Premier League has charged LCFC with an alleged breach of PSR

[lcfcbluearmy]

Both things can and are true PSR is a terrible rule and has nothing to do with financial stability as they claim it's all about protecting the big 6 and We have been terribly run over the last 5 years

[urban.spaceman]

1 hour ago, Philkeavo said:

Martin Samuel writing in today’s Sunday Times.

 

Leicester victims of PSR quadruple jeopardy

 

Leicester City would like to make a managerial change; that much seems obvious. Ruud van Nistelrooy won four league matches in his tenure, two of which came after relegation, against teams that, like Leicester, were already down. They cannot move, however, because of Profitability and Sustainability Rules (PSR). Leicester already fear a vindictive 12-point deduction in the Championship next season, and paying off Van Nistelrooy would make their financial predicament worse. Any player who may be considered an asset, such as goalkeeper Mads Hermansen, will have to be sold, weakening them further. Russell Martin, considered a managerial target, has now taken the job at Rangers, and there is a worry that two other candidates, Danny Röhl, of Sheffield Wednesday, and Sean Dyche, may be lost to them too.

 

Leicester erred with Van Nistelrooy, and that’s what PSR does — it cements mistakes in place, with no second chances. So Leicester will be relegated, suffer a points deduction in the league below and conduct a fire sale of what little talent the club do possess, while being stuck with a manager who has shown little aptitude for the job. No one is arguing the club have not been run poorly, but PSR ensures they get no opportunity to change course. This isn’t double jeopardy, it’s quadruple jeopardy. It is almost as if the Premier League won’t rest until it kills a club, just to show it can.

Are people understanding it yet?

 

We have been in an existential downwards spiral ever since the Super League collapsed just before we won the FA Cup.

 

The club has been run poorly and have made terrible mistakes. 

 

But the evidence that the Premier League is attempting to destroy us is palpable. 

 

We're being destroyed in real time by a a demonstrably corrupt league. 

[Sol thewall Bamba]

28 minutes ago, urban.spaceman said:

Are people understanding it yet?

 

We have been in an existential downwards spiral ever since the Super League collapsed just before we won the FA Cup.

 

The club has been run poorly and have made terrible mistakes. 

 

But the evidence that the Premier League is attempting to destroy us is palpable. 

 

We're being destroyed in real time by a a demonstrably corrupt league. 

Did the Premier League make us spend £26 million pounds on Danny Ward?

Edited 8 June 2025 by Sol thewall Bamba

[Happy Fox]

PSR I don’t see clubs like Brentford / Fulham having issues, , fact is we are the worst run club in the top flight and I actually feel we are on par with Sheffield Wednesday.

Edited 8 June 2025 by Happy Fox

[Langston]

7 minutes ago, urban.spaceman said:

The club has been run poorly and have made terrible mistakes. 

 

....and that's why we're in the shit.. It's not a witch hunt..

[teblin]

There are 2 things that can be true, we have made terrible decisions and PSR rules are poor and seems like they cause issues.

 

Much of our decisions are influenced by what might happen with PSR and I think that has in turn made us make bad decisions and decisions we wouldn’t have made if PSR was t an issue.

 

That said we only have ourselves to blame really.

[honeybradger]

This is exactly what we deserve to be honest. How many years have we been in the red regarding PSR and these idiots still sign Skipp for £25mil, bring Edouard on crazy wages, sign Winks and Coady on crazy wages, renew Vestergaard's contact etc.

 

If a financial clamp is the only way the club are going to be forced to cut down on the wage bill then I'm all for it. We're genuinely better off without all these overpaid tossers anyway.

 

 

[Claudio Fannieri]

35 minutes ago, coolhandfox said:

Without the threat of points deduction do you not think we could have recuited better? 

 

Without the PSR doom hangover us we could have spent during the summer window of 22/23 and regenerated the squad.

 

 

 

 

 

Yes I do, there were good young up coming managers and players  in the EFL and abroad who would have been available, jumped at the chance and better long term progressive signings 

[UniFox21]

3 hours ago, Philkeavo said:

Martin Samuel writing in today’s Sunday Times.

 

Leicester victims of PSR quadruple jeopardy

 

Leicester City would like to make a managerial change; that much seems obvious. Ruud van Nistelrooy won four league matches in his tenure, two of which came after relegation, against teams that, like Leicester, were already down. They cannot move, however, because of Profitability and Sustainability Rules (PSR). Leicester already fear a vindictive 12-point deduction in the Championship next season, and paying off Van Nistelrooy would make their financial predicament worse. Any player who may be considered an asset, such as goalkeeper Mads Hermansen, will have to be sold, weakening them further. Russell Martin, considered a managerial target, has now taken the job at Rangers, and there is a worry that two other candidates, Danny Röhl, of Sheffield Wednesday, and Sean Dyche, may be lost to them too.

 

Leicester erred with Van Nistelrooy, and that’s what PSR does — it cements mistakes in place, with no second chances. So Leicester will be relegated, suffer a points deduction in the league below and conduct a fire sale of what little talent the club do possess, while being stuck with a manager who has shown little aptitude for the job. No one is arguing the club have not been run poorly, but PSR ensures they get no opportunity to change course. This isn’t double jeopardy, it’s quadruple jeopardy. It is almost as if the Premier League won’t rest until it kills a club, just to show it can.

Brilliantly summed up.

He isn't saying we haven't ****ed up with stupid decisions, merely saying this system doesn't allow anyone outside the big 6 to make a mistake. 

[urban.spaceman]

1 hour ago, Sol thewall Bamba said:

Did the Premier League make us spend £26 million pounds on Danny Ward?

No, that was this muppet:

 

[urban.spaceman]

How many times do I have to say it? The club has made horrific mistakes on players. Huge amounts of money wasted.

 

PSR restricts the club's ability to fix those mistakes. Our decline has been fully controlled by the Premier League and the EFL since 2021.

[ian__marshall]

I think the PL have opened a can of worms for themselves with their vendetta against us. Appreciate none of this should even be up for debate as the mismanagement of the club is beyond comprehension and we have to be asking ourselves how we really ended up in this situation. 

 

However, couple of things I think the PL will struggle with in pursuit of screwing us. 1) I'm not sure them changing the rules will allow the PL to retrospectively apply sanctions and I think the club would have legal grounds to keep appealing and challenging any decision. 2) The suggestion that we've been uncooperative is subjective so surely has no weight.

 

The only charge I can see sticking is if we didn't submit the accounts as per the December deadline, but I have no idea whether we did or we didn't. If not, it would seem beyond stupid but then nothing at the club would surprise me. 

 

Where this whole situation gets really interesting is assuming the PL somehow manage to press ahead and nail us on all charges based on the tribunal, we would have grounds to raise a new case referencing their lack of action concerning both Man City and Everton in the seasons we finished 5th and 18th respectively.

 

The tribunal clearly stated in their review of our case "Furthermore, a breach of the PSR may have an unfair impact on a relegated Club’s end of Season position in the PL and thus on the relative share of other relegated Clubs in the Merit Payments Fund." I see no reason why we could not contest this, particularly for the first season we were relegated as the lack of action against Everton that season directly led to us being relegated. Likewise the season we missed out on top 4 with charges filed against Man City. In either situation, action against either club potentially sees us in a far different predicament to the one we now find ourselves in. 

 

I'm not making excuses here for the club. We've been mismanaged beyond all comprehension and possibly could/would still have found ourselves where we are regardless. I find it ridiculous that we had a model in place that conformed with PSR and we chose to deviate and pursue something completely different. Brighton have demonstrated that you can navigate the regulations and still progress. It's not rocket science, just common sense. 

[BKLFox]

1 hour ago, Happy Fox said:

PSR I don’t see clubs like Brentford / Fulham having issues, , fact is we are the worst run club in the top flight and I actually feel we are on par with Sheffield Wednesday.

When clubs like Brentford and Fulham have had a 10yr period like ours you can put them as a comparison otherwise it means nothing as they are doing enough to stay in the league that is all.

 

As I said yesterday Glasner has potentially changed the horizon for Palace winning the FA cup, what is their expectations now will they be happy to sit mid table being in the premier league or as expected by Glasner to actually twist and try and kick on, if they stick he will go as will most of their higher end talent as they have tasted success which can destroy clubs like the rest of us.

 

Mean while the likes of Liverpool can spend £200m in transfers & pay wages of £355kpw (Wirtz) without it tickling the books.

 

This isn’t me sticking up for the club because I fully agree our transfers have been shocking but the reality is we can only spend something like £25m net and really should be limited to £45-60kpw in wages & would still sail close to PSR.

 

I will also keep banging the Reading FC drum on how PSR in what ever guise fails ‘normal’ clubs because once in trouble you can’t dig yourself out without losing virtually everything.

[UniFox21]

1 hour ago, Happy Fox said:

PSR I don’t see clubs like Brentford / Fulham having issues, , fact is we are the worst run club in the top flight and I actually feel we are on par with Sheffield Wednesday.

Both are gradually climbing the table, not really doing anything to shock or disturb the usual standing of the league are they?

[Claudio Fannieri]

23 minutes ago, urban.spaceman said:

How many times do I have to say it? The club has made horrific mistakes on players. Huge amounts of money wasted.

 

PSR restricts the club's ability to fix those mistakes. Our decline has been fully controlled by the Premier League and the EFL since 2021.

No it hasn’t been fully controlled by the premier league and EFL, there are rules and our poor decision making has prevented us from righting those wrongs. 
 

the rules are shit but so has been the management of the club. 

[Philkeavo]

2 hours ago, urban.spaceman said:

But the evidence that the Premier League is attempting to destroy us is palpable. 

 

We're being destroyed in real time by a a demonstrably corrupt league. 

This. We were all pleased at the time that the club challenged the Premier League and won - what now looks like a hollow victory. 

We embarrassed them by shining a spotlight on their ill-drafted rules. We would have been better to take our punishment for PSR breaches that were obvious if not legally water tight. The Premier League are determined to make an example of us.

 

I am becoming more and more convinced the lack of absolutely anything happening at King Power/LCFC is because the Board are trying to negotiate a way through this mess.

[Chelmofox]

The thing is, would we be in a better position if PSR didn't exist at all or would we have spent ourselves into oblivion to the verge of bankruptcy?  

 

My take on this, is that its overpaying for, and not being able to get rid of deadwood thats the big issue. The fear of getting rid of Patson Daka / Soumare on a PSR loss means you hang on as time improves the book value, and you hope they might come good at some point. But get those guys down to the last year of the contracts and they are most likely to hang on and leave for a free.

 

If we had been able to dump some of these earlier, the club would incur manageable losses and hopefully refresh the squad.

 

Overpaying was still a stupid position for the club to take. 

[trooky]

4 hours ago, sylofox said:

 

So the other clubs don't pay wages?

 

I know we pay a stupid amount for a none big six club.

 

But fairly safe to say Chelsea UTD and Man C all pay way more than we do.

We had the 7th highest PL wage bill the season we were relegated under Rodgers, but I'm certain we didn't have the 7th highest football generated revenue. 

[trooky]

48 minutes ago, Philkeavo said:

This. We were all pleased at the time that the club challenged the Premier League and won - what now looks like a hollow victory. 

We embarrassed them by shining a spotlight on their ill-drafted rules. We would have been better to take our punishment for PSR breaches that were obvious if not legally water tight. The Premier League are determined to make an example of us.

 

I am becoming more and more convinced the lack of absolutely anything happening at King Power/LCFC is because the Board are trying to negotiate a way through this mess.

Yes its an even more hollow fictory when you consider they placed their trust in Cooper and then RVN to keep us in the PL and wasted so much money on Skipp. 

 

In hindsight they should have taken the deductions so we could start next season in the EFL without a potential penalty. 

[volpeazzurro]

18 hours ago, urban.spaceman said:

Are people understanding it yet?

 

We have been in an existential downwards spiral ever since the Super League collapsed just before we won the FA Cup.

 

The club has been run poorly and have made terrible mistakes. 

 

But the evidence that the Premier League is attempting to destroy us is palpable. 

 

We're being destroyed in real time by a a demonstrably corrupt league. 

At the start of every season, the club will have been aware of what our incomings would be in terms of media money, sponsorship and to a large extent, forthcoming ticket sales bar cup runs. They will know what their outgoings were in terms of players wages etc. They would know which players would be out of contract and perhaps even who they wanted to sell and the likely income from those sales.

 

This is surely basic accounting for any business? Agreed that some things regarding finances to a lesser extent might not have been known but we're not talking about a couple of million pounds here and there, our lot were hugely out of pocket year after year! 

 

We may or may not like PSR for various reasons but our problems are down to incompetent accounting, we are the authors of our own downfall. What really bothers me is that this has been allowed to happen for years. Top MUST have known and either chose to ignore it or he was complicit in it like an out of control gambler. He's either very poor in business or stupid. The book stops with him for me. Do people think we'd have been in the same situation under his father?

Edited 9 June 2025 by volpeazzurro

[The_77]

2 hours ago, urban.spaceman said:

How many times do I have to say it? The club has made horrific mistakes on players. Huge amounts of money wasted.

 

PSR restricts the club's ability to fix those mistakes. Our decline has been fully controlled by the Premier League and the EFL since 2021.

PSR were so far off the club’s radar until it was too late in the 2022-23 season. 

Edited 8 June 2025 by The_77
Added the word season

[lcfcbluearmy]

41 minutes ago, trooky said:

We had the 7th highest PL wage bill the season we were relegated under Rodgers, but I'm certain we didn't have the 7th highest football generated revenue. 

In 21/22 we had the 8th highest revenue in the prem so the 7th highest wage in 22/23 is not actually that unexpected. 

 

The problem is that most of that wage was spent on players that weren't performing or being used so the team underperformed and our revenue then collapsed

[whoareyaaa]

It all started when we bought Slimani for 30m

[Corky]

1 hour ago, Chelmofox said:

The thing is, would we be in a better position if PSR didn't exist at all or would we have spent ourselves into oblivion to the verge of bankruptcy?  

 

My take on this, is that its overpaying for, and not being able to get rid of deadwood thats the big issue. The fear of getting rid of Patson Daka / Soumare on a PSR loss means you hang on as time improves the book value, and you hope they might come good at some point. But get those guys down to the last year of the contracts and they are most likely to hang on and leave for a free.

 

If we had been able to dump some of these earlier, the club would incur manageable losses and hopefully refresh the squad.

 

Overpaying was still a stupid position for the club to take. 

I think @Stadt mentioned that we spent big on mediocrity so we haven't been able to comply yet are left with a squad of relatively little value.

 

We have been poor sellers for years. Maguire did a lot of heavy lifting on our reputation. Relegation forced us to lose Barnes and Maddison for less than their value. Losing Iversen on a free when we could have brought in money, too.

 

Tielemans, Soyuncu, Perez, Iheanacho and Praet all going for nothing- probably north of £60 million lost there. It means we are forced to lose our better assets for less to get some revenue in.

 

 

[MattFox]

Not a fan of PSR at all but the regulations were voted on in early 2013 before we were promoted and implemented in 2015 when we were 5000-1 for the title

 

We were fully compliant in our most successful trophy wining seasons too

 

I’d Hardly say it’s a witch hunt against us specifically 

 

Definitely a bias in favour of the traditional big clubs but it’s not something the PL has done because of us upsetting anything