Leicester and PSR for 23/24

[SilverFox]

Everyone's doing something

We’d never do anything like that.

Leicester City: Chairman relieves club of outstanding debts of £194m to King Power International - BBC Sport

Leicester City's chairman Aiyawatt Srivaddhanaprabha relieves the club of its outstanding debts of £194m to parent company King Power International.

www.bbc.com

 

[Feidlimid]

A points deductions is perhaps expected today, which the club would likely appeal. The club seems confident in their T argument and, from what we've been presented with, one can see why. It indicates another failure by the EPL to draft water tight, unambiguous regulations.

Now, I'm thinking out loud here. I wonder if the club leaked/disclosed the T defence (to Percy, Telegraph, Athletic - whoever) Why? Well, the club would want to avoid a 'points deductions' headline if at all possible, even if they are confident in their appeal. Such a headline wouldn't look good. The club would want to get ahead of it.

I don't know the process but perhaps the club can't appeal until the judgement is actually announced. Makes sense. So the T defence has not yet been formally made - yet.

By making it known BEFORE the judgement, the club look to head it off at the pass; avoid the headline and any further process. It would give the EPL lawyers a chance to review the case in light of the proposed appeal defence and advise their client accordingly.

Looked at from the EPL's perspective, they would want to avoid (another) public egg-on-face moment. Easier to wave the club's accounts through than argue a potentially losing argument.

 

[FryattFox]

 

[Brown Nose]

 

[pork pie fox]

Wow.

 

[M17TT C]

We're Leicester City, we'll spend what we want!


On shite.

 

[Brown Nose]

 

[pork pie fox]

The Times are reporting that no charges have been brought against us because the Premier League are still in a legal dispute with us about previous charges:

No clubs charged with PSR breaches — but Leicester City still at risk

All top-flight teams declared compliant for 2023-24 but Leicester remain in legal dispute with Premier League over spending during 2022-23

www.thetimes.com

No clubs charged with PSR breaches – but Leicester City still at risk​

All top-flight teams declared compliant for 2023-24 but Leicester remain in legal dispute with Premier League over spending during 2022-23

The Premier League has not charged any clubs for breaches of Profitability and Sustainability Rules last season however Leicester City remain at risk pending the outcome of their ongoing legal case.

The club are still involved in a legal dispute with the league over its jurisdiction relating to the 2022-23 season and that has to reach a conclusion before any new charges can be brought. Leicester won the initial case in September but the league has appealed.

All other top-flight clubs have been declared to be compliant after submitting their 2023-24 accounts before the December 31 deadline.

The Premier League said in a statement: “Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.

“Accordingly, neither the league nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related rules, save to say that no complaint has been brought against Leicester by the league for any breach of the PSRs for the period ending Season 2023-24.”

In September, Leicester won a legal challenge on the basis that the Premier League did not have jurisdiction after they had been relegated in 2023. The club said they had identified “flaws” in the Premier League rules.
Clubs can be charged by the Premier League for breaching the PSR limit of £105million in losses over three years. Everton and Nottingham Forest both had points deductions imposed last season.

A number of top-flight clubs who might have been at risk of breaching the limit were involved in a series of interlocking transfers before June 30 which enabled them to bank profits. For example Chelsea signed Omari Kellyman for £19million from Aston Villa despite the 19-year-old having made just two Premier League appearances, with Chelsea’s academy product Ian Maatsen, 22, going the other way for £37.5million.
Chelsea also sold their the women’s team to the club’s parent company on June 28, two days before the end of their financial year, for an undisclosed sum.

 

[Payne74]

Does that mean we can stop shopping in the past the sell by date aisle in Aldi and go back to M&S finest ?

 

[FryattFox]

Great news.

Hopefully we can extend Edouard's loan now. Or buy him outright.

 

[Feidlimid]

So, was the T argument a red herring? Can the EPL revisit the 2023/24 situation once the matter of jurisdiction is resolved? More questions than answers. It rumbles on but we're good for now.

 

[pork pie fox]

The Times are reporting that no charges have been brought against us because the Premier League are still in a legal dispute with us about previous charges:

No clubs charged with PSR breaches — but Leicester City still at risk

All top-flight teams declared compliant for 2023-24 but Leicester remain in legal dispute with Premier League over spending during 2022-23

www.thetimes.com

No clubs charged with PSR breaches – but Leicester City still at risk​

All top-flight teams declared compliant for 2023-24 but Leicester remain in legal dispute with Premier League over spending during 2022-23

The Premier League has not charged any clubs for breaches of Profitability and Sustainability Rules last season however Leicester City remain at risk pending the outcome of their ongoing legal case.

The club are still involved in a legal dispute with the league over its jurisdiction relating to the 2022-23 season and that has to reach a conclusion before any new charges can be brought. Leicester won the initial case in September but the league has appealed.

All other top-flight clubs have been declared to be compliant after submitting their 2023-24 accounts before the December 31 deadline.

The Premier League said in a statement: “Issues as to the jurisdiction of the Premier League over Leicester City Football Club in relation to PSR compliance are currently the subject of confidential arbitration proceedings.

“Accordingly, neither the league nor the club will make any further comment at this stage about any aspect of the club’s compliance or otherwise with any of the PSR or related rules, save to say that no complaint has been brought against Leicester by the league for any breach of the PSRs for the period ending Season 2023-24.”

In September, Leicester won a legal challenge on the basis that the Premier League did not have jurisdiction after they had been relegated in 2023. The club said they had identified “flaws” in the Premier League rules.
Clubs can be charged by the Premier League for breaching the PSR limit of £105million in losses over three years. Everton and Nottingham Forest both had points deductions imposed last season.

A number of top-flight clubs who might have been at risk of breaching the limit were involved in a series of interlocking transfers before June 30 which enabled them to bank profits. For example Chelsea signed Omari Kellyman for £19million from Aston Villa despite the 19-year-old having made just two Premier League appearances, with Chelsea’s academy product Ian Maatsen, 22, going the other way for £37.5million.
Chelsea also sold their the women’s team to the club’s parent company on June 28, two days before the end of their financial year, for an undisclosed sum.

Having said that, the BBC are reporting that all clubs were deemed financially compliant?

Premier League clubs avoid 2023-24 PSR charges

All Premier League clubs are deemed financially compliant for the 2023-24 season.

www.bbc.co.uk

 

[City Fan]

Rudkin in

 

[Brown Nose]

Basically, we've kicked the can down the road once again.

The PL and FL are going to get us eventually. Even if they get us for overspending on lawyers.

 

[Graz]

Basically, we've kicked the can down the road once again.

The PL and FL are going to get us eventually. Even if they get us for overspending on lawyers.

They'll get us down the Al Capone route.

We'll eventually get done for something like overspending on urgent courier fees as Rudkin tries to avoid another embarrassing 14 second incident.

 

[Graz]

We're Leicester City, we'll spend what we want!


On shite.

Maybe they're letting us off as they realise our spending clearly isn't benefiting us!

 

[pork pie fox]

Maybe they're letting us off as they realise our spending clearly isn't benefiting us!

In fairness, it's probably more of a punishment that way.

 

[Feidlimid]

I'm going to be like the annoying MS Word grammar checker and suggest a rephrase. Though I'll suggest passive voice...

the can has been kicked down the road

...the club hasn't done it, merely facilitated it. Or in other cliché, we live to fight another day.

 

[homer]

**** you and your shitty rules written by a five year old

****ing wankers

Now let’s spend, spend, spend

 

[jb5000]

The Times are reporting that no charges have been brought against us because the Premier League are still in a legal dispute with us about previous charges:

No clubs charged with PSR breaches — but Leicester City still at risk

All top-flight teams declared compliant for 2023-24 but Leicester remain in legal dispute with Premier League over spending during 2022-23

www.thetimes.com

Surely if this is the case and the EPL are confident that they've got us this time, they could just drop the appeal to an already failed charge and do us good and proper in the here and now. That suggests to me that they're not likely to actually win either way, though the affect on our transfers that they keep trying could be bad news in itself.