EPL: Leicester City wins appeal against points deduction.

Leicester City received a significant boost after it was announced that they would not be punished points for allegedly violating financial restrictions.

The Foxes were charged with violating the Premier League Profit and Sustainability Rules, or PSR, for the fiscal year 2022-23, following which they were relegated from the top division to the Championship.

The Premier League stated that their finances showed they had "exceeded the permitted £105 million threshold" for that year and sent the matter to an independent committee.

Leicester filed an appeal challenging the commission's right to hear the matter, which was dismissed.

However, their appeal against that verdict was upheld by an independent appeal board, which determined that the time under review ended after the season, and so the club was no longer a member of the Premier League.

It continued: "The Commission considers that, in practice, it is impossible to determine the precise point in time at which LCFC allegedly exceeded the cumulative adjusted loss threshold of £105m because the PSR calculation is determined across a three-year period up to, and including, the end of a club's financial year for the Accounting Reference Period in which the PSR Calculation is made."