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Leicester City PSR breach.


Its going to be a hell of a scrap down there til the end of the season like. Lots of clubs involved and a fair few more that could easily get pulled into it as well. Sheff Wed gone and assuming Oxford go with them.
 
The very vocal vupines at work (Nottingham) are currently very quiet.

I just need Forest to be relegated next as many of their fans are very cocky.
 
Steesafc said:
Its going to be a hell of a scrap down there til the end of the season like. Lots of clubs involved and a fair few more that could easily get pulled into it as well. Sheff Wed gone and assuming Oxford go with them.
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Championship certainly looking spicy this year. As you said, scrap at the bottom but there’s also a massive scrap for the top 6 still. Got a bit of a soft spot for Leicester after what they did in 2016 so would be a bit gutted to see them go down again like.

That said, it’d be class if Coventry continue being shite and drop out of the automatics.
 
I mean…just…..bloody hell…wow! How in Gods name did they get to this position?! How is it even remotely possible that a team that did what they once did fall from grace so utterly spectacularly?!

The mind boggles!
 
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Zak's Dad said:
Early 2000s.

It was their actions that got the rules tightened.

I'm sure Gary Linekar was on the board at the time, but they took themselves into administration, wiped out the debt, terminated the contracts of their players, and then signed the vast majority of them back immediately on much lower wages.
Completely sorted out their finances and at the time there was no sanctions that could be used.

They got promoted and the furore caused the football authorities to start tightening the rules to stop clubs taking advantage like that again.
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There were a lot of small businesses who were owed a lot of money by LCFC. They got away with it hence the rules were changed to stop this happening again
 
Covid and the owners owning possibly the worst business in the world to take a hit during those times haven't helped, as well as the old man dieing.

Then spending money they didnt have and having to sell any quality they had left to try and balance the books truly fucked em.

Thats before you even look at a £100m training complex that not many teams in the world possess and all the associated costs of running it alongside a loss making team
 
SandDancer50 said:
Which is why we should enjoy what we have at the moment. You never know what the future holds.
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I understand it’s to do with PSR but I didn’t exactly graduate from LSI with top class honours. I can barely work out the right amount of money to deduct if an offer on food like a 3 for £4 and like that ASDA Bistro range meal deal doesn’t come off. How I’m expected to understand the scale of the losses incurred by a professional football club under a system as complex as PSR God knows.

What this tells me that we ultimately should never take for granted the fact what’s ultimately important is how the club is run at an administrative level.
 
LeicesterMackem said:
I've lived here 40 years, been to quite a few games, and i still don't have much feeling for them. I feel a bit sorry for my LCFC supporting friends though.
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I also lived in Leicester for a good few years. There’s a lot of MLF’s living there.I have a few friends who are lifelong Leicester supporters .
Leicester did get a lot of plastic glory supporters when they won the league in 2016. These fake fans have since crawled back into the woodwork since they stunk out the PL and relegation
 
redandwhiterob said:
This is the reason when the times comes when we have to reign the spending in they should be no real complaining
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It depends. If we sell high and continue to buy reasonable low we won't have to alter our spending that much. Obviously we won't be buying a dozen or more players each window. That was one off to bridge the gap.

The mags got in trouble because they bought high and sold almost nobody for decent cash. They were then forced to sell a couple of players they would rather have kept in Anderson and Mintah to avoid a PSR breach. Oh and buy a 4th choice keeper for £20M too!
 
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