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moore_94

Premier League cannot take action against the club for exceeding the relevant PSR threshold

By moore_94, in Leicester City Forum

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ClaphamFox

ClaphamFox

Posted
Posted (edited)
5 hours ago, FrankieADZ said:

dunno how true all this is

It sounds like the PL bosses are so seething at us winning our appeal that they have allowed their emotions to override their judgment and launched a highly implausible appeal that will very likely just rack up further costs.

Edited by ClaphamFox
Clever Fox

Clever Fox

Posted
Posted
1 hour ago, st albans fox said:

there is a saying that the quickest way for a wealthy person to lose some of that wealth is to buy a football club.  Not many football clubs make a profit.  I reckon we would be worth max £250m now. (And that’s gone up recently due to performances of players like mads and fats)

 

king power have basically written off way more than that over the period they’ve owned us.  
 

you can’t really put a value on the uplift of their brand over the period but I wouldn’t say that just investing cash into shares in a premier league football club is ever going to be retrieved unless you get lucky (or you employ very good people who get lucky). 

Agreed, But many Owners  continue to Asset strip Clubs and still get away with it.

It should be banned.

Which is why the Regulator is needed as soon as possible.

As he or she wouldn't be bullied by the big financial Clubs.

 

Blarmy

Blarmy

Posted
Posted
1 hour ago, ClaphamFox said:

It sounds like the PL bosses are so seething at us winning our appeal that they have allowed their emotions to override their judgment and launched a highly implausible appeal that will very likely just rack up further costs.

It’s this element of things I find the hardest to process. They (and the EFL) go about their business regarding PSR in a rather nasty way. It’s not a good look. 

  • Like 3
davieG

davieG

Posted
Posted
5 minutes ago, Clever Fox said:

As he or she wouldn't be bullied by the big financial Clubs.

Is that true, I get the distinct feeling that OFWAT have been bullied / running scared of the Water Companies for years.

  • Like 1
Spudulike

Spudulike

Posted
Posted
1 hour ago, Blarmy said:

It’s this element of things I find the hardest to process. They (and the EFL) go about their business regarding PSR in a rather nasty way. It’s not a good look. 

I get the feeling they most likely won't be taking it further but want to leak out snippets to keep a cloud hanging over it (and us).

  • Like 3
CosbehFox

CosbehFox

Posted
Posted
2 hours ago, ClaphamFox said:

It sounds like the PL bosses are so seething at us winning our appeal that they have allowed their emotions to override their judgment and launched a highly implausible appeal that will very likely just rack up further costs.

Whilst also exposing their own rules as weak. It's a bizarre position they have worked themselves into. Lose/lose 

  • Like 1
Chrysalis

Chrysalis

Posted
Posted
4 hours ago, ClaphamFox said:

It sounds like the PL bosses are so seething at us winning our appeal that they have allowed their emotions to override their judgment and launched a highly implausible appeal that will very likely just rack up further costs.

It does feel like it has emotional written all over it, as after all the FFP/PSR rules in themselves arent even rational.

Chrysalis

Chrysalis

Posted
Posted (edited)
3 hours ago, davieG said:

Is that true, I get the distinct feeling that OFWAT have been bullied / running scared of the Water Companies for years.

I think all three of Ofwat.Ofgem, and Ofcom suffer from regulatory entrapment.  But I still think an regulator would be far better than the clubs regulating themselves which is basically what the league structure is.

Edited by Chrysalis
  • 2 weeks later...
Spudulike

Spudulike

Posted
Posted
8 hours ago, urban.spaceman said:

Exciting times. 
 

https://www.thetimes.com/sport/football/article/man-city-115-charges-clubs-seek-compensation-lost-income-32v3wrzf3

Must've been expensive helping the Premier League to understand their own rules. An award of costs must be appropriate but I think the burden will be spread amongst the other Premier League clubs?

 

Would this count towards P&SR :dunno:

  • 3 weeks later...
87fox

87fox

Posted
Posted (edited)
2 minutes ago, splinterdream said:

anybody know when we hear about whether the club met PSR for last season?

Everton and Forest were charged with breaches mid-January last season.

Edited by 87fox
  • Like 1
Nick

Nick

Posted
Posted

In all this new manger circus, I read that we have to submit more accounts for PSR later this year or at the end of next season which were reported as being a risk to potential new suitors for the position as we may still be fined or receive a points deduction.

 

Is there anything in this?

ClaphamFox

ClaphamFox

Posted
Posted (edited)
11 minutes ago, Nick said:

In all this new manger circus, I read that we have to submit more accounts for PSR later this year or at the end of next season which were reported as being a risk to potential new suitors for the position as we may still be fined or receive a points deduction.

 

Is there anything in this?

Last year the EFL tried to submit a business plan on us because they suspected we were likely to breach PSR for 2021-24, but we successfully prevented them from doing so. However, they did later succeed in imposing a transfer ban on us, although this was basically just symbolic as the transfer window wasn't open at the time and we were able to start buying players again as soon as we became a PL club. We then received around £40m from Chelsea for Maresca and KDH, which will count towards last year's accounts. Nobody outside the club yet knows whether the money received from Chelsea enabled us to avoid a breach for 2021-24, but most reports suggest it will be close either way - ie, we'll either have just avoided a breach or marginally breached. If it's the former, we have nothing to worry about; if it's the latter, we could face a small points deduction.

Edited by ClaphamFox
  • Thanks 1
Fox forever

Fox forever

Posted
Posted
On 23/11/2024 at 17:50, splinterdream said:

anybody know when we hear about whether the club met PSR for last season?

We don’t have to submit our PSR calculation until 31 December 24. So sometime in Jan or early Feb we should know 

  • Thanks 1
fazzyfox

fazzyfox

Posted
Posted
16 minutes ago, STUHILL said:

I think the other Premier League clubs should be offered a Man City player lucky dip. 

Come home Haaland :fc:

It'll be Scott Carson on a four year deal :frusty:

  • Haha 2

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