Leicester City

Next one on this list, charged by PL for breaching PSR.
Did I hear it muted the PL are looking into changing the guidlines/rules, sounds about right can't be having City or Chelsea punished.

https://www.bbc.co.uk/sport/football/68580638

 

They cannot afford to screw up promotion. The pressure is on them to get over the line.

 

Whatever happened to owners being able to spend their money how they deem fit?

I don't like this idea of punishing clubs for spending too much. If you're going to treat every club the same, fair enough but it just seems a ploy to leave the big six unchallenged.

 

It's not been that way for years mate, the reason being clubs going bust when owners just decide they've had enough. Bury/Macclesfield being the latest examples. For years there has been caps, but it's only recently clubs have started being punished for it, and that's because FA are fearful about outside regulators.

It does seem it will get to a point where the 'big' 6 will never be under threat if spending isn't allowed though, Aston Villa & Newcastle should be allowed to spend to try and break into it consistently.

 

Isn't your bottom paragraph what I've just said? You could add Forest and Everton to that. Can't see what they've done wrong to be honest.

 

I think there was some idea banded about whereby owners could spend whatever they wanted as long as it was a "gift" and didnt saddle clubs with the debt.. no sure if that ever gained any traction or came about though.

That is the only way i can see it ever working and keeping clubs away from going bust. If an owner wants to come in and spend their millions/billions, thats fine.. as long as it doesnt put clubs at risk.

 

Probably wrong but didn’t the rules change to stop that and that’s why Man City had the allegations over the funding for the naming rights of the ground?

 

Maybe, that might be why it rings a bell.. i genuinely done see an issue with an owner spending money on his beloved club/vanity project if it doesnt endanger the long term existance if/when they decide to move on or have run out of money.

 

Rumoured new regulations will allow 80% spend vs turnover

 

I’ve felt for a while now if when buying a club an owner was willing to place let’s say 2 years worth of running costs into a holding bank account, then an owner should be able to spend as see fit.
If in a year they spent more than budgeted for they would have to bank extra to reflect.
This money would be held by the EFL/PL to protect clubs and returned to the owner when sold.

 

Pity they didn’t have the same owners in 2002 when they built their new stadium but couldn’t afford to pay for it and entered administration causing ordinary people to lose jobs and money

Loads of documented financial irregularities since then as well

Done well to get away with it for so long

 

Yes, not sure why you're so passive aggressive, you asked a question as to why and I answered the reason and then just agreed with your point mate?

 

Aye, let other clubs spend ridiculous amounts of money. It's not as if there are any consequences for clubs like ours.

 

Premier league clubs are restricted to losses of £105m over 3 years.

Leicester lost £31.2m in ‘21, £92.5m in ‘22 and are yet to file accounts to ‘23.

There are certain costs which can be excluded, but losses of £123.7m over two years suggests, unless they make a substantial profit in the year to ‘23 (£20m) they will be in breach and liable to penalty.


This is not particularly new.

 

Apparently Leicester were at £92m for the year they got relegated, they must have known they would fail and thought any penalties were worth paying.

 

They breached the EFL rules to get promoted in the first place. This isn't a victimless crime either. December 2012 we beat Leicester 3-2 away to move into championship top six. Danny Drinkwater our man of the match on a season long loan from man utd. Monday morning, Leicester on phone, buy him with money the don't/shouldn't have. If we are going to have rules about financial fair play they should be enforced and done so immediately. At present there is a mega lag between breaches and sanctions.

 

Horrible club

 

Couldn’t happen to a nicer club. The Football League had to change the rules after Leicester abused the administration process to avoid paying creditors, before spending tens of millions to get promoted. Fairytale story my arse. And then when they’d overspent again, to the tune of another £100m, they sold their ground to themselves. And now they’ve done it again!

The Premier League should bar entry to the cheating ********. Hopefully they’ll miss out on promotion anyway. The most detestable club in the league. And the league includes Leeds, Millwall and Birmingham.

 

Where does all this ridiculous spending in football end? You listen to some fans of PL clubs and they are bored to tears with the product, ticket costs, VAR, overatted players, and not much hope of achieving unless you are a select few.
I'm not sure of the viewing figures these days but as a product it feels like it could easily go stale, especially if broadcasters keep having to pump massive deals in and then recoup those costs.
Wages have been out of control for some time and probably account for 3/4 of clubs debts.
Serious question would a wage capping system sort alot of the issues around profit and sustainability? If so why won't the PL introduce one? Is because they fear the better players will jump ship,

 

Spot on. The standard would inevitably drop because there would be more over coached English based players. This would reduce our UEFA co efficient and number of Champions League places available.

Not all about money. Plenty of politics involved too. Pretty sure European success of English clubs helps in some way when the F.A is bidding for major tournaments. However, that doesn't explain how Russia and Qatar got their tournaments. (That was just corruption) I'm waffling now.