Leicester have been placed under a transfer embargo by the EFL.
had been placed under a transfer embargo amid its ongoing investigation into alleged breaches of its Profit and Sustainability rules .The Foxes, who are currently second in the Championship and on course for promotion back to the Premier League, have been referred to an independent commission for breaching PSR and failing to submit audited finances.Leicester have now issued a response to both the Premier League and EFL's investigations into the club's finances.
"While LCFC would prefer the proceedings to be in public, so its supporters and the wider world can be informed about the important issues of football governance that will be considered, the relevant rules require that these proceedings are conducted confidentially, and LCFC will therefore not be able to comment further about them at this stage.
"If the charges are proven, then I think there's a very high chance of that," football finance expert Kieran Maguire"That is assuming that they have gone over the limit. We have seen in respect of Nottingham Forest that the ruling appears to be that you will get a three-point deduction for breaching the rules and then there is the sliding scale of how much extra you have gone over the limit.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Leicester will face financial charges – but will the EFL or Premier League punish them?Leicester are now playing the waiting game as they face charges for breaching financial rules last season and potentially in this one too
Weiterlesen »
Premier League clubs fail to reach EFL funding dealA meeting between Premier League clubs on Monday ends without an agreement over a 'New Deal' for EFL funding.
Weiterlesen »
Stan Collymore slams 'greed' as Premier League clubs shoot down £900m EFL dealLatest Nottingham Forest news from NottinghamshireLive as former Trent End hero slams club for failing to back pyramid payments - with Aston Villa and Liverpool also feeling his wrath
Weiterlesen »
New football regulator update amid Premier League and EFL funding rowThe independent regulator will have the power to settle the ongoing row over financial distribution between the Premier League and the EFL
Weiterlesen »
Independent regulator given power to settle Premier League and EFL funding rowThe independent regulator will have the power to settle the ongoing row over financial distribution between the Premier League and the EFL
Weiterlesen »
Football Governance Bill explained and what it means for Premier League and EFLThe Football Governance Bill, the legislation which will underpin the creation of a new regulator which will license clubs in the top five tiers of English football, will be brought before Parliament on Tuesday
Weiterlesen »