Leicester win appeal
- Thread starter Will.NFFC
- Start date
chandos9
Vital 1st Team Regular
Guardian analyses this, and the future of the PSR rules (they don't have one) in this- did anyone know that Chelsean paid Leicester City £30M for Maresca?!!!!!!!
www.theguardian.com
Leicester could face new PSR charge with Premier League to ask for accounts
Leicester could face another points deduction battle, with the club required to submit their 2023-24 accounts by the end of the year
www.theguardian.com
Basha73
Vital Football Legend
It was reported at the time that they paid a fee. For some reason I thought it was £10m though…Guardian analyses this, and the future of the PSR rules (they don't have one) in this- did anyone know that Chelsean paid Leicester City £30M for Maresca?!!!!!!!
Leicester could face new PSR charge with Premier League to ask for accounts
Leicester could face another points deduction battle, with the club required to submit their 2023-24 accounts by the end of the year
forestfire_59
Vital 1st Team Regular
All these rules need scrapping and starting again.
If the EPL are unable to pro rata losses, then all EPL reporting periods should be on the same day. This is not just for the Leicester case, but every transaction involves 2 clubs. Theoretically a loss for one club in one financial year could be a gain for the club in a different financial year.
Making the end of the financial year to be June 30th forces a club to sell “early “ rather than for the best price. How does that help club stability.
chandos9
Vital 1st Team Regular
See Premier League v Nottingham Forest, and the "golden mitigation" of the intended sale of Brennan Johnson.........
Strett
Vital Champions League
A fantastic piece about what happened...
pebble
Vital Football Hero
I get a message that I need to subscribe to The Athletic if I want to read the article.
Pope John XXIII
Vital Football Legend
From the article. Reader mode is your friend.
Could there be any repercussions for Leicester?
There is perhaps one unforeseen consequence for the club in that they have spent most of this year knowing they were in danger of breaching the PSR limit for the 2023-24 season, too, whichever league they were in.
Chelsea, another club that loves a loophole, had appeared to have done them a solid by sending them £40million in June in compensation for taking their manager Enzo Maresca and star midfielder Kiernan Dewsbury-Hall.
It has been suggested that this solved Leicester’s 2023-24 problem but the rationale for this confidence was that the club would be sanctioned for 2022-23 which meant the EFL would only be looking at the 2023-24 financial result, as it operates a “no double jeopardy” policy for PSR breaches. But with Leicester not sanctioned, those two big losses in 2022 and 2023, of £180million-plus, come back into play.
One to keep an eye on come next spring.
Could there be any repercussions for Leicester?
There is perhaps one unforeseen consequence for the club in that they have spent most of this year knowing they were in danger of breaching the PSR limit for the 2023-24 season, too, whichever league they were in.
Chelsea, another club that loves a loophole, had appeared to have done them a solid by sending them £40million in June in compensation for taking their manager Enzo Maresca and star midfielder Kiernan Dewsbury-Hall.
It has been suggested that this solved Leicester’s 2023-24 problem but the rationale for this confidence was that the club would be sanctioned for 2022-23 which meant the EFL would only be looking at the 2023-24 financial result, as it operates a “no double jeopardy” policy for PSR breaches. But with Leicester not sanctioned, those two big losses in 2022 and 2023, of £180million-plus, come back into play.
One to keep an eye on come next spring.
paz1967
Vital Football Legend
We are doing stress testing now rather than starting it ten years ago. i suppose man citeh were early doors and they thought "omg"
paz1967
Vital Football Legend
often have to hit the stop button on your browser before that message kicks in haha
