Leicester City Penalized: Financial Breach Sparks Controversy

Leicester City's financial indiscretion resulted in a six-point deduction in the Championship for the 2023-24 season. The penalty was imposed after breaching English Football League’s profit and sustainability thresholds by £20.8 million. Leicester disputes the decision, arguing the punishment is excessive considering mitigating circumstances.

Leicester City, a former Premier League champion, has been penalized six points in the Championship league due to financial rule breaches, the English Football League announced on Thursday.

The club was found to have exceeded the EFL's profit and sustainability limits by £20.8 million across a three-year span concluding in the 2023-24 season, when it achieved promotion to the Premier League.

An independent commission recommended the sanction, which was corroborated by the EFL board. Leicester contends that the decision is disproportionate and is evaluating its options moving forward.

(With inputs from agencies.)