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

[Fox92]

13 minutes ago, moore_94 said:

Doesn’t really say anything different to what we already know
 

https://www.telegraph.co.uk/football/2025/01/09/leicester-face-points-deduction-possible-spending-breach/
 

To be clear, Dewsbury-Hall’s sale to Chelsea was officially announced on July 2 but completed in time to be included in the 2023-24 accounts.

I really liked the following quote:

 

Quote

Steve Cooper was sacked in a move which cost the club millions in compensation. Owner Aiyawatt “Top” Srivaddhanaprabha made the decision but was annoyed to be forced into action as it was unplanned expenditure (though outside the current financial year being examined).

So he appoints a rubbish manager and is then annoyed he has to sack him which costs us money.

[Happy Fox]

Just now, Fox92 said:

I really liked the following quote:

 

So he appoints a rubbish manager and is then annoyed he has to sack him which costs us money.

You couldn’t make it up, he’s clueless isn’t he?

[StanSP]

Just now, Happy Fox said:

You couldn’t make it up, he’s clueless isn’t he?

So are his underlings. 

[Sol thewall Bamba]

2 minutes ago, Fox92 said:

I really liked the following quote:

 

So he appoints a rubbish manager and is then annoyed he has to sack him which costs us money.

I think it's becoming increasingly clear that he's just thick. 

Edited 9 January by Sol thewall Bamba

[Happy Fox]

Just now, StanSP said:

So are his underlings. 

Yes very true and he won’t remove them, so it’s only going to go one way which is relegation again.

[StanSP]

We're done as a football club, aren't we ? 

 

What a sad time to be supporting us. Run into the ground through sheer incompetence. 

[Happy Fox]

RVN really didn’t do his due diligence did he? Enzo probably told him a bunch of crap he knew what was has happening behind the scenes. 

[StanSP]

Saying we've been harshly treated sounds like we know we're being targeted by the PL but deep down we know we screwed up. And are just doubling down on being 'privately confident'. 

 

Private enough to leak to the press, right

 

[Grebfromgrebland]

Relegation just feels more and more likely right now. 

 

The team needs a boost from somewhere and in front think it's going to come. 

 

Looking at the potential cost of the Eduard deal is a shocker and we're lumbered with him by the looks of it. 

 

 

[Oldblueyes]

14 minutes ago, les-tah said:

Why does this feel like an after thought surely we should of done a chelsea and sold this asset or transferred it a long time ago to comply. We dont need 2 training grounds.

We don't need two clubs and the expense of running a ladies team in the WSL either. 

Edited 9 January by Oldblueyes

[Nolucklcfc]

6 minutes ago, Fox92 said:

I really liked the following quote:

 

So he appoints a rubbish manager and is then annoyed he has to sack him which costs us money.

Honestly it’s staggering 

[st albans fox]

11 minutes ago, les-tah said:

Why does this feel like an after thought surely we should have done a chelsea and sold this asset or transferred it a long time ago to comply. We dont need 2 training grounds.

 Doesn’t help to sell an asset for what it’s already in the books for. You get 10m cash in and have to lose 10m from your assets.  Chelsea were able to make a lot because what they sold was massively undervalued in their books. 

 

we could sell our ladies team based I doubt that has much value against it but we’d have to justify the amount. Chelsea are one of the best women’s teams in the world with players of value. they can make a good case to justify the price.  I reckon we probably could have generated 10m profit on a sale of the womens team but no one thought of it and we’d then lose the ability to make a big deduction each season against the running costs of the women’s team.  Chelsea have also lost that but the sale cost kicks the can down the road for enough years that they expect psr to not exist by the time it would become a negative for them. 

[st albans fox]

4 minutes ago, Oldblueyes said:

We don't need two clubs and the expense of running a ladies team in the WSL either. 

The expense of the ladies team is deducted from the PSR losses. 

[RizLCFC]

This is proper heartbreaking stuff really. We are finished! 

[StriderHiryu]

2 hours ago, fox_favourite said:

So let's say we've breached Psr and given 6pts deduction. We're relegated. So we're done with the premier league for years, in my opinion. 

 

So we know we are going down to championship where we'll have a points deduction, a business plan enforced and more to note, a transfer embargo. So, we won't be ae to buy players and we'll obviously sell our stars who will be picked off. Vards leave. I'm guessing Mads, Winks, Ndidi, Soumare, maybe Skipp, Fatawu, Ricardo, etc leave. We basically are forced to use what's left with starting point of minus points. 

 

So why not screw PSR, sign players when we can now, talented youngsters from around the leagues on long contracts and build a team for next season? 

 

Or does the transfer embargo get lifted if get money from sales?

 

Also if the club are 'confident' they haven't breached, why haven't there been more rumours/movement on signings. The lack of rumours suggest to me there's doubt and this troubling 

 

Wolves and Ipswich are confident as they've made signings. Why aren't we looking at loans from abroad? The whole operation stinks of ineptitude 

I think the issue is that after relegation we would be put on a financial plan, which would involve selling any sellable asset and / or loaning them out. When Leeds went down, see how many players they had to sell or just loan out for the season. Last time we went up, we had the highest wage bill in Championship history. If this time round it's halved, AND there's a points deduction AND an embargo... it's probably playoffs in season one at best.

[Ric Flair]

1 minute ago, StriderHiryu said:

I think the issue is that after relegation we would be put on a financial plan, which would involve selling any sellable asset and / or loaning them out. When Leeds went down, see how many players they had to sell or just loan out for the season. Last time we went up, we had the highest wage bill in Championship history. If this time round it's halved, AND there's a points deduction AND an embargo... it's probably playoffs in season one at best.

Leeds had to do that because of the clauses in the contracts, not because the EFL had enforced any such restraints due to PSR.

[RizLCFC]

We’ll also get charged next season by the EFL right?

[Pliskin]

You would like to think that whilst we were paying for the services of De Marko, we used a bit of foresight to see where we were heading this year? Which is why we might be saying we’re confident. 
 

To be honest, I think the PL will chance it and charge us regardless, just so we have our day in court so to speak. 

[AKCJ]

Would the EFL still have the ability to punish us next season if we are punished this season?

 

If they aren't then I would rather we just got it over with so we have a clean slate next season. We've got a big rebuild to do and a lot of swamp water to drain.

[Pliskin]

Just now, RizLCFC said:

We’ll also get charged next season by the EFL right?

Yes. Hence why we are totally ****ed if we go down, it’s not quite as simple as a lot of people seem to think. 

[jonthefox]

5 minutes ago, StriderHiryu said:

I think the issue is that after relegation we would be put on a financial plan, which would involve selling any sellable asset and / or loaning them out. When Leeds went down, see how many players they had to sell or just loan out for the season. Last time we went up, we had the highest wage bill in Championship history. If this time round it's halved, AND there's a points deduction AND an embargo... it's probably playoffs in season one at best.

I think you might be underestimating the strength of the championship. Mid table at best I reckon 

[StriderHiryu]

3 minutes ago, Ric Flair said:

Leeds had to do that because of the clauses in the contracts, not because the EFL had enforced any such restraints due to PSR.

Ok that's good to know. How does the plan work though? Because my guess is that they will say "revenues = 30M, wage bill = 60M. You need to cut the wage bill by 30M", and then force us to do that.

[Babylon]

24 minutes ago, TheGoldenGod said:

• He basically says we believe we're being harshly treated but it's expected that we breached and quotes Swiss Rambles estimates. 
• Says we're not going to be backed much in this window, we want to terminate Eduoards loan and look for cheap fullbacks but that's about it.
• Says we're going to return to the model of selling one key asset each summer and flags Mads Hermansen as really the only big possible sale with a Man Utd chief goalkeeping scout recently watching him.

 

King Power Out.

 

 

It doesn't say that, he clearly says only we and the league know. 

 

...................

 

"There is a suspicion among other top-flight clubs that the Premier League is ready to adopt a hardline stance with Leicester."

 

I really don't get this, the rules are the rules. How exactly can you take a hardline stance? That suggests punishment outside of the rules, but as we already know, our team have had them on strings so far. If they try and punish us outside of how it's written, we're just going to go after them again and make sure it's all done as layed out. 

[EastAnglianFox]

1 minute ago, RizLCFC said:

We’ll also get charged next season by the EFL right?

 

Oh yes, even more of a certainty with that one

[TheGoldenGod]

Just now, RizLCFC said:

We’ll also get charged next season by the EFL right?

This is what I don't get. How can we get done by both the PL and EFL for 23/24? We were only under one jurisdiction surely?