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

[lcfc sheff]

I’ve scanned through the video, unless I missed it I think he’s referring to Man City?

[FrankieADZ]

Just now, lcfc sheff said:

I’ve scanned through the video, unless I missed it I think he’s referring to Man City?

its around the 52 mins mark

and he doesnt mention the team

and he says its not a team in red

[Pliskin]

2 minutes ago, FrankieADZ said:

its around the 52 mins mark

and he doesnt mention the team

and he says its not a team in red

I mean, that could still be Chelsea…… or more likely Everton. 

Edited 7 January by Pliskin

[lcfc sheff]

1 minute ago, FrankieADZ said:

its around the 52 mins mark

and he doesnt mention the team

and he says its not a team in red

 

this for 4 days ago, sounds okay here 

[FrankieADZ]

9 minutes ago, lcfc sheff said:

 

this for 4 days ago, sounds okay here 

that interest charge thing mentioned in that video will catch a few out, pretty sure Arsenal are in that one

[The Doctor]

45 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. 

it's 21/22, 22/23, 23/24 we're looking at, with 83m allowance as one season in the championship. we posted losses of 92m and 90m in those first two seasons (prior to deductables) so really we need to have made like 100m profit in the championship to have complied. 

[VLC86]

11 minutes ago, lcfc sheff said:

 

this for 4 days ago, sounds okay here 

This is pretty a summary of the message Kieran sent to someone I know.

[Lionator]

33 minutes ago, VLC86 said:

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

He did a whole section in the pod as to basically why it won’t be them although there is a small risk with the stadium loan 

[TheGoldenGod]

Guys... not even sure why people are theorising...it's us!  It always is.

[Happy Fox]

If true I hope the charlatans i.e Top and Rudkin well and truly do one, the sooner the club is sold the better.

[VLC86]

34 minutes ago, Lionator said:

He did a whole section in the pod as to basically why it won’t be them although there is a small risk with the stadium loan 

And as others have said, he’s suggested it probably isn’t us.

[Ric Flair]

1 hour ago, LFEFox23 said:

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

If we have breached then I don't see how we weren't going to breach anyway as we raised over £90m in player sales and Enzo going in 23/24 accounts. We added only £10m to the amortised books in the signings we made in the summer of 2023.

 

Therefore if we have breached, by my reckoning the only way we'd have complied is a fire sale on players in the summer of 2023 that wouldn't worsen our PSR (basically can't sell/release anyone below what the remaining book value less the years wages saved). That would have been trying to get Ricardo and Justin out on frees or nominal fees and saved possibly £5-10m in wages, released Vardy, somehow tried to get Ward out. But other than leaving ourselves with no chance of promotion and half a squad, I also don't know if that would have been enough.

 

Stefan Borson has us down as a deficit by upwards of £20m. So had we not signed a single player in 2023/24 and sold KDH for £35m and got £10m for Enzo (wouldn't have happened given both went for the fees they did due to a very good 2023/24 season) then we might have got somewhere close but still iffy.

[TheGoldenGod]

2 minutes ago, Ric Flair said:

If we have breached then I don't see how we weren't going to breach anyway as we raised over £90m in player sales and Enzo going in 23/24 accounts. We added only £10m to the amortised books in the signings we made in the summer of 2023.

 

Therefore if we have breached, by my reckoning the only way we'd have complied is a fire sale on players in the summer of 2023 that wouldn't worsen our PSR (basically can't sell/release anyone below what the remaining book value less the years wages saved). That would have been trying to get Ricardo and Justin out on frees or nominal fees and saved possibly £5-10m in wages, released Vardy, somehow tried to get Ward out. But other than leaving ourselves with no chance of promotion and half a squad, I also don't know if that would have been enough.

 

Stefan Borson has us down as a deficit by upwards of £20m. So had we not signed a single player in 2023/24 and sold KDH for £35m and got £10m for Enzo (wouldn't have happened given both went for the fees they did due to a very good 2023/24 season) then we might have got somewhere close but still iffy.

Almost as if they had to rebrand 'Financial Fair Play' to PSR because there's absolutely, unequivocally, nothing fair about it. I'd say I can't wait for it to be scrapped but simply won't matter once they've had their way with us. It'll be too late.

[K789]

3 minutes ago, Ric Flair said:

If we have breached then I don't see how we weren't going to breach anyway as we raised over £90m in player sales and Enzo going in 23/24 accounts. We added only £10m to the amortised books in the signings we made in the summer of 2023.

 

Therefore if we have breached, by my reckoning the only way we'd have complied is a fire sale on players in the summer of 2023 that wouldn't worsen our PSR (basically can't sell/release anyone below what the remaining book value less the years wages saved). That would have been trying to get Ricardo and Justin out on frees or nominal fees and saved possibly £5-10m in wages, released Vardy, somehow tried to get Ward out. But other than leaving ourselves with no chance of promotion and half a squad, I also don't know if that would have been enough.

 

Stefan Borson has us down as a deficit by upwards of £20m. So had we not signed a single player in 2023/24 and sold KDH for £35m and got £10m for Enzo (wouldn't have happened given both went for the fees they did due to a very good 2023/24 season) then we might have got somewhere close but still iffy.

Has he accounted for potential wage reductions though

[Vestan Pance]

1 hour ago, Bilo said:

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.

Hans Segers to Newcastle in the Jan transfer window guaranteed😂

[Number 6]

You can't have a couple of years at -£180m, followed by a Champ season and be comfortably clear of the limits. We're going to be in and around the limit at best. 

 

But the latest year has big sales in it, two with £0 book value, and Maresca money. There's probably c£100m in there. Spending covered by parachute payments for the season would put us about -£80m for the 3 years, with the limit at -£83m. 

 

You'd like the think the KDH sale, with back scratching transfer of Golding, means we were making sure we'd be ok there though.

 

Edit: plus some COVID allowances in that -£180m maybe?

Edited 7 January by Number 6

[Claudio Fannieri]

What we have to remember is that our 3 year permitted losses reduce from £105m to £83m due to our relegation. Maybe that is what has caught us out. 
 

Knowing our lot they probably got to within the £105m threshold but forgot about the reduction. 

Edited 7 January by Claudio Fannieri

[Ric Flair]

9 minutes ago, K789 said:

Has he accounted for potential wage reductions though

I'm sure he said he'd made some estimates on that but that's where there's huge ambiguity.

[moore_94]

4 minutes ago, Claudio Fannieri said:

What we have to remember is that our 3 year permitted losses reduce from £105m to £83m due to our relegation. Maybe that is what has caught us out. 
 

Knowing our lot they probably got to within the £105m threshold but forgot about the reduction. 

Stefan Borson has said for some reason we might actually still get the £105m threshold, which seems to be the reason why he and others are completely unsure whether we have breached or not

 

 

[UniFox21]

1 minute ago, moore_94 said:

Stefan Borson has said for some reason we might actually still get the £105m threshold, which seems to be the reason why he and others are completely unsure whether we have breached or not

 

 

Once again Borson and Maguire throwing conjecture and clickbait out there, as no one has any idea what is actually happening 

[Claudio Fannieri]

Stefan Borson is on Talksport from 12 noon today might be worth a listen. 

[Bilo]

I have a strong suspicion that it might be Everton. The capitalisation case is a real Achilles' heel and there's no doubt that the new owners inherited an unholy mess.

[Number 6]

The more I think about the more I think we'll be ok. Went into the KDH negotiation knowing what sum we would need, Golding coming the other way suggests he was used to fudge the numbers for PSR. E.g. We need £30m for KDH, Chelsea willing to spend £25m, Golding used as a £5m balance (illustrative numbers).

[Iwebema]

2 minutes ago, Bilo said:

I have a strong suspicion that it might be Everton. The capitalisation case is a real Achilles' heel and there's no doubt that the new owners inherited an unholy mess.

I would be surprised if it was us as we were in the EFL last season? We sold alot of players. Wages are likely still too high but I think we did a reasonable amount of work to comply.

 

I'm not sure how we could be in breach after half a season in the prem? I know it's all very complex though.

 

On the Everton point, I have a couple of Everton fans at work and they think it's them, I don't really understand how they've got in such a mess as they've been about +100m in player sales the last 2 seasons. Will it be to do with the new ground? 

[Bilo]

Don't forget the parachute payments as well.