Premier League has charged LCFC with an alleged breach of PSR

[TeamRocket]

At this point I feel like we should just accept there stupid dung just so they can stop picking on us. So annoying how others get away with it

[Guest WarehamFox]

55 minutes ago, fazzyfox said:

Our accountant

 

 

Just without the cunning plan though.

 

 

Two beans and two beans equal a small casserole 

[whoareyaaa]

In the past 10 years, Leicester City's most significant player sales include Harry Maguire to Manchester United (£78.3M), Riyad Mahrez to Manchester City (£61.02M), and Ben Chilwell to Chelsea (£45.18M). Other notable sales include Danny Drinkwater to Chelsea (£34.11M) and Wesley Fofana to Chelsea (£80.40M). 

 

That's without KDH 40m, Maddison 40m Barnes 40m Kante 35m

 

And we have still managed to **** it all up.

 

Well done to Rudkin and the rest of the board.

Edited 20 May 2025 by whoareyaaa

[Guest Bilo]

I'm done with this club.

 

Non-league football it is nowadays. Better day out anyway.

[Parafox]

22 minutes ago, HankMarvin said:

Ah £201m at least they were close 

 

But shouldn't the £180 mill (or whatever it was) cost of Seagrave as "infrastructure" be deducted from that expenditure?

[Parafox]

3 minutes ago, whoareyaaa said:

In the past 10 years, Leicester City's most significant player sales include Harry Maguire to Manchester United (£78.3M), Riyad Mahrez to Manchester City (£61.02M), and Ben Chilwell to Chelsea (£45.18M). Other notable sales include Danny Drinkwater to Chelsea (£34.11M) and Wesley Fofana to Chelsea (£80.40M). 

 

That's without KDH 40m, Maddison 40m Barnes 40m Kante 35m

 

And we have still managed to **** it all up.

 

Well done to Rudkin.

 

Don't misunderstand me, I have no loyalty to the man, but how is he deeply involved in what must be the club accountants and full board's decision making.

[Terraloon]

5 hours ago, Les-TA-Jon said:

Hard to tell. 

• PL PSR allowable loss is £105m for each 3 year period
• EFL PSR allowable loss is £39m for each 3 year period, increased by £22m for each PL season in that period
• So our allowable loss for period ending 23/24 is £83m

 

Our losses for that period:

 

• 23/24 £19.4m
• 22/23 £89.7m
• 21/22 £92.5m

 

Based on our published accounts we lost £202m for the period. So we breach that period by £119m minus the add-backs. Unless those add-backs are pretty sizeable, we'll have the biggest breach of any club yet. 

 

• Everton breached by £16.6m and were given 10 points deduction, reduced to 6 on appeal
• Forest breached by £34.5m and were given 4 points deduction 

 

Not going to post my calculations but based on the fact we knew that for the three year period ( which included the averaged 19/20+20/21 period) the losses were £19 million over the £105 allowable my numbers are after deductibles 

21/22 £62 million

22/23 £58 million

23/24 -£ 13.6 million 

 

So £106.4 against £83 all so that’s around £23 million over. 
 

Edit

 

As another poster states the allowance isn’t £83 million it’s £105 million so by my calculations the breach will be marginal 

 

 

Edited 20 May 2025 by Terraloon
Correction

[dmayne7]

3 minutes ago, whoareyaaa said:

In the past 10 years, Leicester City's most significant player sales include Harry Maguire to Manchester United (£78.3M), Riyad Mahrez to Manchester City (£61.02M), and Ben Chilwell to Chelsea (£45.18M). Other notable sales include Danny Drinkwater to Chelsea (£34.11M) and Wesley Fofana to Chelsea (£80.40M). 

 

That's without KDH 40m, Maddison 40m Barnes 40m Kante 35m

 

And we have still managed to **** it all up.

 

Well done to Rudkin.

The net spend is so low as well compared to every other PL team. On top of that, no big name free transfers where they get the massive wage instead, and apart from Tielemans, not a single player where you would feel that our hand is forced in terms of overspending.

 

So that tells you how shocking the wage structure is (likely Rudkin but we can't know for sure) and moreso, how utterly abysmal our commercial/income generating teams are. What an easy gig they had to get massive marketing deals in place and did absolutely nothing (Definitely not Rudkin). So people really need to move on from Rudkin being the sole issue when the reality is, he is at most a big part but still not the biggest part. Board all need replacing but really, new owners.

[scinnell]

Truth be told, nobody has an idea, purely guesswork. Sure similar figures were branded around last summer.

[coolhandfox]

3 hours ago, Les-TA-Jon said:

Ah OK. I wonder how you've got to that figure or what info informs it. 

 

And I think we're using £83m limit for period ending 23/24 right, since that final season was in the EFL? '£39m allowable loss + £22m for each PL season in the period' 

There was some discussion Stefan Borson suggested a while back teams who bounced straight back got the full allowance. 

 

[Gamble92]

13 minutes ago, Bilo said:

I'm done with this club.

 

Non-league football it is nowadays. Better day out anyway.

Might not be a choice between non league and Leicester soon Bilo

[Gamble92]

53 minutes ago, UniFox21 said:

Wish we'd just cheated and sold the women's team, the ground, seagrave to ourselves 

Why don't we do this btw? Instead of having Top do his token debt gesture every 2 years after Rudkins ****ed it all up again. 

 

 

[whoareyaaa]

10 minutes ago, dmayne7 said:

The net spend is so low as well compared to every other PL team. On top of that, no big name free transfers where they get the massive wage instead, and apart from Tielemans, not a single player where you would feel that our hand is forced in terms of overspending.

 

So that tells you how shocking the wage structure is (likely Rudkin but we can't know for sure) and moreso, how utterly abysmal our commercial/income generating teams are. What an easy gig they had to get massive marketing deals in place and did absolutely nothing (Definitely not Rudkin). So people really need to move on from Rudkin being the sole issue when the reality is, he is at most a big part but still not the biggest part. Board all need replacing but really, new owners.

That's true not solely on Rudkin but all of them.

[Big_Nige]

28 minutes ago, whoareyaaa said:

In the past 10 years, Leicester City's most significant player sales include Harry Maguire to Manchester United (£78.3M), Riyad Mahrez to Manchester City (£61.02M), and Ben Chilwell to Chelsea (£45.18M). Other notable sales include Danny Drinkwater to Chelsea (£34.11M) and Wesley Fofana to Chelsea (£80.40M). 

 

That's without KDH 40m, Maddison 40m Barnes 40m.

 

And we have still managed to **** it all up.

 

Well done to Rudkin.

That’s the issue with PSR though. The first 5 players you mention don’t count towards the supposed 23/24 breach. They’ve all dropped out the 3 year rolling period. So you can build a successful club, taking advantage of buying low and selling high. But as soon as you try and compete by keeping your high valued assets and put them on big contracts you’re screwed if you don’t have the commercial revenue to back it up if it starts to go wrong. 
 

There are a heck of a lot of mind boggling decisions this board have made over the last few years, and believe me I’m not defending them one bit. But PSR is just not fit for purpose. It’s an horrific barrier put in place to curb ambition. 
 

Brighton had a net spend of £153m this summer. The highest on the planet. They could “afford” that because they sold Caicedo, MacAllister and Sanchez for about £150m the season before. What happens when that season drops out of the calculation? They will need to sell, or risk being the next club facing the wrath of the premier league. I’m sure their wage bill is healthier than ours, and they have desirable assets to that other clubs want. But they'll have to sell, even though they have only spent what they have bought in. It’s a joke

Edited 20 May 2025 by Big_Nige

[Mark_w]

1 hour ago, murphy said:

I just completely glaze over at any mention of PSR but it is a bit heartless of the Premier League to be handing out charges to a limping corpse of a club like ours.  Its a bit like kicking a puppy.  

Are you suggesting that ensuring the sustainability of our club isn't the Premier League's main priority here?

[Hitesh]

22 minutes ago, Terraloon said:

Not going to post my calculations but based on the fact we knew that for the three year period ( which included the averaged 19/20+20/21 period) the losses were £19 million over the £105 allowable my numbers are after deductibles 

21/22 £62 million

22/23 £58 million

23/24 -£ 13.6 million 

 

So £106.4 against £83 all so that’s around £23 million over. 
 

Edit

 

As another poster states the allowance isn’t £83 million it’s £105 million so by my calculations the breach will be marginal 

 

 

So if this holds true, then the punishment is more likely to be down to late filing and failure to provide a plan? Surely isn't worth 12 points? 

[Pliskin]

1 hour ago, HankMarvin said:

A witch hunt? Yet if Southampton or Ipswich done anything similar the same would be happening to them. 
That wouldn’t be because they have been successful the last 10 years.

This all stems from over expenditure, 116% wages to turnover. Every pound in revenue was costing £1.16p 

The sustainability of that a PL level let alone the fall out from Championship level soon after 

 

 

what could go wrong 

 

We’ve undoubtedly mate mistakes yes, and the board needs to be held accountable. The problem I have with this, is it’s a relentless pursuit of us, it seems to be all attention on us, and little on others. Even Man City appears to be getting away with it, and probably will……

 

And then they change the rules to suit them and come after us again? It just seems desperate, of I’m interpreting this right and that is what they’ve done, it’s not a very good measure of their rules and regulations is it? Normally that’s now how charging one of breaches works? Doesn’t work first time so let’s have another go? Just seems farcical. We may well have breached, but the ships sailed…..

[Iwebema]

10 minutes ago, Big_Nige said:

That’s the issue with PSR though. The first 5 players you mention don’t count towards the supposed 23/24 breach. They’ve all dropped out the 3 year rolling period. So you can build a successful club, taking advantage of buying low and selling high. But as soon as you try and compete by keeping your high valued assets and put them on big contracts you’re screwed if you don’t have the commercial venue to back it up if it starts to go wrong. 
 

There are a heck of a lot of mind boggling decisions this board have made over the last few years, and believe me I’m not defending them one bit. But PSR is just not fit for purpose. It’s an horrific barrier put in place to curb ambition. 
 

Brighton had a net spend of £153m this summer. The highest on the planet. They could “afford” that because they sold Caicedo, MacAllister and Sanchez for about £150m the season before. What happens when that season drops out of the calculation? They will need to sell, or risk being the next club facing the wrath of the premier league. I’m sure their wage bill is healthier than ours, and they have desirable assets to that other clubs want. But they'll have to sell, even though they have only spent what they have bought in. It’s a joke

I agree with all this, it brings to life how shocking PSR is and how it is unequivocally in place to keep a gap between the elite, masked behind "protecting clubs from bad owners"

 

Our issue is that we've been awful at playing the game, we let so much talent walk away for nothing and overpaid players horrifically, things that, so far, team like brighton haven't/dont do. You just have to always be on it, constant amount of wheeling and dealing. Something we are completely incapable of.

 

The rules are broken, but whilst we have them we need people in charge who have the football knowledge to navigate them as best as possible. 

[StanSP]

2 hours ago, Muzzy_no7 said:

The price we will pay for daring to challenge the ‘elite’. 
 

Keep an eye on Forest and Villa over the coming years. 

Think it's gone beyond that for the shite we're in.

There's been several opportunities to get our shit together but the incompetence of people still in employment at the club knows no bounds. While they were still around, this was always on the horizon... 

[ithuriel]

Seems to be less about football and more about financial rules these days, unless youre a big six club, then it kind of gets pushed to one side but is used like a baseball bat on smaller clubs.

Even then, why cant our club not go goose stepping through this minefield every season recently or so it seems?

[Jazzy_Jeff]

PSR is rotten. Only exists to keep the premier leagues favourites happy.

[James and his giant peach]

Football is gone. The Times article has us charged and probable transfer bans and points deductions whilst underneath is another article with the title 'Chelsea make £200m by selling women's team to themselves and avoid PSR charge' How can they get away with this? 

[Pliskin]

I think I’m going to contact the club and have them cancel my season ticket. I think I’m done, first time in 28 years, Football has gone, and this club is dying and it’s being stabbed to death by the very bodies that swore to protect. Next year will see another relegation followed by a long battle with obscurity. 
 

Really treasure the last decade, it’s been monumental, but the ending is going to be catastrophic. 

[FoxTimmy2]

45 minutes ago, whoareyaaa said:

In the past 10 years, Leicester City's most significant player sales include Harry Maguire to Manchester United (£78.3M), Riyad Mahrez to Manchester City (£61.02M), and Ben Chilwell to Chelsea (£45.18M). Other notable sales include Danny Drinkwater to Chelsea (£34.11M) and Wesley Fofana to Chelsea (£80.40M). 

 

That's without KDH 40m, Maddison 40m Barnes 40m Kante 35m

 

And we have still managed to **** it all up.

 

Well done to Rudkin.

Put like that, it’s almost impressive, you’ve got to actively try to be that negligent.

 

And it wasn’t just the boardroom circus.  The coaching decisions have been just as brainless. We’re the only club in the world who's daft enough to give Ward 26 games consecutive in the top flight, get relegated because of it, and then hire a manager so unprepared and clueless that he thought: lets give Ward another go.

[BillyFOX12]

Leicester City: the picture of stability and sound decision-making.