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moore_94

Premier League has charged LCFC with an alleged breach of PSR

By moore_94, in Leicester City Forum

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CosbehFox

CosbehFox

Posted
Posted
Just now, slymunn said:

 

Guessing that's all the staff, women's team etc? Because that's quite a difference to below.

 

image.thumb.png.d03a0c61e52c0399b5b005cb81e88dcd.png

£107m is off the accounts and subsequent financial results. 

 

£19.5m loss last season - which means a likely PSR result of £1.5m profit. 

  • Like 1
Larry_LCFC

Larry_LCFC

Posted
Posted
2 minutes ago, CosbehFox said:

Our wage bill was £107m last time in the Championship

 

 

Arguably getting relegated is a bigger loss than just taking whatever punishment they threw at us if we'd invested to stay up. Not just money from the Premier league, but exposure and interest from a much bigger foreign fanbase is worth a shit tonne.

  • Sad 1
CosbehFox

CosbehFox

Posted
Posted
2 minutes ago, Larry_LCFC said:

Arguably getting relegated is a bigger loss than just taking whatever punishment they threw at us if we'd invested to stay up. Not just money from the Premier league, but exposure and interest from a much bigger foreign fanbase is worth a shit tonne.

It proves how much a disaster that season of a £90m loss (thankfully due to drop off the PSR calculations) when you consider it has £200m+ revenue! 

  • Like 1
Finn Claw II

Finn Claw II

Posted
Posted

I do think we are doing what the rules are intended for - I.e selling players and reducing the wage bill.  You’d hope that merits a lenient punishment.


 

 

 

CosbehFox

CosbehFox

Posted
Posted (edited)
15 minutes ago, Finn Claw II said:

I do think we are doing what the rules are intended for - I.e selling players and reducing the wage bill.  You’d hope that merits a lenient punishment.


 

 

 

We are now. But we weren't in the period of which we have been charged for. 

Edited by CosbehFox
  • Like 3
stu

stu

Posted
Posted
10 minutes ago, Finn Claw II said:

I do think we are doing what the rules are intended for - I.e selling players and reducing the wage bill.  You’d hope that merits a lenient punishment.


 

 

 

Tell that to a Crystal Palace fan. It matters what the situation was at the time, not what has happened since.

 

Obviously different scenarios, but do you think that the authorities will care what we've done since after we made them look like idiots? The independant panel won't care either, especially after we have been charged with failing to comply as well.

  • Like 1
Bert

Bert

Posted
Posted
16 minutes ago, Finn Claw II said:

I do think we are doing what the rules are intended for - I.e selling players and reducing the wage bill.  You’d hope that merits a lenient punishment.


 

 

 

I’m not sure this will be take into account, I could be really wrong but the charge relates to last season rather than what we are doing now. On the same page it’s why they can’t go really extreme with us for previous seasons because they are closed now. 

Ric Flair

Ric Flair

Posted
Posted
1 hour ago, CosbehFox said:

My maths suggest we needed to save approx 30% on our last PL financial accounts to avoid another breach but then you have to remember that last season, our transfers were in region of £60 million loss and we only sold Cannon in the financial year. Wage bill would go down but we actually add more senior players. 
 

For some mad reason, we didn’t pursue selling a player over June to try and nullify that transfer loss. Either the club were paid a ridiculous sum of money by BC Game or we’ve grossly misunderstood the rules or want to challenge the rules. 
 

Now if we reduced last years loss by 30%, then as it stands we need to find another c£15m not to breach again.
 

Our last Championsjip season we would have made a PSR cal of around £1.5m profit by that was supported by £72m player sales / managerial compensation. We are at best estimates £29m incoming transfer profit at the moment 

Am I right in thinking, if we've breached 23/24 and the points deduction set by the IC and then handed down by the EFL, if we've also breached 24/25 that it's capped under EFL rules? Maybe that's why?

sylofox

sylofox

Posted
Posted
1 hour ago, HarryDee8 said:

Do we have any money to spend on players? If so what is it roughly?

It was £7.50p

 

But Doris has sold a couple of pairs of soiled knickers to Top and Rudkin then donated the money for transfers.

 

We now have £37,007.50p

  • 2 weeks later...
JimJams

JimJams

Posted
Posted
9 minutes ago, whoareyaaa said:

The more clubs that become victim to this will only help the scraping of the system for how corrupt it is.

They've got to be careful though cos if clubs get shafted either through compliance or penalties and then it gets to a point something needs to be done about one of the bigger clubs and they just say "you know what i think these rules need reviewing. Clean slate for all" after doing the damage to the likes of ourselves they'll open themselves up to some serious court action!

Jimmy

Jimmy

Posted
Posted
20 minutes ago, Foxdiamond said:

Martin Samuel has a powerful article about us and PSR carve up 

got the link?

Jimmy

Jimmy

Posted
Posted
17 minutes ago, JimJams said:

They've got to be careful though cos if clubs get shafted either through compliance or penalties and then it gets to a point something needs to be done about one of the bigger clubs and they just say "you know what i think these rules need reviewing. Clean slate for all" after doing the damage to the likes of ourselves they'll open themselves up to some serious court action!

the talking heads are picking it up now its affecting the likes of Villa and Saudi FC, now they think the system needs to change, obviously little Leicester just needed to know their place

  • Like 2
Pliskin

Pliskin

Posted
Posted

Just get rid of it. It doesn’t stop teams from going bust, and it protects the big boys. If you’re going to do that, then just allow clubs to operate as they wish. If you want to bring in any kind of restrictions, introduce wage caps. PSR is ruining the game, and is more than likely to send a club out of existence than save them. 
 

It’s about time every club came together and agreed to have it removed, or collectively every club just says that they will refuse to follow the rules, then what will they do? Deduct points from everyone? 

  • Like 4
Jimmy

Jimmy

Posted
Posted
Just now, Pliskin said:

Just get rid of it. It doesn’t stop teams from going bust, and it protects the big boys. If you’re going to do that, then just allow clubs to operate as they wish. If you want to bring in any kind of restrictions, introduce wage caps. PSR is ruining the game, and is more than likely to send a club out of existence than save them. 
 

It’s about time every club came together and agreed to have it removed, or collectively every club just says that they will refuse to follow the rules, then what will they do? Deduct points from everyone? 

they aren't going to do that, it needs to be imposed.

 

6 clubs know it protects their status at the top of the league due to them being able to spend their way to a massive global revenue advantage and the rest know it gives them a huge advantage over newly promoted teams, there's about 5 clubs every year that would want it changed and 3 of them are newly promoted

  • Like 2
surrifox

surrifox

Posted
Posted
5 minutes ago, Jimmy said:

they aren't going to do that, it needs to be imposed.

 

6 clubs know it protects their status at the top of the league due to them being able to spend their way to a massive global revenue advantage and the rest know it gives them a huge advantage over newly promoted teams, there's about 5 clubs every year that would want it changed and 3 of them are newly promoted

Spurs are big proponents . It allows them unchallenged to cling to their fantasy of being an elite club despite never winning anything except falling ass backwards into the champions league from which hopefully they will flop as per 

HarryDee8

HarryDee8

Posted
Posted

 So does this mean that PSR has literally killed off the idea of rich owners coming in and ploughing money into a club?

 

Because the PSR is mainly based on revenue coming in. It doesn't count owners wanting to spend their own money into the club?

 

Top 6 then are literally given the advantage

 

 

Trav Le Bleu

Trav Le Bleu

Posted
Posted
4 minutes ago, HarryDee8 said:

 So does this mean that PSR has literally killed off the idea of rich owners coming in and ploughing money into a club?

 

Because the PSR is mainly based on revenue coming in. It doesn't count owners wanting to spend their own money into the club?

 

Top 6 then are literally given the advantage

 

 

Yes, that exactly.

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