Leicester City Faces Premier League Charges Over Spending Violations

Leicester City is facing charges from the Premier League for allegedly violating spending regulations over the past three seasons in the top flight. The club is accused of breaching profit and sustainability rules and failing to submit audited finances. Potential consequences could include a points deduction. Leicester, currently in the Championship, expressed surprise and disappointment at the timing of the charges, considering their relegation from the Premier League last season. 

They intend to defend themselves against any unlawful actions by football authorities. The club has not publicly disclosed its accounts for the last Premier League season but reported significant losses in previous years. Other clubs like Everton and Nottingham Forest have faced similar charges with Nottingham Forest recently receiving a four points deduction. 

Leicester is also under investigation by the English Football League for possible breaches of profit and sustainability rules in the ongoing season. The club asserts its commitment to financial regulations, despite past disputes such as a settlement with the EFL in 2018.