Some pretty awful news circulating about Leicesters points deductions and financial wriggle room this season as PSR charges are set to potentially be confirmed in the next 2 weeks
Leicester are in line potentially for 2 points deductions next season if the PL get their way and work with the EFL to charge them for breaching 2023/24 allowable losses as well. To mitigate that - Leicester have no choice but to sell KDH by Monday - particularly as the promotion bonuses are going to impact this seasons allowable losses
If they sell KDH (and it looks likely he will go to Chelsea) - then it’s still a potential record points deduction for the 2022/23 season as Leicester have breached by a record amount. Oh and they’ve been non compliant in the process
Even then - we have nothing to spend this summer reportedly. It’s loans and youth players which is surely going to see Cooper on track for beating Derbys points total
How the owners have landed us in this position beggars belief.
Let’s be clear about this - we’re not just counting the cost of the inexplicable recklessness of the summer of 2021 here. We are also counting the cost for failing to sell or shift players on when we got relegated and essentially attempting to stick two fingers up at the EFL by keeping those players and gambling on promotion so they couldn’t touch us
It’s a disgraceful situation and shows once again the club isn’t learning. Quite the opposite. We now have a manager who effectively has both hands tied behind his back
Fans need to unite against the owners next season over their appalling financial mismanagement of the club, lack of engagement with the fans, season ticket prices and keeping Rudkin in a job.
Top isn’t learning - he has to be pressured to walk. Fortunately there are lots of Leicester fans that are starting to come around to the idea. Next season is going to get ugly
Write Off
posted on 29/6/24
We agree to disagree 👍
posted on 29/6/24
comment by 98 Problems (and promotion ain’t one) (U12353)
posted 1 hour, 10 minutes ago
comment by Foxello - "a miserable Rodgers obsessed weirdo" (U6985)
posted 20 minutes ago
Try to imagine a hypothetical scenario whereby the club was bought by new owners in 2021. Then imagine that in the next 3 years, those new owners had the following record:
- A decline that resulted in the club going from 5th, FA Cup Winners and European Semi-Finalists, to relegation within less than 2 years - the biggest decline in Premier League history;
- Breaking a successful transfer model that had become the blueprint for any middle-sized club that aims to compete with the big 6;
- Spent tens of millions on players who did not improve the team
- Stuck by an underperforming manager who had criticised the club and was practically begging to be sacked, only sacking him when relegation was a practical inevitability;
- A haphazard search for a new manager that went from Graham Potter to Jesse Marsch before settling on Dean Smith;
- After a successful summer transfer window, failing to sign a key player to fit your new manager's idea, p*ss*ng off that manager and leaving your squad weaker:
- Getting charged with a financial breach for your earlier poor decision making;
- After getting over the line, making fans angry with off field antics and increasing ticket prices, including match tickets by 30%;
- introducing a £25 charge for physical season tickets under the guise of being environmentally friendly, whilst printing out 30,000 clappers every other week
- Another managerial change to replace the guy you p*ss*d off, starting with Graham Potter and ending up with a guy who had a 20% win record at your local rivals;
- Selling your best player because you are on the brink of a second financial penalty due to all the poor decision making you have made during this period.
Under this scenario, I would hazard a guess that these new owners would be regarded as a massive failure who had set the club back years, if not decades.
----------------------------------------------------------------------
This. Absolutely this. Why on earth can’t our good friend see it?? Love him to bits but Jesus……
----------------------------------------------------------------------
I can see and agree with most of this.
posted on 29/6/24
comment by Merseysidefox (U4842)
posted 30 minutes ago
We agree to disagree 👍
----------------------------------------------------------------------
And in the end I think we have to end our debates there Mersey. Not because we dont agree - but more importantly to me, because you’re now actively refusing to engage whenever hard evidence is put in front of you. You slink off every single time and the reason is because you’re run out of arguments. So after you make a very lame attempt (again) to defend the owners - every single time you’re questioned by me, Nuneaton or Foxello - you either avoid the question or simply say ‘I agree to disagree” or even more bizarrely - you make out you agree with some of what’s said.
It’s just avoidance. You’ve been doing it for 2 years and i absolutely have no problem with anyone backing our owners IF they agree to engage in healthy debate and attempt to back up what they say. You’re not doing that. You’re having a go and then when it’s handed back to you on a plate, you’re running off and hiding before we go through the cycle once again
It’s tiring and it’s a shame but I’m afraid I have to filter you. Again this isn’t because we have a difference of opinion - it’s because of how you’re defending it. It’s become impossible to debate with you. Enjoy this season mate because you’ve absolutely earned it
I
posted on 29/6/24
I know that looks really harsh and it probably is, but if you look at our exchanges over the last 2 years - they always go down the same predictable path. Filtering just stops that from happening and it saves us both a lot of time and energy endlessly going through this loop.
posted on 30/6/24
comment by Merseysidefox (U4842)
posted 12 hours, 59 minutes ago
comment by 98 Problems (and promotion ain’t one) (U12353)
posted 2 hours, 14 minutes ago
Mersey the poor decisions have continued since 2021 and mean we are in for far worse punishment both in this season and the long run.
Let’s be absolutely clear - the shambles of 2021 have seen us breach FFP for 22-23. There was still an opportunity to avoid breaching 23-24 which apparently even with the KDH sale is likely to happen. The reason we are set for a second deduction is because when we were relegated, we refused to shift certain players on we could no longer afford.
Iheanacho, Ndidi, even KDH could and arguably should have been moved on. But the club refused. In their arrogance they believed they were untouchable and that it would be better to get promoted, kick the can down the road and then hope to survive and deal with whatever came. That’s a dreadful and very costly mistake
So let’s not kid ourselves this comes back to one fateful summer. That was the start - the huge turning point. The next shambles was the summer of 2022 where we put ourselves under an embargo and breached by a mile anyway - getting relegated in the process
We then followed that up by refusing to our cloth when we got relegated and were now going to pay a very high penalty indeed
So let’s be honest and talk about the uncomfortable truth Mersey won’t face - we’re still making mistakes. And lots of them.
----------------------------------------------------------------------
For the purpose of debate 99, I really can’t agree that the ownership have continued to make mistakes after last season’s debacle.
They picked a manager that got us back up first time of asking unlike Leeds. They couldn’t move on the players you suggested despite trying. We wanted to move on Dana, Soumare and others but we couldn’t. The mistake was already made in giving them long term contracts and not selling key players so that was ok.
I believe we’re trying to rectify the mistakes but it can’t happen overnight. The Cooper appointment has been broadilu applauded within the game if not by the fans. We targeted Potter which was still ambitious. We’re trying to get the finances back in check. Yes it’s a mess; but I’m not sure what more we can do other than playing the system better.
----------------------------------------------------------------------
Mersey, you've agreed with most of Foxello's points. Virtually all of these failings can be laid at the door of one person - our DoF.
You're not sure what more we can do? The answer to that is replace Rudders with somebody more competent, something that Top has singularly failed to do. This inaction is what is making me gradually come round to the need for new owners. I'm not there yet, I'm still very wary about change in ownership because we could end up with somebody worse, but another poor year in the Prem - which looks increasingly likely - might prove the tipping point.
posted on 30/6/24
He’s filtered Nuneaton so he won’t be able to respond on this thread. And I’ll be honest that’s a good thing because he isn’t really debating the points you raise - if you read his responses carefully he’s either swerving them - or in the case of your other question on ‘what will it take to make you lose faith’, he’s disregarding what’s happened up to this season and putting in a set of seemingly ever changing conditions for him to apparently lose faith in Top:
We all know he never will. Just look at some of his arguments;
He’s moved the goalposts on what constitutes as owner failure multiple times to suit his argument
He’s made countless excuses for Top by pointing fingers at FFP.
He has accepted Rudkin is a poor DoF but wont admit that Top keeping him is evidence of him continuing to make mistakes
He’s convinced that the only real mistakes the owners have made is the summer of 2021 and keeping Rodgers for too long.
He’s convinced we’re trying to return to the sustainable model of the past yet can’t provide any evidence to back this up
To the contrary rather than bring sustainable - the evidence points to more financial breaches for refusing to sell assets other clubs wanted to gain an unfair advantage
The guy is a likeable poster but he’s a waste of time to debate with. No respect for people who shift the goalposts to support their own views
posted on 30/6/24
By every single metric, whether it be on field, financial or fan engagement, King Power's ownership has been pretty appalling since 2021. Anyone defending or excusing Top is basing it on previous success and/or attachment on a personal level.
On a separate note, it is starting to irritate me that whilst other clubs have worked out how to play these ludicrous PSR rules at their own game with hilariously overpriced academy transfers, our owners have chosen to either sell our best player by midnight or accept another likely points penalty. Not even the slightest indication of us trying something clever or imaginative like other clubs are doing - we are just either accepting that we lose our most creative player or we commit another breach. It's maddening that we haven't attempted something similar. Why not sell Daniel Iversen to someone for an over inflated fee like others are doing and then agreeing to buy another young kid? It just seems like we're sitting back and doing nothing to play the rules.
Also, can anybody tell me what the benefit of KP owning Leuven has for Leicester City? We haven't even attempted to use them for any benefit other than occasionally loaning them our players, who then never get seen again. Look at how Brighton have used USG to get past rules to bring in Mitoma and Adingra. We haven't even attempted anything similar bar that stupid Hirst deal. It's just ridiculous that we have a sister club that we never use for the benefit of us.
No imagination from the owners. These rules are a pile of p*ss designed to protect the big boys, but they exist and we haven't even attempted to bend them. It's gobsmacking incompetence.
posted on 1/7/24
Word on the rumour mill is that the players have been told we are likely to get a 19 point penalty for our breach of PSR and unwillingness to cooperate with the process.
Little point in playing out the season if that proves to be the case.
posted on 1/7/24
Wow. I mean I’d be really surprised if that’s big a points deduction unless it really is multiple breaches. You get 9 for going into administration don’t you? I’m still clinging on to the possibility that it’s a single breach and it’s between 8-10 points.
Either way it’s immaterial - even if we had no deduction, we’re Sheffield United next season and we’re getting battered. No wonder Enzo walked at the first opportunity he had
posted on 1/7/24
That's disappointing if true. We could easily end the season on negative points. We'd definitely end up in court with that size of penalty.
Little sense in getting worked up about it, we'll hopefully find out what it actually is shortly. Then we can be enraged if appropriate.