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moore_94

LCFC will NOT face any charges for breaching PSR

By moore_94, in Leicester City Forum

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Bert

Bert

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Posted

So just a reminder to everyone. Don’t believe everything you instantly read. 

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Ricey

Ricey

Posted
Posted
Just now, Mickyblueeyes said:

No charge but the comment says we did breach PSR. Elated that we've avoided it again but the club and its execs really need to set out how we deal with these two breaches and avoid it going forward. 

I don't think it means that. It means there are no charges today because we didn't breach PSR.

Merging Cultures

Merging Cultures

Posted
Posted
Just now, Ricey said:

I doubt we'll still be able to spend much, as this seasons accounts will be very tight. We had an expensive outlay of transfers after July 1st, without much the other way.

I hope we do some PSR swaps, like the KDH deal, which allows us to bring in a few players with their cost amortized over a number of years. We should be able to buy a few decent players that way.

Mickyblueeyes

Mickyblueeyes

Posted
Posted
Just now, Ricey said:

I don't think it means that. It means there are no charges today because we didn't breach PSR.

It says no charge will be brought for any breach of PSR. However, I take your point because quite clearly, the PL is not in anyway careful with its words or drafting!

tinpot_fox

tinpot_fox

Posted
Posted
2 minutes ago, lcfc_forever said:

Loophole FC strikes again! :scarf:

 

To all the negative, gloom laden, pessimistic posters,  PL and rival club supporters, your boys have taken a hell of a beating! 

Can you source some Premier League piñatas?

Matt

Matt

Posted
Posted

No clubs charged.

 

Nothing like the media causing a storm and creating abit of drama is there?!

 

This is why people are starting to resent the game at the top level.

  • Like 3
FrankieADZ

FrankieADZ

Posted
Posted
Just now, Matt said:

No clubs charged.

 

Nothing like the media causing a storm and creating abit of drama is there?!

 

This is why people are starting to resent the game at the top level.

for me it means something dodgy might be in that Man City verdict 

  • Like 1
tinpot_fox

tinpot_fox

Posted
Posted
2 minutes ago, Merging Cultures said:

I hope we do some PSR swaps, like the KDH deal, which allows us to bring in a few players with their cost amortized over a number of years. We should be able to buy a few decent players that way.

Is that like carbon credit trading to become carbon neutral?

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Merging Cultures

Merging Cultures

Posted
Posted
Just now, tinpot_fox said:

Is that like carbon credit trading to become carbon neutral?

Basically.

 

Sell a player for £20m, record it in this year's revenue.

 

Buy a player for £25m, amortized at £5m a year over 5 years.

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Merging Cultures

Merging Cultures

Posted
Posted
Just now, FrankieADZ said:

im honestly shocked by this tbf, dodged another bullet, i just hope it serves as a kick up the arse to the morons up top

They are clearly cleaning up the books, but it does take time.

 

They pushed hard after the title, and yes paid for it. Contracts are hard to untangle from.

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Ricey

Ricey

Posted
Posted

That article seems to suggest that no new charge can be brought against us whilst the 22/23 legal case is still on going, so we might have breached for 23/24 after all?

ozvaldo

ozvaldo

Posted
Posted

Get that Rudkin statue erected. 
Get that fųcking cheque book out. 
And get that Rebekah Vardy’ tacky vodka dished out pre-match to all home fans - including the kids. 
 

Let’s win some fųcking games now. 

  • Haha 1

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