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

[Vowels]

1 minute ago, TommyK said:

Wed be pretty stupid to tell them what our defense would be outside of a official hearing. 

You'd think so, but a lot of it will be discussed prior to any hearing. That's the way the legal system works here in the UK and presumably elsewhere; especially with these huge organisations.

[st albans fox]

2 minutes ago, TommyK said:

Wed be pretty stupid to tell them what our defense would be outside of a official hearing. 

not rocket science what our main defence will be if we’ve breached 83m 

also not rocket science that the PL’s rules as written are not fit for purpose on this T-1, T-2 

 

it’s in both parties interest for this not to come to charge 

 

lots of cases are discussed as described above without comign to a charge 

[STUHILL]

I think we should be arguing we are not even a Football club anymore. I haven't seen us resemble one for years. Do your work De Marco

[Les-TA-Jon]

4 hours ago, Les-TA-Jon said:

The PL handbook is here: https://resources.premierleague.pulselive.com/premierleague/document/2024/12/11/e9aa1b9e-a7d5-4788-8afe-6e07b8a5f5fc/TM1603-PL_Handbook-and-Collateral-2024-25_11.12_DIGITAL.pdf

 

Page 99

Page 103

Page 135

 

So for this period which we're currently reporting on: 

• T = year ending June 30th 2024
• T-1 = year ending May 30th 2023
• T-2 = year ending May 30th 2022

We were only in the Football League for "T" not "T-1" - doesn't Rule E.54 plainly state that the £22m reduction for allowable losses will not apply?  

 

EDIT: I think the above clearly shows that last season (T) won't be reduced by £22m (even though we were part of The Football League). But as @filbertway rightly points out, our previous appeal hinged on us successfully arguing that by the end of the accounting period for the relegation season (T-1) we were part of The Football League, not the Premier League. 

 

Therefore, surely, our allowable losses will be reduced by £22m? 

 

(Unless 'for each season covered by T-1...in which the Club was in membership of The Football League" is contestable. Because that season wasn't covered by us being an EFL team. It was only a small portion of it?) 

 

 

 

 

 

2 hours ago, filbertway said:

I find it impressive that we were not Championship or Premier league club on 30th June 2023.

 

2 hours ago, Les-TA-Jon said:

 

 

 

As per our successful appeal to the PL's previous charge, we successfully argued we were a EFL team (which I think you're alluding to?). 

 

But as per the rules above, the debate isn't really about whether or not we were officially a PL or EFL club at the end of the previous accounting period. 

 

It's about which years the EFL reduction apply to or not. The rules cleary say they apply to years 2 and 3 of each rolling period, not to year 1. 

 

2 hours ago, Les-TA-Jon said:

T = last season (EFL team)

T-1 = relegation season 

T-2 = finished 8th 

 

You're right though I suppose - our previous appeal was about T-1 wasn't it. I.e we were relegated and transferred our PL share before the end of the accounting period. 

 

This very much muddies the waters! 

Further to all of this a "season" is defined as: 

 

 

So I'd argue we can say that: 

• £22m reduction only applies to T-1 and T-2, not T
• We were not a PL team by the time the accounting period for T-1 ended - hence our successful appeal
• But that doesn't mean the PL can reduce our allowable losses for T-1 by £22m, because during the season of T-1 we were a PL team

 

 

[coolhandfox]

52 minutes ago, Les-TA-Jon said:

 

 

 

 

 

 

 

Further to all of this a "season" is defined as: 

 

 

So I'd argue we can say that: 

• £22m reduction only applies to T-1 and T-2, not T
• We were not a PL team by the time the accounting period for T-1 ended - hence our successful appeal
• But that doesn't mean the PL can reduce our allowable losses for T-1 by £22m, because during the season of T-1 we were a PL team

 

 

100% as the PL have found it the textural meaning of the rules not the spirit.

 

 

[Sol thewall Bamba]

Is it today or tomorrow that we find out?

[CL Fox]

1 minute ago, Sol thewall Bamba said:

Is it today or tomorrow that we find out?

Tomorra.

[tcrofts]

4 hours ago, egg_fried_rice said:

Announce breach 

Is he any good at right back?

[foxile5]

10 minutes ago, tcrofts said:

Is he any good at right back?

Used to be but we broke him a couple of seasons back

[FoyleFox]

48 minutes ago, Sol thewall Bamba said:

Is it today or tomorrow that we find out?

Originally the news stories said today but today it's saying tomorrow. 

[LcFc_Smiv]

Just come up on SSN that clubs being charged by the PL will be announced tomorrow.

[Blue-fox]

7 minutes ago, LcFc_Smiv said:

Just come up on SSN that clubs being charged by the PL will be announced tomorrow.

Plural….

[Bert]

Maybe later the whispers might begin to appear. The club will know by now that’s for sure. 

[fox_favourite]

Just now, Bert said:

Maybe later the whispers might begin to appear. The club will know by now that’s for sure. 

I'm surprised there hasn't been already. The decisions would have been made, so someone will know and the club will know. 

[Bilo]

2 minutes ago, Bert said:

Maybe later the whispers might begin to appear. The club will know by now that’s for sure. 

 

1 minute ago, fox_favourite said:

I'm surprised there hasn't been already. The decisions would have been made, so someone will know and the club will know. 

No news is good news?

 

That said, there doesn't seem to be coverage specifically relating to any club right now.

[Nolucklcfc]

Surprised it’s not been leaked 

[Corky]

7 hours ago, ClaphamFox said:

This was published by a law firm last May. Apparently the PL has provided very little guidance for the independent panels to work from, making it very difficult to predict the level of deduction any team might have for a certain level of breach. However, at a basic level it seems that if you breach, the starting point is a three point deduction. After that, aggravating and mitigating factors can be considered which may increase or reduce the deduction. You'd assume that a large breach is one of the aggravating factors considered, while a very small breach might be a mitigating factor. I'm just guessing though...

 

https://www.2harecourt.com/2024/05/30/psr-points-deductions-a-guide-to-the-lack-of-guidance/

Proves really that the PL were not interested in any of this until the threat of the regulator came in and now still aren't trying to nail down punishments etc. The fact that hotel sales, car park sales, teenagers going for £15 million after a few games shows how ridiculous it all is.

 

I think financial control is important but it is basically a lottery as to what is and isn't allowed, plus the timing of the financial year v end of the season. If we have breached we deserve a punishment but the whole thing needs overhauling. Even Kieran Maguire did not seem impressed with the overall situation of the regulations.

[fox_favourite]

We've already proven that the rules are a pile of frozen dog mess from a week a go. 

 

The fact none of the big clubs have been charged and it seems there is no consistency to the rules or the punishment to me shows how thick the whole process is. What are punishments judged on? It's not points per breached amount. It's decided by an independent panel that has ruled against the premier league. If your face don't fit, you get punished more.

 

So many holes in a rules, they might as well scrap it. I'm all for control on spending etc...but it's not a level playing field. 

[RyCleary]

Reckon even if we’re going to get off on a technicality we’ll still be charged to try and put players off joining us

[Sly]

Heavily rumoured to be us. SHOCK.

[Sly]

Also, the bizarre thing is, it’s all about how you dress the accounts up in reality. 
 

I get the need for financial control; however you can cook the books to show anything you want within reason. 

[Lad1966]

On 09/01/2025 at 21:08, DerbyshireFox said:

Le Fee to Sunderland on loan with an obligation to buy. Good coup for Sunderland. Baffling we couldn’t/didn’t look at a deal and add some creativity! Be interested to know the fee (pun intended!) as Roma brought him for £19m. Depressing when sides in the division below are showing more imagination and ambition than we are!

 

4 minutes ago, Sly said:

Heavily rumoured to be us. SHOCK.

By whom?

[whitlock]

SSN they say ‘clubs’ either they know it’s more than one, or it’s just a matter of fact, tomorrow is the date for clubs to get charged - might be us, might be no one.

Edited 13 January by whitlock

[jbflcfc]

I honestly think you would of heard something leaked by now if we have..

[Bilo]

5 minutes ago, Sly said:

Heavily rumoured to be us. SHOCK.

Where?

 

I'm not seeing anything anywhere.