A defiant Leicester City have issued legal proceedings against the Premier League and English Football League after being dismayed by the action taken by the two organisations. Leicester are facing the potential double whammy of being docked points by both leagues owing to alleged financial breaches.
The EFL has imposed a transfer ban on Leicester, who were demoted from the highest league in the previous season, for reportedly surpassing the limit for financial losses in their profitability and sustainability calculation for the 2023-24 season.
Leicester say they dispute “the EFL’s entitlement to impose this constraint, which is both restrictive and premature”. The accounting period for 2023-24 ends on 30 June. Unless the club generate millions through sales before then, they are at risk of a points deduction from the EFL.
The Premier League has accused Leicester of violating profitability and sustainability rules (PSR) for the past three years in the league. Premier clubs are allowed to have a maximum loss of £105m over a three-year period. If found guilty, the penalty would apply next season and may be enforced by the EFL if the club does not get promoted.
The Leicester statement explains that LCFC has taken legal action against both the Premier League and the EFL. They are asking for an impartial legal panel to handle each of the proceedings.
The organization is dedicated to ensuring that any accusations made against it are handled fairly and appropriately, following the proper rules and by the appropriate authorities, and in a timely manner.
LCFC would like these proceedings to be public so that their fans and others can be updated on the issues concerning football management that will be discussed. However, the rules mandate that these proceedings be private, so LCFC cannot share more details at this time.
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“We stand by the club’s stance that we will persist in advocating for the rights of Leicester City and all clubs to pursue their goals, especially when those goals are justifiably and fairly achieved through consistent sporting success.”
Source: theguardian.com
