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Everything posted by HankMarvin
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Question for you, when the club extended accounts to 13 months which obviously includes an additional 12th of total wages and operating costs. Is the next set of accounts only 11 months or is the 13th month included on the next set of accounts as 12 months? “As the change was made to align the club's accounting with the rest of its business. The 13th month had an impact on the club's accounts in a number of ways: Expenses: The club's wage bill increased by £24 million, player amortisation rose by £5 million, and other expenses increased by £4 million”
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He does state estimate on the top. “To answer this question perfectly, we would need access to the accounts for the most recent 2023/24 season, so all figures would be available for the 3-year monitoring period used for the PSR calculation, but unfortunately very few of these have been published to date. Therefore, we will have to prepare a forecast for 2023/24 for most Premier League clubs, but we should be able to make a reasonable estimate, as key drivers like on-pitch performance, player sales and purchases are already known.”
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“Having extended their accounting period to 13 months - filing on 30 June 2023 - to bring Leicester's accounting in line with the rest of the business, the Foxes were not a Premier League member, having handed in their shares after relegation, and therefore could not be bound by the top flight's rules” The loophole can’t go both ways though can it, on one hand they have said last season they were not a pl member at that time. How can they then claim the £22n reduction doesn’t apply to them the 35m PSR limit is for the top flight teams per season? What ever the outcome, it’s as shady as **** for a second season. Why not just clear the decks and spend less. Ward, Iversen etc cannon and coady totally not needed
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Yes to the mental wages, certainly we were anyway as per the Wages to turnover image for 22/23 PSR is based on a 3 year rolling limit. 35m for every season in the top flight. The annual accounts must not have greater losses for PSR that period than the 3 year rolling period. the majority of our issues came for wages to turnover which was not sustainable, the sudden loss of European football then PL revenue has led us to the position we are into today. Coincidentally Forest and Everton were the other 2 teams high on the list here and ones you mentioned, they breached. Villa must of been close, but along with West Ham have larger gate revenues. it will be interesting to see Swiss Rambles forecast
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It wasn’t long a go they were being laughed at by fans on here for the scattergun approach and the “crazy power hungry” chairmen that was going to send the club into oblivion. As for enjoying their spending last year and taking a hit, it was -€44m net last and currently this season -€18m Depending on if KDH is on last seasons accounts, we are already - €80m it was the first season they were promoted they took a massive gamble -€195m
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Haji wright 15m 🤢
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Ruud van Nistelrooy - New Manager - Official
HankMarvin replied to moore_94's topic in Leicester City Forum
If the club go down it’s not coming back for a long time. We struggled to comply with 83m last season. Relegation would mean 61m next season. It really is shit or bust time -
It’s the equivalent of Antonio saying he enjoys the views whilst driving at Xmas
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Ruud van Nistelrooy - New Manager - Official
HankMarvin replied to moore_94's topic in Leicester City Forum
Results have been shit arguably stock is and will be lower then you have to factor in the unreliability of jacking a job I don’t think he would get a job more easily. He wasn’t exactly linked to good jobs anyway and put his hat in the ring for Cov -
Ruud van Nistelrooy - New Manager - Official
HankMarvin replied to moore_94's topic in Leicester City Forum
walk away from a 30 month contract, makes sense -
back to Luton when they end up in league 1
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Ruud van Nistelrooy - New Manager - Official
HankMarvin replied to moore_94's topic in Leicester City Forum
He aint leaving and we aint sacking 2 managers in a season with a precarious PSR position which is even less than the other seasons we have been a prem club -
is Usain Bolt available? Probably do a equally good job of chasing down players
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-17 33 points currently -21 at the halfway point 14 points after 20 games he is right
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watkins didnt spoon one over the bar from 6 yards?
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closer to 3-1 to them than us winning dream land
