Apparently they've paid up.... Leicester City have agreed to pay the Football League £3.1m to settle the league’s long-running claim that the club breached financial fair play rules when they made a £21m loss in their 2013-14 season. Leicester won promotion from the Championship that season after their owner, Vichai Srivaddhanaprabha, who owns Thailand’s duty-free company King Power, had invested more than £100m since his 2010 takeover, and subsequently they won their unlikely Premier League title in 2016. , a company run by the son of the former Premier League chairman Sir Dave Richards. That deal, under which Trestellar sold the sponsorship of the club’s shirt and stadium back to King Power, is understood to have been under investigation by the EFL when considering whether Leicester breached the rules. The EFL and Leicester announced the £3.1m settlement in identical statements, which gave little detail about the issues considered. The statements made clear that: “In reaching the settlement, the EFL acknowledges that the club did not make any deliberate attempt to infringe the rules or to deceive and that the dispute arose out of genuine differences of interpretation of the rules between the parties.”
Yeah they certainly exploited a loophole shall we say, instead of 'cheating'. But it wasn't right and they were very lucky to get away with it. Did QP.Rangers do something similar, when they won promotion with Colin ?. We on the other hand spent about twenty quid too much, and got a severe warning lol.
I wanted Leicester to stay up, but purely because away days at Leeds and Everton would be mint for us next year.
There's plenty of clubs that could have that accusation levelled at them. Including us most seasons we're in the Championship.