Leicester City have been accused by the Premier League of potentially breaking rules about making enough money and being financially stable (PSR).
The Foxes are currently playing in the Championship after being moved down from the top-flight and are in a promotion battle with Leeds and Ipswich.
Like Everton and Nottingham Forest – Leicester might have points taken away from them if they are found guilty – but that wouldn’t happen in the current season.
A Premier League statement said: ‘The Premier League has today (March 21) sent Leicester City FC to an independent Commission for a possible violation of Profitability and Sustainability Rules (PSRs) and for not providing their audited financial accounts to the League.
‘The alleged violation is related to the assessment period ending season 2022/23, when the club was a member of the Premier League.
‘Leicester City were sent down to the EFL Championship before the Premier League’s new Standard Directions were made, which tell when PSR cases should be handled.
‘So, the proceedings will be done following a schedule determined by the independent Commission, and its final decision will be shown on the Premier League’s website.’
Leicester have issued a statement in response saying: ‘Leicester City is surprised at the actions the Premier League has taken today.
‘The club is extremely disappointed that the Premier League has chosen to charge LCFC now, despite the club’s efforts to engage constructively with the Premier League in relation to the matters that are the subject of this charge, even though LCFC is not currently a Premier League club.
‘LCFC remains willing and eager to engage constructively with the Premier League and the EFL to seek the proper resolution of any potential charges, by the right bodies, and at the right time.
‘The club continues to take careful advice about its position and, if necessary, will continue to defend itself from any unlawful acts by the football authorities, should they seek to exercise jurisdiction where they cannot do so, as occurred earlier this year.’
