Premier League has charged LCFC with an alleged breach of PSR

[Dames]

Anyone moaning about the rules being ‘retrospectively’ applied needs to give their head a wobble. We all knew this would happen the minute we embarrassed them over a technicality, this has likely been going on a lot longer in private than in public which has given the EFL and Prem a chance to get their ducks in a row. 
 

[hejammy]

1 minute ago, jayfox26 said:

The poster or Rudkin?

I mean I'm not sure if Rudkin is lazy, but I know he's just rubbish at his job. 

[Tommy G]

2 minutes ago, The Horse's Mouth said:

It’s a fair point, but wasn’t really the crux of the point I was making. King Power have improved the asset while at the club, if top indeed gets bored as the previous poster suggested then there would literally be no logical sense as to why he wouldn’t take that exit strategy as opposed to sitting on his hands and letting the club go bankrupt. There’s not really anything to suggest that’s in his nature really, as opposed to one of his previous example in Reading where there owner had an extensive background of doing the exact same thing and liquidating clubs before. 

Yeh I agree with that point.

[Vindaloo FOX]

19 minutes ago, Tommy G said:

So glad I've taken a step back from my season ticket - just another chapter of the shitshow thriller. 

Smart move 

[Les-TA-Jon]

1 minute ago, TrentFox said:

So how do others get away with vast losses, if this BBC article is correct? Yes their the rivers are massive compared to ours, but isn’t it the same  fixed sum you are allowed to lose for all clubs? 

There's total losses a club make vs PSR calculations - which is based on total losses + 'add backs' (a series of costs that are allowed to 'not count')

 

So, for example, a club could have a £200m loss over a 3 year period, but have £100m of 'add backs' and not breach the £105m allowable losses threshold

[jayfox26]

Just now, hejammy said:

I mean I'm not sure if Rudkin is lazy, but I know he's just rubbish at his job. 

I think I'd rather have a lazy, competent dof than a hard working, incompetent dof 

[Bablemikey]

I know this is all the legacy of trying to cement a spot in the top 6, and the money tree that brings, but it’s really hard not to come to the conclusion that it’s been incredibly incompetent. In any other commercial business heads would roll.

[Pliskin]

19 minutes ago, Les-TA-Jon said:

No

• We likely (or did) breached in 22/23 (Rodgers relegation season), but relegation happened and we appealed and used the loophole to avoid PL charging us
• PL appealed our appeal - which today announced to be found in our favour - i.e upholding the loophole argument
• EFL tried to charge us for 22/23 during Championship season but we successfully argued we weren't under their jurisdiction
• We seemingly came close to breaching 23/24 (promotion season) but no one knew how close, and then in Jan 2025 PL announced that no clubs had breached. But we weren't charged at the time because it looks like we didn't submit our accounts on time and there was the outstanding appeal tribunal between us and PL
• PL are now saying we did breach during 23/24 (promotion season) and are charging us for breaching EFL PSR rules (PL rules were revised earlier this season to close jurisdiction loophole and to all both leagues to charge clubs in either division for breaches in any season)

Okay, well I don’t imagine it will be a significant punishment. After all like I’ve said the EPL and EFL don’t make that decision, an independent panel do, so even if it’s 6 points I wouldn’t be too fussed. It just appears to be more of a which hunt now than anything else……. It seems like they will continue to throw shit at until something sticks. I won’t be concerned until something happens. 

[trooky]

5 minutes ago, TrentFox said:

So how do others get away with vast losses, if this BBC article is correct? Yes their the rivers are massive compared to ours, but isn’t it the same  fixed sum you are allowed to lose for all clubs? 

 

 Chelsea's women's team was effectively sold to the club's parent company, BlueCo, for a reported £198.7 million to help the men's team comply with the Premier League's Profit and Sustainability Rules (PSR). 

 

The £198.7 million profit from the sale helped Chelsea report a pre-tax profit of £128.4 million for the year ending June 30, 2024. This, in turn, allowed them to comply with the Premier League's PSR, which limits losses over a three-year period. 

Edited 20 May 2025 by trooky

[FoxOfMelton]

I'm so numb to the bullshit of the last few years that it doesn't even bother me anymore 

[jayfox26]

1 minute ago, trooky said:

 Chelsea's women's team was effectively sold to the club's parent company, BlueCo, for a reported £198.7 million to help the men's team comply with the Premier League's Profit and Sustainability Rules (PSR). 

 

The £198.7 million profit from the sale helped Chelsea report a pre-tax profit of £128.4 million for the year ending June 30, 2024. This, in turn, allowed them to comply with the Premier League's PSR, which limits losses over a three-year period. 

Christ, the whole of the women's game isn't worth that, never mind just one club! 

[Dan]

Really do struggle to give a shit anymore. What more can you say that hasn't already been said. I just feel sorry for people 10-15 years younger than me who are having their peak years of football dominated by this completely boring, draining mess.

[Number 6]

It would be such abject incompetency to push through the KDH/Golding sales without having some sort of financial fudge in place there to aid PSR compliance. 

[stu]

I am more understanding of a (small?) breach for 23/24, due to the perceived financial need to get promoted ASAP, however reflecting that those in power have put the club in difficult situation once again without any accountability of past reckless spending from the associated 3 year period.

 

What I can't accept from the club is any charge relating to missing deadlines and non-compliance in relation to submitting accounts, knowing full well that the PL would use any reason to charge us and as a result make any additional PSR punishment more severe.

 

After recent experiences and legal battles, how can the club have been so stupid to not comply with simple accounting deadlines?

 

Am I missing something, or are those in charge of the club really that obnoxiously oblivious to common sense in their appoach to engaging with the authorities respectfully post the 22/23 ruling to comply with statutory procedures?

Edited 20 May 2025 by stu

[cityfanlee23]

As bad as this is, part of me can see a small silver lining that the EFL/PL are essentially coming in and forcing us to sell everyone. Even if it means cut price deals I don't care, get these charlatans out of the club. Start again on a sustainable wage budget, build the squad around youth, bring in a competent DOF like Pearson, Puel or someone else who actually have an eye for a player and a direction and isn't afraid to stand up to the club when it's needed. 

If this means we go into next season with Faes, Winks, Coady, Ndidi, Ayew, BDCR, Vestergaard, Soumare, Daka and Kristiansen off the books, so be it, If it means we go into next season with a wage budget that is not 102% of our revenue, and we have to maybe settle for a mid table season before rebuilding, I would 100% take that scenario over us trying to somehow keep all of these plates spinning and getting deduction after deduction and spiralling to relegation. 

Nip it in the bud NOW, fix the foundations and rebuild. If we try to keep ANY player who is earning more than 50k a week we deserve every bit of pain we get. 


Try to build the squad around this: (Monga not in the database, also aware that we may have to sell El Khannouss which, if anything, would probably give us a better chance of keeping Monga)
Bench/Match day rotation: Braybrooke, Souttar, Coulibaly, Golding, Mcateer, Evans, Wanya Marcal
The missing pieces can be looking at AFFORDABLE loan players, Kroupi at Bournemouth will probably go out on loan again (striker just scored 22 in ligue 2) 

 

Is this the most effective way to guarantee promotion again next season? Probably not, but we look like we might not have much choice but it's sustainable and at some point we have to address the issue of our board having a spending addiction.
 

[wurmer]

12 minutes ago, hejammy said:

I mean I'm not sure if Rudkin is lazy, but I know he's just rubbish at his job. 

He’s an imbecile

[urban.spaceman]

15 minutes ago, TrentFox said:

So how do others get away with vast losses, if this BBC article is correct? Yes their the rivers are massive compared to ours, but isn’t it the same  fixed sum you are allowed to lose for all clubs? 

IIRC Man Utd were given a COVID loss allowance of £40m whereas every other club it was just £1m.

[studentofthegame]

24 minutes ago, jayfox26 said:

There's a very large part of me that is sick to death of the continued poor running of the club but there is also a small part of me that feels there is witch hunt against us now. They've tried and failed several times and yet they keep coming after us. Part of me wants us charged to really show up our board and owner for the incompetent waste of space they all are, and another part of me thinks fck the PL and their shoddy rules that they have to keep changing cos they haven't got a clue what they are doing. It comes to something when our board/owner/Nick De Marco keep embarrassing these bunch of imbeciles! 

Oh 100%, they have been gagging to punish us, changed the rules just to enable them to nail us for something

 

The club is at fault though, they couldn't take out their vendetta on us if we weren't an absolute shit show 

[adejo92]

Meanwhile Man City continue as normal..

[Md9]

With the news that Chelsea want Nelson over the last few days he will most likely be sold . I imagine we will cash in on anyone Worth anything meaning mads will go along with bilal . Think we may get lucky with fatawu as he has been injured for a while so may keep him until jan . 

[Product of 84]

So when an established Premier League Club (who is expecting to finish in the top half) is relegated how do they survive? 

 

You can't sack the players because you have to pay their wages for the duration of their remaining contracts. 

 

My understanding is you are basically being forced to sell. But what if the player doesn't want to leave as the club buying them is less favorable in terms of location or wages offered. 

 

I just can't see what the club were supposed to do to meet the regulations and stay competitive. 

 

Also all three promoted teams have been relegated. Doesn't this prove that with the financial restraints teams have that the league has become fixed. How much do Leeds say need to spend to survive? And what player is going to move there under the present PSR rules?

 

 

[SemperEadem]

16 minutes ago, SemperEadem said:

Still very much the same I would guess.

If you are still in the camp of this is all ok then I think nothing will sway that now.

I do wonder as well you know how much of the match going support really is aware of all this. The way some abuse and attack fans in the stadium for the chants I do honestly think they are not fully in the picture with the clubs goings on.

[studentofthegame]

5 minutes ago, cityfanlee23 said:

As bad as this is, part of me can see a small silver lining that the EFL/PL are essentially coming in and forcing us to sell everyone. Even if it means cut price deals I don't care, get these charlatans out of the club. Start again on a sustainable wage budget, build the squad around youth, bring in a competent DOF like Pearson, Puel or someone else who actually have an eye for a player and a direction and isn't afraid to stand up to the club when it's needed. 

If this means we go into next season with Faes, Winks, Coady, Ndidi, Ayew, BDCR, Vestergaard, Soumare, Daka and Kristiansen off the books, so be it, If it means we go into next season with a wage budget that is not 102% of our revenue, and we have to maybe settle for a mid table season before rebuilding, I would 100% take that scenario over us trying to somehow keep all of these plates spinning and getting deduction after deduction and spiralling to relegation. 

Nip it in the bud NOW, fix the foundations and rebuild. If we try to keep ANY player who is earning more than 50k a week we deserve every bit of pain we get. 


Try to build the squad around this: (Monga not in the database, also aware that we may have to sell El Khannouss which, if anything, would probably give us a better chance of keeping Monga)
Bench/Match day rotation: Braybrooke, Souttar, Coulibaly, Golding, Mcateer, Evans, Wanya Marcal
The missing pieces can be looking at AFFORDABLE loan players, Kroupi at Bournemouth will probably go out on loan again (striker just scored 22 in ligue 2) 

 

Is this the most effective way to guarantee promotion again next season? Probably not, but we look like we might not have much choice but it's sustainable and at some point we have to address the issue of our board having a spending addiction.
 

This won't be what happens though, nobody wants the shit we have available, it will be the likes of Nelson, Okoli, BEK that have to go, then we end up in an even worse position 

I agree that it would be perfect but our DOF is an absolute clown, the chance he is able to pull off a masterclass, offload the dead wood and keep our promising younger players is a fantasy sadly

[Wink84]

My main hope is that either Top thinks this is enough and sells the club, or actually realises something needs to change at the board room level.

 

We deserve what comes our way. We got away with it on a technicality, then made the same errors throwing money around in the championship, sold our best player and got compo for our manager and it still wasn't enough. 

 

We'll likely breach this season because of Skipp and Ayew too. Top is undoing all the good work his father did the longer this goes on.

[CUJimmy]

36 minutes ago, South Shire Fox said:

Luton?

As I said, not impossible but personally I think it is highly unlikely.  Views on here seem to range from those who think we are favourites for autos to those who think we will be non-league in 5 years.

 

Time will tell I guess.