LCFC FINED £880K....

[FOXSE]

Hi, just saw that lcfc are being find bt competition and markets Authority up to £880k for anti competive practiced involving JD sports....

 

Source: skynews

[SemperEadem]

https://www.gov.uk/government/news/leicester-city-fc-to-be-fined-up-to-880k-after-admitting-anti-competitive-arrangement-with-jd-sports

[Dames]

KPFC fans will no doubt be out in force to defend this shambles. Club is rotten at every level. I cannot wait for the day until this lot go. 

[moore_94]

The case relates to the following arrangement between Leicester City FC and JD Sports:

 

In August 2018, that JD Sports would stop selling Leicester City-branded clothing online for the 2018/19 season

 

In January 2019, that JD Sports would not undercut Leicester City in terms of online sales for the 2019/20 season by applying a delivery charge to all orders of Leicester City-branded clothing – disapplying its company-wide promotional offer of free online delivery for all orders over £70

 

By July 2020, that JD Sports would continue to apply delivery charges to online orders of Leicester City-branded clothing for the 2020/21 season as well. This continued until at least 26 January 2021

[MattFox]

Cartels and Monopolies are basically how KP make all their money

[Babylon]

"The peoples club"

[KFS]

Just now, Dames said:

KPFC fans will no doubt be out in force to defend this shambles. Club is rotten at every level. I cannot wait for the day until this lot go. 

Like it or not mate, unless you want some Saudi overloads ruling your club, they have to try bullshit like this to stay competitive on the commercial side against the greedy seven. I don’t condone this but you can see the root cause.

[SemperEadem]

King Power who are a monopoly business in Thailand, trying to do the same here?

[Simoken]

What a shitshow.

[MattFox]

1 minute ago, SemperEadem said:

King Power who are a monopoly business in Thailand, trying to do the same here?

Just looks like a cackhanded attempt to make a few quid

 

Wouldn’t be the first time (Terry Robinson)

[Dames]

2 minutes ago, KFS said:

Like it or not mate, unless you want some Saudi overloads ruling your club, they have to try bullshit like this to stay competitive on the commercial side against the greedy seven. I don’t condone this but you can see the root cause.

I highly doubt this stunt has made us anywhere near what we’ve been fined. Its incompetence yet again but this time we’ve got a bit of illegal activity thrown in as well. 
 

As usual though nothing will change. 

[davieG]

The club is fast becoming an embarrassment rather than one to be proud of.

 

Seemingly looking for every opportunity to cream the fans whilst dishing out donuts & beer.

 

Role Models. Not any more.

[davieG]

2 minutes ago, MattFox said:

Just looks like a cackhanded attempt to make a few quid

 

Wouldn’t be the first time (Terry Robinson)

At the expense of the fans. 

[Matt_Lcfc]

At least we get a warm can of Chang though!!!

[Sol thewall Bamba]

WELL RUN CLUB! WELL RUN CLUB! 

[Simoken]

get rid of these owners and overheads, turning the club into a joke. Have the brass to call out Everton with talk of fining them 100m and yet these stories come out.. being true. bunch of twats the lot of them.

Edited 5 July 2023 by Simoken

[FoxFossil]

Resigning matter for any Board members and senior staff who were party to this?

(I thought not.)

[davieG]

Any comment  @Foxes_Trust on this?

 

Ripping off the fans is surely something to question them on?

[AKCJ]

Can anyone explain this in terms a simpleton like myself could understand?

[davieG]

Nothing on the Mercury site they obviously haven't been on here this morning looking for their next scoop.

[UniFox21]

Just now, AKCJ said:

Can anyone explain this in terms a simpleton like myself could understand?

Stopping JD undercutting our prices basically so people shop at the club store not JD

[davieG]

Just now, UniFox21 said:

Stopping JD undercutting our prices basically so people shop at the club store not JD

Seemingly the 'no delivery option. that JD were offering on other shits.

[StriderHiryu]

1 minute ago, AKCJ said:

Can anyone explain this in terms a simpleton like myself could understand?

Deliberately made it impossible to charge less for our shirts so that people would go through the official site where they keep more of the profit. 

[honeybradger]

2 minutes ago, AKCJ said:

Can anyone explain this in terms a simpleton like myself could understand?

It's basically an agreement with JD sports to not undercut the official LCFC clothing store on kit prices.

[PaulW]

Given the power that the investigating commission has, that punishment amounts to little more than a slap on the wrist.....which is about all that it deserved.  Anybody buying a shirt from JD Sports should be fined a similar amount!