AdminThe Premier League have released a statement after their bid to further punish Leicester City was also dismissed.
It was announced on Wednesday afternoon that an appeal board had upheld the six-point deduction City received in February for a breach of Profit and Sustainability Rules (PSR) in the three years ending with 23-24.
It means City now know that their Championship survival bid rests solely on their performances on the pitch, with no points to be earned back by legal means.
But while City’s appeal failed, so did the Premier League’s. The six points City were deducted were based only on calculations of how far beyond the financial loss limit they went, with none for aggravating circumstances.
The Premier League had appeal because they wanted City to be punished for failing to file their accounts on time.
The original commission agreed City did break the rules in not filing on time, but did not deem it worth of a further sanction. The appeal board stood by the original commission.
In a matter-of-fact statement, the Premier League said following the appeal board’s decision:
“An independent commission’s decision to recommend a six-point deduction on Leicester City Football Club this season has been upheld by an independent appeal board.
“The club were found by the commission to have breached the EFL’s Profit and Sustainability Rules (P&S Rules) for the period ending season 2023/24.
“The club appealed that decision on a number of grounds, including the power of the commission to recommend the points deduction, as well as the level of sanction. These were dismissed by the appeal board.
“The appeal board also dismissed a challenge by the Premier League, which was limited to the commission’s decision not to increase the sanction on the club as a result of its breach of the league’s rules regarding the late submission of its annual accounts.”
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