Leicester face questions about FFP

[SilverFox]

Ianaa, but yes, it looks like the whole of the fee counts immediately as far as ffp is concerned when you sell a player.


So, would this, in theory, be correct...

If you wanted to get out of an current ffp problem (potentially only putting it off for a few years), you could sell your star player for £50 million and have that included in this year's income. Then immediately buy him back for the same fee, but put him the accounts at £10 million a year for five years...

Which is the insanity Chelsea have engaged in to the tune of a billion.

 

[fitz]

It's why I'm less quick to turn of the likes of Soumare

Agree with everything other than this. I'm sure a lot of us have made fools of ourselves for free. He's earned enough from his spell here to be set for life if he's sensible. Good luck to the lad as him, his agent and anyone at our club who benefited have played a blinder. All less suss than Bertrand though....that feels like legal action from fans would be possible in a fair society.

 

[give_us_a_wave]

This whole situation gives me Mickey Adams promotion season vibes. & we all know what followed that.

The main difference is that season we never really looked like NOT going up, whereas this time we seem to be doing our level best to chuck it away in a Newcastle under Keegan fashion. So we could get the complete collapse but without the promotion first. ****ing great.

Oh well. In better news, I've had several drinks so am slightly less worried than an hour ago...

 

[Miles Away]

This whole situation gives me Mickey Adams promotion season vibes. & we all know what followed that.

The main difference is that season we never really looked like NOT going up, whereas this time we seem to be doing our level best to chuck it away in a Newcastle under Keegan fashion. So we could get the complete collapse but without the promotion first. ****ing great.

Oh well. In better news, I've had several drinks so am slightly less worried than an hour ago...

****s sake change your underpants man.

 

[The Old Fox]

In some ways, we might be better off NOT getting promotion. If we're going to be required to sell players and sign none, next season will be like Sheffield United's current effort. At least in the Championship, we'll win a few games playing the youngsters...

 

[lazzer]

So Forests 4pt deduction was lower than Evertons due to mitigating factors. Lets hope we have lots of excuses (although im not sure incompetence counts) .

 

[give_us_a_wave]

****s sake change your underpants man.

Waiting til May. Just in case.

 

[give_us_a_wave]

In some ways, we might be better off NOT getting promotion. If we're going to be required to sell players and sign none, next season will be like Sheffield United's current effort. At least in the Championship, we'll win a few games playing the youngsters...

Or potentially end up in L1 again. Swings & roundabouts.

 

[fox58]

Conor Coady
Former England and current Leicester City defender on the Monday Night Club

From a player's point of view, it's so tough being in the dressing room and you're reading things about it could be this day or it could be that day, especially when it's a tough season anyway and you're struggling to pick up points.

At any point you could be docked four, six, 10 points or whatever it is. It's so tough mentally, you have to keep your mind focused as a footballer but to do it is tough.

All the teams that are involved, not just the ones that are being punished, to not know what is going on at this stage of the season is just crazy.

 

[Brown Nose]

Conor Coady
Former England and current Leicester City defender on the Monday Night Club

From a player's point of view, it's so tough being in the dressing room and you're reading things about it could be this day or it could be that day, especially when it's a tough season anyway and you're struggling to pick up points.

At any point you could be docked four, six, 10 points or whatever it is. It's so tough mentally, you have to keep your mind focused as a footballer but to do it is tough.

All the teams that are involved, not just the ones that are being punished, to not know what is going on at this stage of the season is just crazy.

He was talking about Forest and Everton. Not us.

 

[big_mac4824]

the Guardian is trying to play devil's advocate with the EFL stance. When we promote the EFL do not apply, we will more than likely start the new season on -6 points.
Bottom line is that the board have created this mess and it is the clubs doing, 6 points is not insurmountable.
We must return to recruiting players and taking calculated risk I.e. Mahrez,Vardy etc. if this means we pocket the money on promotion and yo yo, so be it.

 

[Lako42]

We need to start by ****ing off the incompetent imposter who created this mess.

 

[Volpone]

In some ways, we might be better off NOT getting promotion. If we're going to be required to sell players and sign none, next season will be like Sheffield United's current effort. At least in the Championship, we'll win a few games playing the youngsters...

.....and get relegated to division one.

 

[big_mac4824]

 

[jb5000]

In some ways, we might be better off NOT getting promotion. If we're going to be required to sell players and sign none, next season will be like Sheffield United's current effort. At least in the Championship, we'll win a few games playing the youngsters...

Have you been following what's been happening at Reading? They lost a playoff final to Huddersfield which would have seen go straight back up and now look likely to lose everything. Pretty sure it'll be the same for us if we don't go up this season, only faster

 

[Brown Nose]

Have you been following what's been happening at Reading? They lost a playoff final to Huddersfield which would have seen go straight back up and now look likely to lose everything. Pretty sure it'll be the same for us if we don't go up this season, only faster

I think the point some of us are making is that if we get £100m income, we'll just spend £150m. Does Vestergaard want another 3 years on £80k a week, why not?

Yes, we're in a real mess financially right now. Yes, failing to get promoted will massively exacerbate that. But whatever happens, we'll find a way to mess it up.

The clowns are still there.

 

[big_mac4824]

More context regarding Chelsea and Man City

 

[pork pie fox]

More context regarding Chelsea and Man City

He’s pretty quick to talk about other clubs, but predictably, for somebody who has previously done some work for Man City, he seems incredibly defensive about them

 

[Miles Away]

 

[Brown Nose]

The Premier League has today referred Leicester City FC to an independent Commission for an alleged breach of Profitability and Sustainability Rules (PSRs) and for failing to submit their audited financial accounts to the League.

The alleged breach relates to the assessment period ending Season 2022/23, when the club was a member of the Premier League.

Leicester City were relegated to the EFL Championship prior to the introduction of the Premier League’s new Standard Directions, which prescribe a timeline within which PSR cases should be heard. Therefore, the proceedings will be conducted in accordance with a timetable to be set by the independent Commission, and its final decision will be published on the Premier League’s website.

Notes​

Profitability and Sustainability Rules (see Premier League Handbook Section E)
- All Premier League clubs are assessed for their compliance with the Profitability and Sustainability Rules (PSRs) each year.
- Compliance is assessed by reference to the club’s PSR Calculation, which is the aggregate of its Adjusted Earnings Before Tax for the relevant assessment period.
- A club’s Adjusted Earnings Before Tax figure for each season takes account of its profit or loss after depreciation and interest, but before tax, and then applies a series of "add backs" 
- These "add backs" are costs that the Premier League and its clubs recognise to be in the general interest of the club and football, for example investment in infrastructure, community, women’s football, youth development and depreciation of tangible fixed assets Exceptionally, in relation to years 2019/20, 2020/21 and 2021/22 COVID-19 costs were also permitted to be included as "add backs".
- Ordinarily, a club’s PSR Calculation is the aggregate of its Adjusted Earnings Before Tax over a three-year period. Following amendments made to the PSRs during COVID-19, the relevant figures for Seasons 2019/20 and 2020/21 are now averaged. In the present case, therefore, the relevant period includes Seasons 2022/2023, 2021/2022, and the average Adjusted Earnings Before Tax for Seasons 2020/2021 and 2019/20.
- A club will be in breach of the PSRs if its PSR Calculation over the relevant period results in a loss in excess of £105 million (with that threshold reduced by £22 million for each season that a club has been in the Championship during the relevant period).
- At the 2023 Annual General Meeting (AGM), Clubs agreed to bring forward the date for the submission of audited Annual Accounts for Clubs forecasting a loss to 31 December (in accordance to Rule E.50.2).
- Clubs agreed to introduce Standard Directions for PSR cases (Appendix 1 to the Rules) that seek to ensure such cases are resolved in the same season the complaint is issued, with any sanction handed down prior to the subsequent Annual General Meeting. (Appendix 1 page 535).
- Leicester City were relegated to the EFL Championship before the Premier League’s new Standard Directions, which prescribe a timeline within which PSR cases should be heard, came into force. Therefore, the proceedings will be conducted in accordance with a timetable to be set by the independent Commission.

Premier League investigations and independent Commissions 
- The Premier League Board has the power to investigate any suspected or alleged breach of Premier League Rules 
- There are a number of options available to the Board where it suspects or alleges a breach of the Rules. For PSR cases, the matter will be handed to an independent Commission to determine whether there is a breach and, if so, what the sanction should be.
- The League has access to an independent Judicial Panel, comprising a number of legal, financial and other experts. Members of the Judicial Panel are appointed, in accordance with Premier League Rules W.19, W.20 and W.26, by its independent Chair, Murray Rosen KC, an experienced barrister. It is the Chair who selects members of the Judicial Panel to sit on Commissions, which are independent of the Premier League and its clubs.
- All proceedings before an independent Commission are confidential and heard in private. This includes the date and location which can’t be announced in advance.
- There are a range of sanctions available to the independent Commission which include fines, points deductions and other sporting sanctions .
- Under Premier League Rule W.82.2, at the conclusion of proceedings, an independent Commission’s final decision will be made public via the Premier League’s website .
- A party to the proceedings which wishes to challenge a decision of the Commission may to do so under Section W of the Premier League Rules.
- The Appeal Board is also appointed by Mr Murray Rosen KC and must have three members, one of whom should have held judicial office, and would sit as the chair of the Appeal Board.
- The proceedings of the Appeal Board are also confidential and heard in private.
- The Appeal Board has wide discretion in respect of the appeal, and may allow it, dismiss it, or make any order that it deems fit (including varying the order of Commission).
- For further information on the disciplinary process, please see Section W of the Premier League Handbook.