The Premier League has charged Leicester City over an alleged breach of the league’s Profitability and Sustainability Rules (PSR).

Leicester – currently second in the Sky Bet Championship on goal difference, but with a game in hand on leaders Leeds – could face a points deduction, but not this season, if found to have broken the financial regulations.

Sky Sports reported on Tuesday that Leicester’s accounts covering last season – which will be made public later this month – are expected to show they exceeded the £105million pounds losses permitted over the previous three seasons.

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