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Posted
2 minutes ago, Guest said:

Short version for anyone wondering: Percy reporting that our charges will be heard next week. Accused of breaching PSR in 23/24, failing to provide our accounts before the deadline and basically failing to cooperate with the Premier League. Nick De Marco "expected" to be representing us again.

 

As for the outcome, "a final verdict is not expected until the end of this year at the earliest" and any sanctions, including points deductions, can be imposed this season.

Yes, saw something that Everton learnt their original fate around a month after the hearing so end of the year sounds right.

Posted
11 minutes ago, Aleksz said:

What's really the news here, the club have accepted it, we're getting a points deduction, move on - what will be will be. 

Have they? Where are you getting that from?

  • Like 1
Posted
3 minutes ago, Wymsey said:

It'll probably be a suspended points deduction.

This sounds nice tbh only if we’re ok for the future accounts 😂

Posted

Hopefully our temporary CEO will have stopped pretending to care about a dead Queen Mother enough to hop on a plane and be here for this one…

  • Like 3
Posted
41 minutes ago, Guest said:

Short version for anyone wondering: Percy reporting that our charges will be heard next week. Accused of breaching PSR in 23/24, failing to provide our accounts before the deadline and basically failing to cooperate with the Premier League. Nick De Marco "expected" to be representing us again.

 

As for the outcome, "a final verdict is not expected until the end of this year at the earliest" and any sanctions, including points deductions, can be imposed this season.

Failing to cooperate is a funny one, charging a side with fighting their corner. 

Posted

The article states rules amended earlier this year so points deductions can be passed from PL to EFL. I just cannot believe they will be legally allowed to implement a new rule after alleged offence took place 

  
if we are found guilty and lose appeal it will be a fine or points deduction held over to next time we are in PL. As that may not happen for a while PL will accept a fine. 

  • Like 2
Posted

Percy's article:

 

Leicester City’s latest legal row with the Premier League will finally begin next week.

The Championship club will appear at a hearing as they contest three new charges, with the renewed prospect of a points deduction hanging over them.

Leicester are alleged to have breached profitability and sustainability rules for the 2023-24 season, when the club was last operating in the Championship.

With the Premier League confirming the charges in May, Leicester were also accused of failing to provide their annual accounts before the December 31 deadline.

There was an additional charge after failing an “obligation to provide full, complete and prompt assistance to the Premier League”.

Leicester are facing a number of potential sanctions if the charges are proven by an independent disciplinary commission.That could range from a points deduction to a fine or transfer ban.

Leicester’s legal battles with the Premier League have been ongoing for over 18 months.

In September last year, Leicester won an appeal against their first alleged breach of PSR when a panel found the Premier League did not have the jurisdiction to punish Leicester as they had been relegated to the Championship when their accounting period ended on June 30, 2023.

Renowned sports lawyer Nick De Marco and his team at Blackstone Chambers successfully defended Leicester on that occasion, and are expected to represent them at next week’s hearing.

How bad were Leicester’s losses?

Leicester have made combined losses of over £200m across the three-year rolling period ending June 30, 2024. PSR regulations permit a maximum of £81m over that period, with adjustments for deductions.

Those losses included a record amount of £92.5m in the 12 months leading up to May 2022.

The following year they reported losses of £89.5m, attributing them to a number of factors including relegation, the “unplanned expenditure” of sacking £8m-a-year manager Brendan Rodgers, plus an estimated £30m deficit from finishing 18th in the table below targeted expectations.

As a result of those losses, Leicester have spent just under £3m on transfer fees this year.

When could we get a verdict?

It is unclear when Leicester will discover the outcome of this hearing, but many sources claim a final verdict is not expected until the end of this year at the earliest.

Appeals could risk the row dragging on into the second half of the season.

After rules were amended earlier this year, any sanction – including a points deduction – could be imposed this season with Leicester in the Championship.

That uncertainty is threatening to cause great disruption in the chase for promotion.

Leicester and the Premier League declined to comment.

  • Thanks 1
Posted

Basically a nothing burger, right? Not gonna hear any outcome for yonks. 

 

Can't even bring myself to be arsed in the slightest about this. 

  • Like 1
Posted
6 minutes ago, Bourbon Fox said:

Percy's article:

 

Leicester City’s latest legal row with the Premier League will finally begin next week.

The Championship club will appear at a hearing as they contest three new charges, with the renewed prospect of a points deduction hanging over them.

Leicester are alleged to have breached profitability and sustainability rules for the 2023-24 season, when the club was last operating in the Championship.

With the Premier League confirming the charges in May, Leicester were also accused of failing to provide their annual accounts before the December 31 deadline.

There was an additional charge after failing an “obligation to provide full, complete and prompt assistance to the Premier League”.

Leicester are facing a number of potential sanctions if the charges are proven by an independent disciplinary commission.That could range from a points deduction to a fine or transfer ban.

Leicester’s legal battles with the Premier League have been ongoing for over 18 months.

In September last year, Leicester won an appeal against their first alleged breach of PSR when a panel found the Premier League did not have the jurisdiction to punish Leicester as they had been relegated to the Championship when their accounting period ended on June 30, 2023.

Renowned sports lawyer Nick De Marco and his team at Blackstone Chambers successfully defended Leicester on that occasion, and are expected to represent them at next week’s hearing.

How bad were Leicester’s losses?

Leicester have made combined losses of over £200m across the three-year rolling period ending June 30, 2024. PSR regulations permit a maximum of £81m over that period, with adjustments for deductions.

Those losses included a record amount of £92.5m in the 12 months leading up to May 2022.

The following year they reported losses of £89.5m, attributing them to a number of factors including relegation, the “unplanned expenditure” of sacking £8m-a-year manager Brendan Rodgers, plus an estimated £30m deficit from finishing 18th in the table below targeted expectations.

As a result of those losses, Leicester have spent just under £3m on transfer fees this year.

When could we get a verdict?

It is unclear when Leicester will discover the outcome of this hearing, but many sources claim a final verdict is not expected until the end of this year at the earliest.

Appeals could risk the row dragging on into the second half of the season.

After rules were amended earlier this year, any sanction – including a points deduction – could be imposed this season with Leicester in the Championship.

That uncertainty is threatening to cause great disruption in the chase for promotion.

Leicester and the Premier League declined to comment.

Who cares anymore. With the way the club is run 

Posted (edited)
51 minutes ago, UniFox21 said:

Failing to cooperate is a funny one, charging a side with fighting their corner. 

Yeh we basically have a better lawyer than they do and they want to punish us for it 🤣. They are a joke and the whole reason they've failed to do us previously is because their own rules are ambiguous and poorly written hence they are, or were until they changed them, open to loopholes and technicalities which we, rightly or wrongly, exploited. 

Edited by jayfox26
Posted
1 hour ago, Nolucklcfc said:

Will be glad to get the ****ing thing out the way to be honest. Sick of constant PSR news always hanging over us. 

Just doesn't feel like it will be the end even after this is done. Do you trust them to comply next season? Just feels like we'll pay the price for years.

Posted

Part of me wants to stick 2 fingers up to the corrupt bastards at the PL and EFL and another part of me wants the clowns that run our club to be shown up for the jokers they are! 

 

On the one hand we've been very poorly run and any club that spends £20m on Skipp should be given an immediate points deduction and a transfer embargo. 

 

On the other hand, these corrupt rules are there to help the "big 6", not to help stop clubs going under which is they what they say they try to do. 

 

The fact they have been hounding us for 3-4 years is also a poor look. They have been absolutely desperate to shaft us and whilst some of it is justified (not denying we've been terribly run and wasted hideous amounts of money), there is another part of me that sees it as them putting us back in our box because we dared threaten the "big 6".

  • Like 1
  • Thanks 1
Posted
10 minutes ago, It'sblueupnorth said:

The fact this is going to court makes it sound as though they have more of a case than they did last time around?

This is not a court it is an independent tribunal made of 3 KC’s. Both parties agree to be bound by the commissions decision. If Leicester felt the outcome has illegal content then they could sue. The punishment is within the remit of the tribunal. The panel have to act within a framework and it is hard with retrospective activities so timelines become critical. We retain a very good counsel who understand the subtleties of the rules which consistently have been poorly drafted due to the inadequacies of the EPL and EFL management. The outcome is far from certain for both sides. As with the Man City case mitigation arguments will focus on fine points of contract law. The governing bodies lost last time twice so who knows.

  • Like 1
Posted
27 minutes ago, Gamble92 said:

Just doesn't feel like it will be the end even after this is done. Do you trust them to comply next season? Just feels like we'll pay the price for years.

Until we get different people responsible for this, I suspect you’re right. 

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