Appreciate this summary, great idea!
This part is absolutely wild:
LCFC argued that it was no longer bound by the Premier League rules after its relegation on 13 June 2023.
The Appeal Board agreed with LCFC, emphasizing that liability under the PSRs could only be assessed after the completion of the club's financial year, which ended on 30 June 2023—after the club had left the Premier League.
The Appeal Board noted that LCFC’s decision to change its accounting reference date to 30 June 2023 was critical. This decision, albeit coincidental, meant the club's PSR Calculation fell after its relegation, thus placing it outside the Premier League’s jurisdiction
So basically, we managed to get out of this on the technicality that we weren't a PL club for 17 days of the 3 year accounting period...and "coincidentally" this was possible because we changed our accounting period. That is 4D chess stuff right there. DeMarco, wow.