Leicester City have been docked six points after being found to have breached the EFL’s profit and sustainability rules for the 2023/24 season.
An independent commission recommended the sanction, which was ratified by the EFL board on Thursday, and leaves Leicester outside of the Championship relegation zone only on goal difference, falling from 17th place to 20th.
The Foxes are currently without a manager, having sacked Marti Cifuentes last month.
The commission was appointed under Premier League rules last May, after an arbitration tribunal ruled jurisdiction to investigate alleged breaches of EFL rules could transfer to the Premier League following the Foxes’ promotion to the top flight in 2024.
The commission determined the club had breached the relevant P&S threshold by £20.8m over the three-year assessment period ending 2023/24.
The Foxes were also found by the commission to have breached Premier League rules in failing to provide their annual accounts to the league when requested to do so.
Leicester said in a statement: “It is with disappointment that Leicester City acknowledges the independent commission’s decision and the club will use the time available to consider its next steps.”
