6 point deduction - confirmed

[Claudio Fannieri]

6 hours ago, Product of 84 said:

I hate modern football.

 

Relegation shouldn't become a panic that you'll fail financial rules, potentially go out of business and face administration and lose your youth for next to nothing. The cost is simply far to high. And shouldn't the rules protect clubs from this happening. 

 

That said, I don't properly understand it all and I don't think many fans (or 'experts') truly do. Again another thing I hate about the modern game. 

 

And finally, I'm fed up with talking about PSR and finances. I want to talk about the actual football (even tho we are rubbish at that too at the moment). 

 

I'm getting less and less interested in football as a result. 

If we go bust it isn’t because of PSR it’s because we have been run into the ground by people who think paying over 100% of our revenue in wages and losing circa £200m in 3 years was sound business …..

[Chrysalis]

3 hours ago, Manwell Pablo said:

 

Wont argue with that but that's a wider question isn't it. 

 

Our very Leicester City based problem is to do with Leicester City and it's ability to run a tight ship. 

I think we all agree on that.

[Manwell Pablo]

35 minutes ago, kenny said:

I'm one of those odd people that believes that the club can be mismanaged and that the premier League is a corrupt mess, mismanaged by football institutions. It wants to be a 'sporting type' product not a sport.

 

2 thoughts in one person isn't that odd even on a Leicester forum.

 

I don't wish to campaign on anything to do with football. It's an entertainment medium that is making itself less entertaining IMO. I would wholeheartedly support a European Super League as it would be the easiest way to get our national sport back.

 

Your club is dying and it wont take any part in anything unless it is managed properly. That's the point, bigger points about the way football is run are a distant priority. Especially with this administration. 

 

People can claim morality over rules when it comes to the footballing bodies,  but when we are fans of a club is involved with a company that points gambling consumers at risk and doesn't respect the needs of it's working class staff members it's quite easy to lose any empathy for them in that regard when it comes to the big boys getting away with things and Leicester City not, the big boys who run our club probably had a stress free Christmas on big salaries knowing full well our staff didn't get their wages when they expected them at next to no notice. That is where all sympathy dies. 

[Foxdiamond]

33 minutes ago, Long Eaton Fox said:

Ok who did we sign 14 seconds late?

Silva

[Foxdiamond]

14 minutes ago, Manwell Pablo said:

 

Your club is dying and it wont take any part in anything unless it is managed properly. That's the point, bigger points about the way football is run are a distant priority. Especially with this administration. 

 

People can claim morality over rules when it comes to the footballing bodies,  but when we are fans of a club is involved with a company that points gambling consumers at risk and doesn't respect the needs of it's working class staff members it's quite easy to lose any empathy for them in that regard when it comes to the big boys getting away with things and Leicester City not, the big boys who run our club probably had a stress free Christmas on big salaries knowing full well our staff didn't get their wages when they expected them at next to no notice. That is where all sympathy dies. 

Good points. I suspect quite a few of the staff jobs will go if we drop.

[kenny]

17 minutes ago, Manwell Pablo said:

 

Your club is dying and it wont take any part in anything unless it is managed properly. That's the point, bigger points about the way football is run are a distant priority. Especially with this administration. 

 

People can claim morality over rules when it comes to the footballing bodies,  but when we are fans of a club is involved with a company that points gambling consumers at risk and doesn't respect the needs of it's working class staff members it's quite easy to lose any empathy for them in that regard when it comes to the big boys getting away with things and Leicester City not, the big boys who run our club probably had a stress free Christmas on big salaries knowing full well our staff didn't get their wages when they expected them at next to no notice. That is where all sympathy dies. 

All true. I'm not fussed by sympathy or empathy for the club. 

 

I would rather we didn't take part in the 'sporting type' entertainment product of the premier League in it's current form. I'm happy to leave that to those that enjoy adverts and foam hands at sporting events.

[SheppyFox]

We’re not going to go bust 😂 there’ll always be a buyer for LCFC even if the halfwits in charge fold.

[Sky Blues]

8 minutes ago, SheppyFox said:

We’re not going to go bust 😂 there’ll always be a buyer for LCFC even if the halfwits in charge fold.

A long listen but for those that don't understand the situation it will be a real eye opener. To me this is why the appeal has been put in because the options are running out.

[Manwell Pablo]

1 hour ago, kenny said:

All true. I'm not fussed by sympathy or empathy for the club. 

 

I would rather we didn't take part in the 'sporting type' entertainment product of the premier League in it's current form. I'm happy to leave that to those that enjoy adverts and foam hands at sporting events.

 

I am normally far more invested in Non League than I am in Leicester in general terms these days and have been as I have invested more time there in several guises.

 

However I do view the club as a kind of start of it all, somewhere my family took me as a child, somewhere I went home and away with in my early 20's before I got back into playing myself on a Saturday and, most importantly a gateway into football football for the entire county of Leicestershire for kids from Ashby to Oakham and everywhere in between. If it has to operate within the frameworks of a "Sporting Type Entertainment" product to achieve that then that is the way it has to be, I can't fight that, I can't even convince enough people that getting rid of Top and Rudkin is a good idea so I've got no chance on restructuring the English game. I do have far more chance of doing what's right for Leicester City and Leicestershire football and so I'm sticking to that for now. 

[kenny]

8 minutes ago, Manwell Pablo said:

 

I am normally far more invested in Non League than I am in Leicester in general terms these days and have been as I have invested more time there in several guises.

 

However I do view the club as a kind of start of it all, somewhere my family took me as a child, somewhere I went home and away with in my early 20's before I got back into playing myself on a Saturday and, most importantly a gateway into football football for the entire county of Leicestershire for kids from Ashby to Oakham and everywhere in between. If it has to operate within the frameworks of a "Sporting Type Entertainment" product to achieve that then that is the way it has to be, I can't fight that, I can't even convince enough people that getting rid of Top and Rudkin is a good idea so I've got no chance on restructuring the English game. I do have far more chance of doing what's right for Leicester City and Leicestershire football and so I'm sticking to that for now. 

The English game is restructuring itself. I think the interest in it has peaked and Nd it's on the way down. The PL has trashed it's own product.

 

Bring on the super league.

[LCFCCKEANO]

Just going to throw out there that I haven’t been massively concerned throughout this whole ordeal, now I am. I don’t mind our appeal but I do feel that we wouldn’t have done so if the prem had left it be, and if they haven’t, there will be a reason for them to have not.  We all love to characterise them as these petty illogical nuisances but realistically if they have appealed there will be grounds for an appeal, and in our current position and financial position I really don’t think we survive relegation and don’t see how this doesn’t end up as bad or worse than it already is, and I am not ready to kiss this club goodbye

[Fox forever]

4 hours ago, 1963 said:

Can some explain how Man City have been found guilty and no punishment has been handed out. 

Because they haven’t been found guilty. They were charged have had their hearing and we await IC verdict 

[Product of 84]

42 minutes ago, Claudio Fannieri said:

If we go bust it isn’t because of PSR it’s because we have been run into the ground by people who think paying over 100% of our revenue in wages and losing circa £200m in 3 years was sound business …..

You are right. But you've missed my point.

 

As I said I'm fed up with talking about football governance and financial rules- I don't understand it well enough to make any reasoned contribution. I don't think anyone else truly does either. 

 

I mean where do you go for a reasoned opinion? Who can turn what we are experiencing into an understandable narrative that isn't a lot of conjecture or passionate dribble?

 

The media perhaps? My opinion is our media is simply headline grabbing, sound bite making, viral hopefuls that are enjoying a story at our expense. It's dribble designed to stir emotional responses and is very rarely correct or has substance based on real facts or understanding. 

 

The club? Don't get me started on the lack of communication from the club itself. Or the mistakes made with communication. Or the mistakes full stop. 

 

The authorities? I think it's fair to say they have very little credibility due to the fact that we were relegated from the Premier League due to a team that had broken the rules. And what about a decision on Man City? Or perhaps they'd like to adapt the wording of rules to prevent hotels being sold (Chelsea) and then pursue them for it. But perhaps they are fair and the above is just passionate nonsense from LCFC eyes.

 

Or on here? All I read on here is pages of baiting to weed out who is King Power in so they can be shouted at until they submit. Every response is turned into the arguement that King Power needs to go. 

 

And they probably do.

 

For one reason alone. So we can get back to talking about the actual football. 

 

Then you realise that you've wasted another 30 mins of your life on the very subject you are fed up with. And that's my only point. I'm fed up with the debate around this. It's the fourth season in a row. 

 

I used to debate tackles and offside calls, whether the ball was over the line and how much of a clot such and such is. Simple things in comparison to this debate. 

[funkyrobot]

3 hours ago, Sky Blues said:

It isn't the rules that have got you in trouble. It's not following the rules that have put you in serious financial trouble. You would be in at least the same trouble if the rules didn't exist. 

 

 

Where is all of your evidence coming from that backs this up mate? PSR rules have been a clear contributing factor to the clubs failure irrespective of how clueless the owner has been. PSR has made it worse. PSR has had a negative impact on most clubs’ ability to have any long term competitiveness outside of the big 6.Your comment reads like it’s written by a fan of a rival club hoping that the very worst happens and enjoying a bit of shithousery with Leicester fans in the process! 🤣

[cruzFOX]

Bugger me we really are teetering on the edge of the abyss. I really fear this appeal may back fire on us and we get docked even more points. I hope nothing comes of it.

rowett has mission impossible to sort this team out am get the club going in an upward direction. Why oh why is there so much drama at our club. I swear we must have the most stress as a fan base leading to poor physical and mental health! 
 

[funkyrobot]

12 minutes ago, Fox forever said:

Because they haven’t been found guilty. They were charged have had their hearing and we await IC verdict 

They could’ve split the decisions down rather than waiting until

all 115 were heard. The odds that they are not guilty on ALL charges has to be very low based on the number of charges they face. The prem league appear to have no issues tackling other clubs one incident at a time. 

[Jattdogg]

Well, another won't know until appeals conclude.

 

If anything positive comes out of this it's either that KP sells us to an owner with sound financial sense OR they learn how to govern accordingly and stop the mismanagement.

 

I'd like to hope they learned some valuable lessons and turn back to the basics. I have little faith that Top will be able to do that so seems unlikely.

 

Troubling times ahead but I still hope we avoid relegation by some miracle. 

[Sky Blues]

8 hours ago, UniFox21 said:

I disagree on that last point; we have tried to push past our means, trying to push on too quickly. Which left us where we are, compounded by the financial restrictions the rules put on anyone below the top 6 really. 

Top doesn't have the money to continue the total mismanagement at your club. He hasn't had it for about the last 5 or 6 years. 

[Sky Blues]

5 hours ago, funkyrobot said:

Where is all of your evidence coming from that backs this up mate? PSR rules have been a clear contributing factor to the clubs failure irrespective of how clueless the owner has been. PSR has made it worse. PSR has had a negative impact on most clubs’ ability to have any long term competitiveness outside of the big 6.Your comment reads like it’s written by a fan of a rival club hoping that the very worst happens and enjoying a bit of shithousery with Leicester fans in the process! 🤣

Have you watched the video I put up? The person in it took over Sunderland in League One when they were in financial trouble and theirs was nowhere near as bad as yours.

 

Your overspend every year was massive. Covid brought an end to the money source that was constantly wasted. The rules were supposed to stop this from happening. 

 

I'll explain myself again. My club fell from the Prem to League 2. We had financial difficulties from our attempt to try and stay in the Prem. This was just before the big money came in and no parachute payments. We ended up having a hedge fund ruining our club just in the search of getting our ground for free. It took 29 years to turn our club around. I don't want any other supporters going through what we did, especially your club that half of my family support. I go to some of your games with family members when we're not playing. 

 

We got to know the football rules very well.. but it wasn't the playing side of the game. 

[Sky Blues]

5 hours ago, cruzFOX said:

Bugger me we really are teetering on the edge of the abyss. I really fear this appeal may back fire on us and we get docked even more points. I hope nothing comes of it.

rowett has mission impossible to sort this team out am get the club going in an upward direction. Why oh why is there so much drama at our club. I swear we must have the most stress as a fan base leading to poor physical and mental health! 
 

I feel your pain. Ours went on so long that it's difficult to pinpoint our lowest point. Maybe when we were taken to Northampton for our home games and refused to go into the ground. Supporters fighting with each other. Those who went in were called scabs. But it was a good view from a hill outside the ground where you could see about half of the pitch 😁

[The Year Of The Fox]

5 hours ago, funkyrobot said:

Where is all of your evidence coming from that backs this up mate? PSR rules have been a clear contributing factor to the clubs failure irrespective of how clueless the owner has been. PSR has made it worse. PSR has had a negative impact on most clubs’ ability to have any long term competitiveness outside of the big 6.Your comment reads like it’s written by a fan of a rival club hoping that the very worst happens and enjoying a bit of shithousery with Leicester fans in the process! 🤣

If PSR wasn’t a thing then our club would be even further in the shit 

[LCFCJohn]

I have been very critical of the club, and that remains the case. But thinking more, this is really poor from the PL.

 

Going after us again now just has no purpose. We are in a perilous position and are best hope is to scrape survival in this league and probably a similar story for the coming years. We have seen the stuff circulating about what will happen if we go down. The PL are basically trying to make that happen and therefore push us towards administration and out of business.

 

Yet these ‘rules’ are supposed to be to keep that from happening to clubs? Evidence if it was ever needed that it is not about that. Mostly about protecting the big clubs and given we are no longer a threat, the only reason for them to be still going after us is vindictiveness. 
 

Which circling back to the club, maybe had we cooperated with the processes (and you could cooperate whilst still challenging) we would not be in this position now.

[Sly]

1 hour ago, Sky Blues said:

Top doesn't have the money to continue the total mismanagement at your club. He hasn't had it for about the last 5 or 6 years. 

We are owned by King Power in reality.

 

We’ll know the financial situation with them at the end of April when they release the accounts in Thailand.

 

The reality most likely is that King Power are in healthier shape as tourism in Thailand is returning to a more stable level, hitting somewhere in the 36m in 2024. The impact of less people from China will have been felt as last year is estimated to have fallen for the first time since Covid to around 33m. 
 

King Power wobbled during 2019 - 2022 as they had less than 18m visitors over a 3 year period.

 

When your income is impacted so significantly, all

investments will suffer. However they weren’t short on money and still hold a large property portfolio and assets outside King Power itself that sit within other businesses. 
 

In reality lots of talk about Seagrave being unsustainable, the club could sell it to the property management business that also own the stadium and then rent it back at a loss. It’s all just creative accounting. To King Power, Seagrave was always bigger than just being about Leicester City. 

 

The challenge is being compliant with the rules of both the Premier and English Football League. Whilst other clubs have been more creative around how they’ve done it, we’ve blatantly overspent, not filled accounts on time etc. 

 

I’m not quite sure how you defend it. The appeal can only be on how inconsistent the reduction in points setting is determined, as a president precedent has been set with others, which makes ours look a tad harsh. 
 

I find it bonkers though that we are now spending as much time discussing the financial rules of how to operate a football club and what we can and can’t do. I think what I find somewhat annoying is that if we’d really thrown money at this 10

years earlier, we could be a financial powerhouse.
 

The Premier League isn’t a level playing field. Our growth has really coincided with the the financial

rules tightening. 
 

The real question remains on what is the strategy of the club. Does it want to pursue glories and be a Premier League club, or in reality, are we now moving to a model whereby Seagrave generates talent due to its Tier 1 academy status, which we then look to sell? 
 

If the academy ever gets downgraded, due to failed audits. I’d suggest that is when we are really in trouble. 

[Gamble92]

10 hours ago, Claudio Fannieri said:

If we go bust it isn’t because of PSR it’s because we have been run into the ground by people who think paying over 100% of our revenue in wages and losing circa £200m in 3 years was sound business …..

The amount of seconds chances they have had as well. 

 

Even promotion under Enzo after the most embarrassing of relegations. Still a chance to fix things. 

 

Even this season, the amount of academy players that you could look to to build a team around was unprecedented. 

 

So many chances, and I just hope we haven't ran out of our last one.

[st albans fox]

7 hours ago, funkyrobot said:

Where is all of your evidence coming from that backs this up mate? PSR rules have been a clear contributing factor to the clubs failure irrespective of how clueless the owner has been. PSR has made it worse. PSR has had a negative impact on most clubs’ ability to have any long term competitiveness outside of the big 6.Your comment reads like it’s written by a fan of a rival club hoping that the very worst happens and enjoying a bit of shithousery with Leicester fans in the process! 🤣

Other clubs have fallen foul of psr whilst in the PL (like villa and Newcastle ) but they’ve found a creative way of traversing the problem. (Eg selling academy products to each other at inflated values).  The fact that our board were incapable of finding a way of kicking the psr can down the road is why we’re here.  our solution was to stop trading and hope the manager could keep the ship afloat in the higher reaches of the league.  naive and ultimately pretty much suicidal.