Leicester have won an appeal against a decision that could have led to a points deduction for an alleged breach of Premier League Profit and Sustainability (PSR) rules.
An independent panel found the Premier League did not have the jurisdiction to punish the club.
The Premier League said it was “surprised and disappointed” by the panel’s decision.
Leicester said they have “simply sought to ensure that the rules are applied based on how they are actually written”.
The Foxes were charged by the Premier League for breaching spending rules. They appealed against this charge but an independent commission then ruled the top flight could take action.
Leicester then appealed against that decision – based on the fact they were in the English Football League (EFL) at the time the charge was issued – and the outcome was announced on Tuesday.
Under PSR rules, clubs can not lose more than £105m over a three-season period.
Nottingham Forest and Everton both received points deductions last season after being found to have breached PSR rules.
More to follow.
More to follow.