Leicester City facing 拢880k fine for fixing replica kit prices
The CMA has fined the club for colluding to fix the price of replica football kits.
Leicester City faces a fine of up to 拢880,000 for colluding to fix the price of replica football kits, the UK's competition regulator has said.
The Competition and Markets Authority (CMA) said the club and retailer JD Sports had admitted to anti-competitive behaviour, including "price fixing conduct".
It said both broke competition law between 2018 and 2021 with an illegal deal on clothing sales.
The club has accepted the CMA findings.
The 2015-16 Premier League champions, and their parent companies, have subsequently agreed to pay a fine up to the maximum penalty of 拢880,000, the CMA said. JD Sports will avoid a fine after reporting the illegal activity.
The club stressed none of its current directors or senior management were involved in the arrangements. "These arrangements related to a limited number of bulk orders by JD Sports, which were accepted by the club's retail sales team over the relevant period," it said in a statement.
JD Sports also said no current or former directors or senior management of JD were involved in the offending conduct and that it signed a leniency agreement with the CMA last month.
大象传媒 Radio Leicester spoke to Michael Grenfell from the CMA, and Football Finance Expert Kieran Maguire explains to Owynn Palmer Atkin the impact this could have on the club.
Duration:
This clip is from
More clips from Owynn Palmer-Atkin sits in (06/07/2023)
-
Leicester City shopping arcade could be bulldozed under plans
Duration: 05:57
-
British number one Katie Boulter through to Wimbledon 2nd round
Duration: 04:14
More clips from Ady Dayman
-
Hindus celebrate New Year
Duration: 04:24
-
Teacher crowned best Wedding DJ!
Duration: 05:31
-
Hinckley Veteran heads to Cenotaph
Duration: 03:30
-
Leicester City inspire Active Women
Duration: 03:44