Leicester City are the latest club to have been charged for an alleged breach of Profit and Sustainability Rules (PSR) after Everton and Nottingham Forest were deducted points.
The Foxes were relegated to the Championship last season but the Premier League have found that they were alleged to have breached a period-ending 2022-23.
Leicester's relegation to the second tier of English football was prior to the introduction of new Premier League standard directions therefore, it will be conducted in accordance with the timetable set by the independent commission.
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On Thursday, a Premier League statement read: "The Premier League has today referred Leicester City FC to an independent Commission for an alleged breach of Profitability and Sustainability Rules (PSRs) and for failing to submit their audited financial accounts to the League.
"The alleged breach relates to the assessment period ending Season 2022/23, when the club was a member of the Premier League.
"Leicester City were relegated to the EFL Championship prior to the introduction of the Premier League’s new Standard Directions, which prescribe a timeline within which PSR cases should be heard. Therefore, the proceedings will be conducted in accordance with a timetable to be set by the independent Commission, and its final decision will be published on the Premier League’s website."
Leicester becomes the third team this season to be charged by the Premier League after the Blues and Forest, but Enzo Maresca's side are the first Championship side to be sanctioned by the
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