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Leicester City faces the possibility of starting the new Premier League season on minus points due to potential breaches of the EFL's profit and sustainability regulations. The club is under scrutiny for allegedly exploiting a loophole in the financial rules, which the EFL is now planning to amend to close this loophole. This situation puts Leicester under huge pressure to conduct player sales to raise significant funds before the end of June to avoid breaching the Profit and Sustainability Rules (PSR), with the 22/23 figures being a key point of concern. The club's financial management has drawn criticism, with comparisons made to the spending habits of the Premier League's 'big six'. Despite aiming for a return to the Premier League, Leicester could be forced to sell key players even if they achieve promotion. The EFL has previously engaged in a financial fair play dispute with Leicester, and the current investigation, which has seen the EFL unit acting outside its powers and focusing on the spirit of the law, could lead to further complications for the club, despite the letter of the law favoring Leicester in past disputes.
How Leicester used little-known loophole to avoid points deduction… but could still face punishment next season https://t.co/CZTYTzou7b https://t.co/CZTYTzou7b
Championship leaders Leicester City are likely to have to sell players to avoid a points deduction next season after the club was warned that they face breaching financial rules Read more 🔽 https://t.co/y3lDumaYkj
I don’t think we’ve heard the last of this #LCFC Leicester remain at risk of financial rule breach despite EFL ruling https://t.co/zC2zbFcNuK
Does the EFL “keep receipts”? Having settled a long FFP row with Leicester City in 2018, it was perhaps a little too eager for a new one this season. Its case was based on the spirit of the law, not the letter…& the letter won. But the EFL isn’t done yet. https://t.co/FsZFiqp5a8
Leicester City 'concerned' after EFL unit 'acted outside powers' in finances probe https://t.co/JN6QIHdqi4
Leicester accused of exploiting major loophole as EFL forced to act https://t.co/UBVVwIxq20
Leicester City are charging towards a Premier League return 📈 But the Foxes could be forced to SELL their top stars even if they earn promotion back to the big time 😮 @neil_moxley https://t.co/DsCGmlZDO6 https://t.co/2777w17d24
Leicester at risk of breaching EFL profit and sustainability regulations https://t.co/zvzzaEs0iu
Financial fair play rules here again hitting the big boys where it hurts - Everton, Nottingham Forest, and now Leicester. Meanwhile the big six spend hundreds of millions a year. https://t.co/DbJJvXUzfa
This is a big one. #lcfc face summer of player sales or risk points deduction – even if they are promoted to the Premier League. Club under huge pressure to raise ££ before the end of June to avoid PSR breach. Key point is what 22/23 figures look like https://t.co/BvJPMi86kM
EFL confirm they are planning to change their financial rules, to close a loophole they feel Leicester have exploited in order to avoid being subjected to a strictly-controlled business plan. https://t.co/Hb72OCN6ob
Leicester could start new Premier League season on minus points https://t.co/FI7iFExySw
Leicester City could start Premier League season on minus points https://t.co/FI7iFExySw