Leicester City have confirmed they are legally challenging a Football League charge of breaching Financial Fair Play (FFP) rules in 2014.
It came as the Premier League champions released their financial results for 2015-16 on Thursday and declared a pre-tax profit of £16.4m to 31 May.
City said they were confident the FFP charge would be dropped.
The Foxes exceeded the permitted £8m loss when they won the Championship in the 2013-14 season.
The club posted a loss of £20.8m but said £13m of it was "allowable" as it included costs relating to the club's promotion and academy expenditure.