EFL Statement - Club has no obligation to submit and agree business plan

[filbertway]

1 minute ago, Tuna said:

Could totally derail the season

How so? It's got nothing to do with on the pitch. The players wages are safe and it's well above them.

[Tuna]

1 minute ago, filbertway said:

How so? It's got nothing to do with on the pitch. The players wages are safe and it's well above them.

Distraction

 

Try and ignore it but it's always there like the proverbial elephant in room.

[Foxdiamond]

Does anyone trust the football authorities anyway ? All seems a rather murky pond and in what way does FFP help clubs compete

[UniFox21]

Could our argument surely be our player value dropped due to be relegated, so player sale income was less. 

Overall caused by the other 2 breachers 

[jonny_wright]

All that effort and no spending anything only to be charged anyway, may as well done an Everton, spent gone over, stayed up and took the 6 points. What’s 6 points? 2 wins? It’s worth taking 

[lcfc_forever]

Just now, filbertway said:

How so? It's got nothing to do with on the pitch. The players wages are safe and it's well above them.

Yeah, agree as long as the manager protects them and can be a strength if he creates a siege mentality. Man City have been dealing with this for years, and remember they got kicked out of European competition but didn’t especially affect their form. 

[st albans fox]

35 minutes ago, LVFox said:

Here's what I don't understand. 

 

We haven't recently submitted any accounts to show any change of situation (better or worse) since our 21/22 accounts submission, so why the sudden rush of news regarding this?

 

Surely until 22/23 is submitted, this is a complete non-story?

 

No smoke without fire and its obvious we will either be screwed or just scrape by, but I can't understand what's led to this week being full of stories?

 

Similarly, am I right that 22/23 will include both Fofana and Maddison sales? And if so, how the hell are they going to be a bad set of accounts?

We should have submitted the accounts beginning march to the authorities 

 

assume there have been leaks from there 

 

 

[BertFill]

If we broke Premier League rules last season, they should just deduct us some points from last season and amend the official 2022-23 league table accordingly.

That seems fair to me.

[Foxin_Mad]

7 minutes ago, filbertway said:

Can already see Enzo rolling his eyes when he gets asked about it 10 times tomorrow

 

Hopefully he goes full pep and tells them bullshit until proven otherwise. 

[HankMarvin]

44 minutes ago, teblin said:

It’s so strange, so you spend more that you should be to punish a club for that they fine you or make it so you might lose revenue.

 

you can’t speculate to accumulate as that would mean breaching and getting near the top 6.

It’s to stop clubs living beyond their means and ultimately ending up on the scrap heap league one and beyond in administration

like Leeds, Wigan, Portsmouth, Coventry, Derby and Southampton in the last 15 years.

its meant to be a sustainable approach where the finances improve year on year and spending increases, as opposed to a shit or bust scenario. Unfortunately it doesn’t factor in unexpected relegation when you have had two 5th place finishes and European football in the previous 4 years, just on paper we had the 7th highest wage bill in the prem at the time of relegation and the year on year losses.

 

Edited 7 March 2024 by HankMarvin

[goody2028]

Might be about 3 or 4 teams starting next season on negative points in the prem (if we go up that is). What a time to be alive. 

[Fazzer 7]

I'm just sick of football tbh, just like everything else in this country. VAR is a total disaster, always tinkering with the rules, now the financial irregularities. It's rubbish.

[filbertway]

3 minutes ago, Tuna said:

Distraction

 

Try and ignore it but it's always there like the proverbial elephant in room.

I dno, maybe if they're getting hassled by the media, but I dno who's asking Vards or Ricardo about FFP.

 

I work for a company that has been sold and merged with other companies far too much over the past 5 years, but it's barely affected me day to day as it's happening at a much higher level.

 

Can't imagine it'll be too different to the players. I imagine they barely talk to the execs except in passing or club functions.

[StanSP]

Are any other clubs - PL or not - actually in similar danger to us with regard to financial losses and potential points deductions? There's chat that Leeds are fvcked, and other PL clubs (Villa, Wolves). Could we see a season where several clubs next season start with points deductions? 

Could we appeal a few times to delay any actual punishment? 

[weller54]

You know who's fault this is don't you!!!!?...

...

Bloody Wellens!!

[StanSP]

1 minute ago, filbertway said:

Can't imagine it'll be too different to the players. I imagine they barely talk to the execs except in passing or club functions.

Even then, can you imagine they talk about the intricacies of the financial statements or implications in passing? I doubt it. 

[UniFox21]

Just now, StanSP said:

Even then, can you imagine they talk about the intricacies of the financial statements or implications in passing? I doubt it. 

I don't imagine the execs talk to each other about financial intricacies from the looks of it 

[StanSP]

4 minutes ago, UniFox21 said:

I don't imagine the execs talk to each other about financial intricacies from the looks of it 

Bet they forget they actually run a football club, too... 

[filbertway]

9 minutes ago, StanSP said:

Even then, can you imagine they talk about the intricacies of the financial statements or implications in passing? I doubt it. 

I imagine it goes something like

Player: "Aup, any chance of a 10k pay rise"

Exec:   "Don't see why not, just send me an email and i'll get it sorted"

Player: "Nice..."

[Stevosevic]

12 minutes ago, StanSP said:

Are any other clubs - PL or not - actually in similar danger to us with regard to financial losses and potential points deductions? There's chat that Leeds are fvcked, and other PL clubs (Villa, Wolves). Could we see a season where several clubs next season start with points deductions? 

Could we appeal a few times to delay any actual punishment? 

Chelsea need to sell in June to avoid a deduction too apparently 

[HankMarvin]

25 minutes ago, jonny_wright said:

All that effort and no spending anything only to be charged anyway, may as well done an Everton, spent gone over, stayed up and took the 6 points. What’s 6 points? 2 wins? It’s worth taking 

That’s just it, we did take a punt given what the club would’ve know about the 2 previous years accounts.

Faes in the summer of that season plus 31m in January.

Edited 7 March 2024 by HankMarvin

[Ric Flair]

Last January's transfer business was mingin' and I'm not talking about Tete. At least his was just a smallish loan fee. If we were that close to the brink then signings should have been loans, and I can't help but mention for the 500th time in a year that we tried to wedge Jack Harrison over £100k a week and Leeds £20m on top of all this.

 

I've absolutely no sympathy for us. Any fan who's spent evenings gobbing off at Everton and Forest on social media recently, will you be doing the same about us if and when the time comes? I will lol.

[urban.spaceman]

20 minutes ago, Foxdiamond said:

Does anyone trust the football authorities anyway ? All seems a rather murky pond and in what way does FFP help clubs compete

Not after their behaviour towards us since winning the league:

19 hours ago, urban.spaceman said:

Will the punishment for winning their closed league never end?

 

Cheated out of fair earnings by their corrupt TV deal.

 

Cheated out of fair competition by having our spending power restricted by their FFP/STCC rules after winning the league.

 

Cheated out of two seasons in the Champions League by their failure to deal with Man City.

 

Cheated out of our Premier League status by their failure to deal with Everton.

 

I'm not saying the club itself isn't culpable.

 

But I honestly don't see the point in bothering to compete in a competition that is blatantly set up for and operated in collusion with so-called "big clubs" that not only act with impunity but keep desiring more and more power and money for themselves.

 

And I'm ****ing sick of it.

 

The Premier League, their broadcasters and their cartel clubs have and still are causing direct harm to our football club, our local economy and our community.

 

Leicester City Football Club needs to ****ing stand up for itself and with the City council petition the incoming Labour government to reform the entire structure of the football pyramid in a way that doesn't benefit parasites like Arsenal, Man City, Man Utd, Liverpool, Tottenham and Chelsea.

 

Ths ****ing farce has gone on long enough.

I am absolutely not joking about taking action against the Premier League by the way. We need to start working with other non-"big six" clubs to bring it down.

[Foxdiamond]

1 minute ago, urban.spaceman said:

Not after their behaviour towards us since winning the league:

I am absolutely not joking about taking action against the Premier League by the way. We need to start working with other non-"big six" clubs to bring it down.

I do wonder the outcome if the system was tested in the courts 

[Pliskin]

I would suggest Nottingham Forest and Chelsea are undoubtedly the worst. 
 

Forest have managed to breach after one full season in the premier league, people are giving us heat, but **** me that’s scandalous.