July 5th – According to local English media, The Mirror, the Premier League’s independent commission has dismissed newly-promoted Leicester City’s appeal against sanctions for breaching the Profit and Sustainability Rules (PSR), likely resulting in the club starting the new season on a negative points total.
In March, Leicester City was accused of failing to submit its financial reports for the 2022/23 season on time, leading to the case being referred to the Premier League’s independent commission. Over the past two seasons, the club has incurred losses of £125 million, exceeding the league’s £105 million loss limit over a three-year period.
In April, the club revealed losses of £89.7 million for the 2022-23 period, taking their losses over the three-year threshold to more than double the Premier League’s limit.
Leicester City stated in a statement that they would appeal the latest ruling. A Premier League spokesperson said in a statement: “The Independent Commission has dismissed an appeal by Leicester City Football Club regarding its jurisdiction to hear allegations of breaches of the Profit and Sustainability Rules (PSR). However, the club has indicated its intention to appeal.”
In a statement released on Thursday, the club said: “Leicester City Football Club notes today’s decision from the Premier League Commission. The club is disappointed with this decision, which it believes does not reflect the wording of the Premier League rules, and has lodged an appeal.”
Leicester City Appeal Against Points Deduction Rejected – Set to Start New Season on Negative Points. Author：Sports UEFA.Please indicate the source when reproduced：https://www.sportsuefa.com/football-world/leicester-city-appeal-against-points-deduction-rejected-set-to-start-new-season-on-negative-points.html
