- Leicester are on track to immediately return to the Premier League
- Foxes could face point deduction for potentially violating spending rules
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Football League bosses believe Leicester are at risk of breaching spending rules, putting the club at risk of a potential points deduction in the future.
The Foxes are on course for an immediate return to the Premier League despite a recent wobble, although off-field problems appear to cast a shadow over the rest of their campaign.
Leicester were relegated from the top flight last season but lead the championship heading into the final 10 games of the season.
The club lost £92.5m for the 2021/22 financial year and are due to publish their figures for the 2022/23 financial year at the end of March.
Star midfielder James Maddison was sold to Tottenham for around £40m in June last year.
Enzo Maresca’s Leicester are on track to immediately return to the Premier League
Leicester sold midfielder James Maddison to Tottenham for around £40m last year
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Because they will have spent at least one season in the EFL, Leicester can afford to lose just £83m over a three-year period, rather than the £105m allowed to Premier League clubs.
The EFL was concerned enough about Leicester’s position to ask them to submit a business plan, which Leicester successfully argued was not legitimate as they were a Premier League club during the accounting period under discussion.
The easiest way for Leicester to improve their position for the 23-24 accounting period would be to sell players before June 30.
But after selling Harvey Barnes to Newcastle last July, there are few other assets beyond midfielder Kiernan Dewsbury-Hall that Leicester could sell for a significant fee, although high-earning players Jamie Vardy, Kelechi Iheanacho and Wilfred Ndidi are out. contract in the summer.
A statement from Leicester acknowledged there were issues with profitability and sustainability rules.
It said: “Leicester City confirms that it is in discussions with the football authorities regarding its profitability and sustainability calculations. Despite the CFRP’s decision, the club remains committed to seeking an appropriate overall outcome in this matter.”