Overview
- Leicester City faces allegations of exceeding financial loss limits during the 2023-24 Championship season.
- The club is also accused of failing to submit annual accounts by the December 31, 2024 deadline and not cooperating fully with Premier League inquiries.
- An arbitration tribunal upheld the Premier League's jurisdiction to investigate and refer the case, despite Leicester playing in the Championship that season.
- If found guilty, Leicester could face a points deduction in the Championship, potentially impacting their promotion hopes.
- This follows a prior legal victory where Leicester avoided sanctions for 2022-23 breaches due to jurisdictional loopholes, which have since been closed.