Leicester City's Premier League aspirations are all but over after the club was handed a six-point penalty by an independent disciplinary commission. The punishment, determined to be "disproportionate" by the club, leaves Leicester City outside the Championship relegation zone only on goal difference.
The 20th-placed team in the Championship has been found guilty of breaching the Premier League's financial rules (PSR) for the three-season period ending with 2023-24. The club's refusal to provide its annual accounts to the Premier League by the relevant deadline was also deemed a breach of rule.
Leicester City have been fined £20.8m, which is significantly less than the maximum permitted losses of £83m across the timeframe. However, the penalty has put significant pressure on the club's future prospects in the Championship.
The Premier League has stated that Leicester's "improving financial position" during the relevant period was used as a mitigating factor in the decision. The commission also found that the club had failed to cooperate and submit its financial accounts on time, further exacerbating the situation.
Leicester City are currently searching for a new head coach after sacking Martí Cifuentes last month. The team is close to appointing a technical director to work alongside the longstanding director of football, Jon Rudkin, and a new chief executive.
With their reputation in tatters, Leicester City face an uphill battle to avoid relegation to League One. The club's players and staff are set to face a tough test on Saturday as they travel to Birmingham to take on their former midfielder Andy King's team.
The 20th-placed team in the Championship has been found guilty of breaching the Premier League's financial rules (PSR) for the three-season period ending with 2023-24. The club's refusal to provide its annual accounts to the Premier League by the relevant deadline was also deemed a breach of rule.
Leicester City have been fined £20.8m, which is significantly less than the maximum permitted losses of £83m across the timeframe. However, the penalty has put significant pressure on the club's future prospects in the Championship.
The Premier League has stated that Leicester's "improving financial position" during the relevant period was used as a mitigating factor in the decision. The commission also found that the club had failed to cooperate and submit its financial accounts on time, further exacerbating the situation.
Leicester City are currently searching for a new head coach after sacking Martí Cifuentes last month. The team is close to appointing a technical director to work alongside the longstanding director of football, Jon Rudkin, and a new chief executive.
With their reputation in tatters, Leicester City face an uphill battle to avoid relegation to League One. The club's players and staff are set to face a tough test on Saturday as they travel to Birmingham to take on their former midfielder Andy King's team.
they were in the mix just a few weeks ago now it's all but over 
£20.8m fine might not seem like much but when you're struggling to stay up like they are, that kinda money makes all the difference 
what really gets me is the fact that they had 6 whole points deducted from them 
i mean, i feel bad for the fans, they must be gutted 
But with this penalty, it's like a punch to the gut 
. £20.8m fine is massive, and it's gonna be tough for them to recover from this. They were on track to avoid relegation, but now they're fighting for survival again 
.
. The new coaching staff might just bring the magic back to the team 
. And yeah, it's gonna be tough facing off against Birmingham - I feel for King's side too 
... Let's keep our fingers crossed that LCFC can make a comeback and show everyone what they're made of 
!
. i'm all for financial fair play, but this feels like a harsh punishment to me... they're already in a tough spot with their new head coach search and stuff 
. i mean, can't the Premier League just give 'em a break? 
we gotta think about the bigger picture here – what's the point of having a league if teams are gonna be crippled by these kinds of fines? 
They're gettin' roasted in the Premier League and now they've got a 6-point penalty slapped on 'em? That's some harsh punishment! I mean, I feel for the club and all, but this is crazy talk. £20.8m fine might not seem like much, but it's still a lotta cash 
Can't believe they didn't provide their accounts on time... how do you even miss that deadline?! 
leicester city is literally in shambles now 
but now the club is in the championship and fighting for relegation, i mean, what even is the point anymore? 
martí cifuentes got sacked last month and theyre still trying to find a new head coach, hows that going to help them now? 
at least the premier league gave them a mitigating factor but it just doesnt feel like enough 
. they're gonna need some serious magic from their squad if they wanna turn this around 
️. it's just so frustrating when teams don't follow the rules, especially one that's supposed to set an example for others 
at least they're working hard to find new people to help them turn things around, it's gonna be tough tho 
This is some harsh stuff for the Foxes... They've been doing alright for themselves, just scraping in above relegation zone. Don't know how they're gonna bounce back from this. £20.8m fine seems a bit steep considering they weren't fined to death or anything. Guess you gotta be careful with those finances when it comes to the Premier League. Still, that new head coach they got might be able to turn things around... Fingers crossed for them!
. I mean, £20.8m fine is steep too... £83m max allowed losses, what's the difference? They should have just been warned next time 
. It's like the Premier League is just trying to cover its own backside... or something 
. I mean, £20.8m is a lot of money 
. They really need to step up their game and get their finances in check 
.
.
️, not just in terms of the finances, but also with the coaching staff and all that 
, and maybe even someone who knows how to manage the team's emotions 
. Anyway, I wish them luck 
!
I'm worried about the team's morale too, they gotta find some confidence again