What new Premier League FFP decision means for Liverpool after latest charge

Leicester City have become the latest club to feel the wrath of the Premier League in what seems like a major tightening of financial rules, with the club becoming the third to be charged with a breach on Profitability and Sustainability Rules (PSR).

It’s an announcement that has been expected for weeks and came on Thursday evening. The club have also been charged for failing to submit their financial accounts, and the charge relates to the assessment period ending last season, the case will now be forwarded to an independent commission.

Leicester quickly released a very strong response to the charges. "LCFC remains willing and eager to engage constructively with the Premier League and the EFL to seek the proper resolution of any potential charges, by the right bodies, and at the right time,” it read.

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“The Club continues to take careful advice about its position and, if necessary, will continue to defend itself from any unlawful acts by the football authorities, should they seek to exercise jurisdiction where they cannot do so, as occurred earlier this year.”

It leaves the rules under more scrutiny than ever. The case against Leicester is the fifth, following two charges against Everton and one against Nottingham Forest and the ongoing one against Man City.

Everton’s first charge led to a 10-point deduction being handed to them by the independent commission, this was later reduced to six points on appeal. Last week, Forest were deducted four points which is now subject to appeal.

Everton are still awaiting the outcome of their second charge, which