Leicester City penalized six points for financial regulations violation, fall to last place in Championship.

Leicester City, a team in the Championship, has received a six-point deduction after being found in violation of the EFL’s profit and sustainability (P&S) regulations for the 2023/24 season, as announced by the EFL.

“The EFL Board convened to review the decision and concluded that the penalty should be enforced on the Championship standings immediately,” the governing body stated in a release.

Having been relegated from the Premier League last season, Leicester is currently without a manager following the dismissal of Marti Cifuentes in January, after a tenure of only six months.

An independent commission proposed the penalty, which was approved by the EFL board on Thursday.

This commission was established under Premier League regulations last May, after an arbitration tribunal determined that the authority to investigate alleged violations of EFL rules could shift to the Premier League following the Foxes’ promotion to the top division in 2024.

The commission found that the club exceeded the applicable P&S limit by £20.8 million ($28.4m) during the three-year evaluation period concluding in 2023-24.

Additionally, the commission identified that the Foxes had violated Premier League regulations by not submitting their annual financial statements to the league when requested.

Information from PA contributed to this report.