LCFC will NOT face any charges for breaching PSR

[Bilo]

Just now, Ric Flair said:

This is where I'm remaining cautious of any celebration. I find 22/23 outcome highly unlikely to be overturned, I cannot believe they've appealed it as they'd have to prove 3 very senior lawyers got it wrong. But there's no clarity that we haven't breached 23/24 just that no charges have been yet. Or am I misunderstanding it?

Any charges had to be brought within 14 days of the accounts being filed on 31st December, which is today.

[frany104]

1 hour ago, RoboFox said:

"Hearing -6 points"

 

 

Complete chancers 😂😂 

 

also tried to say they have reliable sources. 😂😂😂

[The Doctor]

3 minutes ago, Ric Flair said:

This is where I'm remaining cautious of any celebration. I find 22/23 outcome highly unlikely to be overturned, I cannot believe they've appealed it as they'd have to prove 3 very senior lawyers got it wrong. But there's no clarity that we haven't breached 23/24 just that no charges have been yet. Or am I misunderstanding it?

not charging us for 23/24 is a statement in itself that we have not breached.

[lcfc_forever]

3 minutes ago, Ric Flair said:

This is where I'm remaining cautious of any celebration. I find 22/23 outcome highly unlikely to be overturned, I cannot believe they've appealed it as they'd have to prove 3 very senior lawyers got it wrong. But there's no clarity that we haven't breached 23/24 just that no charges have been yet. Or am I misunderstanding it?

The quote from PL in the Times says "...no complaint has been brought against Leicester by the league for any breach of the PSRs for the period ending Season 23-24" so looks clear to me. 

Edited 14 January by lcfc_forever

[dannythefox]

Sweet now let’s stay up and really piss everyone off.

[Aleksz]

4 minutes ago, Ric Flair said:

This is where I'm remaining cautious of any celebration. I find 22/23 outcome highly unlikely to be overturned, I cannot believe they've appealed it as they'd have to prove 3 very senior lawyers got it wrong. But there's no clarity that we haven't breached 23/24 just that no charges have been yet. Or am I misunderstanding it?

I know what you mean the Ziegler article does read very weird but every source is pretty unequivocal that no one will be charged for 23/24, it’s just we a case of having 22/23 hanging over our heads which touch wood seems a pretty unlikely appeal from the premier league. 

Edited 14 January by Aleksz

[Lako42]

53 minutes ago, Sol thewall Bamba said:

We've been reduced to celebrating not being charged with financial mismanagement. 

In all seriousness it really is quite sad that this is what fans are reduced to talking about in the modern day. 

 

The sport is secondary these days. People talking about finance and club debt down the pub before games. 

 

Barely any real football chat. 

[Bilo]

Let's stay up by one point, have it turn out that we swerved a points deduction by £1.62 and a ridiculous technicality and have the relegated clubs foaming.

 

Peak Leicester heritage. Absolutely vile.

[The Doctor]

Just now, Bilo said:

Let's stay up by one point, have it turn out that we swerved a points deduction by £1.62 and a ridiculous technicality and have the relegated clubs foaming.

 

Peak Leicester heritage. Absolutely vile.

Rudkin had to get coke for his office minibar rather than settling for pepsi, didn't he.

[shiv]

41 minutes ago, AKCJ said:

Those thinking we will now be able to freely sign players for as much as we like are in for a rude awakening. We'll have got away with this by the skin of our teeth.

 

We're still paying players like Ward, Vestergaard, Coady, Daka, Soumare, and Choudhury over £50k a week.

 

Outside of Mads and potentially Bilal, we won't have the luxury of selling high end players to pay for these wages this summer either. 

 

Although it'll be horrible to see him go, it'll definitely be welcome to have Vardy's wages off the books.

Whilst I agree we can’t freely sign players, we are in a much better position to do so this year given the 2021/2022 season will no longer be factored into the PSR calculation. That’s the year we made £92m in losses and with allowable deductions that accounted for £70m of the £83m in allowable losses for the 3 year PSR period.

[FrankieADZ]

3 minutes ago, Aleksz said:

I know what you mean the Ziegler article does read very weird but every source is pretty unequivocal that no one will be charged for 23/24, it’s just we a case of having 22/23 hanging over our heads which touch wood seems a pretty unlikely appeal from the premier league. 

think the prem are appealing it to try and save face, its their fault for having a loophole there, kinda like the one with Chelsea flogging assets to themselves to get around PSR

[Pliskin]

It’s just typical media bullshit…

 

Official announcement is no teams will face points deductions…. Yet some journalists claim we face an anxious wait, what for? It’s been announced… bellends. 

[James_lcfc]

10 minutes ago, Ric Flair said:

This is where I'm remaining cautious of any celebration. I find 22/23 outcome highly unlikely to be overturned, I cannot believe they've appealed it as they'd have to prove 3 very senior lawyers got it wrong. But there's no clarity that we haven't breached 23/24 just that no charges have been yet. Or am I misunderstanding it?

Yeah. It looked to me like it was no new charges until the outcome of appeal was reached when I read it initially.

 

...but as everyone seemed to be celebrating I just assumed I'd misunderstood! 

[coolhandfox]

Can we stop the term stating the PL is appealing, they can't appeal it. 

 

They have to prove that 3 senior judges were incompetent in their findings, this simply will not happen.

Edited 14 January by coolhandfox

[Wasyls Pec Deck]

Presumably we can now spend willy nilly in this window and take the Forest approach? 
 

A huge boost to everyone concerned, and I hope it helps performances on the pitch.

Edited 14 January by Wasyls Pec Deck

[North Leeds Fox]

Great news and hopefully we become a bit more attractive for players to join knowing we are still in with a chance of staying up.
 

So if we have had a full 105m in those 23/24 accounts, does this mean we are back to 83 next year? 

[SemperEadem]

1 minute ago, North Leeds Fox said:

Great news and hopefully we become a bit more attractive for players to join knowing we are still in with a chance of staying up.
 

So if we have had a full 105m in those 23/24 accounts, does this mean we are back to 83 next year? 

I bet we always were, we pay high high wages.

[Bilo]

1 minute ago, North Leeds Fox said:

Great news and hopefully we become a bit more attractive for players to join knowing we are still in with a chance of staying up.
 

So if we have had a full 105m in those 23/24 accounts, does this mean we are back to 83 next year? 

The letter of the rules suggests not. My reading is that you only be considered a Championship team if you are in the Championship for two consecutive accounting periods.

[SecretPro]

January Transfer Budget = £150,000,000

[AKCJ]

Wonder if the club will release these accounts to the public earlier than they normally would given they're ready to go?

[coolhandfox]

Just now, AKCJ said:

Wonder if the club will release these accounts to the public earlier than they normally would given they're ready to go?

I would doubt it.

[hackneyfox]

1 minute ago, Bilo said:

The letter of the rules suggests not. My reading is that you only be considered a Championship team if you are in the Championship for two consecutive accounting periods.

Does that mean that should we get relegated the EFL can't come after us?

[Skidmark]

What was strangely perverse was the sort of 'commemoration' of the day almost like Transfer Deadline Day. 

 

All of these PSR experts know nothing and have been proven to have been false. 

[Daggers]

1 hour ago, StriderHiryu said:

Aged like milk

 

(We will be revising our Twitter game going forwards)

 

[Bilo]

1 minute ago, hackneyfox said:

Does that mean that should we get relegated the EFL can't come after us?

Quite possibly. The EFL have already lost one battle due to jurisdictional issues.