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Everything posted by coolhandfox
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Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
It's pretty tight without going down the personal insults route; in my opinion, it could go either way. Using The Swiss Ramble data, as he is far better than me, as a starting point for the previous report period ending in 21/22, we were around 1m under FFP limits (See Table 1) * (19/20 and 20/21 are combined and taken as an average due to COVID so its actual a 4 year period rather than 3) For the 22/23, the 19/20 accounts drop out, and then I've made some assumptions/guesses about our income and expenditure for 22/23 and I have us going over by 8m (See Table 2) There are many variables that could nudge us 10m either way, largely down to what we can convince the PL are allowable deductibles. All PL clubs must submit their accounts for the 22/23 season by December 31, 2023. The Premier League has charged Everton and Nottingham Forest with breaching its financial rules based on that submission before they have published their official accounts. So my question is, why haven't we been charged? Is it because we didn't have to do the December 31, 2023 submission because we are no longer a PL club, or are we ok? The short answer is nobody knows other than the club and the PL. -
Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
Our maybe just wait until we have broken the rules and be charged. At the moment all you have is speculation. Forest have been charged, at this moment in time we have not. -
Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
How does that help us meet FFP? -
Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
Dorsett talking rubbish again. -
Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
Rob Dorsett talking total bollocks. You can't make rules up on the fly. It's would have to be documented in the PL and EFL rules. -
Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
How do you know? -
Cricket (None Leicestershire County Cricket Club)
coolhandfox replied to leicsmac's topic in General Football and Sport
Poor again. -
If Ipswich are dropping points it going to be away form home, they put a lot of effort into the Bristol game.
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Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
It's a high end product which is going to be devalued by half the clubs failing FFP. You can't call it the best league in the world if half the clubs can't sign players. -
Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
FFP will change in the summer. -
It's a projection, in other words an estimate, so you can easily change and flex it. From the EFL website: Financial Records EFL Clubs are also required to submit certain financial records to the CFRU at certain points of the year. These submissions include annual accounts (and in the case of the Championship, interim accounts) and future financial information forecasts (or “FFI”). FFI information helps the CFRU understand a Club’s spending plans and how it plans to fund its activity. I would suggested we have refused to do that bit in bold.
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EFL would have base the assessment on our 22/23 account which are bound to fail championship P & S. They would have then asked for a action plan on how we are going to move from our 22/23 position go meet 23/24 obligations. We have told them they are abusing their own rules and we don't need to give them a plan.
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This dates back to earlier in the season The EFL would have looked at the clubs 22/23 accounts like all clubs in the league and has asked for a business plan on how the club is going to meet It's P & S obligation for 23/24. Club has basically said you can't ask for that as 22/23 accounts occurred outside of your league.
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Leicester 'could face points deduction next season'
coolhandfox replied to ClaphamFox's topic in Leicester City Forum
I'd wager FFP is restructured in PL this summer, to give more wiggle room. As a product the PL can't have 6 or 7 teams unable to spend due to FFP or deducted points.
