Leicester City's fate hangs precariously in the balance after being handed a six-point deduction by the Premier League for breaching financial rules. The independent disciplinary commission's verdict has left the Foxes teetering on the edge of relegation, with their slim chance of escaping the drop now hanging by a thread.
The punishment is a crushing blow to a club that was already reeling from a dismal run of form. Leicester have lost three of their last four league matches and are struggling to find consistency under the interim management of Andy King. The news has also cast a shadow over the club's attempts to establish a new leadership structure, with technical director appointments and a new chief executive on the horizon.
The six-point deduction is seen as disproportionate by Leicester, who maintain that they have been "constructively engaged" throughout the process. However, the Premier League argues that the commission's recommendation was based on a thorough examination of the club's financial records, which revealed Β£20.8 million in losses over the three-year period.
Leicester's plight is further complicated by their failure to submit their annual accounts on time, which led to another charge being brought against them. The club's improving financial position across the period was taken into account during the hearing, but ultimately did not mitigate the severity of the punishment.
The Foxes now find themselves in 20th place in the Championship, level with West Bromwich Albion and Blackburn in the final relegation spot. With their future uncertain, Leicester can only hope that they are able to overcome their current struggles and avoid a demotion back to the lower division.
The punishment is a crushing blow to a club that was already reeling from a dismal run of form. Leicester have lost three of their last four league matches and are struggling to find consistency under the interim management of Andy King. The news has also cast a shadow over the club's attempts to establish a new leadership structure, with technical director appointments and a new chief executive on the horizon.
The six-point deduction is seen as disproportionate by Leicester, who maintain that they have been "constructively engaged" throughout the process. However, the Premier League argues that the commission's recommendation was based on a thorough examination of the club's financial records, which revealed Β£20.8 million in losses over the three-year period.
Leicester's plight is further complicated by their failure to submit their annual accounts on time, which led to another charge being brought against them. The club's improving financial position across the period was taken into account during the hearing, but ultimately did not mitigate the severity of the punishment.
The Foxes now find themselves in 20th place in the Championship, level with West Bromwich Albion and Blackburn in the final relegation spot. With their future uncertain, Leicester can only hope that they are able to overcome their current struggles and avoid a demotion back to the lower division.