Foxes issue legal proceedings

Leicester City have issued two legal proceedings against the Premier League and English Football League, in response to the charge for allegedly breaking spending rules during their last three seasons in the top flight.

Leicester have been referred to an independent commission for breaching profit and sustainability rules (PSR) and failing to submit audited finances.

But the Foxes are also subject to a separate financial probe by the EFL. They are under transfer embargo as a result of the proceedings, as per EFL regulations.

In a statement, the EFL said: "Embargoes are intended to operate as a deterrent against clubs defaulting on financial obligations to clubs or players, and/or breaching other key relevant regulations."

Leicester say they have "disputed" this decision and called it "both restrictive and premature".

On the proceedings against the two organisations, Leicester said: "We reaffirm the club’s position that we will continue to fight for the right of Leicester City and all clubs to pursue their ambitions, particularly where these have been reasonably and fairly established through sustained sporting achievement."