In a statement released on Wednesday, the EFL said that Leicester “did not make any deliberate attempt to infringe the rules or to deceive”, with the dispute arising from the rules being interpreted differently.
Leicester won the Championship title in the 2013-14 season as Nigel Pearson’s side totalled 102 points from 46 games.
Proceedings in the FFP case were stayed pending the outcome of a legal challenge by Queens Park Rangers against those rules.
The challenge from QPR – who finished fourth that season before earning promotion through the play-offs – is still ongoing.
An EFL statement said: “In reaching a 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.
“All relevant matters were taken into account when determining the quantum of the settlement.
“The agreed settlement of £3,100,000 (A$5.5 million) is in full and final settlement of all and any claims by the EFL against the club and its officers, in respect of the FFP Regulations for season 2013/14.
“No further details with regards to the settlement will be released.”
Leicester were deemed to have breached EFL FFP Rules in the 2013-14 season and have paid the English Football League £3.1million to settle a Financial Fair Play dispute.
The Foxes were deemed to have breached the EFL’s Championship FFP Rules during the 2013-14 season.
But the EFL said, in a statement released on Wednesday, that Leicester “did not make any deliberate attempt to infringe the rules or to deceive”, with the dispute arising from the rules being interpreted differently.
Soccer – Sky Bet Championship – Leicester City v Doncaster Rovers – King Power Stadium
Leicester won the Championship title in the 2013-14 season as Nigel Pearson’s side totalled 102 points from 46 games.
Proceedings in the FFP case were stayed pending the outcome of a legal challenge by Queens Park Rangersagainst those rules.
The challenge from QPR – who finished fourth that season before earning promotion through the play-offs – is still ongoing.
An EFL statement said: “In reaching a 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.
“The agreed settlement of £3,100,000 is in full and final settlement of all and any claims by the EFL against the club and its officers, in respect of the FFP Regulations for season 2013/14.
“No further details with regards to the settlement will be released.”
