urban.spaceman

That's what, 17 points they wanted to dock Everton overall? The same league who dished out a £3.6m fine each to six clubs who tried to set up their own league that would have bankrupted clubs like Everton, Forest and Leicester as well as ensured no other club could have competed with them again. When are we going to have the debate about whether the people in control of demanding club owners are fit and proper people, are actually fit and proper people themselves? Invite Everton to join in our legal action.

I spy with my little eye, a club that doesn't have a ****ing leg to stand on.

Personally I would much rather we pursued our legal action against the EPL and EFL and invited other clubs to join us in it. Both leagues have demonstrated that their rules are not just anti-competitive and utterly unfit for purpose; they have also both behaved downright corruptly in trying to punish us. I don't have any faith in any new rules they can come up with. I don't have any faith in the people running either league. This farce should have ended when they only fined the Super League clubs £3.6m. We should form a class action lawsuit with every other club and wrench the money and power away from those who have demonstrated, very clearly, that they are not fit and proper people to be running our sport.

Joined.

Because winning trophies without the consent of the Big Six clubs is obviously much worse than trying to set up your own private league that would have bankrupted absolutely every other club in Europe AND guarantee no club could possibly challenge them ever again.

2019/20 - League Cup Semi Final (and a missed handball away from a final), FA Cup Quarter Final, 5th in the Premier League and kept out of the Champions League by Man City's Europe ban being falsely overturned by CAS. 2020/21 - FA Cup winners, 5th in the Premier League, Round of 32 in the Europa League, kept out of the Champions League by Man City's Europe ban being falsely overturned by CAS. 2021/22 - Community Shield winners, League Cup quarter final, 8th in the Premier League, Europa Conference League Semi Final. We were actually on the up as a club. The only thing that hamstrung us is new rules specifically set up to entrap ambitious clubs and protect the Big Six. The club are culpable for a lot of things but they had the right to be ambitious. The biggest mistake they made was thinking we were in a fair competition.

Unfortunately doesn't appear to be a common believe, despite being the absolute truth. The only reason these rules exist is to prevent another Man City or Chelsea buying their way into the "big six". That's why our odds to win the league were 5000-1. It should have been impossible. They never, in a millions years, thought a club could come from nowhere and win the league on pure merit. And they've been punishing us ever since. Restricted earnings, diminished spending power, Project Big Picture, European Super League, PSR. They're deliberately making an example of us to make it very clear to every other club that they shouldn't even try to compete, because this is what will happen. That's what the club needs to challenge.

If being punished with relegation when harming ourselves in order to comply with the rules, then get pursued by two leagues at the same time who are breaking their own rules to do so, threatening the club with competitive oblivion for a decade or two, isn't the best time, when is it?

****ING THIS.

Absolutely hate this phrase in relation to us, it implies that we're in actual trouble and are facing financial oblivion. We're not a poor club. We're not in the red. We don't have a despotic owner trying to sell the stadium back to himself or change the shirt colour. We have an owner who is extremely wealthy and very ambitious, and who has a decade and a half of actual success to prove it he's capable of achieving things like winning trophies. We've even deliberately harmed our own ability to compete on the pitch by doing as much as possible to keep within these rules. Rules that will only affect clubs outside of the top 6, as is happening now. This absolute farce cannot go on any longer.

From the website: Leicester City Football Club today publishes its financial accounts for the year ending 30 June 2023. The accounting period corresponded with a season which saw Leicester City’s relegation from the Premier League. The Club’s investment in its First Team playing squad – a strategy reflected in eight previous seasons of high performance in the top flight – was, for the first time, not matched by on-pitch results. The consequences of this disappointment, combined with the costs arising from the Club’s long-term commitment to maintaining a strong squad of players, were the primary factors behind a pre-tax loss of £89.7M (2022: £92.5M loss). While turnover for the year decreased to £177.3M (2022: £214.6M), commercial revenues increased, with gate receipts up £1.4M, sponsorship revenue up £1.3M and commercial turnover up by £1M. The fall in turnover was primarily due to a reduction in Premier League merit payments and broadcast revenues, and the Club’s absence from European competition for the first time in three seasons. The Club realised a net profit on player trading of £74.8M in the accounting period (£9.2M in 2022), though this increase was offset by a significantly lower-than-budgeted league position and a costly change in First Team management structure. The Club’s commitment to the growth of women’s football in Leicestershire continued, with further investment in players, staff and facilities to aid the development of LCFC Women. The team’s second season in the Women’s Super League saw them improve on both their points total and finishing position from the previous campaign, securing a third successive season of top-flight football. Over recent years, the Club's financial results have reflected necessary levels of investment in the men’s playing squad that allowed LCFC to compete with the most established clubs in the Premier League. The underlying security to pursue those ambitions has been, and continues to be, provided by the Club’s parent company, King Power International (KPI), under the leadership of Chairman Khun Aiyawatt Srivaddhanaprabha. His and his family’s support for the Club remains as strong as it has ever been. Indeed, the 2022/23 accounting period records Khun Aiyawatt’s conversion of £194M of loans and related interest owed to KPI into equity, relieving the Club of significant outstanding debt to its parent company. LCFC remains engaged in a confidential process with the Premier League and the English Football League, regarding the Club’s Profitability and Sustainability calculations. The Club is determined to ensure that any charges against it are properly and proportionately resolved, in accordance with the applicable rules, by the right bodies, and at the right time. Leicester City Chief Executive Susan Whelan said: “After a sustained period of growth and success for the Club during the last decade, the 2022/23 season was a significant setback, the consequences of which will be felt for some time. We must now focus on rebuilding and seeking to return to and re-establishing ourselves in the Premier League. "Having achieved finishing positions in the Premier League of fifth, fifth and eighth in the three preceding seasons, our targets and associated budgets for 2022/23 were entirely reasonable. However, for a club such as ours, whose sustained sporting achievements have justified the levels of investment required to compete with the most established clubs and pursue our ambition, a season of such significant under-performance on the pitch presents financial challenges, particularly from the perspective of the game’s current Profitability and Sustainability rules. “The long-term and ongoing financial security and commitment provided by Khun Aiyawatt, the Srivaddhanaprabha family and King Power International, enables the Club to rebuild with certainty and confidence. We’re infinitely grateful for the faith and support of our fans, whose commitment and loyalty continue to inspire our mission to restore Leicester City to the level at which we all want it to compete.” Click HERE to view.

We're all doomed.

And now to bring us all crashing down to earth, the club are about to release our financial statement....

****ING COME ON.

We're ****ed.

Apparently it's definitely in the programme.

I’ve told you once!

#apestogetherstrong

We should invite Everton to get involved in our legal action against the PL. For no other reason than it would wind their fans up who seem to be convinced we’re Tories.

I'm so sorry for your family's loss @FoxesDeb. Truly devastating.

https://amp.theguardian.com/football/2024/mar/29/two-fifths-of-premier-league-clubs-yet-to-file-as-accounts-deadline-looms

Dean Smith