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

[Bluetintedspecs]

The likes of Borson and Maguire don't definitively know anything,  they just surmise , drop soundbites and create the theatre to justify their fees for being 'football finance experts' on the media circuit! 

[Leicesterpool]

Rudkin reminds me of this guy on the titanic

 

[ClaphamFox]

It's so going to be us. However, I find it interesting that we've apparently been briefing the media that we're very confident of not breaching for 23/24. This time last year the club were briefing that we probably had breached for 2022/23 but had a strong case for mitigation. This time it seems we're going to flat-out deny we've breached at all. So if the PL charges us, it can only mean that they have looked at our accounts and come to a very different conclusion about what they actually show. A lengthy legal battle looms...

Edited 6 January by ClaphamFox

[fox_favourite]

If we have breached, then season is over and the knock on affect will be unrepairable for years. It could get seriously toxic in the fan base. 

 

We won't be a premier league team for donkeys. We'll be a lost has been in the championship. 

 

Next season more points deductions, transfer embargo and business plan that will force the sales of players for peanuts. We'll be left with dead wood (less motivated deadwood) and youngsters to keep us above water. 

 

Let's face it our golden era is over. Forest and Brighton have taken the mantle and good luck to then. Let us be a warning of what happens if you get it wrong and the ffp/psr are there to protect the 'bigger" clubs. 

 

If it isn't us. We need to invest. Man, I've woken up in the middle of the night with a cheery outlook.aybe I need to go back to sleep 

 

Edited 7 January by fox_favourite

[Jon the Hat]

On 02/01/2025 at 19:58, Bilo said:

Not sure the gammons will. 😂

 

 

 

Lets not make it look like a modest house now, it is a mansion!

 

[Dahnsouff]

So if it us and we are going to be charged, nice of them to do it during an open transfer window, what is to stop us blasting wads of cash on loads of up and coming prospects, them joining under the knowledge we fully intend to make an immediate return?

Edited 7 January by Dahnsouff

[Claudio Fannieri]

6 hours ago, ClaphamFox said:

It's so going to be us. However, I find it interesting that we've apparently been briefing the media that we're very confident of not breaching for 23/24. This time last year the club were briefing that we probably had breached for 2022/23 but had a strong case for mitigation. This time it seems we're going to flat-out deny we've breached at all. So if the PL charges us, it can only mean that they have looked at our accounts and come to a very different conclusion about what they actually show. A lengthy legal battle looms...

There are allowable losses, so if it is us it’s highly likely down to interpretation of what we have deemed exclusions against what the Premier League deem as accepted losses, so in the red corner we have the PL an organisation who couldn’t administer their own rules against in the blue corner LCFC, who pay big wages to squad filler shite and massive fees for bench warmers and who’s only line of defence is it isn’t fair and is stopping teams from being competitive, whilst being relegated with the most expensive squad in PL history. 
 

Should be interesting, if nothing else 😂😂

[fox_favourite]

7 hours ago, ClaphamFox said:

It's so going to be us. However, I find it interesting that we've apparently been briefing the media that we're very confident of not breaching for 23/24. This time last year the club were briefing that we probably had breached for 2022/23 but had a strong case for mitigation. This time it seems we're going to flat-out deny we've breached at all. So if the PL charges us, it can only mean that they have looked at our accounts and come to a very different conclusion about what they actually show. A lengthy legal battle looms...

Saying very confident seems an odd phrase to me. Accountants at the club should know the rules, should know what will break PSR and what doesn't. So the club should be saying we haven't broken PSR and carry on. Saying very confident, to me, says there's doubt. Whether that's due to a grey area in the accounts, or the rules are so poo that no one is fully sure, which leads to different interpretation of the same thing.

 

Surely if you want clubs to abide by the rules, they have to be clear. But we've proved, the rules are utterly ridiculous. 

Edited 7 January by fox_favourite

[st albans fox]

Unless we’ve leaked this all ourselves in the hope that when we aren’t charged in the next couple of weeks  the fanbase will breathe a huge sigh of relief and not notice that we havent brought anyone in 😄

 

the leaks are typical of what happened last Jan with Everton.  they proved to be correct.  Not sure exactly when they were publicly charged though.  Assume that notification is done privately and may well be mid jan but I think the official stuff isn’t until beginning feb??

 

[Mickyblueeyes]

If we do breach, do we have people telling us we rolled the dice and got unlucky like last time ? 
 

A far harder argument when you are considering that money has been spent on Veste 3 years, Skipp, Ayew on 2 years and an Italian CB we already want to get rid off. 

[ClaphamFox]

4 minutes ago, Mickyblueeyes said:

If we do breach, do we have people telling us we rolled the dice and got unlucky like last time ? 
 

A far harder argument when you are considering that money has been spent on Veste 3 years, Skipp, Ayew on 2 years and an Italian CB we already want to get rid off. 

Skipp, Ayew and the Italian CB weee purchased within this year’s accounting period, not 23/24.

[daddylonglegs]

There is no way that even the incompetent cretins who run this club could have messed up PSR in 23/24. I would be concerned if we hadn't sold KDH & Maresca but there is surely no way we let those two leave if we knew we were going to fail it anyway. Surely. (Surely)

[Babylon]

13 hours ago, lcfc_forever said:

Know I'm contributing to making this thread hot unnecessarily but Maguire's already said on TalkSport last week that he's heard noises from his sources that we're vulnerable to a PSR charge, even though the club are confident there is no issue. He's looked at our finances as well and he thinks it's dicey. 

 

So very likely us in that tweet that's being referenced but nothing new. 

 

We'll know for sure either way soon enough. 

Of course we're vulnerable, we were relying on sales of players and basically selling our manager to pass, it doesn't mean we have failed. And he certainly doesn't have a scooby doo whether we will or won't pass. He's using languange that's good for clicks. "Leicester may or may not face PSR charge" doesn't really bring in the clicks does it. 

[Ric Flair]

2 minutes ago, Mickyblueeyes said:

If we do breach, do we have people telling us we rolled the dice and got unlucky like last time ? 
 

A far harder argument when you are considering that money has been spent on Veste 3 years, Skipp, Ayew on 2 years and an Italian CB we already want to get rid off. 

If we have breached then I do wonder how on earth we could have complied. We sold Barnes, Castagne and KDH in the accounting year which raised north of £80m in player sales and got circa £10m for Enzo. 

 

It would suggest that the summer of 2023 we needed to rely on largely small fee transfers and loans but we spent around £40m (over 4-5 years that's somewhere between £8-10m in amortised fees). So actually it's not a huge number on the bottom line, so if we have breached it's because of the monumental losses of the previous two seasons and the insane wages and contract terms we gave to players and in particular Brendan Rodgers.

[LFEFox23]

For us to even of been mentioned means were on the borderline, which is absolutely scandalous for us to have breached or even close to breaching..... AGAIN!

 

I think its time the fans took action and started demonstrating our disappointment towards the board! 

[Babylon]

6 minutes ago, ClaphamFox said:

Skipp, Ayew and the Italian CB weee purchased within this year’s accounting period, not 23/24.

The costs also get spread over the length of the contract, so they don't even make THAT much difference, even if they counted. 

[Lionator]

He said they don’t play in red and considering us and Forest would be the main candidates, it’ll be us 

[Babylon]

1 minute ago, LFEFox23 said:

For us to even of been mentioned means were on the borderline, which is absolutely scandalous for us to have breached or even close to breaching..... AGAIN!

 

I think its time the fans took action and started demonstrating our disappointment towards the board! 

Well it's not really is it. We got relegated when making massive losses, compounding what was already a problem. It was always going to take years to correct the issues we had.

[Pliskin]

1 minute ago, Babylon said:

Of course we're vulnerable, we were relying on sales of players and basically selling our manager to pass, it doesn't mean we have failed. And he certainly doesn't have a scooby doo whether we will or won't pass. He's using languange that's good for clicks. "Leicester may or may not face PSR charge" doesn't really bring in the clicks does it. 

It’s an easy headline to write, especially concerning us and Everton, because it’s happened before so they can just lazily suggest we’re both at risk again. Like you say, people like Maguire are suggesting we might be at risk…. But I distinctly remember him going on the BSLB podcast a few seasons back and he said we would be “okay” and we wouldn’t go down, and suggested we were a better run club than we thought. So like a lot of what he says is still based on theory, he just has a better understanding than most of the subject, but it doesn’t mean he knows exactly what’s going on with us. 

[LFEFox23]

6 minutes ago, Babylon said:

Well it's not really is it. We got relegated when making massive losses, compounding what was already a problem. It was always going to take years to correct the issues we had.

So there's absolutely nothing they could of done to stop it?

[Mickyblueeyes]

15 minutes ago, ClaphamFox said:

Skipp, Ayew and the Italian CB weee purchased within this year’s accounting period, not 23/24.

Oh sure. I still find it quite concerning that our business plan has evidently not involved from the Veste, Bertrand method of large contracts for mediocre talent. Whichever way you spin it, we are our own worse enemy. 
 

 

[VLC86]

10 minutes ago, Lionator said:

He said they don’t play in red and considering us and Forest would be the main candidates, it’ll be us 

You wouldn’t put it past us but you are ignoring Everton.

[Pliskin]

1 minute ago, LFEFox23 said:

So there's absolutely nothing they could have done to stop it?

I imagine it’s wages, our wages are still hideous aren’t they? I bet we’re still top 12 at least in wage bills. If this is the major issue then what we need is to essentially get rid of everyone, clean the decks and start again. We’re not getting any money for the players because they’re all bad investments, on massive contracts with massive wages…… we’ve got the likes of Danny Ward slumming around Seagrave and I bet he is getting paid more than Forests number 1…… and he isn’t even Third choice. 

[ashbyj]

1 minute ago, Mickyblueeyes said:

Oh sure. I still find it quite concerning that our business plan has evidently not involved from the Veste, Bertrand method of large contracts for mediocre talent. Whichever way you spin it, we are our own worse enemy. 
 

 

Who is we? Please exclude us soon to be former supporters from this sh1t show 😂

[Bilo]

6 minutes ago, VLC86 said:

You wouldn’t put it past us but you are ignoring Everton.

Let's be honest, you could deduct Everton 100 points and they'd just go peak Manchester City before surviving on the last day courtesy of a 99th minute VAR goal where Ashley Young is being played onside by an opposition defender with a massive nose.