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moore_94

LCFC statement regarding PSR

By moore_94, in Leicester City Forum

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moore_94

moore_94

Posted
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Posted (edited)

https://www.lcfc.com/pages/en/media-article/lcfc-statement-20-may-2025
 

LCFC Statement: 20 May, 2025
 

Leicester City FC notes the Tribunal decision which has been published today.
 

The Club is pleased that it successfully defended the Premier League’s challenge to the Appeal Board decision in relation to the PSR assessment period ending FY23, which was the main focus of these proceedings. 
 

The Premier League’s own rules provide a deliberately high threshold for any challenge to the decision of an Appeal Board. In this case, the Appeal Board’s decision was only capable of being overturned if it could be shown to have resulted from a “perverse interpretation of the law” or was a decision “which could not reasonably have been reached”. 

 

The Appeal Board decision was reached by a highly experienced panel (including two former Court of Appeal judges) and, although the tribunal may have disagreed with the decision, it dismissed the Premier League’s challenge, finding (consistent with the arguments made by the Club all along) that the Appeal Board decision “could not sensibly be seen as resulting from a perverse interpretation of the law”.

 

The tribunal also concluded that the Premier League was successful in establishing jurisdiction on one of the two grounds argued by the Premier League with respect to the assessment period ending FY24, and the Premier League has now referred this to an independent Commission. Consistent with its previous commitments, the Club intends to engage cooperatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24. However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature.

Edited by moore_94
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ClaphamFox

ClaphamFox

Posted
Posted

So we've been charged by the PL for last season. The view among the football finance 'experts' was that it would have been very tight for that period, so hopefully the breach was only small. Also: if the PL has jurisdiction for this, does that mean we can only be punished if/when we get promoted again?

  • Like 1
Les-TA-Jon

Les-TA-Jon

Posted
Posted
5 minutes ago, ClaphamFox said:

So we've been charged by the PL for last season. The view among the football finance 'experts' was that it would have been very tight for that period, so hopefully the breach was only small. Also: if the PL has jurisdiction for this, does that mean we can only be punished if/when we get promoted again?

Pretty sure I read that in some of the recent revisions to PL and EFL rules they closed loopholes and now both leagues can impose punishments on club regardless of which league they're currently in. But I could be wrong

 

  • Like 1
FoyleFox

FoyleFox

Posted
Posted
5 minutes ago, ClaphamFox said:

So we've been charged by the PL for last season. The view among the football finance 'experts' was that it would have been very tight for that period, so hopefully the breach was only small. Also: if the PL has jurisdiction for this, does that mean we can only be punished if/when we get promoted again?

No, I think they recently changed the rules, after we successfully defended the last one about jurisdiction.

ClaphamFox

ClaphamFox

Posted
Posted
Just now, FoyleFox said:

No, I think they recently changed the rules, after we successfully defended the last one about jurisdiction.

I know they changed the rules, but I'm not sure if that change can be imposed retroactively. 

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moore_94

moore_94

Posted
  • Author
Posted
1 minute ago, ClaphamFox said:

I know they changed the rules, but I'm not sure if that change can be imposed retroactively. 

Wouldn’t be surprised if that is how we try to argue it

Claudio Fannieri

Claudio Fannieri

Posted
Posted
2 minutes ago, moore_94 said:

Wouldn’t be surprised if that is how we try to argue it

And your incoming substitute to replace Jamie Vardy is Leicester’s new  number 9 ……… Nick Di Marco, come on lad, save us again 😂

  • Haha 1
Bert

Bert

Posted
Posted
13 minutes ago, ClaphamFox said:

So we've been charged by the PL for last season. The view among the football finance 'experts' was that it would have been very tight for that period, so hopefully the breach was only small. Also: if the PL has jurisdiction for this, does that mean we can only be punished if/when we get promoted again?

But the two other breaches will have some significance to play. 

Raj

Raj

Posted
Posted
20 minutes ago, HankMarvin said:

Stick him on the payroll full time 

he can walk Vestys dog when hes free!

davieG

davieG

Posted
Posted

3 Charges!

 

 

With that matter over, City and the Premier League move on to 23/24. There are three charges, not just for a breach of the EFL's PSR threshold over maximum losses, but also for allegedly failing to file their accounts by December 31, 2024, and for failing to "provide full, complete and prompt assistance to the Premier League in response to the League’s inquiries".

 

https://www.leicestermercury.co.uk/sport/football/football-news/breaking-leicester-city-charged-over-10197198

  • Haha 1
Hitesh

Hitesh

Posted
Posted
8 minutes ago, davieG said:

3 Charges!

 

 

With that matter over, City and the Premier League move on to 23/24. There are three charges, not just for a breach of the EFL's PSR threshold over maximum losses, but also for allegedly failing to file their accounts by December 31, 2024, and for failing to "provide full, complete and prompt assistance to the Premier League in response to the League’s inquiries".

 

https://www.leicestermercury.co.uk/sport/football/football-news/breaking-leicester-city-charged-over-10197198

It's one thing failing PSR. It's sheer incompetence to fail on the other two counts

  • Like 1
Corky

Corky

Posted
Posted

So we intend to engage cooperatively and have also been charged with failing to provide full, complete and prompt assistance?

 

Encouraging stuff :nigel:

  • Like 1
purpleronnie

purpleronnie

Posted
Posted
9 hours ago, moore_94 said:

https://www.lcfc.com/pages/en/media-article/lcfc-statement-20-may-2025
 

LCFC Statement: 20 May, 2025
 

Leicester City FC notes the Tribunal decision which has been published today.
 

The Club is pleased that it successfully defended the Premier League’s challenge to the Appeal Board decision in relation to the PSR assessment period ending FY23, which was the main focus of these proceedings. 
 

The Premier League’s own rules provide a deliberately high threshold for any challenge to the decision of an Appeal Board. In this case, the Appeal Board’s decision was only capable of being overturned if it could be shown to have resulted from a “perverse interpretation of the law” or was a decision “which could not reasonably have been reached”. 

 

The Appeal Board decision was reached by a highly experienced panel (including two former Court of Appeal judges) and, although the tribunal may have disagreed with the decision, it dismissed the Premier League’s challenge, finding (consistent with the arguments made by the Club all along) that the Appeal Board decision “could not sensibly be seen as resulting from a perverse interpretation of the law”.

 

The tribunal also concluded that the Premier League was successful in establishing jurisdiction on one of the two grounds argued by the Premier League with respect to the assessment period ending FY24, and the Premier League has now referred this to an independent Commission. Consistent with its previous commitments, the Club intends to engage cooperatively in this matter now that the Premier League’s jurisdiction has been established for the period ending FY24. However, we will not be able to comment further on these proceedings until they are concluded, due to their confidential nature.

wow it takes this for them to make a statement, keep the fans in the dark about everything else, don'tt give a shit about being relegated etc...

  • Like 2
jayfox26

jayfox26

Posted
Posted
6 hours ago, stevostadium said:

Yes they can. Loophole now closed with immediate effect.

Loophole closed for teams going forward from when the rule was changed. I find it hard to believe they would be able enforce a new rule for a time period when the rule wasn't in place. Nick De Marco will piss all over these useless feckers again. I honestly think these daft bastards at the PL are as incompetent as our board.

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