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

[phoneticerror]

1 minute ago, southfox66 said:

Well would you believe it little old Leicester took on the big boys and won hahahaha 😂 🤣 😆 🤣 😆 🤣, game on, let's get this party started and focus on staying up without fear of points deductions.

5000/1 odds that 😉

[st albans fox]

Just now, Tielemans63 said:

So being relegated when we did totally saved us, correct? 

No

if we’d stayed up then we’d have sold barnes before end June along with madders. 
then we’d have met psr to end June 23

 

Last season would have indeed been a struggle in the PL but we’d have had the income to recruit and try to stay up 

 

[lcfc81]

1 minute ago, Tielemans63 said:

So being relegated when we did totally saved us, correct? 

If we had stayed up we would have had a points deduction but the Premier league income etc. 

As we got relegated we managed to avoid the points deduction. 

[lcfc81]

Just now, st albans fox said:

No

if we’d stayed up then we’d have sold barnes before end June along with madders. 
then we’d have met psr to end June 23

 

Last season would have indeed been a struggle in the PL but we’d have had the income to recruit and try to stay up 

 

I was too slow!  Clearly my age! 😅

[John rayner]

Just now, phoneticerror said:

5000/1 odds that 😉

About time that justice has been done 

Up yours PL

[Wymsey]

It has been quite a mad couple of weeks with ex-manager/player deaths to now this..

[urban.spaceman]

9 minutes ago, Matt said:

 

They've exposed themselves as incompetent AND corrupt in just this case. They're a ****ing humiliation.

[VG Fox]

1 hour ago, Ian Nacho said:

So our arguement to the EFL was that we were a Premier League team for most of that period and our arguement to the Premier League was we were a Championship team for some of that period and it worked

 

genius😂😂

[foxfanazer]

Most hated club in England, you made us sing that woah woah woah 

[FoxinNotts]

1 minute ago, Wymsey said:

It has been quite a mad couple of weeks with ex-manager/player deaths to now this..

Never a dull moment with our club

[SemperEadem]

Remember when football was just about the sport. What a ****ing turn off all this is.

[foxile5]

First relegation six pointer well and truly tucked away.

[Death by Football]

12 minutes ago, Matt said:

 

Said with a straight face somehow. This is the last thing PSR is intended to do. 

[FoxesTez]

7 minutes ago, st albans fox said:

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) 

It’s because our shareholding in the PL was transferred to Luton in mid-June. The PSR calculation cannot take place until 30 June, at which point we were not a PL club. 

[Spudulike]

2 minutes ago, lcfc81 said:

If we had stayed up we would have had a points deduction but the Premier league income etc. 

As we got relegated we managed to avoid the points deduction. 

But we only got relegated because Everton's points deduction was applied the next season and not the one where it occurred. What a Premier League cock-up 

[1972 Fox]

1 hour ago, Leicesterpool said:

Riots in Nottingham and the blue side of Everton of this news... must some friends in high places

Is there another coloured side of Everton? 

[OntarioFox]

11 minutes ago, CloudFox said:

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.

A few on here called it at the time. And it would appear it was exactly what it looked like.

 

We're guilty as sin on the face of it, but we have played an absolute blinder by bending the rules in our favour. Someone in the board room is blasting Baggy Trousers full volume right now. 

 

Edited 3 September by OntarioFox

[grobyfox1990]

Hahaha wow, this club loves breaking and bending a rule and getting away with it. 

[Out Foxed]

**** the prem woooh

[1972 Fox]

1 hour ago, Raj said:

Matthew Phillip's.

Did he join us after retiring as a player at West Brom?

 

Edited 3 September by 1972 Fox

[Jobyfox]

Can you imagine if we actually get away with this?

 

1. Went into administration - rules were  subsequently changed to stop clubs doing this without a points deduction 

 

2. Got promoted, but overspent - EFL couldn’t touch us in a different league so we paid a fine instead

 

3. We avoid an EFL investigation again and a transfer embargo by getting promoted - talk of changing the rules to ensure rules apply in EFL and EPL 

 

4. Possible PSR get out of free card on a technicality … 

 

… I’m loving it! 

Edited 3 September by Jobyfox

[MPH]

So are we a well run club again 

[UniFox21]

This is a hilarious suggestion at the end. The Prem could appeal the decision if other clubs expected to do as shit as us pressured them.

 

 

 

[OntarioFox]

3 minutes ago, UniFox21 said:

This is a hilarious suggestion at the end. The Prem could appeal the decision if other clubs expected to do as shit as us pressured them.

 

 

 

Got a lot of salty Forest and Everton fans on the various xitter threads about it already, they are rather rattled by the realisation that if they're found in breach this season we've effectively just been given a 6 to 8 point bonus that they couldn't possibly argue for themselves. 

Edited 3 September by OntarioFox

[GorlestonFox]

2 hours ago, ramboacdc said:

albeit coincidental

😂