernan Dewsbury-Hall has been the subject of Premier League interest, and would count as pure profit in accounting terms as he is an academy graduate.Unlike Forest and Everton’s cases this season, Leicester’s does not have to be resolved within three months, meaning there is currently no clear timeline.
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