coolhandfox Posted 6 March Share Posted 6 March 2 minutes ago, Chocolate Teapot said: Something to hide! Financial data is pretty sensitive, easy for people to take advantage off. If you don't have to give it, why would you. Link to comment Share on other sites More sharing options...
Pliskin Posted 6 March Share Posted 6 March 4 minutes ago, whetstonefox said: But we sold Maddison and Barnes, and barely spent anything. So, surely that can’t constitute significant breaches. Percy isn’t as in touch as he used to be with us, this is speculation based on what he thinks rather than knows surely? Link to comment Share on other sites More sharing options...
Corky Posted 6 March Share Posted 6 March Who would we sell? KDH and Hermansen? Plus if clubs know we have to sell why would they push it with us against the wall? Good luck getting much money in. Link to comment Share on other sites More sharing options...
Tuna Posted 6 March Share Posted 6 March I think what is perfectly clear is that our needless relegation has put us in a right world of shit and those responsible, some still at the club, should hang their heads in shame. 2 Link to comment Share on other sites More sharing options...
FoxOnWheels Posted 6 March Share Posted 6 March Surely 22/23 figures won’t be bad at a guess? If we’re doing obligation to buy deals for players at almost 20mil then have to sell and raise huge amount of funds kind of contradicts Link to comment Share on other sites More sharing options...
Nolucklcfc Posted 6 March Share Posted 6 March 1 minute ago, Foxontherocks said: How does it work then if we get promoted, finalize our accounts in June, the EFL look at them and find we breached the rules. 10 point deduction waiting for us on return or points deduction in the prem? Unless we can sell players before then. Link to comment Share on other sites More sharing options...
Babylon Posted 6 March Share Posted 6 March 6 minutes ago, Sol thewall Bamba said: Are Percy articles acceptable @Babylon? Just want to know before everyone sets off talking about this and you start crying again. “The key point is how much Leicester’s losses were in the 2022-23 season when they were still in the Premier League.” He doesn’t know the answer himself. 3 Link to comment Share on other sites More sharing options...
Pliskin Posted 6 March Share Posted 6 March Just now, Tuna said: I think what is perfectly clear is that our needless relegation has put us in a right world of shit and those responsible, some still at the club, should hang their heads in shame. Yea, but if we have a go in the FA cup, doesn’t matter does it. Link to comment Share on other sites More sharing options...
SouthStandUpperTier Posted 6 March Share Posted 6 March 1 minute ago, Pliskin said: But we sold Maddison and Barnes, and barely spent anything. So, surely that can’t constitute significant breaches. Percy isn’t as in touch as he used to be with us, this is speculation based on what he thinks rather than knows surely? And could've sold KDH in January, but didn't. Surely if things were that bleak KDH would've gone. 2 Link to comment Share on other sites More sharing options...
Tommy G Posted 6 March Share Posted 6 March The accounts will be out in about a month and I think I’ll refrain from even opening the thread - too painful to read the commentary. Link to comment Share on other sites More sharing options...
Stinkenzo Posted 6 March Share Posted 6 March 12 minutes ago, Golden Fox said: The EFL was defending and pulled up as they thought it was no touch icing. But no ref blew, so Leicester just nonchalantly regained possession of the puck and carried on. As someone who's never watched Ice Hockey I can't relate, but thanks 1 Link to comment Share on other sites More sharing options...
coolhandfox Posted 6 March Share Posted 6 March John P tweet is a bit silly. Club needs to sale blah blah. Followed by key point is what the 22/23 accounts look like. So basically he's doesn't have that facts about our finances for 22/23. 2 Link to comment Share on other sites More sharing options...
Wasyls Pec Deck Posted 6 March Share Posted 6 March I have no idea if the players have known this for the last few weeks, but could this partly explain why everyone looks mentally and physically shot to bits? Link to comment Share on other sites More sharing options...
Dahnsouff Posted 6 March Share Posted 6 March Just now, Tommy G said: The accounts will be out in about a month and I think I’ll refrain from even opening the thread - too painful to read the commentary. You know you will pick that scab Link to comment Share on other sites More sharing options...
Pliskin Posted 6 March Share Posted 6 March 1 minute ago, Babylon said: “The key point is how much Leicester’s losses were in the 2022-23 season when they were still in the Premier League.” He doesn’t know the answer himself. It very much appears to be a speculative article. He’s made the assumption something just be off, so has written about it. Like you say, he doesn’t know. It’s not like the club will refuse to comply with the EFL, but will happily hand over said documents to John Percy to scrutinise. 2 1 Link to comment Share on other sites More sharing options...
whetstonefox Posted 6 March Share Posted 6 March If Maddison and Barnes are included in 22/23 I can’t see how we fail FFP in that regard unless there is some other unknown calamity Link to comment Share on other sites More sharing options...
Tommy G Posted 6 March Share Posted 6 March 1 minute ago, coolhandfox said: John P tweet is a bit silly. Club needs to sale blah blah. Followed by key point is what the 22/23 accounts look like. So basically he's doesn't have that facts about our finances for 22/23. No one does apart from the board and our auditors as it stands Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 6 March Share Posted 6 March 4 minutes ago, Scotch said: That doesn't make much sense though, does it? If it was purely our finances from THIS season then "we were in the PL" wouldn't be a viable defense which it clearly is, given that an independent panel have sided with us. Also, if that were the case, the EFL wouldn't now be looking to change the rules and sync their financial report times with the EPL. ...So it MUST account for at least SOME of our finances whilst in the PL, no? It's this years accounts that have been projected. Basically by the technicality you can only break ffp a season behind so leicester can ignore it as in the prem (which we were last season) they'd be fine but not in the championship. Link to comment Share on other sites More sharing options...
Foxes96 Posted 6 March Share Posted 6 March 4 minutes ago, Foxontherocks said: How does it work then if we get promoted, finalize our accounts in June, the EFL look at them and find we breached the rules. 10 point deduction waiting for us on return or points deduction in the prem? Does it work how it is intended to in the Prem this season? Ie. Breaches are punished in the year they occurred, so could we get a points deduction this season. If we are found to have breached the rules for this year? or does it work differently in the Champ? aprreciate this report is to do with last March’s findings. But what about this years submission? Link to comment Share on other sites More sharing options...
Dahnsouff Posted 6 March Share Posted 6 March 1 minute ago, Babylon said: “The key point is how much Leicester’s losses were in the 2022-23 season when they were still in the Premier League.” He doesn’t know the answer himself. Sounds like slam dunk in terms of nobody knows just yet- 22/23 are key I am sure, and our actions of last season didn’t seem like club being gung ho. Link to comment Share on other sites More sharing options...
Tommy G Posted 6 March Share Posted 6 March 1 minute ago, Dahnsouff said: You know you will pick that scab Nope - reading all this drivel is painful enough Link to comment Share on other sites More sharing options...
South Shire Fox Posted 6 March Share Posted 6 March Derby County Mk2.. Link to comment Share on other sites More sharing options...
RowlattsFox Posted 6 March Share Posted 6 March I say we **** em, spend everything, take all the points deductions and go out in style Link to comment Share on other sites More sharing options...
Babylon Posted 6 March Share Posted 6 March 10 minutes ago, Pliskin said: @Babylon will likely know….. but just because of this news today, it doesn’t automatically mean we’re trying to hide something as a club or we’re trying to buy some extra time because we’ve failed to comply. As a business, if there’s a loophole that would benefit you, you take it surely? That’s what rights and entitlements are for, and If legally the EFL have no stance on it, then it should be utilised. If they decide to change their rules as a result, so be it…. It’s more a problem for them anyway as it’s their regulations and their lack of foresight . But, from what’s been said, why should our accounts be scrutinised by the EFL when we’ve just spent so many seasons in the PL, surely it isn’t fair? Is there a grace period? Do you get time to adjust to the championship because you’re going to be coming down with a massive outgoing if you’re an established PL club surely? They have a set date in their own rules, we were a prem club on the date and not an EFL club. The club argued successfully that the rules clearly down apply to clubs not in the league. The decision was unanimous, we were correct. And our first reporting season for the EFL is this season, our first one in it. 1 Link to comment Share on other sites More sharing options...
TheLittleBigMan Posted 6 March Share Posted 6 March Just now, whetstonefox said: If Maddison and Barnes are included in 22/23 I can’t see how we fail FFP in that regard unless there is some other unknown calamity It might depend on whether we got all the money up front. Most player sales are staggered over a period of time. Link to comment Share on other sites More sharing options...
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