Leicester City PSR breach.

[Shambo]

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this is where I am confused. Football seasons here in England run to 30th June no matter when you are promoted or relegated. on 1st July a new season starts. registrations, player contracts, transfers etc are all tied into the new season starting on 1st July and have done for a very long time. Why do Leicester now get to decide that this doesn't apply to them?

 

[Grumpy Old Man]

Tis ruling will only hasten the arrival and widen the scope of the new football regulator to be introduced by the Government. What I suspect will now happen is that there will be common PSR regulations covering at least the top four divisions, defined and enforced by the regulator, which will also licence the clubs. The problem specific to this situation will thus go away. The regulator will be the same no matter what division you're in.

 

[kildaremackem]

Football isn’t like any other business really, if it were no one in their right mind would buy a club. Owning a club basically consists of making yourself poorer year on year except for a few clubs. And the only way of making a decent wedge is when you sell it to the next sucker that wants to make himself poorer

football clubs are indirectly very profitable...they raise the business profile of the owner.
David Sullivan at west ham said he has made a fortune from football because of the contacts he made through it enabling other business deals..the profit on those deals more than made up for what he has spent on the clubs he has owned..
and of course his west ham stake is worth multiples of what he put in

 

[Grumpy Old Man]

this is where I am confused. Football seasons here in England run to 30th June no matter when you are promoted or relegated. on 1st July a new season starts. registrations, player contracts, transfers etc are all tied into the new season starting on 1st July and have done for a very long time. Why do Leicester now get to decide that this doesn't apply to them?

Not all clubs have a year end of 30 June. Some are 31 May, ours is 31 August and, bizarrely, Plymouth's is 31 December. The 30 June relates solely to player contracts, and is just an adopted convention. This year the transfer window started on 14 June. The season starts when the first game takes place - that's why there are pre-season friendlies. Leicester ceased to be a member of the PL when the 23/24 season ended, and had to transfer their PL share to Luton once the playoff result was known.

 

[Geppetto]

Not all clubs have a year end of 30 June. Some are 31 May, ours is 31 August and, bizarrely, Plymouth's is 31 December. The 30 June relates solely to player contracts, and is just an adopted convention. This year the transfer window started on 14 June. The season starts when the first game takes place - that's why there are pre-season friendlies. Leicester ceased to be a member of the PL when the 23/24 season ended, and had to transfer their PL share to Luton once the playoff result was known.

Why is that the case mate?

 

[Grumpy Old Man]

Why is that the case mate?

Sorry mate - I'm not sure which bit you're referring to in my OP.

 

[Shambo]

Not all clubs have a year end of 30 June. Some are 31 May, ours is 31 August and, bizarrely, Plymouth's is 31 December. The 30 June relates solely to player contracts, and is just an adopted convention. This year the transfer window started on 14 June. The season starts when the first game takes place - that's why there are pre-season friendlies. Leicester ceased to be a member of the PL when the 23/24 season ended, and had to transfer their PL share to Luton once the playoff result was known.

I am not talking about clubs own accounting year end, I am talking about the PL and EFL's official year end, which have for many years been 30th June.

 

[woodlebert]

Give over man, let’s not pretend we wouldn’t be laughing our balls off if we were in the same position.

You might

 

[danthemanSAFC]

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Leaves them just above the relegation zone. 10 year anniversary this year of winning the PL too

 

[scott934]

There was talk it could be 9. So been a bit lucky.

 

[Hetty]

Another 6 points deducted

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[danthemanSAFC]

There was talk it could be 9. So been a bit lucky.

Maybe a chance to appeal as well to reduce it even more

 

[Scotty 1978]

Puts them joint 2nd bottom

 

[Shandy drinker]

Haven’t they gone into administration before?

 

[redandwhiterob]

This is the reason when the times comes when we have to reign the spending in they should be no real complaining

 

[Coeus]

Haven’t they gone into administration before?

When they went to league one i think.

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Leaves them just above the relegation zone. 10 year anniversary this year of winning the PL too

Doesn't seem like 10 years ago mind.

 

[wilka88]

Second bottom wow !

 

[ATTACK ATTACK ATTACK]

Maybe a chance to appeal as well to reduce it even more

Will get reduced on appeal and even if not, they won't be relegated but ends their slim playoff hopes

 

[Barry Quizshow]

Haven’t they gone into administration before?

When they went to league one i think.

2002/03 season in what was then the First Division but they still won promotion to the Premier League.

 

[Antidotes]

It's wild how badly things have turned since their owner sadly passed in that helicopter accident. Bad decision after bad decision ultimately got them to this position