What's happened
Leicester City has successfully appealed against a potential points deduction for breaching the Premier League's Profit and Sustainability Rules. The appeal board ruled that Leicester's accounting period ended after their relegation, placing them outside the league's jurisdiction. The Premier League expressed disappointment at the decision, highlighting flaws in its enforcement of regulations.
Why it matters
What the papers say
According to The Independent, Leicester City’s successful appeal has sparked 'fury within the top two divisions of English football,' highlighting a perceived failure in the Premier League's regulatory framework. The Premier League itself stated it was 'surprised and disappointed' by the appeal board's decision, which they believe undermines the enforcement of financial rules. In contrast, Leicester emphasized that the ruling supports their position that actions should align with the written rules, as noted in their official statement. This divergence in perspectives illustrates the ongoing tension between clubs and the league regarding financial governance.
How we got here
Leicester City was charged with exceeding the £105 million loss limit over three seasons. However, a change in their financial year led to a ruling that the Premier League could not impose penalties for the period in question, as the club was no longer a member when the accounting period ended.
Common question
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What are the latest updates in football and cricket for September 2024?
As the sports world heats up in September 2024, fans are eager to know the latest developments in football and cricket. From Northern Ireland's Nations League opener to Leicester City's successful appeal against a points deduction, and Scotland's T20 series against Australia, there's plenty to discuss. Here are some key questions and answers to keep you informed.
More on these topics
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The Premier League, often referred to as the English Premier League or the EPL outside England, is the top level of the English football league system.
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Leicester City Football Club is an English professional football club based in Leicester in the East Midlands. The club competes in the Premier League, the top division of England's football league system, and plays its home matches at the King Power Stad