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

[foxinsocks]

Just now, kyleolly said:

Have you had a few celebratory sherrys

Hic!

[VLC86]

We got relegated on purpose. All hail Danny Ward.

[Nolucklcfc]

So no points deduction? 

[Matt]

Quote

The Premier League is surprised and disappointed by the Independent Appeal Board's decision to uphold an appeal lodged by Leicester City FC regarding the League's jurisdiction over the club's alleged breach of its Profitability and Sustainability Rules (PSRs) when the club was a member of the Premier League.

 

Premier League statement

[Dan LCFC]

The decisions we're on the end of this season are going to make Wolves fans red faced.

[djskydiver]

Get Rudkin a statue already. How has he blagged that!

[Ian Nacho]

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

 

[Bilo]

This may genuinely keep us up. 

[nnfox]

4 minutes ago, RedSoxUK said:

They're going to come after us.

 

This isn't the end.

100%

 

We're done for!

[whoareyaaa]

[ramboacdc]

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.

[StanSP]

Hahahahaha this is gonna piss off so many other clubs and moreso their fans. 

 

Like how some fans still go on about us avoiding losing points after going into admin early 00s.

 

Suck on that, PL. 

 

Nick De Marco needs knighting.

 

Board at LCFC still need to do one. 

[Worcester Fox]

Hopefully we can kick on now - it is good to get a positive at last.

Edited 3 September by Worcester Fox

[Matt]

How can the Premier League come out and say they are surprised and disappointed?

 

Do they actually want to find us guilty?

 

They'll try and pin us down (And other "lesser" clubs) whilst turning a blind eye to others.

 

Edited 3 September by Matt

[Tommy G]

Top lawyered up 

[LcFc_Smiv]

4 minutes ago, phoneticerror said:

Hoorah, I understood something correctly for once 😂😂

No, as always seemingly I was wrong 😂

[FrankieADZ]

can we please have some other fans reactions in here as well please

[Bilo]

A pity this didn't come out a fortnight ago, as I'm sure we wouldn't have had the problems with recruitment that we had when we had a points deduction hanging over us.

[Claridge]

12 minutes ago, Trekerz said:

Basically means board has been pulled out of the shit they got us into because of some technicalities 

or they have played a blinder and knew what they were doing

[Bert]

Maybe it was all a plan to get relegated, knowing we’d breach but get away with it on a technicality, having a season on loan in the championship to avoid it all. 

[StanSP]

Just now, Matt said:

How can the Premier League come out and say they are surprised and disappointed?

 

Do they actually want to find us guilty?

Seems like it. 

 

On a cynical mindset, this is going to play out over the seasons with some horror decisions go against us. 

[Nalis]

There's got to be some gold out there from other fan forums already about how this is the 2nd biggest thing we got away with since we drugged our way to the premier league title.....

[urban.spaceman]

"You come at the King Power, you'd better not miss"

[Bert]

But this also probably means David Coote every week 

[Zear0]

Nick won more points that the team so far then.