Leicester City and PSR – Everything you need to know on EFL dispute, player sales, and what next

[Guest Chocolate Teapot]

34 minutes ago, StanSP said:

PSR loss cap increasing to £135m.

A season or every 3?

[wardyfox86]

1 hour ago, TheGoldenGod said:

Didn't expect it to go down well but IF we were to get 15 point sanction for arguments sake, they'd have buried us before we've even started. Futile even trying, has to be a way to protest against PSR, its nonsense!

It's a rule we knew existed, and still broke. Why would we protest a sanction that the club themselves brought about? Doesn't matter whether it's ridiculous or not.

 

Plenty of other clubs abided by the rules and remained in the PL, we only have ourselves to blame.

[TheGoldenGod]

2 minutes ago, wardyfox86 said:

It's a rule we knew existed, and still broke. Why would we protest a sanction that the club themselves brought about? Doesn't matter whether it's ridiculous or not.

 

Plenty of other clubs abided by the rules and remained in the PL, we only have ourselves to blame.

You're missing the point I'm making. Hypothetically if we got hit with an unprecedented sanction, why should we just lie down and take it? No equality about it.

[Happy Fox]

If we sell Hermansen and KDH for a combined fee of £60m does that help our cause?

[John rayner]

5 minutes ago, Happy Fox said:

If we sell Hermansen and KDH for a combined fee of £60m does that help our cause?

Yes it can help  but unfortunately football is corrupt so who knows 

[moore_94]

 

[Viva]

15 hours ago, OldBob said:

The clubs set up was slowly being chipped away since Pearson left. We were lucky we still had good recruitment for many years (apart from the 2016 summer). Can’t blame the club for going for it in the market and on wages when the top four was in reaching distance. In my opinion the notion we were successful in the league under Rodgers, is complete rubbish. That was the time the top four (fourth position) was at its weakest and we bottled it twice. Club would have gone on strength to strength had we secured a finish in there

Chelsea finished one point ahead of us in the league in 2021 and won the Champions League that season. Man City also made the Champions League final. Man Utd in 2nd only lost on penalties in the Europa League final and Liverpool had won the league with 99 points the season before. 
To say the top four was at its weakest is just incorrect. It’s stronger than now. So for us to be so close to breaking into that on two occasions was still a very good achievement, alongside an FA Cup win. 

[stu]

Finally been removed from the EFL embargo list... 

 

 

https://www.efl.com/governance/embargoes/

[Babylon]

1 minute ago, stu said:

Finally been removed from the EFL embargo list... 

 

 

https://www.efl.com/governance/embargoes/

Announce Vardy.

[FoxinNotts]

4 minutes ago, Babylon said:

Announce Vardy.

Surely it's now time to Announce Vardy, Vestergaard and Fatawu

 

We need some positive news.

 

Time to crack on with it Leicester FFS!!!

[purpleronnie]

Chelsea, Newcastle, Aston Villa, Everton, Nottm Forest and Leicester must all sell players by June 30 to avoid PSR breaches | Football News | Sky Sports

 

Leicester: Dewsbury-Hall reluctant to move on

Leicester's situation is one of the most complicated of all, with a PSR charge already hanging over them that could result in a points deduction next season.

They are also currently under a transfer registration embargo, although they have challenged it legally. Regardless, they are also under pressure to sell a player before June 30 to make sure they avoid another potential PSR rule breach.

Their clear candidate for sale is Kiernan Dewsbury-Hall, who was very influential in the now-departed Enzo Maresca's promotion team. Brighton, Brentford and Fulham have all been interested in Dewsbury-Hall but he is thought to be reluctant to leave Leicester unless it is for one of the very big teams in the Premier League or abroad.

Wingers Stephy Mavididi and Issahaku Fatawu also stood out in Leicester's team and have been watched by a raft of top clubs, while right-back James Justin also has admirers.

Centre-backs Wout Faes and Harry Souttar could also attract interest but not at the high fee that Leicester need.

'Leicester may need a rabbit out of the hat'

Football finance expert Kieran Maguire:

"Leicester already appear to have a problem in relation to their PSR position for the three years ended 30 June 2023.

"Leicester generated income in the summer 2023 market through the sale of Harvey Barnes and James Maddison and others, with other players leaving at the end of their contracts, which is a positive.

"The club lost £181m in the two seasons ending in 22/23 and will have had to pay promotion bonuses following promotion back to the Premier League.

"Leicester will also have the issue of their PSR maximum loss being reduced from £105m to £83m as they have just spent a season in the EFL.

"All of the above means that, unless Leicester’s accountants and lawyers can pull a rabbit out of the hat, they are at risk of breaching the rules unless profits are generated from player or other asset sales."

[Babylon]

2 hours ago, FoxinNotts said:

Surely it's now time to Announce Vardy, Vestergaard and Fatawu

 

We need some positive news.

 

Time to crack on with it Leicester FFS!!!

Fatawu wont happen until after June 30th when the new PSR calculation kicks in IMO.

[Chrysalis]

On 05/06/2024 at 08:37, turlo said:

the stadium & training ground both appear on the clubs balance sheets as tangible assets with a note that there is a hire purchase agreement in place between the club & KP for the stadium - does that mean the club owns them?

 

pages 48 & 49

 

https://resources.lcfc.com/leicesterfc/document/2024/04/02/3ce38931-9e1f-4734-8202-e5ef7b9507b0/LCFC-FY23-accounts.pdf

Yeah thanks for this, my thoughts are similar to yours, it looks like there is a ongoing process that will have the club potentially own the stadium eventually, and it seems they already own Seagrave from this statement as well, just my interpretation of course.

[Chrysalis]

6 hours ago, moore_94 said:

 

Idiots, I would say 135m was easily too low as well, that increase doesnt even cover inflation.  Just waiting for the FFP pyramid scheme to collapse now anyway.

[OldBob]

6 hours ago, Viva said:

Chelsea finished one point ahead of us in the league in 2021 and won the Champions League that season. Man City also made the Champions League final. Man Utd in 2nd only lost on penalties in the Europa League final and Liverpool had won the league with 99 points the season before. 
To say the top four was at its weakest is just incorrect. It’s stronger than now. So for us to be so close to breaking into that on two occasions was still a very good achievement, alongside an FA Cup win. 

The fourth spot… obviously not better than Liverpool or Man City. 
Chelsea had a bang average manager with a transfer embargo. 
Untied had the milky bar kid as their manager, with a team that blew hot and cold every week for the most part. No balance to their team and McFred in midfield… they were very very lucky to get second place. They were never near a title race.

Our team was way more solid and balanced than both those teams at the time.

 

We were in the top four up until the last few weeks. As soon as any bit of pressure came on us, we bottled it both times. The manager talks a good game about character, but we had none it in the crunch times. We embodied Rodgers personality. Which would eventually cost us in his final season with us. 

The FA cup was a one off. The leagues where you’re judged. It’s your bread and butter! 

[Genesis1]

I'm sure it's floating around somewhere but how much do we need to raise before June 30th? Does the Maresca money count towards this?

[FrankieADZ]

i know i posted this in the other thread but we might as well take advantage

[Viva]

1 hour ago, OldBob said:

The fourth spot… obviously not better than Liverpool or Man City. 
Chelsea had a bang average manager with a transfer embargo. 
Untied had the milky bar kid as their manager, with a team that blew hot and cold every week for the most part. No balance to their team and McFred in midfield… they were very very lucky to get second place. They were never near a title race.

Our team was way more solid and balanced than both those teams at the time.

 

We were in the top four up until the last few weeks. As soon as any bit of pressure came on us, we bottled it both times. The manager talks a good game about character, but we had none it in the crunch times. We embodied Rodgers personality. Which would eventually cost us in his final season with us. 

The FA cup was a one off. The leagues where you’re judged. It’s your bread and butter! 

We were 10th favourites to win the league in 2019-20 and still only 8th favourites in 2020-21 after coming 5th the season before. We overachieved coming 5th in both seasons. You might not like to admit it, but we were successful under Rodgers during this period. It still hurt chucking away the top 4 finishes though. 

[Chrysalis]

32 minutes ago, FrankieADZ said:

i know i posted this in the other thread but we might as well take advantage

Curious which way we voted on it.

 

We should definitely sell Seagrave to KP, would be a far better decision than selling KDH who wont be pushing to move away, but does the board have that football brain to work it out?

Edited 6 June by Chrysalis

[HankMarvin]

8 hours ago, purpleronnie said:

Chelsea, Newcastle, Aston Villa, Everton, Nottm Forest and Leicester must all sell players by June 30 to avoid PSR breaches | Football News | Sky Sports

 

Leicester: Dewsbury-Hall reluctant to move on

Leicester's situation is one of the most complicated of all, with a PSR charge already hanging over them that could result in a points deduction next season.

They are also currently under a transfer registration embargo, although they have challenged it legally. Regardless, they are also under pressure to sell a player before June 30 to make sure they avoid another potential PSR rule breach.

Their clear candidate for sale is Kiernan Dewsbury-Hall, who was very influential in the now-departed Enzo Maresca's promotion team. Brighton, Brentford and Fulham have all been interested in Dewsbury-Hall but he is thought to be reluctant to leave Leicester unless it is for one of the very big teams in the Premier League or abroad.

Wingers Stephy Mavididi and Issahaku Fatawu also stood out in Leicester's team and have been watched by a raft of top clubs, while right-back James Justin also has admirers.

Centre-backs Wout Faes and Harry Souttar could also attract interest but not at the high fee that Leicester need.

'Leicester may need a rabbit out of the hat'

Football finance expert Kieran Maguire:

"Leicester already appear to have a problem in relation to their PSR position for the three years ended 30 June 2023.

"Leicester generated income in the summer 2023 market through the sale of Harvey Barnes and James Maddison and others, with other players leaving at the end of their contracts, which is a positive.

"The club lost £181m in the two seasons ending in 22/23 and will have had to pay promotion bonuses following promotion back to the Premier League.

"Leicester will also have the issue of their PSR maximum loss being reduced from £105m to £83m as they have just spent a season in the EFL.

"All of the above means that, unless Leicester’s accountants and lawyers can pull a rabbit out of the hat, they are at risk of breaching the rules unless profits are generated from player or other asset sales."

Maddison was accounted for on the 22/23 accounts as there was an extra month year end from May to June.
So it’s not really relevant when talking about this years accounts and what we need to do.

[Tom12345]

Given the stance Man City is taking, it may be that the PL will need to deal with them first before being legitimately ready to deal with us. We may be able to ride on Man City’s case.

[Tom12345]

If we really want to have a sustainable football league, instead of having rules to try to govern how clubs like to run their businesses (or whether owners can lose however much money they like), they should really consider American style salary cap arrangements. It is really the runaway transfer fees and salaries that are not just keeping away smaller clubs from competing but also ruining the finances for everyone as the clubs go down a downward spiral of trying to outbid each other for top players. 

[Pliskin]

7 hours ago, Chrysalis said:

Curious which way we voted on it.

 

We should definitely sell Seagrave to KP, would be a far better decision than selling KDH who wont be pushing to move away, but does the board have that football brain to work it out?

I was thinking this, surely KP have sister companies that could “buy” our stadium and training ground?

[RyCleary]

How have we not started selling assets to ourselves if it’s been within the rules the last few years? Makes no sense 

[davieG]

Selling assets doesn't solve the underlying problems it may be a short term solution but we still need to sort out who, and how the club is run as you eventually run out of assets to sell.

 

Selling the training ground may be a case of a sledgehammer to crack a nut.