Soccer-Leicester report losses worth 89.7 million pounds in latest account

FILE PHOTO: Soccer Football - Premier League - Leicester City v Southampton - King Power Stadium, Leicester, Britain - January 16, 2021 General view of a corner flag before the match Pool via REUTERS/Rui Vieira/File Photo

(Reuters) - English Championship club Leicester City on Tuesday posted a pre-tax loss of 89.7 million pounds ($112.73 million) for the 2022-23 season, which ended with the East Midlands side being relegated from the Premier League.

Leicester could face a points deduction after the top flight referred them to an independent commission in March over alleged breaches in the league's spending rules. They have issued two legal proceedings against the Premier League and the English Football League (EFL).