Leicester agree to pay £3.1m to the EFL over Financial Fair Play disputeLeicester have agreed to pay the EFL £3.1m in order to settle a dispute over their financial results in the 2013-14 seasonLeicester have agreed to pay £3.1m to the EFL in order to settle a Financial Fair Play dispute incurred during the 2013-14 season. The Foxes are deemed to have broken the EFL's financial rules after exceeding the permitted £8m loss in their Premier League-winning campaign but vowed to legally challenge the charge after claiming £13m of the £20.8m deficit was "allowable". The EFL has confirmed it has now reached a settlement with Leicester, and acknowledged the club "did not make any deliberate attempt" to break the FFP rules and instead misinterpreted them. A statement released on Wednesday read: "The EFL and the club have reached an agreement to settle a dispute between them arising out of the Financial Results of the club in 2013/14. "The club was deemed to have breached the EFL's Championship Financial Fair Play Rules ("the Rules") at the time, but proceedings were stayed pending the outcome of a legal challenge by Queens Park Rangers against those Rules.

Source: Sky sports February 21, 2018 15:34 UTC