Leicester City has lost six points from the English Football League for breaching financial rules.
The deduction will be applied immediately meaning the Foxes fall from 17th to 20th in the Championship and are only outside the relegation zone on goal difference.
It comes after Leicester were charged by the Premier League in May for a profit and sustainability (PSR) breach in the three years up to 2023-24.
Leicester were relegated from the top flight last season and are currently without a permanent manager after Marti Cifuentes was sacked in January.
In a statement Leicester said they were “disappointed” with the decision, branding it “disproportionate”.
“While the commission’s findings significantly reduced the unprecedented scale of the sanction originally sought by the Premier League, the recommendation remains disproportionate and does not adequately reflect the mitigating factors presented, the importance of which cannot be overstated given the potential impact on our sporting ambitions this season,” the statement said.
“We are now reviewing the decision in full and considering the options available to us.
“We remain committed to engaging constructively and ensuring that any action is fair, proportionate and determined through the appropriate processes.”
(BBC Sport)
