Leicester City have been slammed with a six-point deduction after breaching football financial rules, dealing a fresh blow to the struggling former Premier League champions.
The punishment, handed down by the English Football League, takes immediate effect and drags the Foxes from 17th to 20th on the Championship table, leaving them hanging above the relegation zone only by goal difference.
The sanction follows financial breaches linked to Profit and Sustainability Rules covering the period leading up to the 2023/24 season.
Leicester were already battling poor form after their Premier League relegation last season and are currently without a permanent manager following the sack of Marti Cifuentes in January.
Reacting to the decision, the club said they were disappointed, describing the punishment as “disproportionate” and warning it could damage their sporting ambitions this season. Leicester added that they are reviewing the ruling and considering their next line of action.
Under financial rules, Premier League clubs are not allowed to record losses beyond £105 million across three seasons, with adjustments made for time spent outside the top flight.
Leicester’s recent financial records showed heavy losses across multiple seasons, putting them under regulatory pressure.
The Foxes head into their next Championship fixture against Birmingham City under serious pressure, with fears growing that they could suffer back-to-back relegations if results do not improve quickly.
