Leicester City: club's appeal challenging the Premier League's power to impose sanctions dismissed

"An independent Commission has dismissed a challenge by Leicester City FC (promoted to the Premier League after the 2023-24 season) that it has no jurisdiction to consider an alleged breach of Profitability and Sustainability Rules (PSRs)," announced the English League on 03/07/2024.

The club had initiated "two emergency legal proceedings", one against the Premier League and the other against the English Football League, in March 2024 to challenge its referral, announced the day before by the Premier League, to an independent commission for an alleged breach of the Profitability and Sustainability Rules. LCFC was accused of failing to submit audited accounts for the assessment period up to the end of the 2022-23 season, at the end of which the club was relegated to the Sky Bet Championship. Leicester took the view that, as it was no longer playing in the Premier League in 2023-24, it did not fall within the regulatory scope of the latter, which could not therefore exercise its jurisdiction over the club.

The losses authorised by the Premier League's financial regulations are capped…