India, April 10 -- Leicester has lost its bid to overturn a six-point deduction imposed for breaching spending rules.

The ruling keeps Leicester, which defied 5,000-to-1 odds to win the Premier League title a decade ago, one point from safety in the second-tier Championship with five games left in the season.

The deduction was imposed in February after the Foxes were found to have breached the English Football League's financial rules in the 2023-24 season, which saw it promoted to the top flight.

The Premier League said in a statement Wednesday that the sanction "has been upheld by an independent Appeal Board."

Leicester on Monday missed a chance to move out of the relegation zone by settling for a 1-1 draw with last-place Sheffield ...