Leicester City have been referred to an independent commission by the Premier League for alleged breaches of the EFL’s profitability and sustainability rules for the 2023-24 season.
The Foxes have been relegated back to the Championship but jurisdiction for the matter was transferred by a tribunal to the Premier League following Leicester’s promotion in June 2024.
The independent commission will also assess two further alleged breaches – that they failed to provide accounts to the Premier League by December 31, 2024, and that they did not “provide full, complete and prompt assistance to the Premier League in response to the league’s inquiries”.
Leicester City today notes the Tribunal decision regarding the PSR assessment periods ending 22/23 and 23/24.
— Leicester City (@LCFC) May 20, 2025
However, they will not face sanctions for potential breaches of PSR regulations in the 2022-23 season after the tribunal ruled the Premier League did not have jurisdiction at that time.
A Leicester statement concluded: “Consistent with its previous commitments, the club intends to engage cooperatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24.
“However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature.”
The matter adds another layer of complexity to a summer that is likely to see major upheaval at the King Power Stadium.
Relegation is set to mean some of the club’s higher earners are moved on while Jamie Vardy – described by the club as “their greatest ever player” – bid an emotional farewell during Sunday’s win over Ipswich.
