Prince Folorunsho Adegoke is a media professional and journalist with experience in digital, television and print journalism. He covers Nigerian affairs, African development, international relations, housing and economic issues.
Leicester City have been deducted six points by the English Football League (EFL) for breaching financial rules, dropping the Foxes from 17th to 20th in the Championship. They remain just outside the relegation zone on goal difference.
The sanction follows a Premier League charge in May over a Profit and Sustainability Rule (PSR) breach covering the three years up to 2023-24. Leicester, relegated last season, are currently without a permanent manager after Marti Cifuentes’ January departure.
In a statement, the club described the decision as “disproportionate” and said it would review the ruling, emphasizing their commitment to fair and constructive engagement.
Under PSR, Premier League clubs cannot lose more than £105m over three years, with reductions applied for time spent outside the top flight. Leicester posted losses of £19.4m for the year ending June 2024, £89.7m in 2022-23, and a record £92.5m in 2021-22, excluding add-backs for infrastructure and women’s football investments.
Despite the Premier League charges, the EFL handled the case following Leicester’s relegation. The club has gone winless in four Championship matches, with interim head coach Andy King preparing for a clash with Birmingham City.
