LCFC will NOT face any charges for breaching PSR

[chuck'em]

8 minutes ago, Always Next Year said:

Simon Jordan is a very bitter man along with the likes of Chris Sutton they seem to always want to drag us down, think we should have a match day chant for them both to let them know that we don’t give a toss what they think.

Ah the old 'take time to plan a chant to really make it clear how much we don't care about you' trick. Never fails

[Bert]

13 minutes ago, Always Next Year said:

Simon Jordan is a very bitter man along with the likes of Chris Sutton they seem to always want to drag us down, think we should have a match day chant for them both to let them know that we don’t give a toss what they think.

Yeah because the “Rudkin out” chats are very effective. 

[Bilo]

4 minutes ago, chuck'em said:

Ah the old 'take time to plan a chant to really make it clear how much we don't care about you' trick. Never fails

Aka the Notts Forest Technique. 

[Vestan Pance]

42 minutes ago, Claudio Fannieri said:

I have been very critical of Rudkin and Co for our recent troubles but also deserves credit for ensuring we have managed to stay compliant for this reporting period, he now needs to pull a few rabbits out of the hat in this transfer window both incoming and outgoing. 

PSR has nothing to do with Rudkin. His job is to make us competitive as possible for the money available, which still won't be happening.

[Qwerty]

18 minutes ago, Fox forever said:

If this happened we would have finished 17th and still failed PSR for 22/23 as we would have only gained £2m and deducted points last season as we wound still have been in PL and no loophole for De Marco to work with. 
 

still probably better than relegation though. Notts F and Everton both stayed up with points deducted so maybe we would have too

We would have stayed up I'm sure.  Everton and Forest benefitted from the 3 promoted teams being awful. We'd have done the same.  Without doubt, if the fast-track punishment rule had been in place back then, we'd never have been relegated and would probably be mid table now (even with a points deduction).  

Edited 14 January by Qwerty

[PaulW]

3 hours ago, Richard said:

Nick demarco build that man a statue 

Player of the Year!

[Bryn]

Can we buy some players now then? Or we go down and have to fight again with the EFL.

[davieG]

However, City's dispute is not over. The Premier League have announced that they are still locked in "confidential arbitration proceedings" over City's 22-23 accounts. An appeal board found in City's favour in September, ruling that the Premier League did not have the jurisdiction to charge them as they were not a member club at the end of the financial year, having been relegated to the Championship. That decision is being appealed by the Premier League.

 

In a statement, the Premier League said: “Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceeding

[davieG]

https://www.leicestermercury.co.uk/sport/football/football-news/leicester-city-79m-future-figure-9861113

 

Leicester City £79m future figure and what happens next after Premier League PSR escape
Leicester have been deemed to be compliant with PSR by the Premier League

Sport
ByDave Powell
11:18, 14 JAN 2025

Leicester City have avoided a points deduction from the Premier League after being found to be compliant with profit and sustainability rules (PSR), but the club will now have its focus set on what the current financial year brings.

The Premier League informed its member clubs that no breaches of PSR were found after assessment and no clubs would face the threat of a points deduction, the likes of which were seen by Everton, twice, and Nottingham Forest last season.

Leicester remain at risk, however, with the Foxes and the Premier League both engaged in arbitration over an issue that centres on the 2022/23 financial year, an accounting period that saw Leicester move the financial year end, something permissible by law, thus the club had already relinquished its Premier League membership by the time that the PSR punishment was handed down. The Foxes won a legal case on the basis that the Premier League did not have jurisdiction.

 

The details of the arbitration process remain confidential, but the Foxes remain confident in their position having been able to pick holes in the Premier League’s legislation, something that left the Premier League with a bloody nose and some significant embarrassment. But what does the future look like for the Foxes?

The aim of PSR is, essentially, to ensure financial prudence and that clubs operate within their means in a sustainable manner. Clubs are permitted to lose £105m over a rolling three-year assessment period, with allowable deductions for such things as investment into infrastructure, investment into the academy and the women’s team, and money spent on community initiatives. Losses attributable to the COVID-19 pandemic were also permitted.

 

Football finance expert Swiss Ramble had predicted that, while Leicester would make a small £5m loss for the 2023/24 financial year, giving them a net positive PSR position of £17m for the year, the club would be at £95m for PSR. While that would be compliant by £10m had the Foxes not been in the Championship for a season, where the allowable loss is £13m and not £35m for a season, the projection was a £12m PSR overshoot.

One explanation for the club being compliant could well be that the legal team managed to successfully argue a case that the club would be able to claim the full £35m for the year instead of the £13m, thus allowing them to remain compliant. There could have also been sales of tangible assets that were not accounted for in projections.

Looking ahead to what the final three-year cycle might look like before the shift to a squad cost ratio method, in line with what UEFA have in place, football finance expert Swiss Ramble has Leicester being able to make a loss of as much as £79m in the current 2024/25 financial year.

The main reason for that is that the heavy £92m loss from 2021/22 drops off the three-year assessment cycle, and that is impactful in terms of what the club can do. It is also based on the assumption that allowable deductions remain the same, which have been pegged at around £21m per season.

Player trading and the return of Premier League broadcast money for the financial year should ensure that Leicester fall well below that figure and that they will have no concerns over PSR compliance for the final cycle before the move to new regulation.

But with the spectre of the arbitration with the Premier League relating to 2022/23 hanging over them, while there will be confidence within the corridors of the King Power Stadium, complacency likely won’t be seen as the club wants to focus on getting itself onto a more sound financial footing, especially with the risk of relegation back to the Championship being a very real threat this season, which would be a significant blow in terms of finances for the club.

 

[Spudulike]

35 minutes ago, Fox forever said:

If this happened we would have finished 17th and still failed PSR for 22/23 as we would have only gained £2m and deducted points last season as we wound still have been in PL and no loophole for De Marco to work with. 
 

still probably better than relegation though. Notts F and Everton both stayed up with points deducted so maybe we would have too

So we lost a full seasons Premier League money due to the authorities failure to enact the Everton points deduction in a timely fashion. The Premier League nonsensical delay cost LCFC £millions eventhough we would've likely started the following season on a minus figure.

[FrankieADZ]

enjoy

[Clever Fox]

3 hours ago, EnderbyFox said:

 

 

Everton… it COULD be you

Thats' just brilliant. Fair play to you.

[Pliskin]

14 minutes ago, davieG said:

However, City's dispute is not over. The Premier League have announced that they are still locked in "confidential arbitration proceedings" over City's 22-23 accounts. An appeal board found in City's favour in September, ruling that the Premier League did not have the jurisdiction to charge them as they were not a member club at the end of the financial year, having been relegated to the Championship. That decision is being appealed by the Premier League.

 

In a statement, the Premier League said: “Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceeding

They can appeal all they want, it’s their shoddy rules that facilitated the case being dismissed by legal experts…… 

[Iwebema]

7 minutes ago, FrankieADZ said:

enjoy

What a complete and utter melt

[FrankieADZ]

Just now, Iwebema said:

What a complete and utter melt

he moans about us, but he should be moaning and having a go at the FA/PL for not fully having their rules set in stones,

its more on them than anyone else

[hackneyfox]

1 hour ago, Leicesterpool said:

If we get docked points and others dont we should refuse to play our next fixture in protest, be good to get some backing by other clubs we get punished and man city dont 

Lose another 3 points, yeah that makes sense.

[coolhandfox]

1 hour ago, Mickyblueeyes said:

The reason why the PL have come out in their statement and said they will appeal despite obvious issues with their appeal case and specific to this situation is because as per the other thread, both parties have had conversations on the PSR position of Leicester, not only in this cycle but the previous cycle too.

 

There are significant drafting issues for the PL to deal with. The likelihood is that either we were close or breached PSR on this occasion - I’d go with the latter. We haven’t been charged but in line with dispute resolution, the PL has sought appeal on the previous decision relating to that cycle.

 

Why ? I would put money on it, conversations have taken place and negotiations. The PL cannot regarding these rules face contention again, It absolutely cannot face contention given the timeframe from now until the end of season and the very likelihood of a significant damages claim. It cannot also not, under any circumstances lose again. 
 

Therefore, an appeal has been put it, but the parties will settle outside an independent arbitrator or hearing and that will be a financial settlement. People will say, but we’ve won so why ? Because, our figures mean we have squeaky bum for this cycle.

 

I think in the next few months we will hear the club and the PL settlement details and a significant revamp of the rules. 

Personally disagree looking at the evidence in the public domain. 

 

The way the PL doesn't lose is not to fight the 22/23 breach, and fix the PSR issue via new rules. 

 

Why would City agree to settle when they have already won the appeal, that doesn't make sense at all.

 

Why would other PL members allow the PL and LCFC to make a financial settlement, that makes no sense. 

 

I think the PL statement is howling at the moon. 

 

They can't make the rules up as they go along. 

 

Only time will tell. 

Edited 14 January by coolhandfox

[urban.spaceman]

12 minutes ago, FrankieADZ said:

enjoy

[PaulW]

3 hours ago, filbertway said:

Nice! And they can't do us next season as we won't be in the league.

 

 

I guess it's being so cheerful that keeps you going.

[joachim1965]

6 minutes ago, FrankieADZ said:

he moans about us, but he should be moaning and having a go at the FA/PL for not fully having their rules set in stones,

its more on them than anyone else

If rules or laws are not fit for purpose, they are going to be exposed as such, live with it , move on and going forward please leave us the fvck alone.

[AKCJ]

1 hour ago, Glorious Leicester Fan said:

I genuinely think we should sue the PL; the threat of potentially breaking PSR rules has had a serious impact on the quality of players/manager we were able to recruit last summer, which in turn has resulted us being in our current position, thus impacting on the quality of players we can recruit in the January window. 

All a result of our own incompetence.

[davieG]

 

Stefan Borson says Premier League unlikely to win appeal against Leicester
Speaking on talkSPORT on Monday afternoon, Stefan Borson explained that the Premier League are unlikely to win their appeal against Leicester.

“I don’t think the Premier League should be appealing an appeal,” Borson said.

“The Premier League are now going back and saying we are going to appeal the appeal and the basis on which you can appeal an appeal is such a tiny window, it could not reasonably have been decided by anybody.

“What I’m saying is the Premier League have got to show that this is so outlandish, that decision by the appeal that found in favour of Leicester, so outlandish that nobody else could possibly have found it.

“I just think that’s extremely unlikely.”

[Vazman]

Now that distraction  is over, let's get on with it, and win some Football Matches 

[Qwerty]

Why are all these sports journalists more disgusted with Leicester, when our legal triumphs are negligible compared to what Man City are getting away with.  No one seems to talk about them.   It's a bit like Dave the plumber getting done for accidentally leaving a couple of small invoices off his tax return, whilst Starbucks pay no tax at all. 

[Tommy G]

55 minutes ago, Vestan Pance said:

PSR has nothing to do with Rudkin. His job is to make us competitive as possible for the money available, which still won't be happening.

He's in control of all footballing matters so he is well aware of how important PSR is.