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Leicester City could be hit with a stiffer punishment than the four-point penalty handed out to Nottingham Forest if an independent commission sees their failure to submit their accounts on time as a lack of co-operation.

The Premier League has charged Leicester over an alleged breach of the league's Profitability and Sustainability Rules (PSR) and the EFL has subsequently placed the club under a transfer embargo.

Leicester - currently second in the Sky Bet Championship on goal difference, but with a game in hand on leaders Leeds - could face a bigger points deduction than Forest, but not this season, if found to have broken the financial regulations.

However, Leicester could argue that - as a Championship club - the Premier League doesn't have any jurisdiction to require prior sight of those club accounts.

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