Foxes96 Posted 22 March Share Posted 22 March (edited) 48 minutes ago, moore_94 said: It rolls over So we are currently being looked at for 20/21, 21/22, 22/23 Then the next period we would be 21/22, 22/23, 23/24 So if you do REALLY bad in one or two of those years and don’t correct it in another, you will essentially get done in multiple seasons like Everton are Exactly this. And in our case 21/ 22 we lost £92.5m overall (will be less for PSR calculations due to allowable deductibles. But will still be a huge figure). Where we signed Soumaré, Vestergaard and Daka and didn’t sell anyone for significant amount. So every three year period that includes that one, as per the two highlighted above, we are going to really struggle to fall under the £105m threshold. (Will be even less for next year due to 23/24 being in the Championship). Including the current three year period up to last year, 22/23, Which includes massive sales of Fofana and Maddison. Edited 22 March by Foxes96 To clarify £92.5m headline loss, not PSR loss Link to comment Share on other sites More sharing options...
Popular Post urban.spaceman Posted 22 March Popular Post Share Posted 22 March 8 hours ago, Foxes_Trust said: We are currently monitoring all the statements being made from all parties, not only in our case but PSR breaches at other clubs (such as the Everton FAB statement today) We had some dialogue with the club following the EFL statement and will have further dialogue very soon, however given the legal nature of the current scenario, we have to be very careful in our approach, on the one hand questioning/challenging the club, but at the same time not stating anything publicly which could harm our clubs position. I appreciate this. But you need to be on top of the whole conversation. The club are culpable for a lot of things, yes, but it is also absolutely clear, as I have repeatedly articulated, that the club has been trying to operate within corrupt system that is now directly targeting us. We’re being told we gained an unfair advantage in a season we deliberately weakened our squad to try and comply with PSR, which led to our relegation. By league that has no jurisdiction over us. And in a league that literally admitted a fortnight ago that they acted outside of their jurisdiction in trying to pursue us. You need to be putting across the argument that the Premier League and EFL’s actions are corrupt, and are directly harming the football club, its fans and the wider Leicester/Leicestershire community. That their actions in punishing our ambition, which we were achieving fairly, have cost local economy multiple millions in potential earnings through our regular European football and stadium campus expansion. 9 Link to comment Share on other sites More sharing options...
UniFox21 Posted 22 March Share Posted 22 March 7 minutes ago, StanSP said: Chelsea do really bad, no punishment. Man City could fvck up one season, no punishment forthcoming. It's crazy how quickly PL have struck against Everton, Forest and now ourselves. I fully agree with what you're getting at, but it's important to remember the whole reason the Prem are getting their shit together is this impending independent regulator. They're pouncing on the low lying fruit to prove as much as possible they can keep things in check. Both cases are inherently more complex than Forest and Evertons. Ours is likely to drag on as well with how grey the rulings our 2 Link to comment Share on other sites More sharing options...
MonkeyTennis? Posted 22 March Share Posted 22 March It does feel like the club is being run in an unbelievably complacent 'Ah, it'll probably be OK' fashion. Spending and keeping our fingers crossed that we don't breach seems like (yet another) profound organisational failure. BUT it also feels like the PL (and EFL, it seems), have actively encouraged this kind of approach for years, and have only really started cracking down since the threat of a regulator became real. And even then only on one aspect of their rules, when the reality is that the PL and the majority of clubs have been mismanaged in all sorts of ways for ages. If they actually applied the FFP rules, sponsorship rules, transfer rules, fit and proper ownership rules, etc, the majority of clubs would be in trouble. 2 Link to comment Share on other sites More sharing options...
Popular Post Noahfence Posted 22 March Popular Post Share Posted 22 March We need to win League 2 to complete the set so throw the book at us 1 4 Link to comment Share on other sites More sharing options...
Popular Post ClaphamFox Posted 22 March Author Popular Post Share Posted 22 March 10 minutes ago, Foxes96 said: Exactly this. And in our case 21/ 22 we lost £92.5m. Where we signed Soumaré, Vestergaard and Daka and didn’t sell anyone for significant amount. So every three year period that includes that one, as per the two highlighted above, we are going to really struggle to fall under the £105m threshold. (Will be even less for next year due to 23/24 being in the Championship). Including the current three year period up to last year, 22/23, Which includes massive sales of Fofana and Maddison. It's worth pointing out for the sake of clarity that the £92.5m loss was our headline financial loss, not our PSR loss for that season. Our PSR loss for 2021/22 will have been less than £92.5m but still very high so your point still stands, but mentioning a headline accounting loss in the same sentence as referring to the £105m loss allowed under PSR is potentially misleading. If the PSR system continues, next season will mark the first three-year period in which we won't have the millstone of 2021/22 around our necks. But in truth this is probably academic as I don't expect the PSR system to be retained beyond this season. 5 Link to comment Share on other sites More sharing options...
LCFCJohn Posted 22 March Share Posted 22 March 11 minutes ago, MonkeyTennis? said: It does feel like the club is being run in an unbelievably complacent 'Ah, it'll probably be OK' fashion. Spending and keeping our fingers crossed that we don't breach seems like (yet another) profound organisational failure. BUT it also feels like the PL (and EFL, it seems), have actively encouraged this kind of approach for years, and have only really started cracking down since the threat of a regulator became real. And even then only on one aspect of their rules, when the reality is that the PL and the majority of clubs have been mismanaged in all sorts of ways for ages. If they actually applied the FFP rules, sponsorship rules, transfer rules, fit and proper ownership rules, etc, the majority of clubs would be in trouble. Exactly it. Forget previous ‘club mottos’ like ‘Foxes Never Quit’ and ‘Fearless’. The attitude summed up by the club leadership and large sections of our fans is ‘We’ll be Fine’! Link to comment Share on other sites More sharing options...
fox_up_north Posted 22 March Share Posted 22 March 32 minutes ago, Foxdiamond said: Bit fed up with some of the comments on BBC website from people harping on about the 2002 situation which they accuse Leicester of cheating then when no rules were broken and as if going into administration was a tactic the club cheerfully entered into. I've had it from salty Spurs fans. It is absolutely right and fair to state our situation caused the rules to be brought in. But the ITV Digital deal helped no one and was a massive headache. It's fine. I'll just look in the trophy cabinet. 1 Link to comment Share on other sites More sharing options...
UniFox21 Posted 22 March Share Posted 22 March You basically decide if you're going to comply and massively struggle. Or compete, fail PSR and get a point deduction 3 Link to comment Share on other sites More sharing options...
Foxes96 Posted 22 March Share Posted 22 March 7 minutes ago, ClaphamFox said: It's worth pointing out for the sake of clarity that the £92.5m loss was our headline financial loss, not our PSR loss for that season. Our PSR loss for 2021/22 will have been less than £92.5m but still very high so your point still stands, but mentioning a headline accounting loss in the same sentence as referring to the £105m loss allowed under PSR is potentially misleading. If the PSR system continues, next season will mark the first three-year period in which we won't have the millstone of 2021/22 around our necks. But in truth this is probably academic as I don't expect the PSR system to be retained beyond this season. Yes very true, will edit my post as that could be misleading. As you say still likely to represent a huge loss after allowable deductibles, which will make it very challenging for us to be compliant for the three year rolling period ending 2023 and again ending 2024. Link to comment Share on other sites More sharing options...
ALC Fox Posted 22 March Share Posted 22 March 46 minutes ago, moore_94 said: It rolls over So we are currently being looked at for 20/21, 21/22, 22/23 Then the next period we would be 21/22, 22/23, 23/24 So if you do REALLY bad in one or two of those years and don’t correct it in another, you will essentially get done in multiple seasons like Everton are Seems especially harsh if you manage to get within the £35m per year average but one year screws you for multiple 'periods'. Link to comment Share on other sites More sharing options...
st albans fox Posted 22 March Share Posted 22 March 1 hour ago, coolhandfox said: Not strictly true, the current ownership have already admitted a number of dodgy business deals that were made under the previous ownership that allowed them to meet PSR. With those stripped away they have a lot of historical breaches. Yes but that’s a separate enquiry which doesn’t fall under the same season rules that psr does. They haven’t breached psr - yet Link to comment Share on other sites More sharing options...
Bert Posted 22 March Share Posted 22 March 36 minutes ago, StanSP said: And this is even more reason to bemoan the setting of the rules and how it influences uncompetitiveness across the league. Chelsea do really bad, no punishment. Man City could fvck up one season, no punishment forthcoming. It's crazy how quickly PL have struck against Everton, Forest and now ourselves. The faint but promising silver lining out of all of this is that slowly more and more fans are coming round to how shite the PL and PSR rules are, and cottoning on to the fact they're skewed heavily in favour of favoured clubs within the PL. Not just Leicester fans either now just because we've been punished. Several fans of other clubs now realise you can't be competitive for a long time for PL's fear of their precious closed group of clubs being threatened in their quest for success. But a smaller club dare for success? God forbid! It's ironic how fans of Man City and Liverpool and Arsenal etc bemoan potential corruption on the pitch as a decision goes against them. They're the ones that are deadly quiet around this time when it comes to corruption off the pitch... Chelsea were handed a transfer embargo werent they? 1 Link to comment Share on other sites More sharing options...
st albans fox Posted 22 March Share Posted 22 March I assumed we had a decent defence re legal loopholes etc Reading that it could be that ‘we’re upset that the rules stifle ambition’ is a little concerning ……. Link to comment Share on other sites More sharing options...
The Doctor Posted 22 March Share Posted 22 March 39 minutes ago, Nalis said: Its got to the stage where I kind of hope Newcastle loop hole the shit out any spending they do to dominate in order to make a mockery out of FFP nah. Throw the book at newcastle and villa, make it clear that this is about "you're not allowed to upset the precious big six babies" and nothing else. Like if Newcastle get pinged for it with their whole being owned by a sovreign wealth fund then it's clearly not about protecting the financial future of clubs. Link to comment Share on other sites More sharing options...
urban.spaceman Posted 22 March Share Posted 22 March 40 minutes ago, Nalis said: Its got to the stage where I kind of hope Newcastle loop hole the shit out any spending they do to dominate in order to make a mockery out of FFP I’m kind of hoping, if they deduct us points for gaining a sporting advantage in a season we were relegated, that we just say **** IT this summer and spend £300m on players. Take the gloves off, start competing like Man City and Chelsea. Let’s just ****ing cheat. 1 Link to comment Share on other sites More sharing options...
Vazman Posted 22 March Share Posted 22 March PSR for me is going to, if not already start, to ruin the PL, Its going to get to the stage where it really wont be worth attending matches against the super rich 6, because clubs who get hamstrung by PSR, will never be able to compete, what's the point in tipping up spending all that money, just to watch your, can only afford this team, get smashed, by billion pound teams week in, week out, home and away, who never seem to be on the wrong side of PSR, or if they are they dont care, and no one seems to do anything, whilst the Leicesters, Forests, Evertons and likely many more, will be hounded with points deductions, player sales, etc etc, crazy times and its unfolding right in front of us. Link to comment Share on other sites More sharing options...
RonnieTodger Posted 22 March Share Posted 22 March 15 minutes ago, Bert said: Chelsea were handed a transfer embargo werent they? I believe that was from UEFA. The funniest bit was that they were still allowed to buy Kovacic because they had him on loan the season before. Link to comment Share on other sites More sharing options...
st albans fox Posted 22 March Share Posted 22 March Just now, Bert said: Chelsea were handed a transfer embargo werent they? I think that was for signing kids from abroad ??? Link to comment Share on other sites More sharing options...
Trav Le Bleu Posted 22 March Share Posted 22 March When everyone gets docked 4-6 pts, what is the point? (Pun most definitely intended.) 1 Link to comment Share on other sites More sharing options...
cjslcfc Posted 22 March Share Posted 22 March (edited) 40 minutes ago, UniFox21 said: You basically decide if you're going to comply and massively struggle. Or compete, fail PSR and get a point deduction Or do what we did and do both. Try to comply, get relegated, fail PSR and get a future point deduction. Edited 22 March by cjslcfc Link to comment Share on other sites More sharing options...
Shit_arse Posted 22 March Share Posted 22 March Putting aside us mismanaging the situation with contracts, managers, and general finances - the main issue for me with PSR is it seems the only way to navigate through it is to sell your best talent, and ideally 'homegrown' talent. Forced sale of teams best players, and future stars that will ultimately go to the top 6 is plainly unfair. Crazy that all clubs have voted for this without seeing this scenario play out. 1 Link to comment Share on other sites More sharing options...
Matt Posted 22 March Share Posted 22 March (edited) Edited 22 March by Matt Link to comment Share on other sites More sharing options...
westernpark Posted 22 March Share Posted 22 March 1 hour ago, UniFox21 said: Interesting article again from Percy. Once again reiterating that we aren't poor and King Power has money to spend, but they aren't allowed to. Why though did we take out the loans against future payments? 2 Link to comment Share on other sites More sharing options...
RonnieTodger Posted 22 March Share Posted 22 March Bloody Everton and Forest cheating to send us down. Sue them for every penny!!! ———————————— Bloody corrupt Premier League and greedy 6! Trying to get us because we won the league! Link to comment Share on other sites More sharing options...
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