6 point deduction - confirmed

[Swarles Barkley]

6 minutes ago, The Year Of The Fox said:

Has he deleted those videos of us yet? 

“For the 1000th time, im not putting on a horse mask”

[westernpark]

One of the lowest moments in the club’s history. You can’t reconcile anything from this situation if some fans are still doing the equivalent of standing on the motorway with their eyes closed and being grateful they’ve not been splattered by a Tesco lorry.

 

Things are only going to get much worse.

[BigGibbo]

6 minutes ago, Number 6 said:

I do worry about the mentality of our players. Such a weak squad.

Exactly. 😰

[Wsl]

If Top is baffled as to how and why we've ended up where we are, he could do worse than to read the decision. In particular (bold lettering is mine, the rest is as printed - some bits like Brendan's pay off have already been redacted):

 

94. Following a further deterioration in results and entry into the relegation places in 29 early April 2023, LCFC dismissed its manager, Brendan Rodgers (and his coaching staff), at a cost of approximately £ . Mr Davies said this decision was taken in the hope that improved performance, retention of Premier League status, increased merit payments, and player sales in June would ensure PSR compliance. He accepted that the termination had financial consequences and acknowledged that the Club’s PSR and P&S position at the time was “very serious”, exacerbated by carrying “unused players” for “several seasons”

 

95. Mr Davies said that LCFC engaged with the PL regarding the PSR implications of the dismissal and submitted a revised PSR submission in April 2023. Subsequent projections indicated that LCFC would need to generate over £59 million in player sale profits before 30 June to avoid breaching the ULT. He accepted that the shortfall in player-sale profits in summer 2022 and January 2023, together with declining sporting performance, placed the Club at heightened risk of breach.

 

96. After relegation on 28 May 2023, Mr Davies stated that player sales became the Club’s principal financial priority. He explained that James Maddison was sold for on 28 June 2023 so that the profit would fall within FY23. He also referred to the subsequent sale of Harvey Barnes for £ three weeks later, noting that, had that transaction occurred before 30 June, it would likely have brought LCFC within the ULT, albeit at the expense of reducing FY24 profits by the same amount.

 

97. Turning to FY24, Mr Davies stated that LCFC understood the applicable ULT in the EFL to be £83 million. He accepted that the Club signed players for significant fees during the FY24 summer window but did not achieve the level of player-sale profits he had identified as necessary for compliance. Although LCFC’s internal forecast submitted to the EFL in September 2023 projected compliance, he said that the Club’s financial position deteriorated to the point that the imposition of a business plan by the CFRU in November 2023 “would not have helped”.

 

98. Mr Davies explained that he prepared financial scenarios and advised LCFC’s owners that substantial player sales would be required in January and June 2024 to comply with the ULT. No transfers occurred in the January 2024 window, leaving LCFC reliant on the June 2024 window to avoid breach “by a very large amount”. He accepted that he repeatedly advised management that LCFC would breach the ULT absent significant player-sale profits. He also accepted that the EFL had indicated it would apply a 37-month assessment period for the FY24 assessment, notwithstanding that LCFC submitted its forecast on a 36-month basis.

 

99. Mr Davies stated that LCFC moved from a £63.8 million adjusted loss in FY23 to a £6.1 million adjusted profit in FY24. He attributed this to corrective action following relegation, including substantial salary reductions, the £ Barnes sale, nonrenewal of high-earning contracts, player loans, and wage-reduction clauses. He accepted, however, that LCFC did not complete sufficient player sales during the final two weeks of the 2024 transfer window, despite his advice. He also accepted that, if LCFC “had made significant sales at undervalues” to comply with the ULT, “it could have been at the bottom end of the Championship” in the 2023/24 season.

 

And yet here we are. At the bottom end of the Championship in the 2025/26 season......

[Pliskin]

Nearly £500m has passed through this club in a decade….. and we’re staring league one in the face. 
 

 

How can anyone at all defend Top and King Power…. His position at the club is now and has been since we were relegated under Smith, 100% untenable. 
 

You can’t get a rat out of your home by sitting and doing nothing. 

Edited 5 February by Pliskin

[ClaphamFox]

11 minutes ago, Manwell Pablo said:

 

What? No, I'll talk to the person who tried to dispute what I was saying because it wasn't reported in the Sun.

I wasn’t disputing it. How could I dispute something that was by definition true as we’re already in February? I was highlighting how the media has been reporting alarmist nonsense based on guesswork for weeks. 

[PhillippaT]

22 minutes ago, Swarles Barkley said:

“Top, why is Rudkin in our bed again”?

I didn't have a Thai version of 'Allo 'Allo on my bingo card today  

[Phil Mitchell]

Can’t wait to tell the Mitchell grandkids how we broke PSR rules with Daka and ayew as our strikers. Phil

[Manwell Pablo]

5 minutes ago, ClaphamFox said:

I wasn’t disputing it. How could I dispute something that was by definition true as we’re already in February? I was highlighting how the media has been reporting alarmist nonsense based on guesswork for weeks. 

 

I read it wrong then so I'll apologise.

 

 

 

 

 

 

[teblin]

39 minutes ago, Manwell Pablo said:

@teblin@ClaphamFox

 

Apologies will be accepted in person or in writing.

A broken watch is right twice a day.

 

if I remember correctly I was saying we’d heard it many times and the closer we get to the end of the season you are more likely to be right about the month.

Edited 5 February by teblin

[Manwell Pablo]

1 minute ago, teblin said:

A broken watch is right twice a day.

 

Some statement, Do you want to try and point out 1438 times I've been wrong to back that up pal ? 

[Terraloon]

I have now had a chance to fully read the written reasons in depth and when you plot LC actions I genuinely can’t believe some of the things that have gone on.

It’s been interesting to read some of the comments on here from those that feel that LC are the victims in this but to be honest the way the club has run its finances is  beyond belief.

 

For the club to try and shape the narrative that there was a victory because the PL argued for a larger points deduction and didn’t get it was pathetic.

 

Just about every agreement LCs legal team made was dismissed . Save the agreement that the assessment should be other 36 months not 37 there was absolutely nothing to celebrate and even then that did little to nothing in terms of the ICs ruling. 
 

None of us have any input into decisions to be made re an appeal but if I personally was in the room I would say take your medicine and move on.

[LCFCJohn]

32 minutes ago, Dahnsouff said:

They have minor credit for who they accidentally employed to lead to our success, but agree 100% that, apart from maybe Seagrave, they have failed to set the club on a modem pathway for longer term success or stability.

I think minor credit is accurate. There seems to be accounts that the Birch was responsible for Pearson coming back. Best case they realised we were onto a good thing that they cut short and retuned to the obvious. No strategy or deep thinking involved. And they continued to be the case even Vichai. Never a strategic approach that was club led. 
 

Whereas this fall from grace, and the humiliating situation we find ourselves

in, to anyone with any sense is entirely down to awful and incompetent management of the club.

 

If you place an axis for positive contributions to the success, as a direct result of the actions of the ownership and another of the negative contributions to the current plight, as a result of the actions of the ownership, which one is higher? And it isn’t even close….

[teblin]

6 minutes ago, Manwell Pablo said:

 

Some statement, Do you want to try and point out 1438 times I've been wrong to back that up pal ? 

You were right, Well done. 
 

Also, I again like Clapham was stating we had heard so many times it was going to be this week, this month. The closer you get to the end of the season you are more likely to be right.

 

its a crap situation, not sure we need all this on animosity the forums if I’m honest.

 

should be aimed at the people that cause the issues not each other.

Edited 5 February by teblin

[Stuntman_Mike]

1 hour ago, BigGibbo said:

Four worse teams? Are you quite sure?

 

Blackburn, West Brom, Portsmouth, Norwich and Charlton (who just beat us at home) are our competition. I'd say we are favourites to go down without a radical uptick in performance now.

 

I'd only fancy us to beat Portsmouth out of that lot. Not to mention we just lost to Oxford who are below all of them.

Portsmouth have 2 games in hand and we'll most likely crumble down there.

 

Blackburn have already beat us at home and we'll most likely crumble last game there if pressure is on.

 

I'm not feeling very confident right now 

[CosbehFox]

Aiyawatt have you told the directors that the small club in the Midlands have become a smaller club in the Midlands. 

Edited 5 February by CosbehFox

[Stuntman_Mike]

This club though..

 

Pure drama. It doesn't stop 

 

 

[Manwell Pablo]

12 minutes ago, teblin said:

A broken watch is right twice a day.

 

if I remember correctly I was saying we’d heard it many times and the closer we get to the end of the season you are more likely to be right about the month.

 

People in the know have been saying February, six points, for god knows how long mate.

 

The over riding point I have being trying to make not just in this, we need to start listening to people who know a little bit about what's actually going on inside the club, if things like this can leak out then perhaps everything people leak out about the loans, and I can't even bothered to list everything, is true.

 

And we need to all take action yes? Manager, irrelevant, by-product, players, irelevant, by product, Nothing will get fixed at this club, nothing changes until everything changes. 

[BigGibbo]

5 minutes ago, Stuntman_Mike said:

Portsmouth have 2 games in hand and we'll most likely crumble down there.

 

Blackburn have already beat us at home and we'll most likely crumble last game there if pressure is on.

 

I'm not feeling very confident right now 

 

Yea, you're right, I missed the games in hand for Portsmouth and Charlton have 1 too.

 

It's basically a 5 way shootout between us, West Brom, Blackburn, Norwich & Oxford (that just beat us) to avoid the last 2 relegation spots. 😰🤞

 

[Trav Le Bleu]

East Mids News said that it's thought the EPL wanted to give us a 20 pt penalty, which is 2 more than Sheffield Wednesday got and we've not quite got to their levels of incompetence yet.

 

We must've really peed them off when we won the league.

[Fear Of The Fox]

Some of you take the situation way too seriously. Imo the biggest mistake of the ownership was that they didn't try to break more financial rules and harder than they did. 

A bigger violation of these stupid rules would have led to bigger success and probably to more Champions League seasons. We could have ended with 200 charges but who cares. Man City will be punished around 2077 the Cyberpunk way. Who cares. 

The club was way too passive since we won the PL. This is a fact. And don't get me started with arguments like "little Leicester". If you want to run a successful business you take risks, you fight the corruption with more corruption and if you want you relocate the business to the Metropolis of corruption (London) until Leicester Council builds an underground so the happy clappers don't have to leave the stadium in the 77min.

 

[MC Prussian]

First points deduction in the club's history.

 

Well, in a sportive sense, one season in League One was bad enough, I always thought.

 

But maybe that's exactly what we need (again). Relegation, a harsh cut, regroup and find that fighting and winning spirit again, with relatable players and a manager who actually cares and gets the best out of the squad.

Right now, we're a complete mess, on and off the pitch.

The complacency, naïveté and ignorance at this club is next level.

 

Look at what we've done with the PL title legacy. Everybody involved just took a big dump on it.

I wish Vichai was still alive. Top is fvcking clueless.

[Corky]

6 minutes ago, Trav Le Bleu said:

East Mids News said that it's thought the EPL wanted to give us a 20 pt penalty, which is 2 more than Sheffield Wednesday got and we've not quite got to their levels of incompetence yet.

 

We must've really peed them off when we won the league.

It appears they wanted 12 points deducted, not 20. 

[Twitcher]

I was expecting 12, reduced to 9 on appeal, so I'll take 6. We'd be daft to appeal.

With the players that have come in, we'll be fine.

[The boy Linacre]

Does anybody know how long we have to appeal?

They might look and see how our form is, if by some miracle they beat Brum and Soton next week.  They might just take it on the chin.