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Championship side Leicester City have been deducted six points after being found to have breached the EFL’s profit and sustainability (P&S) rules for the 2023/24 season, the EFL has announced.
“The EFL Board has met to consider the decision and determined that the sanction should be applied to the Championship table with immediate effect,” the governing body said in a statement.
Leicester were relegated from the top-flight last season and are currently without a manager with previous boss Marti Cifuentes sacked in January after just six months in charge.
An independent commission recommended the sanction, which was ratified by the EFL board on Thursday.
The commission was appointed under Premier League rules last May, after an arbitration tribunal ruled jurisdiction to investigate alleged breaches of EFL rules could transfer to the Premier League following the Foxes’ promotion to the top flight in 2024.
The commission determined the club had breached the relevant P&S threshold by £20.8 million ($28.4m) over the three-year assessment period ending 2023-24.
The Foxes were also found by the commission to have breached Premier League rules in failing to provide their annual accounts to the league when requested to do so.
Information from PA contributed to this report.