Les-TA-Jon

Gonna make for an awkward and cringe evening this, if we're in League One...

@urban.spaceman “We don’t want too many Leicester Citys Sausage Rolls"

Current deduction/breach was for period ending 2024. In the hearing we reported our PSR loss/profit vs actual losses So you can easily calculated the ‘add-backs’ allowed under PSR rules. These were £25.9m and £25.5m for YR23 and YR24 For period ending 2025, we have total allowable losses of £83m - vs our losses for that period of £180.2m (Minus above £51.4m addbacks) means we need addbacks of £45.8m for YR25 to be compliant. I wonder why the club seems to think they can nearly double the addbacks from the previous 2 years…? Either they're crap at this or I'm missing some other pieces of information - normally I'd say it's a me problem but...

Interested to see your source if you think you have one that is more accurate

Leicester's staff costs including directors, for 24/25 (Premier League season) = £152.9m The below is not the best source (Givemesport) and is for 25/26 and might only be players, not including directors and other staff, but would suggest only 4-5 teams in the PL had a bigger wage bill than us. Which is staggering, since last season was the 3rd season since we started 'trying' to course correct...

That figure is for season ending 2025 - i.e last season, in the PL

What's the difference between "pre-tax loss" £71m and "profit and loss account / total loss" £375m? This also suggests we still have stupidly large promotion bonuses/rises in contracts? 43% rise in wages upon promotion + the new signings?

It's almost like there's no coherent high level strategy at the club or something...

Good to know but still means we need approx £50m of addbacks to not breach again?

So losses of £180m for 3 year period ending 25 not sure what that means for PSR, given we’ve already been punished for period ending 24 and it includes 1 year in the PL. isn’t EFL allowable losses £40m with some sort of upward adjustment for each PL year?

It’s possible to have ‘benefit of doubt’ (as you call it) or informed guesswork (as I call it) without being pro-KP is all I’m saying

From the full accounts: So wage bill (plus other staff?) went up by £45m upon promotion? So £200K for Brian Barry-Murphy to go to Cardiff? Not sure what the 'confidential settlement of a commercial dispute' is Small player trading profit... So spend of £66.9m on Skipp, El Khannous, Okoli, Ayew, Edouard, Buonanotte, De Cordova-Reid, Golding Quite a hefty cost for a naff squad going back into the Championship... Re: Cashflow: Macquarie Bank and Past/Future transfers: Total wage bill of all employees (£130m~)

There's a link to them in the LCFC article

Don't think anyone was doing that - purely speculating on last years £19m loss + promotion to PL + independent commission says 'positive trend' = £70m loss sounded unrealistic...

Yeah but we half-way housed it by spending a not insignificant amount on the next tranche of dross.

Updated:

Would have been better off not trying to compete last year, bank the PL money and take the deduction last season...

And 22/23 we lost £31m to finishing 18th instead of the predicted 8th + the [REDACTED] cost of firing Rodgers and coaching staff Edit: well, not lost, but costs we didn't budget for at all

The independent commission used 'positive trend' as a mitigating factor, reducing the initial punishment, yes

Reminder of recent year headline figures:

LCFC published their accounts in previous years: 2025 - 2nd Apr 2024 - 2nd Apr

Pretty pointless thread when we don't know which division we'll be in

Little room for nuance on the internet

the comment and subsequent replies if you're interested:

is the lcfc subreddit generally pro King Power? I got downvoted into oblivion for saying that despite the Farage debacle, King Power are worse than Ipswich's owners.