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Leicester City has been formally charged by the Premier League for alleged breaches of its Profit and Sustainability Rules (PSR), including failing to submit their audited financial accounts to the League. The charges relate to spending rules violations over the last three seasons while the club was in the top flight. Leicester City expressed surprise and disappointment at the charges, emphasizing their efforts to engage constructively with the Premier League. The club is also considering legal action over the charges, particularly challenging the Premier League's jurisdiction, as they are currently playing in the second tier, citing 'jurisdiction' concerns due to their status in the EFL. A points deduction is likely next season as a consequence of these charges.
