WoodyFox Posted 6 March Share Posted 6 March 1 minute ago, Nolucklcfc said: Regardless we are obviously very close to a breach whether we go up and or stay down. Why would we be reluctant to propose a business plan anyway? Perhaps because there is no plan 1 Link to comment Share on other sites More sharing options...
Babylon Posted 6 March Share Posted 6 March 1 minute ago, Bert said: But within the rules, we look like we could be in trouble. All of this is based around our finances when in the premier league last March. Not around our finances now. The reality is, we have no idea where we currently stand. 2 Link to comment Share on other sites More sharing options...
KingsX Posted 6 March Share Posted 6 March Link to comment Share on other sites More sharing options...
Chelmofox Posted 6 March Share Posted 6 March 4 minutes ago, Scotch said: I wonder what an "EFL business plan" would entail and why we are so against it if it's imposed to prevent us breaching FFP? I also wonder what our alternative to a business plan is? Sell KDH for 70 million, Daka for 50 million and Souttar for 35 million. Link to comment Share on other sites More sharing options...
Scotch Posted 6 March Share Posted 6 March 4 minutes ago, Babylon said: He doesn’t explain it very well at all. It’s got nothing to do with anything we’ve just filed with them. We submitted as per the rules last year when we were in the premier league. The EFL have used those accounts which, which show a likely breach (these accounts are before sales, before wage reductions etc). So they demanded in November we submit a business plan, based on our premier league losses. We said no, we were a premier league club and as per your own rules our first period for submission is this season and not last season. The panel agreed with us and the decision was made months ago. The results were agreed to not be released until after the transfer window closed. What the heck he’s on about I have no idea. So essentially what you're saying is, their projections on us breaking the rules by the end of the season are all based on our last financial report which took place whilst we were still in the PL and don't account for any finances from this year? Link to comment Share on other sites More sharing options...
Les-TA-Jon Posted 6 March Share Posted 6 March My understanding: 1️⃣ club submits it’s financials to EFL earlier this season, as normal, as all clubs do 2️⃣ based on this EFL projects that we will fail to comply by the end of this season 3️⃣ based on their own rules they request additional docs and a business plan from Leicester 4️⃣ Leicester then (presumably on a technicality) contested that the rule doesn’t compel them to do so 5️⃣ this were referred to an independent panel who have now ruled that Leicester are correct and they don’t *have* to submit anything 6️⃣ EFL has confirmed this today and said “we’ll be changing this rule in the future to make this work as intended” 7️⃣ Leicester own statement confirmed that they’re in discussions with EFL regarding financial rules that about right? 4 Link to comment Share on other sites More sharing options...
Fox92 Posted 6 March Share Posted 6 March 25 minutes ago, UniFox21 said: Dorsett explains this pretty well here. To summarise; EFL projections say we'll maybe fall outside regs, so wanted us to prove how we'll stay in. We said no, went to an independent panel and they agreed with us Yet something else set to change because of us. Link to comment Share on other sites More sharing options...
AjcW Posted 6 March Share Posted 6 March I’d absolutely love for the club to be forced to stick to a strict business plan… because we don’t appear to have had one for quite some time Link to comment Share on other sites More sharing options...
Gravel Posted 6 March Share Posted 6 March 7 minutes ago, FrankieADZ said: so thats why we've been getting some right crap decisions the past 4 league games then I don't think FFP can be blamed for our players crap decisions in the final third Link to comment Share on other sites More sharing options...
Popular Post Babylon Posted 6 March Popular Post Share Posted 6 March Just now, Scotch said: So essentially what you're saying is, their projections on us breaking the rules by the end of the season are all based on our last financial report which took place whilst we were still in the PL and don't account for any finances from this year? Exactly. In March last year we were going to post a large loss. But we sold Maddison and Barnes before the PSR cut off and this that could have changed dramatically after that anyway. So it doesn’t even mean we broke FFP that season either. 7 Link to comment Share on other sites More sharing options...
Mickyblueeyes Posted 6 March Share Posted 6 March sigh Link to comment Share on other sites More sharing options...
Sol thewall Bamba Posted 6 March Share Posted 6 March 6 minutes ago, Babylon said: All of this is based around our finances when in the premier league last March. Not around our finances now. The reality is, we have no idea where we currently stand. Here we go again Mods close the thread before Babs gets upset about people speculating. Link to comment Share on other sites More sharing options...
coolhandfox Posted 6 March Share Posted 6 March This dates back to earlier in the season The EFL would have looked at the clubs 22/23 accounts like all clubs in the league and has asked for a business plan on how the club is going to meet It's P & S obligation for 23/24. Club has basically said you can't ask for that as 22/23 accounts occurred outside of your league. Link to comment Share on other sites More sharing options...
LCFCJohn Posted 6 March Share Posted 6 March 6 minutes ago, Fox92 said: Yet something else set to change because of us. Another one for Forest and Coventry fans to be furiously discussing in the year 2247 2 2 Link to comment Share on other sites More sharing options...
Corky Posted 6 March Share Posted 6 March Just now, coolhandfox said: This dates back to earlier in the season The EFL would have looked at the clubs 22/23 accounts like all clubs in the league and has asked for a business plan on how the club is going to meet It's P & S obligation for 23/24. Club has basically said you can't ask for that as 22/23 accounts occurred outside of your league. If we were going to meet them then why contest it? Link to comment Share on other sites More sharing options...
Hitesh Posted 6 March Share Posted 6 March 16 minutes ago, Bert said: Get ready for loads of shit decisions going against us That's already happening 1 Link to comment Share on other sites More sharing options...
Nolucklcfc Posted 6 March Share Posted 6 March 8 minutes ago, Bert said: Because we don’t need to, as we are not in breach of any of their rules. (Yet) That or we aren’t doing so because we know we will be in breach. Link to comment Share on other sites More sharing options...
5waller5 Posted 6 March Share Posted 6 March Fair play to the club. We’ve reported on time to the league we were in, we’re planning to report to the Championship as per their rules. They decided that because they suspected we’d break the rules they wanted us to prove we had a plan on not doing so. The rules they wrote themselves doesn’t allow that so we said no. Can’t find any problem there, even from my own Rudkinphobic viewpoint. 1 Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 6 March Share Posted 6 March 12 minutes ago, Bert said: Not like Sky to sensationalise something is it? It's this year's accounts and a projection. We're projecting to break the rules and don't want to publicise the plan to correct it. Which is either a fire sake or getting promoted. Sky haven't sensationalised a thing there. Link to comment Share on other sites More sharing options...
RowlattsFox Posted 6 March Share Posted 6 March Made too many mistakes since winning the league and tried to be a bigger club than we are. Unable to match revenue to expenditure. We had our fun didn't we paying the price now. Link to comment Share on other sites More sharing options...
moore_94 Posted 6 March Author Share Posted 6 March (edited) 1 minute ago, Corky said: If we were going to meet them then why contest it? Why should we do something we technically have no reason to? Edited 6 March by moore_94 Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 6 March Share Posted 6 March Just now, Nolucklcfc said: That or we aren’t doing so because we know we will be in breach. They just don't want to show their cards for what they're going to have to do between May and June. Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 6 March Share Posted 6 March Not sure the issue is whether we've complied with the efl or not. It demonstrates in plain sight, we have a major problem that will need addressing sharpish. Link to comment Share on other sites More sharing options...
Bert Posted 6 March Share Posted 6 March 2 minutes ago, Nolucklcfc said: That or we aren’t doing so because we know we will be in breach. No it’s because we aren’t in any breach of the rules. Link to comment Share on other sites More sharing options...
Nolucklcfc Posted 6 March Share Posted 6 March Just now, Bert said: No it’s because we aren’t in any breach of the rules. Yet … we are going to get done eventually. Link to comment Share on other sites More sharing options...
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