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Leicester City pay £3.1m to settle EFL dispute

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Leicester City won the Championship in 2013-14 season and have remained in the Premier League since then

Leicester City will pay the Football League £3.1m after settling a Financial Fair Play (FFP) dispute from the 2013/14 season when the club won the Championship.

The Foxes exceeded the permitted £8m loss when they won promotion.

 

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They posted a loss of £20.8m but said £13m of it was “allowable” as it included promotion and academy costs.

The EFL said that Leicester “did not make any deliberate attempt to infringe the rules or to deceive”.

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It added: “The dispute arose out of genuine differences of interpretation of the rules between the parties.”

READ: Bayern equal longest winning run by thrashing Besiktas

Leicester, who won the Premier League in 2015-16, could have faced a fine equivalent to the amount they exceeded the permitted £8m loss, in their case up to £12.8m.

The Foxes had legally challenged the charge of breaching FFP rules, but proceedings were halted pending the outcome of a legal challenge by Queens Park Rangers in May 2015 that is ongoing.

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Bournemouth were fined £7.6m for breaching FFP rules in their 2014-15 promotion-winning season.

Sides that breach FFP rulings not promoted to the Premier League can face a ban on transfers.

Championship sides Bolton, Fulham and Nottingham Forest were all placed under a transfer embargo after breaching Football League rules in 2014-15.

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