Leicester City now find themselves perilously close to dropping into the third tier of English football, just over a decade after their remarkable Premier League triumph, following a six-point deduction for breaches of financial regulations announced on Thursday.
The Foxes, who were relegated from the top flight last season, have slipped from 17th to 20th in the Championship as a result of the sanction, leaving them above the relegation zone only on goal difference. The deduction comes at a time of mounting uncertainty at the club, which has struggled for form and stability since returning to the second tier.
An independent commission concluded that Leicester had exceeded the permitted limits under the profit and sustainability rules over the three-year period up to the 2023/24 season—the season in which they won promotion from the Championship—by nearly £21 million ($29 million). Over the same three-year span, the club recorded total losses in excess of £200 million, underscoring the scale of their financial challenges.
In a statement responding to the ruling, Leicester described the punishment as “disproportionate,” arguing that the mitigating factors they had presented had not been given sufficient weight. The club added: “We remain committed to engaging constructively and ensuring that any action is fair, proportionate and determined through the appropriate processes.”
On the pitch, Leicester are currently without a permanent manager following the departure of Marti Cifuentes last month. The team has also failed to secure a victory in its last four Championship fixtures, compounding concerns about their survival prospects.
Leicester’s recent struggles stand in stark contrast to their extraordinary achievements in the past decade. In the 2015/16 season, the club famously won the Premier League despite beginning the campaign as 5,000-1 outsiders, defying all expectations. They also secured their first FA Cup triumph in 2021, only to be relegated from the Premier League in 2023. After bouncing straight back to the top flight under Enzo Maresca, they endured another difficult season, winning just six of 38 games before suffering relegation once more.
The table below summarises Leicester City’s league performance and financial record over the last three seasons:
| Season | League | Wins/Matches | Financial Loss (£ million) | Profit & Sustainability Breach (£ million) |
|---|---|---|---|---|
| 2021/22 | Championship | 21/46 | 70 | 7 |
| 2022/23 | Premier League | 6/38 | 85 | 8 |
| 2023/24 | Championship | 26/46 | 50 | 6 |
With the six-point deduction, Leicester City now face a precarious battle to avoid a dramatic fall into League One, marking a humbling chapter in the club’s otherwise extraordinary recent history. Their supporters will be hoping that the team can stabilise both on and off the pitch before the season reaches its decisive stages.