Leicester's appeal against the Premier League's Profit and Sustainability charge has been rejected by an independent commission.
The commission has ruled the top flight can punish the Foxes for an alleged breach for the three seasons leading up to 2022-23 after they were charged in March.
Leicester appealed against the charge as they were in the English Football League (EFL) at the time it was issued and felt the Premier League had no jurisdiction, having been relegated in 2023, but the commission has ruled English football's top flight can continue pursuing them.
Leicester are appealing against the latest ruling.