Leicester City £100m action plan revealed in worst-case scenario

[Daggers]

On 29/08/2023 at 17:32, Bilo said:

That and absolute mouthbreathers who need TikTok and memes to tell them what to think.

 

[sacreblueits442]

8 hours ago, gw_leics772 said:

We as in lcfc? I don't get it.

...they need the money, and burning down their stadia would be a way for them to receive the money they need via their insurance policy!!!

They are building a new stadium off the river anyway.

[Happy Fox]

EXCLUSIVE: Leeds, Leicester and Burnley write to Everton's future owners 777 Partners to tell them they will sue the club for £300m if they are found guilty of breaking Premier League spending rules to escape relegation | Daily Mail Online

 

 

[Guest Kopfkino]

This all seems rather silly for a football club that has broken FFP rules in the past, presumably Derby should be seeking recompense from us?

 

It’s also really only Burnley that has a proper claim. They allegedly FFP in the season they got relegated. We kind of have a claim cos maybe that’s when the points would/should be deducted. Leeds have no claim cos they wouldn’t have stayed up anyway.

[FrankieADZ]

nah we know Everton will manage to get by the charges, since they are one of the premier league golden boys

[Foxmeister]

3 minutes ago, Kopfkino said:

This all seems rather silly for a football club that has broken FFP rules in the past, presumably Derby should be seeking recompense from us?

 

It’s also really only Burnley that has a proper claim. They allegedly FFP in the season they got relegated. We kind of have a claim cos maybe that’s when the points would/should be deducted. Leeds have no claim cos they wouldn’t have stayed up anyway.

I think you're right on Leeds, there's no causation.

[FOXSE]

4 minutes ago, Kopfkino said:

This all seems rather silly for a football club that has broken FFP rules in the past, presumably Derby should be seeking recompense from us?

 

It’s also really only Burnley that has a proper claim. They allegedly FFP in the season they got relegated. We kind of have a claim cos maybe that’s when the points would/should be deducted. Leeds have no claim cos they wouldn’t have stayed up anyway.

We didn't break FFP rules. They weren't any back then.

[CosbehFox]

20 minutes ago, FOXSE said:

We didn't break FFP rules. They weren't any back then.

https://www.theguardian.com/football/2018/feb/21/leicester-settlement-football-league-ffp

 

Leicester make £3.1m settlement with Football League over FFP claim

 

The Football League’s then-new FFP rules, aimed at improving its clubs’ financial sustainability particularly in the Championship, set out sanctions including heavy fines for clubs which made losses greater than £8m in 2013-14. Leicester, spending heavily on players’ wages, made a £34m loss in 2012-13, then reduced it to £21m, partly due to receiving a large increase in income from a marketing deal signed with Trestellar Limited, a company run by the son of the former Premier League chairman Sir Dave Richards. That deal, under which Trestellar sold the sponsorship of the club’s shirt and stadium back to King Power, is understood to have been under investigation by the EFL when considering whether Leicester breached the rules.

[Grebfromgrebland]

Hope we sink Everton and get them relegated and pocket the £100M.

 

This would give me great satisfaction. I think we deserved to go down but whatever.

[Matt]

Whilst Chelsea, Man City and any of the “top” clubs are allowed to get away with it Everton or anyone for that matter will be able to play the joker card.

[AjcW]

I mean it's obviously not something that's happened or will be happening. Nothing story from the Daily Nonsense.

[Vazman]

22 minutes ago, CosbehFox said:

https://www.theguardian.com/football/2018/feb/21/leicester-settlement-football-league-ffp

 

Leicester make £3.1m settlement with Football League over FFP claim

 

The Football League’s then-new FFP rules, aimed at improving its clubs’ financial sustainability particularly in the Championship, set out sanctions including heavy fines for clubs which made losses greater than £8m in 2013-14. Leicester, spending heavily on players’ wages, made a £34m loss in 2012-13, then reduced it to £21m, partly due to receiving a large increase in income from a marketing deal signed with Trestellar Limited, a company run by the son of the former Premier League chairman Sir Dave Richards. That deal, under which Trestellar sold the sponsorship of the club’s shirt and stadium back to King Power, is understood to have been under investigation by the EFL when considering whether Leicester breached the rules.

So we paid the fine at the time and settled, go for it I say but we all know nowt will come off it.

[CosbehFox]

5 minutes ago, Vazman said:

So we paid the fine at the time and settled, go for it I say but we all know nowt will come off it.

I am just establishing we did break FFP rules ourselves. Don't have an opinion on Everton either way because the cash won't be there anyway. 

[Grebfromgrebland]

The problem here is why did the premier League take so long to conclude a case.

 

There should be a system which should be which to verify so that punishment can the decided in the close season. 

 

This is just a mess.

[FOXSE]

44 minutes ago, CosbehFox said:

https://www.theguardian.com/football/2018/feb/21/leicester-settlement-football-league-ffp

 

Leicester make £3.1m settlement with Football League over FFP claim

 

The Football League’s then-new FFP rules, aimed at improving its clubs’ financial sustainability particularly in the Championship, set out sanctions including heavy fines for clubs which made losses greater than £8m in 2013-14. Leicester, spending heavily on players’ wages, made a £34m loss in 2012-13, then reduced it to £21m, partly due to receiving a large increase in income from a marketing deal signed with Trestellar Limited, a company run by the son of the former Premier League chairman Sir Dave Richards. That deal, under which Trestellar sold the sponsorship of the club’s shirt and stadium back to King Power, is understood to have been under investigation by the EFL when considering whether Leicester breached the rules.

Ah, I new are main breach were before the ffp rules were introduced, didn't realise there was a residual issue! But, we had a settlement, so look forward to getting ours from Everton.

[jonathan_ross]

3 hours ago, Happy Fox said:

EXCLUSIVE: Leeds, Leicester and Burnley write to Everton's future owners 777 Partners to tell them they will sue the club for £300m if they are found guilty of breaking Premier League spending rules to escape relegation | Daily Mail Online

 

 

Hate the club hopefully letter this may drive away there potential new investors sending them further down the swanny like they deserve.

[gurru991]

22 hours ago, jonathan_ross said:

Hate the club hopefully letter this may drive away there potential new investors sending them further down the swanny like they deserve.

I think scaring away 777 would be doing Everton fans a favour !!

I am surprised that any one would consider purchasing the club when they could be facing a possible points deduction & pending lawsuit.

Edited 4 October 2023 by gurru991

[urban.spaceman]

On 03/10/2023 at 12:56, Happy Fox said:

EXCLUSIVE: Leeds, Leicester and Burnley write to Everton's future owners 777 Partners to tell them they will sue the club for £300m if they are found guilty of breaking Premier League spending rules to escape relegation | Daily Mail Online

 

 

Just ****ing beautiful to see us ****ing standing up for ourselves for once.

 

Take them for every ****ing penny.

 

Then go after Man City when they're found guilty.

 

VINDICATION.

[gurru991]

The fact that the league will be scared to take action against Man C will probably save Everton. They can't do one and not the other !!

[urban.spaceman]

18 minutes ago, gurru991 said:

The fact that the league will be scared to take action against Man C will probably save Everton. They can't do one and not the other !!

I'm hoping that if we're successful against Everton then more clubs sit the **** up and take notice about what can be achieved and start holding other cheats to account.

[CosbehFox]

The cash genuinely isn’t there to give out if successful. Football’s finances are so wrapped in loans and  debt. You just end up trying to make Everton bust 

[Guest Basildon Fox]

Surely the case should be against the Premier League for lack of enforcement on the laws and the time it has taken. 

 

Everton have been allowed to over-commit for a number of years and nothing was done.

 

A settlement for missing out on the top 4 as well as the relegation due to lack of action must be addressed.

[urban.spaceman]

4 minutes ago, CosbehFox said:

The cash genuinely isn’t there to give out if successful. Football’s finances are so wrapped in loans and  debt.

 

5 minutes ago, CosbehFox said:

You just end up trying to make Everton bust 

[Lambert09]

I think there’s a drastic difference in a club slightly falling out of line which can be almost accidental and a club completely ignoring the rules entirely like everton. 

 

The precedent of not punishing them is possibly worse than the fallout of enforcing it. 

[gurru991]

1 hour ago, CosbehFox said:

The cash genuinely isn’t there to give out if successful. Football’s finances are so wrapped in loans and  debt. You just end up trying to make Everton bust 

You are right.  300 million would bankrupt them.  They are close enough already!!