Leicester are set to be charged by the Premier League over alleged breaches of its financial regulations, the PA news agency understands.
The club could be charged as early as next week.
Clubs are not permitted to exceed losses of £105million over the assessment period ending 2022-23 under the league’s profitability and sustainability rules (PSR).
The Foxes, who are currently top of the Championship, are set to publish audited accounts covering last season at some point this month and were required to also submit these to the Premier League.
Leicester’s relegation last May meant they had lost their Premier League share prior to the league’s annual general meeting last June. They were therefore not subject to the new standard directions for PSR agreed at that meeting. It was under those standard directions that PSR complaints were laid against Everton and Nottingham Forest in January.
The aim of the standard directions is for all complaint processes to be finished, inclusive of appeal outcomes, before June 1, when promoted teams gain their Premier League shares.
However, even under the old rules, the Premier League could push for an expedited hearing to have Leicester’s case concluded before the end of this season should they be charged, as they did in March last year after Everton were charged with a PSR breach concerning the period ending 2021-22.
The independent commission in that case rejected the Premier League’s request, deciding it would be “unrealistic” to expect the proceedings and any appeal to be determined in the current season.
It further stated that to compel Everton to attempt to meet such a timetable would run the risk of procedural unfairness. The case was ultimately heard last October, with the initial 10-point sanction handed down the following month.
If the commission reached a similar decision regarding Leicester, it would mean the club could seal promotion back to the Premier League and only be sanctioned once in the top flight.
Any club relegated from the Premier League from this season onwards will be subject to the standard directions signed off last June.
Leicester recorded losses of £92.5million for the year ending May 31, 2022.
The EFL’s independent club financial reporting unit (CFRU) concluded in November that Leicester were forecasting to breach EFL Profitability and Sustainability (P&S) loss limits for the three-year period ending with financial year 2023-24.
The CFRU determined the club should submit a business plan to demonstrate how it planned to comply with P&S rules, but an independent panel found Leicester was under no obligation to submit and agree to a business plan.
The club issued a statement on Wednesday welcoming the panel finding, and added: “Leicester City confirms it is in discussions with the football authorities regarding its profitability and sustainability calculations.
“Notwithstanding the CFRP’s decision, the club remains committed to seeking an appropriate overall outcome in this matter.”
Former Soca Warrior Hislop endorses Edwards to steer TTFA back to glory days; hopes to see T&T at World Cup
With the Trinidad and Tobago Football Association (TTFA) now back to regular proceedings, former Soca Warriors goalkeeper Shaka Hislop is optimistic that it will bring with it good fortunes that will see the twin island republic qualifying for another FIFA Men’s World Cup.
Hislop’s sentiments came during an endorsement of recently-elected TTFA president Kieron Edwards, who he believes is best suited to steer the country’s football and finances back on track, as he foresees a bright future for football.
In fact, Hislop, who was Trinidad and Tobago’s custodian at the 2006 FIFA World Cup, expressed delight that the association is no longer under the thumb of the Normalisation Committee, which was installed by FIFA in 2020.
The Normalisation Committee had a mandate to manage the daily affairs of the TTFA, establish a repayment plan for the debt-riddled organisation, review and amend its statutes –and other regulations, where necessary – and ensure compliance with the statutes and rules of the world governing football body.
“I was very critical of the Normalisation process, and I remain so. I felt our football needed to be in our hands. We needed to chart our own path and answer to our own stakeholders. And now with President Edwards in place, we have that,” Hislop said during Grenada’s 100 Years in Football Legends Match in the Spice Isle recently.
“We have that opportunity again to do that. It’s a big opportunity for us to maybe try to rediscover a lot of our game, and our football, and what it means to us. Both in terms of our performances on the park and in terms of how we provide those opportunities and platforms that I did, and I was able to enjoy when I was a kid coming through,” he added.
Having benefitted immensely from a decorated career with the Soca Warriors, Hislop is now hoping to return the favour by assisting aspiring players to chart the course towards a successful career of their own.
“T&T as a country, T&T football as a sport, has given me an awful lot, more than I could ever repay for, and more than I think many people recognize. And that will always be my focus, how can I support young men and women who are trying to find their way in the sport,” he declared.
That said, Hislop pointed out that the chances of Trinidad and Tobago making another appearance at the global showpiece remains highly possible, but it will require the right mentality and financial backing to achieve the feat.
Trinidad and Tobago enjoyed a fairly successful 2023 Concacaf Nations League campaign in which they made the quarterfinals and secured an historic win over United States.
Angus Eve’s side missed out on Copa America qualification, but they have a grand opportunity to possibly secure a spot at the 2026 World Cup, especially with the confederation’s powerhouse teams –Mexico, United States and Canada –securing automatic qualification as hosts, and as such, will be absent from the upcoming qualifiers.
“If they stick with it, if they are given the right tools, if they’re given the right coaching, provided the right mentors and the right opportunities, I’m sure the game will give back to them in an enriching way as it did to me,” said Hislop.
“My dying dream is to see T&T qualify for a World Cup so I can go there as a fan. I was to go and experience T&T playing in a World Cup, purely as a fan. I’m hopeful that I’ll see that,” he ended.
Ancelotti excited by Guler potential after Madrid teenager's goal at Granada
Arda Guler was once again on target for Real Madrid against Granada and an excited Carlo Ancelotti believes Los Blancos can expect more to come from the teenager.
Chances to impress in a first-team environment have been limited for Guler, who chose Madrid over Barcelona to join from Fenerbahce last July, owing to the quality of Vinicius Junior and Rodrygo.
Yet the Turkey youngster has scored twice in his last three LaLiga starts, finding the net in Saturday's 4-0 thrashing of Granada after also striking against Real Sociedad on April 26.
"We still don't know what his potential is because he is very young," the Madrid head coach said of Guler.
"But he is showing incredible talent, he is very effective in front of goal and has speed.
"I don't know what his ceiling is, today it is difficult to say, but he has natural talent and he's doing very well."
Brahim Diaz has also had to settle for a backup role in the Spanish capital but scored twice in the hammering of Granada, as well as a goal for Fran Garcia.
Ancelotti heaped praise on his much-changed Madrid side as the newly-crowned LaLiga champions impressed after reaching the Champions League final in midweek with their win over Bayern Munich.
"Well… it's hard to say who surprised me the most," Ancelotti said after resting the likes of Jude Bellingham, Vinicius and Rodrygo in 10 changes for Saturday's victory.
"Among those who returned, Brahim earned an important role, but I don't want to forget Joselu or Fran Garcia, who arrived this year and did really well.
"Fran in the first period and the others, in terms of goals, were fundamental to having this level at this moment of the season."
Madrid host Alaves and Real Betis either side of a trip to Villarreal to end their league season, before the Champions League final with Borussia Dortmund on June 1 at Wembley Stadium.
Pioli lauds Milan determination after snapping winless run with Cagliari triumph
Milan head coach Stefano Pioli has come under scrutiny in recent weeks but lauded his side's determination after snapping their four-game winless run in Serie A on Saturday.
The Rossoneri hammered Cagliari 5-1 as Christian Pulisic was twice on target, along with goals from Rafael Leao, Tijjani Reijnders and Ismael Bennacer at San Siro.
That victory marked their first in the league since April 6 against Lecce and also ended a six-game winless run across all competitions.
Milan have already watched fierce rivals Inter lift the title but secured second place in the table after moving seven points clear of Bologna with two games remaining.
Despite a frustrating, stop-start season, Pioli was at least satisfied to see his team respond to their concerning run of form.
"It was very important to return to winning ways, we were not used to being so long without victories. We suffered this situation, well done to the guys for their determination," coach Pioli told Sky Sport.
"No team has managed to maintain the level of Inter and we were not able to have continuity to stick with them.
"Ours is a strong team, but one that failed to overcome decisive moments at a certain time during the season."
Nahitan Nandez pulled a goal back in the 63rd for Cagliari, who remain in 15th place with 33 points, three points above the relegation zone.
"It hurts to have conceded five goals, in the first half we did well defensively, but we were timid," Cagliari coach Claudio Ranieri said.
"Coming here to San Siro against an angry Milan side after the last results was difficult ... the last two matches will determine whether it will be salvation or relegation.
"Now we cancel everything and think about the next ones."
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