Leicester City pay £3.1 million to English Football League to settle Financial Fair Play dispute

The EFL governs the three divisions below the Premier League and Leicester were deemed to have breached their FFP rules when they won the 2013/14 second-tier Championship title

AFP February 22, 2018 12:47:15 IST
Leicester City pay £3.1 million to English Football League to settle Financial Fair Play dispute

London: Leicester City have paid the English Football League £3.1 million to settle a Financial Fair Play dispute, it was announced Wednesday.

The EFL governs the three divisions below the Premier League and Leicester were deemed to have breached their FFP rules when they won the 2013/14 second-tier Championship title, thereby gaining automatic promotion to the top flight.

Leicester City pay 31 million to English Football League to settle Financial Fair Play dispute

Representational Image. Reuters

But the EFL have now said Leicester "did not make any deliberate attempt to infringe the rules or to deceive", with problems arising from differing interpretations of the rules.

Queens Park Rangers, who finished fourth that season before being promoted to the Premier League via the playoffs, launched a legal challenge against the EFL's rules that is still ongoing.

"In reaching a settlement, the EFL acknowledges that the club (Leicester) did not make any deliberate attempt to infringe the rules or to deceive and that the dispute arose out of genuine differences of interpretation of the rules between the parties," said a Football League statement.

"All relevant matters were taken into account when determining the quantum of the settlement.

"The agreed settlement of £3,100,000 is in full and final settlement of all and any claims by the EFL against the club and its officers, in respect of the FFP Regulations for season 2013/14."

Financial Fair Play rules, now in force across a number of leagues and European competitions, are designed to stop clubs bankrupting themselves in pursuit of success and also to ensure that teams are not penalised unduly for sound financial management.

Updated Date:

also read

Premier League: Ronaldo double sinks Newcastle on Manchester United return, Arsenal open account
Sports

Premier League: Ronaldo double sinks Newcastle on Manchester United return, Arsenal open account

United were made to work harder than expected for the three points, but were able to rely on Ronaldo's predatory instincts to strike twice either side of Javier Manquillo's well-worked equaliser.

FIFA set for talks with clubs, leagues, player unions on biennial World Cup
Sports

FIFA set for talks with clubs, leagues, player unions on biennial World Cup

A "new phase of consultation" will start with organisations representing players, clubs, leagues and the six continental governing bodies, FIFA said Monday in a statement.

Women's European Championship cash doubles, massive gender gap remains
Sports

Women's European Championship cash doubles, massive gender gap remains

The 16 teams in the women's competition next year will share 16 million euros ($19 million), while 4.5 million euros ($5 million) will go to clubs who release their players.