Waving flag with Leicester City FC football club logo. Editorial 3D
“This responsibility that I continue to live is one of the greatest responsibilities in my life and I will continue to put everything into it – my passion, that of my family and the entire King Power community.
Those were the words Leicester City owner Aiyawatt Srivaddhanaprabha wrote in his message to supporters following last season’s relegation. Since then, things had been much rosier because of the decisions from the hierarchy, but that optimism came to a sudden halt this week.
On Thursday, the Premier League referred the club to an independent commission for an alleged breach of Profitability & Sustainability Rules (PSR) and failure to submit their financial accounts to the league. Less than 24 hours later, Leicester were placed under a player registration embargo by the EFL.
The club have come out fighting, saying they have issued legal proceedings against the Premier League and EFL. For some, the defensive nature of the statement released shortly after 4pm on Friday was praised, almost to say, ‘You’re defending your honour, well done guys’.
