Leicester and PSR for 23/24

[Brown Nose]

**** me. Right, I’ve just watched that, in the interest of seeing what was said. What’s the point on having an “expert” on there, if Jordan is just going to interrupt him all the time, only to be told continuously that he’s wrong?

It's like watching cf and pop LIVE.

 

[glyn]

I wish we’d had five signings lined up to announce today just to get people even angrier.

 

[lazzy]

Panel of people who know **** all somehow manage to string out 30 mins of "content" - amazing, good work and all whilst being paid handsomly.

 

[Feidlimid]

I read somewhere that as PSR is a 3 year rolling calc and that 3rd year (would that be T2 or T3??) drops off with each new cycle, we will have a little bit more room to spend in next year since our T2 was high spend. Got to get there tho and so we have to be careful. I do honestly believe we are trying to play the game.

 

[SilverFox]

I read somewhere that as PSR is a 3 year rolling calc and that 3rd year (would that be T2 or T3??) drops off with each new cycle, we will have a little bit more room to spend in next year since our T2 was high spend. Got to get there tho and so we have to be careful. I do honestly believe we are trying to play the game.

Oh yes we definitely are. We’ve had a long way to fall and we haven’t taken the piss. We have legitimately scraped the barrel and sold good player to try to comply. It does make me cross though when we spend 25m on someone not up to scratch. That said I think skip is a 5 year contract so for accounting purposes the transfer fee is 5m per year over the next 5 years which isn’t horrendous. It does mean though that if we wanted to sell quickly we’d have to get close to what we paid to avoid a loss on the books. No one would pay 25m for him.

 

[Robin127]

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

The BBC also reported this: "In a joint statement on Tuesday, Leicester and the Premier League said the matter remains "the subject of confidential arbitration proceedings".

 

[SilverFox]

The BBC also reported this: "In a joint statement on Tuesday, Leicester and the Premier League said the matter remains "the subject of confidential arbitration proceedings".

That they (the premier league) have almost zero chance of successfully appealing.

 

[pork pie fox]

The BBC also reported this: "In a joint statement on Tuesday, Leicester and the Premier League said the matter remains "the subject of confidential arbitration proceedings".

Yes I saw that, I guess I was looking at the difference between saying we weren’t charged because there is still a process being carried out and saying that “all clubs were deemed financially compliant”, which implies that the arbitration proceedings have no bearing on our passing this, as opposed to it being consequential.

 

[fitz]

**** me. Right, I’ve just watched that, in the interest of seeing what was said. What’s the point on having an “expert” on there, if Jordan is just going to interrupt him all the time, only to be told continuously that he’s wrong?

Talksport presenters are just there to read out the latest odds from various bookies and talk shit for twitter engagement for the 5 seconds an hour that arent adverts. It wasn't great in it's good old days.....it's just unbearable shite now.

 

[Joe_Fox]

One feels that the EPL had a meeting that went a bit like this:

EPL Goon 1: "****! We can't go for Leicester because of that damn clever jurisdication loophole thing that we missed out in our own governance rules"

EPL Goon 2: "Well we could, but we'd lose again, and I think our faces are covered in enough egg to feed a small island nation state for several years"

EPL Goon 3: "Alright, well let's leave them, them. Let's just penalise Everton, Man U, Chelsea and Newcastle, then"

EPL Goon 1: "Probably best not to, imagine how much uproar there would be that we docked them points but not Leicester"

EPL Goon 2: "Oooooh those sneaky little foxes have done it again!"

EPL Goon 3: "We'd better keep this quiet fellow goons, I think I saw Wolf from Infinity Rocket Plastics knocking about earlier so we could be being listened too"

EPL Goon 1, 2 and 3 (whispering): "Who's turn is it to be the biscuit?"

 

[Blue Maniac]

EPL Goon 2: "Well we could, but we'd lose again, and I think our faces are covered in enough egg to feed a small island nation state for several years"

****in American Samoa again

 

[Joe_Fox]

****in American Samoa again

Glad you picked up on that one. No flies on you BM.

 

[big_mac4824]

What people outside of our club have failed to see (probably because they can't be bothered) is that we sold and removed a huge chunk of our players when we were relegated and Stefan Borson is correct that would have meant that we were significantly inside PSR.

Another point is that the sale of Maddison, Castagne, and others would have been factored in the further the Premiere League went back. The EFL were informed by Leicester City when we submitted our projected costs that we would likely fail and they told us we had to sell players by January to not breach PSR.

We took the risk as a club that we would promote and avoid EFL sanctions, that proved to be a shrewd move imo. My question is this, does this now free up more funds for RvN and most probably every other club in the Premiere League?

The announcement by the Prem League regarding this would suggest they have bitten the bullet in order to introduce better governance and rules regarding PSR in the future most likely to start next season.

https://www.transfermarkt.co.uk/leicester-city/alletransfers/verein/1003

Interestingly when you look at our transfer IN/OUT history it is remarkable how much we got wrong and we normally ran a deficit each season, of course this is purely on players bought and sold and does not take into account Winning the Prem, Champs League and the Euro cup.

The BR era shows some really detrimental acquisitions imo.

 

[Feidlimid]

The BR era shows some really detrimental acquisitions imo.

Hindsight is a wonderful thing and there obviously were upsides but, yes, I think viewed purely through the PSR/FFP lens, that period would be seen as what did for us. We tried to jump the gap and missed.

 

[Blaarev]

Another bank loan

Leicester City get financial boost for potential January transfer push

The club have taken out a loan with Australian bank Macquarie ahead of the final couple of weeks in the January transfer window, with more signings still needed in relegation fight

www.leicestermercury.co.uk

 

[Feidlimid]

We don't know what it will be used for. We assume the tranfer kitty, or to assist cash flow, or whatever

What I don't get is why we're taking such loans when we have a supposed money bags owner. Are we not allowed to borrow from Top/KP? Have we reached the limit on that source?

 

[homer]

We don't know what it will be used for. We assume the tranfer kitty, or to assist cash flow, or whatever

Royalties for the new pre match .music playlist that the Foxes Trust are working on for your improved in-bowl experience

 

[M17TT C]

I've heard they are using it to bring back Cousin Dennis.

 

[SJN-Fox]

What’s the point in borrowing money when we can barely spend anyway thanks to PSR. We must be pretty near the limit as to how much more we can spend after spaffing away a shitload in the summer.

 

[Feidlimid]

I've heard they are using it to bring back Cousin Dennis.

At right back. I could go for that.