The club have been referred to an independent commission to review alleged breaches of financial rules in the 2023-24 campaign, when the Foxes were playing in the Championship. It was thought the Foxes would avoid punishment from the Premier League because they were not in the top-flight at the time of the offences, but an Arbitration Tribunal ruled that they could be investigated after "the EFL validly transferred responsibility for its investigation to the Premier League in June 2024, when the club was promoted from the Championship".