Leicester City have been referred to an independent commission by the Premier League for an alleged breach of EFL financial rules during the 2023-24 Championship season.
The club could be punished with a possible points deduction and fine, although it is not clear at this stage when, what or how that will be applied.
At the centre of the tribunal decision were two contrasting decisions.
The tribunal upheld a decision that the Premier League could not punish the Foxes for breaching Premier League profit and sustainability (PSR) rules for the 2022-23 season as the club had been relegated from the top flight at the end of that campaign.
However, it also ruled that the Premier League does have jurisdiction to investigate the club for breaching EFL rules in 2023-24.
The independent commission will also assess two further alleged breaches by the Foxes; that they failed to provide accounts to the Premier League by 31 December, 2024, and that they did not “provide full, complete and prompt assistance to the Premier League in response to the league’s inquiries”.
Leicester, who this season have been relegated to the Championship for the second time in three years, said: “The club intends to engage co-operatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24 (financial year 2024).”
News of the charge was revealed in a complex ruling that leaves many uncertainties over what it means and how it will be applied.