Our system detected that your browser is blocking advertisements on our site. Please help support FoxesTalk by disabling any kind of ad blocker while browsing this site. Thank you.
Jump to content
 Share
moore_94

Premier League cannot take action against the club for exceeding the relevant PSR threshold

By moore_94, in Leicester City Forum

Recommended Posts

Cadno'r Cymoedd

Cadno'r Cymoedd

Posted
Posted
1 minute ago, Jakemoore said:

All jokes aside…..I have battered the club lately. I think we all have and it’s been deserved. We did technically breach the PSR rules and by a hell of a lot. Had Maddison scored that penalty against Everton we wouldn’t have gone down and then we’d have been in the shit last season with a huge deduction. The club messed up big time. They shouldn’t sail away from this without their critics. 

 

But credit where it’s due…they went out and employed the right Lawyers for the job and exploited the horrendously flawed loophole in the Premier League’s PSR rules. 
 

I wonder if Everton and Forest will appeal for some sort of compensation. Not sure they can but just a thought.

Did they get relegated? No. 

  • Like 2
Link to comment
Share on other sites
st albans fox

st albans fox

Posted
Posted

I dont understand why the movement of our accounting date to end June is relevant 

all clubs have to report their psr numbers for the twelve month period july 1 to June 30. That’s why clubs need to do deals before end June. 
 

as far as I recall, we moved from end may to end June to bring our accounting period into line with this and also because it tallied with the date when player contracts ended.  It just makes the auditors job a lot easier. (And cheaper for the club) 

  • Like 1
Link to comment
Share on other sites
  • Popular Post
CloudFox

CloudFox

Posted
  • Popular Post
Posted
1 hour ago, ramboacdc said:

For those who don't want to read a 22 page doc, here is GPT summarisation. I bet that FY rule gets changed soon:

 

Summary: Leicester City Football Club (LCFC) successfully appealed against a decision by a Premier League Disciplinary Commission that found the club breached the Premier League’s Profitability and Sustainability Rules (PSRs) for the 2022/2023 season. The Appeal Board, consisting of three senior legal figures, overturned the Commission's decision on the basis that LCFC was not bound by the relevant Premier League rules after its relegation to the English Football League (EFL) on 13 June 2023.

Key Points:

  1. Background of the Case:

    • The Premier League accused LCFC of breaching the PSRs due to losses exceeding the upper loss threshold of £105 million for the 2022/2023 season.
    • LCFC contested the jurisdiction of the Commission to rule on the matter after the club's relegation from the Premier League.

  2. Jurisdictional Challenge:

    • 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.

  3. Commission’s Original Decision:

    • The Disciplinary Commission had ruled that LCFC remained bound by the Premier League rules for the 2022/2023 season, even after relegation, to ensure fairness and prevent clubs from avoiding penalties by being relegated.

  4. Appeal Board’s Decision:

    • The Appeal Board found that the Premier League’s rules did not apply to LCFC after its relegation. The PSR Calculation for FY23 could only be performed after the end of the club’s financial year (30 June 2023), by which time LCFC was no longer a Premier League member.
    • The Board concluded that LCFC did not breach Rule E.49 of the PSRs as it was not a "Club" under the Premier League rules at the time the breach could have occurred.

  5. Importance of the Accounting Reference Date:

    • 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.

  6. Final Outcome:

    • The Appeal Board reversed the Disciplinary Commission's finding of jurisdiction, concluding that LCFC was not in breach of the PSRs as the rules did not apply to them post-relegation.

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.

  • Like 2
  • Thanks 1
  • Haha 2
Link to comment
Share on other sites
Claridge

Claridge

Posted
Posted
1 hour ago, Trekerz said:

Hahahaaha yeah they cheated the rules 3 years ago because they knew a lawyer was going to find a technicality to not punish them. Also, our argument wouldn’t even be valid had we not got relegated so you’re saying their plan was to go down? 

Well I was joking, but you never know👀

Link to comment
Share on other sites
phoneticerror

phoneticerror

Posted
Posted
15 minutes ago, fazzyfox said:

The PL have announced our revised fixture list for December:-

 

25th 20:00 Newcastle (A) ref Coote

26th 12:30 Southampton (A) ref Coote

27th 12:30 Liverpool (A) ref Coote

27th 15:00 Brighton (A) ref that one from Roma 

28th 12:00 Man City (H) ref Coote

29th 12:00 Man City (A) ref Coote

30th 12:00 Man City (A) BONUS MATCH! ref Coote

Hahaha brilliant. In all seriousness, we’re going to see some SHOCKING use of VAR this season now.

Link to comment
Share on other sites
  • Popular Post
Tuna

Tuna

Posted
  • Popular Post
Posted
4 minutes ago, FosseSpark said:

with all due respect. **** the premier league and its hooky, bent rules. 2 can play at that game. stop nicking shoplifters and go after the real bad guys.

Parklife

  • Haha 5
Link to comment
Share on other sites
TheGoldenGod

TheGoldenGod

Posted
Posted

Kieran McGuire just on SSN basically saying the poor wording of the draft of PSR was exploited. All fair game and it's unlikely the PL will appeal the decision unless massive pressure is piled on by clubs in threat of getting relegated this season but they've not got any leg to stand on as it's the crappy wording of their own rules we've exploited!

  • Thanks 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...