Grendel
Well-Known Member
We’d have all taken it
Leicester points deduction (5 Viewers)
- Thread starter Blind-Faith
- Start date
We’d have all taken it
We will I'm sure!
HuckerbyDublinWhelan
Well-Known Member
I think they then come under the EFL P&L thing so they’d be in the shit then. They’re better off in the prem because it kicks the problem down the road
in terms of the argument over Leicester and billionaires - I don’t see the issue, we’d be acting the same as them if the show was on the other foot
like it or not - Leicesterfox is right - organic growth doesn’t happen anymore. Only way anyone competes with the big 6 as it is - get a billionaire and find a way around the anti competitive FFP laws
messiahrobins
Well-Known Member
mate if you think anyone now trusts Leicester's PL win and Fa Cup win was achieved honestly you are deluded. This whole FFP stuff has destroyed Leicester's credibility as it has Chelsea and Man City albeit older fans didnt put much stock in what Chelsea and man City have achieved anyway.You’d have whored yourselves out to the Thais. They were the only ones wanting to take us off Mandaric at the time as we’d have fell further into the abyss.
We are lucky we got them as we won the PL without breaking any FFP but now Vichai has died, Top is clueless. At least you will beat Leeds, Southampton and Ipswich for us!
PUSB ⚽️
Football fans are very secular and tribal and tend not to see/understand the bigger picture. The Government are clearly now scrutinising football clubs and what has been going on, which is what is behind all the investigations and charges. I dont think muslim and other asian billionaires will be so keen to put their money into english clubs now.
messiahrobins
Well-Known Member
Not anymore. Government are behind these charges rest assured of that.
Next club to be fucked is Newcastle.
After basically encouraging it, bizarre like Brexit!!
StrettoBoy
Well-Known Member
It will be interesting to read the accounts when they are filed at Companies House.
At the moment they are late filing them:
HadjiChippo
Well-Known Member
22/23 numbers for Leicester
Revenue: 177M
Wages: 206M
Joke of a club, how is that allowed? 122% wage spend to revenue
Revenue: 177M
Wages: 206M
Joke of a club, how is that allowed? 122% wage spend to revenue
A month later than last year's any reason for that, get a month's grace for it?
SkyBlueSoul
Well-Known Member
£110m over what's allowed in 3 years is madness
www.bbc.co.uk
Leicester report £89.7m loss after spending charge
Leicester City report a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to more than £215m.
www.bbc.co.uk
HadjiChippo
Well-Known Member
They need several books throwing at them for this kind of breach. They should’ve been mass selling players the summer before last and still selling the summer they went down to balance the books.
Instead they were allowed to retain and add on to a premier league level squad to try and piss the championship in one season.
Instead they were allowed to retain and add on to a premier league level squad to try and piss the championship in one season.
StrettoBoy
Well-Known Member
They extended the accounting reference period so that it ended on 30th June 2023 rather than 31st May. This gave them an extra month to file the accounts for what will be a 13 month period.
chiefdave
Well-Known Member
Things need to move a lot faster. When they were in a relegation battle last year everyone was saying they'd be fucked if they went down and would have to sell everyone they could. There was even talk of their training ground being shut down with only the essential parts left running to save costs.
But they've basically done nothing, no doubt still running at a huge loss, in an attempt to get back to the promised land.
How are clubs like us supposed to compete?
Flying Fokker
Well-Known Member
Leicester report £89.7m loss after spending charge
Leicester City report a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to more than £215m.
www.bbc.co.uk
StrettoBoy
Well-Known Member
A desperate attempt to avoid relegation. That worked well didn't it?
If their breach of the rules means that they gain promotion this year then they will benefit from £millions for being in the PL next year and the parachute payments for the following seasons.
I have read that they should get a really severe penalty next season, most probably six points, which I think is little more than a slap on the wrist. Even if it results on them getting relegated at the end of next season they will probably think it's worth it.
Who said crime doesn't pay?
fernandopartridge
Well-Known Member
It's quite right that the EFL and the PL punish them, they can't deny that they distort competition in the EFL on relegation which is the whole point of the regulations.
You wot m8? The losses for the prior two years were just £125m. The covid (20/21) season losses were only £33m which isn't that bad really, the subsequent season was even bigger than last season's assuming it was £92m. Utter mismanagement and it sounds like the management has got its head in the sand in a big big way.
You wot m8? The losses for the prior two years were just £125m. The covid (20/21) season losses were only £33m which isn't that bad really, the subsequent season was even bigger than last season's assuming it was £92m. Utter mismanagement and it sounds like the management has got its head in the sand in a big big way.
Brighton Sky Blue
Well-Known Member
Our foxy friend thinks it’s part of an unfair monopoly. He is right-these rules actually just help to make the PL a closed shop
Gynnsthetonic
Well-Known Member
They could still go up while Leeds, Ipswich and Southampton who followed the rules miss out, Brighton made a £122m profit during the same period. Leicestershire also included the Madison sale which is why the accounting period was extended. They should have points docked now
lordy_87
Well-Known Member
Leicester report £89.7m loss after spending charge
Leicester City report a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to more than £215m.
COVKIDSNEVERQUIT
Well-Known Member
Leicester report £89.7m loss after spending charge
Leicester City report a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to more than £215m.
So much for having rich owner's, F**king cheating Bastards.
shepardo01
Well-Known Member
SkyBlueSoul
Well-Known Member
From The Athletic article on it. How fucking delusional can you get? Essentially "we overstretched and didn't expect to go back to being shit so quickly".
"In the accounts...the club admits it may have breached profit and sustainability rules, but believes there should be mitigation considered because of how unexpected and unique their rapid decline was. Before relegation, they had won the Premier League, the FA Cup and competed in three European campaigns."
"In the accounts...the club admits it may have breached profit and sustainability rules, but believes there should be mitigation considered because of how unexpected and unique their rapid decline was. Before relegation, they had won the Premier League, the FA Cup and competed in three European campaigns."
Frostie
Well-Known Member
It's literally "the rules that we agreed to shouldn't apply to us"
Liquid Gold
Well-Known Member
Their wages last year were the largest outside the top 6 and they still got relegated.
The reporting period was extended so that it could include the Maddison and Fofana sales and they still lost £90m.
I really hope they fuck up promotion. They could end up stuck in L1 for a bit of a reset.
Just a rancid club that have cheated at every opportunity.
The reporting period was extended so that it could include the Maddison and Fofana sales and they still lost £90m.
I really hope they fuck up promotion. They could end up stuck in L1 for a bit of a reset.
Just a rancid club that have cheated at every opportunity.
shepardo01
Well-Known Member
Even after "fire sales" the overspill (wages they "can" pay, quality of players they still have under contract etc) into this season means the advantage they have over Championship clubs would, on paper, be bigger than ever seen before I would suspect. Totally unfair.
Frostie
Well-Known Member
Yep, 100%.
Bear in mind these accounts include the £110m they received for Fofana & Maddison. They clearly have no intention of cutting their cloth either with signings like Winks, Coady, Cannon etc. they're just intent to keep on cheating.
COVKIDSNEVERQUIT
Well-Known Member
So this transfer embargo, does it mean Callum O'HARE is definitely Not going to the Festers.
Brighton Sky Blue
Well-Known Member
Put it this way, his estate agent has been diverted from Lesta to Suffolk
shepardo01
Well-Known Member
Just read a headline figure of 4 million on wages per WEEK!!!!!!
Sickening amount of money.
Scandalous that nothing can be done this season.
