“The alleged breach relates to the assessment period ending season 2022/23, when the club was a member of the Premier League.

“Leicester City were relegated to the EFL Championship prior to the introduction of the Premier League’s new Standard Directions, which prescribe a timeline within which PSR cases should be heard.

“Therefore, the proceedings will be conducted in accordance with a timetable to be set by the independent Commission, and its final decision will be published on the Premier League’s website.”

Leicester were relegated last season, two years after winning the FA Cup and achieving the second of successive fifth-placed finishes. 

The Championship promotion chasers also face potential punishment from the English Football League ­relating to the period that includes this ­season.

 If found guilty, that could be a fine or a points penalty. 

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