Leicester City Football Club has reported losses of £89.7m for the 2022/23 season, the final year they were in the Premier League. The club is facing charges of breaching Profitability and Sustainability Rules, and the EFL has imposed a transfer embargo. Leicester is taking legal action against the Premier League and EFL. The club could face a harsher punishment if their failure to submit accounts on time is seen as a lack of co-operation.
Leicester have announced losses of £89.7m for the 2022/23 season - the final year they were in the Premier League . It is the period for which they have been charged by the league for allegedly breaching Profitability and Sustainability Rules and come after accounts showed Leicester had made a record £92.5m in losses the previous year. The EFL has subsequently placed the club under a transfer embargo after the PSR charges, with the Foxes currently third in the Championship.
Leicester taking 'urgent' legal action against PL & EFLStream Sky Sports with NOW | Get Sky SportsTransfer Centre LIVE! | Papers - latest headlinesIt is understood Leicester could be hit with a stiffer punishment than the four-point penalty handed out to Nottingham Forest if an independent commission sees their failure to submit their accounts on time as a lack of co-operatio
Leicester Losses Premier League Charges Transfer Embargo Legal Action Punishment Accounts
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