Published in the athletic this evening - Leicesters premier league rivals and football finance expert Kieron O’Connor (who published an analysis of Leicesters estimated accounts) are expecting Leicester to have breached the £83m allowed losses for the 3 years up to 2023/24. A charge could be announced by the PL as early as Monday with a points deduction fast tracked for this season
Perhaps even more incredible is that it’s now been suggested that Leicester missed the PSR deadline when selling KDH to Chelsea by 2 days. If both of these events turn out to be true (as is widely expected) then there is absolutely no more excuses left for this ownership.
Those fans (and we know who they are) that have fiercely defended Top and the board - making out as recently as last season that lessons had been learned and that the club were not at fault for the first breach (which we avoided anyway), need to hang their heads in shame. If they were brave enough they would come back onto this forum and admit how wrong they were - but we all know that won’t happen.
Surely if the club are charged - alongside the mess they’ve created on the pitch this season - this has to be the turning point. Even the usually spineless King Power crowd will surely start to turn their attention to the board.
This cannot be allowed to continue because Tops father achieved a spectacular miracle 10 years ago. The fans cannot allow the club to be run like a Mike Ashley comedy circus tour and along with the Foxes Trust - the fans will have to finally stand up and hold these owners to account. The King Power group are driving this club into a completely unsustainable future - one that it won’t recover from, not even under the next ownership.
Let’s wait and see - but even if we get away with it yet again - we all know it’s only a matter of time before we get caught by the EFL.
#KingPowerOUT
Leicester expected to breach PSR for 23/24
posted 15 hours, 36 minutes ago
I’m afraid Leicester will be going down with or without a points deduction this year
In which case, it might be better to take the hit anyway 👍🏼
posted 15 hours, 32 minutes ago
comment by HEY, WE'RE BACK (U22866)
posted 10 seconds ago
I’m afraid Leicester will be going down with or without a points deduction this year
In which case, it might be better to take the hit anyway 👍🏼
----------------------------------------------------------------------
Well thanks for pointing out the bleeding obvious 😂 Yeah I think we’ve all figured out we’re going down regardless.
We go straight under an embargo with the EFL in any case for the 22/23 breach which we got away with but is now firmly under their jurisdiction
Whichever way you look at it we’re snookered. That’s why we need these owners out
posted 14 hours, 58 minutes ago
Update from Rob Tanner - it looks like the KDH sale is included in the 23/24 figures. There still seems to be some uncertainty on this as it was very very close to the deadline. Adrian Silva anyone??
posted 13 hours, 55 minutes ago
I had been wondering when we might find out about any potential points deduction, I'd seen somewhere that it could be relatively early in the year. Any idea how much it might be? Given that the club's reaction on past performance will be to reach for the lawyers and try and embarrass the EPL again, I'm expecting zero mitigation if they reckon we're caught bang to rights this time.
Also the EFL will be positively slavering at the prospect of us dropping into the Championship where we'll get charges a'plenty for previous breaches.
One of the reasons why I couldn't get too excited last year with us heading the Championship, the prospect of having another dire season in the Premier League. Still, we're not out of it yet, with some quality additions in the transfer window Ruud might just pull us out of the fire. (Rudders)
posted 13 hours, 36 minutes ago
Expected breach is about £12m apparently - even with the KDH sale. Not huge but enough to be charged and if we are then they will attempt to throw the book at us.
The club are an embarrassment as are the fans that have defended them to the hilt only to then sheepishly disappear from these boards when it becomes impossible to continue defending them
posted 11 hours, 3 minutes ago
We'll see shortly by the sounds of it what they may have in mind. At least we'll know what's facing us then, I suspect it will make a very difficult task almost impossible. There are calls for Rudkin out from time to time, he may be on last chance saloon with this transfer window. We can but hope.
posted 8 hours, 11 minutes ago
Punishing fans for the owners misdeeds is just a ridiculous thing to do but hey ho.
posted 3 hours, 19 minutes ago
I know I keep asking the question but where are TB and Mersey?
Why don’t they show a bit of backbone and either stand by their conviction that Top and the board are learning from their mistakes or do the decent thing and admit they got it wrong?
Instead what they’ve both done is crawl away from the forum the moment it all started to unravel when we hired Cooper. Of course I hope genuinely they’re in good health and nothing except perhaps embarrassment is preventing them contributing