British media: Leicester City violates PSR for more than 17 million pounds and may face 12 points deductions next season

May 30th newsnews reported that if Leicester City is confirmed to violate the Profit and Sustainability Rules (PSR), it will face at least 12 points deductions in the English Championship next season.

The allegations issued by the Premier League last week said that the Blue Fox violated more than £17 million in the 2021-2024 reporting cycle, which could result in heavy fines for the club. Leicester City's last season in the three-year reporting period was in the Championship. The Independent Commission is expected to handle the case under the EFL's sanctions guidelines, rather than following the Premier League precedent in the Everton and Nottingham Forest cases.

EFL stipulates that 12 points should be deducted for PSR violations, and if the amount of violation is less than £15 million, it will be reduced proportionally. According to regulations, if the amount of violation is less than £2 million, 9 points will be returned; if the amount of violation is between £12 million and £15 million, the deduction will be reduced to 3 points. Due to the high level of spending in Leicester City, these relief measures will not apply to them.

In addition, the Premier League is expected to require more deductions due to aggravation factors. Leicester City is also accused of failing to submit annual accounts to the Premier League by December 31, 2024 and failing to provide complete, comprehensive and timely assistance to Premier League inquiries. The EFL introduced formal sanctions guidelines in 2018, following several financial cases involving Birmingham City and Derby County. Xie was deducted 12 points on Wednesday for a £18 million violation two years later. The club successfully reduced the penalty to 6 points after appealing, citing that they had received verbal consent from the FA to sell Hillsborough Stadium to owner Dejphon Chansiri for £60 million, but was later blocked.

Last season, Everton and Nottingham Forest were deducted 6 points and 4 points by the Independent Commission, but the EFL's sanctions guide was more stringent than the informal fines standard in the Premier League, which started with three points at the beginning of the violation.