Leicester at risk of another Premier League PSR charge over latest accounts

[Guest Bilo]

5 minutes ago, Nolucklcfc said:

It wouldn’t surprise me if we still breached 

John Percy is just about the most respected and knowledgeable journalist there is on us. If he says we're in line, I feel pretty confident. 

[Guest Bilo]

Just now, Babylon said:

Doubt they said a word. If they did, every club “may” have a case to answer. Wording is everything. 

Ultimately, we mugged them off. If we've breached, they'll be all over us like a cheap suit. The mealy-mouthed may have a case to answer suggests they're less than bullish.

[Muzzy_no7]

They fancy investigating the blatant transfer cheating that went on between Villa, Everton, Chelsea and Forest etc? Kellyman, the Greek goalkeeper, Anderson, etc

 

Nah, didn’t think so.

 

We upset so many when we won 3 trophies in the last 8 years. 

[Guest Bilo]

Just now, Muzzy_no7 said:

They fancy investigating the blatant transfer cheating that went on between Villa, Everton, Chelsea and Forest etc? Kellyman, the Greek goalkeeper, Anderson, etc

 

Nah, didn’t think so.

 

We upset so many when we won 3 trophies in the last 8 years. 

It's pretty obvious they're out to get us for both upsetting the apple cart between 2016 and 2021, but mainly for making them look silly in September. The collusion between other clubs in breach, Chelsea's questionable sponsor and hotel deals and Forest's equally questionable sponsorship deal all absolutely stink.

[StanSP]

51 minutes ago, Bilo said:

Also confirmed by Percy. Check the date of the tweet.

 

This is clickbait and, quite probably, someone at the Premier League making mischief.

 

 

And just so happens to be on the day the transfer window opens

 

[urban.spaceman]

1 hour ago, Ian Nacho said:

Leicester at risk of another Premier League PSR charge over latest accounts
Club recorded big losses over previous two years

League sources say Leicester may have case to answer.

Leicester face a nervous wait to discover whether they will be charged by the Premier League with breaching profitability and sustainability rules (PSR) for a second successive season. The club are one of several in the top flight who had to submit their financial accounts for the 2023-24 season by 5pm on New Year’s Eve, because they have recorded losses over the past two years, and will be told by 13 January whether they have breached PSR.

Leicester escaped a Premier League points deduction earlier this season after they were charged with a £24.4m breach for the 2022-23 season. The club’s legal team successfully persuaded an independent commission that, having been relegated at the end of that season, Leicester were not in the Premier League when they submitted their accounts for that period on 30 June 2023

The club recorded pre-tax losses of £92.5m and £90m for the 2022 and 2023 financial years respectively, however, so are at risk of being charged with another breach. Given the points deductions handed out to Everton and Nottingham Forest last season, any charge could be a severe blow to Leicester’s survival hopes, with Ruud van Nistelrooy’s side second-bottom at the halfway point.

Premier League rules restrict clubs to losses of £105m over a three-year period if all those years were spent in the top flight. Because Leicester were in the Championship last season their permitted losses for the current three-year cycle will be reduced by £22m, owing to the English Football League’s stricter spending limits. The club’s losses will have been reduced by last season’s player sales, with Harvey Barnes’s £38m move to Newcastle and Timothy Castagne’s £15m transfer to Fulham to be included in their latest accounts, along with the £10m compensation received from Enzo Maresca’s move to Chelsea. The £30m sale of Kiernan Dewsbury-Hall to Chelsea will not be included because that did not go through until July 2024.

Leicester have expressed confidence they will avoid another charge, but Premier League sources feel the club may have a case to answer.

As previously reported by the Guardian Leicester could face charges from the EFL for overspending during the 2020-23 period at the end of this season if they are relegated.

Under regulations introduced 18 months ago, designed to ensure that any PSR breaches are dealt with swiftly, all Premier League clubs that have posted aggregate losses over the previous two accounting periods must hand in their accounts for the previous season by 31 December. Premier League lawyers and accountants will spend the next fortnight assessing the numbers to determine whether there have been any PSR breaches, with any decision to charge published by 13 January.

Given Leicester were found to be in breach by £24.4m for the 2022-23 season they are the club most vulnerable to charges. Chelsea, Everton and Forest sold players last summer so are confident of complying with PSR.

 

https://www.theguardian.com/football/2025/jan/01/leicester-at-risk-of-another-premier-league-psr-charge-over-latest-accounts?CMP=Share_AndroidApp_Other
 

Media clickbait plant from the PL/EFL.

 

We're about to expose their rules as being poorly written and contradictory again.

 

 

[volpeazzurro]

59 minutes ago, sdb said:

Bloody hell. It's never easy is it. I'm longing for the Puel days tbh.

He could probably do a better director of football role than our incumbent. 

[Guest Bilo]

12 minutes ago, volpeazzurro said:

He could probably do a better director of football role than our incumbent. 

Unironically so. That summer 2018 transfer window was the launchpad for three years of success.

[Wink84]

2 hours ago, Ric Flair said:

KDH sale not included in 2023/24 is surely incorrect. If it isn't and we fail because of it then we are utter morons.

I thought that was the whole purpose of selling him in the summer. Pure incompetence if its true.

[VLC86]

7 minutes ago, Wink84 said:

I thought that was the whole purpose of selling him in the summer. Pure incompetence if its true.

Rudkin and co have a degree in it.

[LinekersLugs]

It’s clear we now need a very public display and plan to force Kingpower out of our club 

 

top is incapable of running a football club 

[LinekersLugs]

2 hours ago, Bilo said:

John Percy is just about the most respected and knowledgeable journalist there is on us. If he says we're in line, I feel pretty confident. 

He used the word SHOULD 

 

NOT 

 

WILL …… ENSURE 

 

We are in trouble 

[FoxFossil]

PL in thinly disguised attack on club to undermine this critical transfer window. Timing is everything.

Edited 2 January 2025 by FoxFossil

[CrazyKopCorner]

We are an atrociously run club and the fact we are continually on the edge, at least of breaching, is really poor. 
 

However,  the main reason for PSR should be to safeguard the solvency of clubs and although we continue to run up debts we are however financially stable and a below average risk - the whole things a complete nonsense 

[Bert]

9 hours ago, Bilo said:

John Percy is just about the most respected and knowledgeable journalist there is on us. If he says we're in line, I feel pretty confident. 

But that’s only from what he’ll have been told from the club though. 

[Jonezy]

I'm really in a period of pure hate in the love/hate relationship with this club. We are such a mess.

[tinpot_fox]

Romeo: What light through yonder transfer window opens.

 

Richard Masters: LEICESTER ARE AT RISK OF A POINTS DEDUCTION!!!!

 

 

Good job he set an alarm to get the hit piece in on time.

[LCFCJohn]

1 hour ago, FoxFossil said:

PL in thinly disguised attack on club to undermine this critical transfer window. Timing is everything.

It does feel that way. Timing of it to derail the transfer window for us after they did the same in the summer. No doubt if we stay up, they will say the same in about June time as well.

[Lionator]

1 hour ago, FoxFossil said:

PL in thinly disguised attack on club to undermine this critical transfer window. Timing is everything.

Yep whether we are poorly run or not is one thing. PL officials leaking stuff to the press is a clear breach of sporting integrity and is outside interference. The club should take them to court. 

[Guest Bilo]

42 minutes ago, Bert said:

But that’s only from what he’ll have been told from the club though. 

True, but he did say this six months ago. That's before we were exonerated in the previous charge and even longer before this current headline. Honestly, this headline smacks of the PL leaking doubts to the press to create more uncertainty and anxiety. The Guardian article didn't even get the facts right about the timing of KDH's sale, which both the BBC and Percy reported on at the time.

[Richmondfox]

It’s easy for the prem to use their proxies in the press to cause issues and attempt to derail the transfer window.  They did it at the start of the season, now at it again.  They could’ve said this weeks ago but timed it perfectly.  The language is loaded and vague to stir up discontent and will be echoed by other brain dead fans online. 

[Guest Bilo]

6 minutes ago, Richmondfox said:

It’s easy for the prem to use their proxies in the press to cause issues and attempt to derail the transfer window.  They did it at the start of the season, now at it again.  They could’ve said this weeks ago but timed it perfectly.  The language is loaded and vague to stir up discontent and will be echoed by other brain dead fans online. 

Exactly that.

 

It's no coincidence that we were confirmed as in the clear the day after the transfer window closed in the summer, and it's even more unlikely that vague innuendo suggests that we're at risk of a points deduction again the day before the January transfer window opens is an accident.

 

We all thought that they'd shaft us through moody refereeing decisions and overly harsh suspensions for disciplinary issues, but it turns out they've taken this route instead. 

Edited 2 January 2025 by Bilo

[Tommy G]

7 hours ago, LinekersLugs said:

He used the word SHOULD 

 

NOT 

 

WILL …… ENSURE 

 

We are in trouble 

I think you have fallen for the click bait article. 

[kingpowerout]

Could also impact our negotiations with any potential transfer targets if the dark clouds of points deductions are circulating again. All feels very manipulated and targeted and one giant ‘**** you’ to us from the PL who are desperate to see us relegated into a severe EFL charge 

Edited 2 January 2025 by kingpower

[jayfox26]

If we do get found guilty (hopefully not with the KDH money) then there is nowhere to hide and the board needs completely removing.

 

If we aren't guilty, and the PL pursue us again, we absolutely 100% should sue them as they can't keep doing this. 

 

They seem absolutely hell bent on getting us one way or another.