Leicester's Appeal Over Alleged Financial Breach Successful

The Premier League has announced that the appeal board's ruling indicates that despite the club's membership in the League from seasons 2019/20 to 2022/23, the League is unable to penalize the club for exceeding the relevant PSR threshold during the specified accounting periods.

Leicester welcomed the decision, adding the verdict supported their "consistently stated position that any action against the club should be pursued in accordance with the applicable rules".

The club, shock Premier League champions in 2016, could have faced a points deduction had they been found to have breached the financial rules.

After a campaign in the Championship, Leicester returned to the Premier League this season. They have drawn one and lost two of their opening three fixtures.

Both Nottingham Forest and Everton were given points deductions last season for breaching PSR rules.

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Premier League champions Manchester City were charged early last year over 115 alleged breaches of regulations and financial rules. City strongly deny the charges.

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(This story has not been edited by staff and is auto-generated from a syndicated feed.)