Leicester 'could face points deduction next season'

I can't imagine anyone would be particularly surprised, given the way the bridge of the ship appeared to have been abandoned over the past couple of seasons.
The sooner these regs are scrapped the better IMHO – all they do is give licence to the BCCs to grow bigger and cuntier every year, relative to the rest. I'm no fan of say Newcastle, but it's always amusing to see half of the BCCs fretting about getting caught up by a new, insurgent ABBC (aspiring BBC).
 
How do our rivals even know our financial position?

I’m not saying we didn’t sail close to the wind or even breached the rules but the way we conducted ourselves over a few years in succession makes me think we’ve done all we can.

I can’t speak for this season I have literally no idea how we might fare.

I’ve not read the article mind.
 
What a farce. They’re not even sure if the Premier League or the EFL should be looking at it. And the amount of time they take to do it.
 
How do our rivals even know our financial position?

I’m not saying we didn’t sail close to the wind or even breached the rules but the way we conducted ourselves over a few years in succession makes me think we’ve done all we can.

I can’t speak for this season I have literally no idea how we might fare.

I’ve not read the article mind.
Well it must be true because it’s in the Stun🙄
 
How do our rivals even know our financial position?

I’m not saying we didn’t sail close to the wind or even breached the rules but the way we conducted ourselves over a few years in succession makes me think we’ve done all we can.

I can’t speak for this season I have literally no idea how we might fare.

I’ve not read the article mind.
Not signing Sensi for £3m may have indicated that things were tight.

Man U couldn't sign a striker due to the new rules, very few teams signed the players they wanted, when the BCC can't sign then it'll only be a matter of time before there's a change to the rules.
 
Not signing Sensi for £3m may have indicated that things were tight.

Man U couldn't sign a striker due to the new rules, very few teams signed the players they wanted, when the BCC can't sign then it'll only be a matter of time before there's a change to the rules.
But you can bet it will be after they’ve hammered little Leicester
 
It’s crackers. 105m losses across 3 years but only 35m a year.
No, it averages at 35m a year (they are just dividing 105 by 3). You are allowed to make losses of £15m a year without having to worry about anything or provide any more info to prove you ain't going bust. (*edit: In the PL, figures reduce in the EFL).
 
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It varies but most commonly we report our financial end of year results first week of March so we should find out the scores on the doors for last season very soon. Not that it will help that much given that, with the exception of things like depreciation, clubs don't usually include specific details of allowable deductions in their financial results that get filed with companies house as they are football rules not accounting ones.
 
Not signing Sensi for £3m may have indicated that things were tight.
Of course but you don't think that the £92m loss in 2021/22 & the events of last season (from the lack of any incoming players until Fofana was sold all the way through to the sale of Maddison before the hastily adjusted end of fiscal year) hinted that we were sailing close to the wind for the 3 years ending in June 2023?
 
Usual story – higher revenues, loads of 'homegrown' sales, smart accounting practices, dodgy ruski to blame stuff on, BCC status...
 
Of course but you don't think that the £92m loss in 2021/22 & the events of last season (from the lack of any incoming players until Fofana was sold all the way through to the sale of Maddison before the hastily adjusted end of fiscal year) hinted that we were sailing close to the wind for the 3 years ending in June 2023?
Daggers asked how our rivals knew of our financial position, just pointing out that the Sensi decision must have finally made it obvious to everyone.
 
Daggers asked how our rivals knew of our financial position, just pointing out that the Sensi decision must have made it obvious to everyone.
Yeah and my point was that there have been enough signs over the course of the last 18 months that in all likelihood we've been operating on the bubble. I would say that the supposed rivals (whichever clubs they are and whatever the relationship to them the sources are) and/or The Sun are just taking a guess that we've fallen the wrong side of the rules based on what is out there in the same way that Leeds & Burnley did with Everton in 2021/22. As with that situation they might be right... but they might not be. What would be really messy is if we did exceed the limit last season by less than around £3m and Everton and/or Forest own guilt was confirmed then not only relegated but breaking the rules because of being relegated!
 
Rob Tanner appeared on a Leicester fans podcast last night and basically said that expects our next set of accounts to show that we have have breached the rules but that the club is 'quietly confident' it will be able to plead mitigation.
 
I think forest tried that, saying that they only breached because they held out on selling Johnson for a month or two to get a higher price. Doubt it'll work.

Not sure what our mitigation will be. That we didn't buy anyone for ages to try to stay 'onside'? I'd imagine the counter to that is "so what, you got yourself in the situation in the first place".

From the article it implied our best hope is that we dodge things by dancing between EPL and EFL jurisdictions, assuming we can stumble over the line....
 
We received a lot of money for Fofana, Barnes Maddison etc etc plus lots of high earners off the books.
For us to be guilty of breaching FFP, it just goes to show how much we must have wasted on dross.

The football club has to operate similar to how you Roofers think when you buy a car, "Will it work well whilst I own it, and when I sell it, will I get a reasonable trade in price?"
 
We received a lot of money for Fofana, Barnes Maddison etc etc plus lots of high earners off the books.
Yes we received a decent amount of money in profit from those 3 (even taking into account the sell ons in two of those cases). I think Fofana & Maddison are in last year's accounts (to be published soon) and Barnes this but with the exception of Schmeichel and to a lesser extent Fofana (well, & Rodgers but too late in the day - and wouldn't it be a grim irony if it is the payoff to him that sent us over the FFP edge) we didn't lose any high earners off the books last season (and we no doubt spent their wages on those for Faes, Kristiansen, Tete & Soutter). We had already made it clear right at the start of the season (to Rodger's chagrin) that we couldn't spend unless someone went (and only then reluctantly such was the impact of 2021/22). And whilst we undoubtedly had much reduced bonus payments compared to the previous season, that would be more than balanced by the drop in turnover from the previous season.

The football club has to operate similar to how you Roofers think when you buy a car, "Will it work well whilst I own it, and when I sell it, will I get a reasonable trade in price?"
To be fair, I'd say the club have consistently demonstrated that this is their thinking in terms of the profile of most of their player purchases. They just have proved to be very poor judges at times of what makes a good "car".
 
The decline started Congerton was employed.
Islam slimani.
Adrian Silva.
Ahmed Musa.

How much did we spunk on them, long before Congleton.
The title win was when the decline started, ref recruitment.
Even the good ones since then (tielemans , fofana, ndidi, Madison) cost in the tens of millions....not exactly unknown gems.
 
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