Leicester City are taking 'urgent' legal action against the Premier League and EFL after being charged with alleged breaches of Profitability and Sustainability rules. It is understood Leicester could be hit with a stiffer punishment than the four-point penalty handed out to Nottingham Forest if an independent commission sees their failure to submit their accounts on time as a lack of co-operation.
The Premier League charged Leicester over an alleged breach of the league's Profitability and Sustainability Rules (PSR) and the EFL has subsequently placed the club under a transfer embargo. Leicester - currently second in the Sky Bet Championship on goal difference, but with a game in hand on leaders Leeds - could face a bigger points deduction than Forest, but not this season, if found to have broken the financial regulations. However, Leicester could argue that - as a Championship club - the Premier League doesn't have any jurisdiction to require prior sight of those club account