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

[Bilo]

3 minutes ago, Pliskin said:

Borson and Maguire are both probably using previous accounting periods to predict where the club are, coupled with their knowledge of the financial differences between the championship and the EPL. So what they’re saying is again just purely speculation and calculated guess work. Some reacting as if the books have been passed by those two first before reaching the EPL…… 
 

When it comes to talk sport it should be completely ignored, their existence is based on being controversial, they are like WWE for sport, just spout shit day in day out so hey can tempt vulnerable listeners onto their shows to then have an argument with them and call them idiot. 

Ultimately, they're freelance journalists in a digital age. Clicks and engagement is how they make their bread.

 

'Club X likely to fail PSR' just gets fans of Club X clicking on the link, and possibly the clubs competing with them at their end of the table. Say Club X is us. That would mean Leicester fans, Ipswich fans and possibly Wolves fans clicking on the link.

 

If however you go with, 'Premier League club likely to fail PSR. Club X, Y and Z face nervous wait until January 10th,' you don't just get fans of those clubs clicking on the link, you get the clubs around them again. Say those clubs are us, Everton and Forest. Now you get fans of Leicester, Everton, Ipswich, West Ham, Wolves, Forest, Arsenal, Chelsea and Newcastle clicking.

 

A slight change to the wording of the headline has trebled the audience. The substance and detail of the article is unchanged. Half of the Premier League is now talking about your article. Clicks, engagement, invites onto TalkSPORT as it goes viral, the lot.

 

In reality, there's probably two or three clubs who may or may not be sweating. There's a lot of guesswork involved. You could make strong arguments for us and Everton being in breach or being in the clear. 

[Pliskin]

13 minutes ago, Bilo said:

Ultimately, they're freelance journalists in a digital age. Clicks and engagement is how they make their bread.

 

'Club X likely to fail PSR' just gets fans of Club X clicking on the link, and possibly the clubs competing with them at their end of the table. Say Club X is us. That would mean Leicester fans, Ipswich fans and possibly Wolves fans clicking on the link.

 

If however you go with, 'Premier League club likely to fail PSR. Club X, Y and Z face nervous wait until January 10th,' you don't just get fans of those clubs clicking on the link, you get the clubs around them again. Say those clubs are us, Everton and Forest. Now you get fans of Leicester, Everton, Ipswich, West Ham, Wolves, Forest, Arsenal, Chelsea and Newcastle clicking.

 

A slight change to the wording of the headline has trebled the audience. The substance and detail of the article is unchanged. Half of the Premier League is now talking about your article. Clicks, engagement, invites onto TalkSPORT as it goes viral, the lot.

 

In reality, there's probably two or three clubs who may or may not be sweating. There's a lot of guesswork involved. You could make strong arguments for us and Everton being in breach or being in the clear. 

Spot on.

[Happy Fox]

7 minutes ago, Pliskin said:

Spot on.

The Guardian first reported it, unless they are click bait as well? I think we have f**ked up and even if it’s minor it’s still a damning indictment for our ownership and Rudkin, yet again. If RVN calls it quits or is pretty miffed at the board due to lack of transfer money we have every right to protest these charlatans out of our club.

[Bilo]

Just now, Happy Fox said:

The Guardian first reported it, unless they are click bait as well? I think we have f**ked up and even if it’s minor it’s still a damning indictment for our ownership and Rudkin, yet again. If RVN calls it quits or is pretty miffed at the board due to lack of transfer money we have every right to protest these charlatans out of our club.

The Guardian also said that the KDH sale wouldn't be part of the accounting period, when both John Percy and the BBC reported at the time of the sale that it would be. If Percy and the BBC are right, and they usually are on matters concerning us, that puts the Guardian £30m out straight away. 

[Happy Fox]

1 minute ago, Bilo said:

The Guardian also said that the KDH sale wouldn't be part of the accounting period, when both John Percy and the BBC reported at the time of the sale that it would be. If Percy and the BBC are right, and they usually are on matters concerning us, that puts the Guardian £30m out straight away. 

I am sure the Guardian would have done their research maybe the sale of KDH wasn’t done, or maybe the premier league has the Guardian in their pocket and has done a rebuttal piece. 
 

But either way this is not good publicity for the club and yet again shines our ownership and Rudkin in poor light.

[Bilo]

2 minutes ago, Happy Fox said:

I am sure the Guardian would have done their research maybe the sale of KDH wasn’t done, or maybe the premier league has the Guardian in their pocket and has done a rebuttal piece. 
 

But either way this is not good publicity for the club and yet again shines our ownership and Rudkin in poor light.

They could be going by the club announcement date of the sale, which was July 2nd and therefore two days after the accounting period. However, Percy reported it on June 30th (the accounting date) and the BBC's version of the announcement reported on July 2nd made clear that the sale was completed before the accounting deadline.

[foxfanazer]

3 minutes ago, Happy Fox said:

I am sure the Guardian would have done their research maybe the sale of KDH wasn’t done, or maybe the premier league has the Guardian in their pocket and has done a rebuttal piece. 
 

But either way this is not good publicity for the club and yet again shines our ownership and Rudkin in poor light.

Do they care? Who are they held accountable to? 

 

There's zero pressure on them from the fans. In what other profession could you make such high profile mistakes which cost the company multiple millions of pounds and be nowhere near to getting the sack?

[ST20]

That's us ****ed for the next few years.

[Pliskin]

26 minutes ago, Happy Fox said:

The Guardian first reported it, unless they are click bait as well? I think we have f**ked up and even if it’s minor it’s still a damning indictment for our ownership and Rudkin, yet again. If RVN calls it quits or is pretty miffed at the board due to lack of transfer money we have every right to protest these charlatans out of our club.

The guardian are no different to any other media source. They’re using the same theory and logic as Maguire et al. The fact is, no one knows bar the club…. No one else would have seen their accounts and they certainly wouldn’t have leaked anything to anyone….. we might have breached, but we might not…. No one knows the finer details of the accounts that could negate a breach, until it’s announced on the 13th. People say no smoke without fire, but its purely guess work and theory… if it turns out to be true they all say “told you so” if it doesn’t they try to suggest they were right and we’ve pulled a fast one. 
 

This guardian article is no different, it’s all “might” get punished “might face an anxious wait”….. clickbait is clickbait no matter what the source. 

[Number 6]

Why would we have been rushing the KDH sale through if it wasn't in that accounting period? Doesn't make sense. It will be in this period.

[ClaphamFox]

5 minutes ago, Number 6 said:

Why would we have been rushing the KDH sale through if it wasn't in that accounting period? Doesn't make sense. It will be in this period.

My only niggling doubt about the KDH transfer is that I seem to recall it being reported at the time that the transfer went through on the 1st or 2nd of July but that the club 'should' have been able to include it in 2023/24 because we'd agreed a deal with Chelsea (and could prove it) before 30 June. My worry - possibly baseless - is that because the transfer went through after 30 June, our right to include it within 2023/24 was entirely at the discretion of the PL - ie, they weren't compelled by the rules to give us that flexibility. Because if we were dependent on the PL's good will for KDH's transfer to be included within 2023/24, then....well, I think we all know what the outcome will be.

[Number 6]

Just now, ClaphamFox said:

My only niggling doubt about the KDH transfer is that I seem to recall it being reported at the time that the transfer went through on the 1st or 2nd of July but that the club 'should' have been able to include it in 2023/24 because we'd agreed a deal with Chelsea (and could prove it) before 30 June. My worry - possibly baseless - is that because the transfer went through after 30 June, our right to include it within 2023/24 was entirely at the discretion of the PL - ie, they weren't compelled by the rules to give us that flexibility. Because if we were dependent on the PL's good will for KDH's transfer to be included within 2023/24, then....well, I think we all know what the outcome will be.

If true then we'd be in for some months of legal arguments on this. The whole motivation for the transfer from ours and seemingly the player's side, was to assist the financials.

[ashbyj]

Did we keep the receipt for Oliver Skipp?

[Bluetintedspecs]

I personally am confident KDH sale and Enzo compensation will be included in the calculations based on the reports at the time. 

Noone knows , bar the club and EPL,  and definitely not the clickbait 'finance experts'.

Someone mentioned swissramble yesterday, anything on that? 

I still lean towards us being OK,  time will tell obviously 

[Number 6]

It's quite funny because if this ends up not being us and instead is someone like Everton then it could actually be great for our chances of survival 😂. Boom or bust.

[Bourbon Fox]

14 hours ago, Winstonthedog said:

We had the chance to establish ourselves after we won the Premier league... in Europe ... cash was rolling in ... but it was invested in poor to average players instead of good up and coming youth and coaches and management to match ... the ship has sailed is now sinking 

This is what Enzo was saying, via his man Ballague: that the internal structure of the club was lacking in ambition and elite quality.

 

That's what Pearson was building - top-class coaching, sports science, scouting and recruitment.

 

Ranieri benefitted from it and then started to change it. It was completely wrecked under Rodgers. Enzo saw the issues but realised that the board weren't on the same page and decided to go somewhere with the money and elite mentality to actually go places.

 

We'll see if Ruud is able to change it, but the early signs aren't good and we've lost the revenue momentum that would have allowed us to fund it.

 

We have pissed away our big chance, and I think that's the difference between Vichai and Top sadly.

[87fox]

Swiss Ramble has us at £12 million over the threshold (after allowable deductions and including the KDH money).



https://swissramble.substack.com/p/which-clubs-are-restricted-by-psr-bde

(You get one free article if you download the Substack app and verify your phone number)

For anyone not understanding how other clubs have passed, read the article as it breaks down each club individually.

Edited 8 January by 87fox

[Bourbon Fox]

19 minutes ago, Bluetintedspecs said:

I personally am confident KDH sale and Enzo compensation will be included in the calculations based on the reports at the time. 

Noone knows , bar the club and EPL,  and definitely not the clickbait 'finance experts'.

Someone mentioned swissramble yesterday, anything on that? 

I still lean towards us being OK,  time will tell obviously 

Username checks out

[87fox]

Just now, 87fox said:

Swiss Ramble has us at £12 million over the threshold (after allowable deductions and including the KDH money).

https://swissramble.substack.com/p/which-clubs-are-restricted-by-psr-bde

(You get one free article if you download the Substack app and verify your phone number)

For anyone not understanding how other clubs have passed, read the article as it breaks down each club individually.

If Swiss Ramble is approximately correct, I can only think the club's confidence stems from another loophole in the rules (the T / T1 / T2 one that Stefan Borson highlighted in September and someone posted yesterday)

[stu]

12 minutes ago, 87fox said:

Swiss Ramble has us at £12 million over the threshold (after allowable deductions and including the KDH money).



https://swissramble.substack.com/p/which-clubs-are-restricted-by-psr-bde

(You get one free article if you download the Substack app and verify your phone number)

For anyone not understanding how other clubs have passed, read the article as it breaks down each club individually.

Thanks for sharing, regarding your comment about other clubs having passes does that mean that Swiss Ramble believes we are the only ones at risk of breaching?

Edited 8 January by stu

[87fox]

4 minutes ago, stu said:

Thanks for sharing, regarding you comment about other clubs having passes does that mean that Swiss Ramble believes we are the only ones at risk of breaching?

They've got Bournemouth, Ipswich, Man Utd, and Forest as particularly close (passing by £1m-£2m), Newcastle close (passing by £7m) and everyone else easily passing.

They only cover the current PL teams so no indication on the clubs relegated in 2023/24.

 

[Number 6]

20 minutes ago, 87fox said:

Swiss Ramble has us at £12 million over the threshold (after allowable deductions and including the KDH money).



https://swissramble.substack.com/p/which-clubs-are-restricted-by-psr-bde

(You get one free article if you download the Substack app and verify your phone number)

For anyone not understanding how other clubs have passed, read the article as it breaks down each club individually.

Oddly he has our player sales as Madison + Barnes, but could be a mistype.

[Fox forever]

Can someone explain to me how he knows our 2023/24 results when they are not public knowledge yet

[Chelmofox]

Just now, Fox forever said:

Can someone explain to me how he knows our 2023/24 results when they are not public knowledge yet

The dont know. It will all be largely intelligent guesswork based on previous submissions and what they assume will be added to the accounts through transfer activity. 

 

However, the fact that this bunch think we are the only ones that have breached tells many of us what we already know. We are going to be at best very, very close.

[DezFox]

30 minutes ago, 87fox said:

Swiss Ramble has us at £12 million over the threshold (after allowable deductions and including the KDH money).

https://swissramble.substack.com/p/which-clubs-are-restricted-by-psr-bde

(You get one free article if you download the Substack app and verify your phone number)

For anyone not understanding how other clubs have passed, read the article as it breaks down each club individually.

I assume these are realiable,  how confident are you that that’s that then?