Leicester City ‘face starting Championship season with TWELVE-point deduction after alleged £17m in PSR breaches'
The Foxes were relegated back to the Championship last month following a dismal Premier League campaign.
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And they could begin the 2024/25 season in the second tier playing catch-up.
The Premier League issued charges last week alleging a PSR breach of over £17million across a three-year period.
According to the iPaper, Leicester could be hit with a MINIMUM 12-POINT penalty if found guilty.
EFL guidelines state that 12 points should be docked for a PSR breach.
Deductions are then applied on a sliding scale if the breach is less than £15m.
The Prem are reportedly set to argue Leicester be docked more points after failing to submit their accounts on time last December.
A spokesperson said earlier this month: "Following an Arbitration Tribunal's decision concerning jurisdiction, Leicester City FC has now been referred to an independent Commission for alleged breaches."
"The EFL Championship Profit and Sustainability Rules (P&S Rules) for Season 2023/24.
"The club's obligation to provide its Annual Accounts to the Premier League by 31 December 2024.
"And the club's obligation to provide full, complete and prompt assistance to the Premier League in response to the League's inquiries."
Both the Premier League and Leicester declined to comment to the outlet.
Leicester have announced 11 players are leaving the King Power this summer.
Danny Ward, Daniel Iversen and club legend Jamie Vardy are all among those released following the expiry of their respective contracts.
Vardy, 38, has been linked with a shock free transfer to Newcastle.
The former England striker spent 13 years at Leicester, scoring 200 goals in 500 games.
Vardy scored nine Prem goals and provided four assists this season.
Since announcing his departure from the club, he has also been linked with Crystal Palace, Wolves and Wrexham.
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