Since Forrest have only been deducted 4 points, and Everton 6, then your hopes are already dashed.
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[Football] Leicester City charged with alleged PSR breach
- Thread starter Mancgull
- Start date
Since Forrest have only been deducted 4 points, and Everton 6, then your hopes are already dashed.
Presumably the punishment will only be given if they get back to the PL, in which case, they don't have much of an argument.
I remembered something. Have googled and come up with this entry on the ownership of the stadium on Wikipedia:
Ownership
The cost of the new stadium, combined with relegation from the Premiership, the collapse of the English transfer market due to the introduction of the transfer window and the collapse of ITV Digital meant Leicester went into receivership shortly after moving to the new stadium. Birse Construction who had built the stadium therefore lost a large part of their fee, and they withdrew from football ground construction.[9]
As part of the deal which brought the club out of receivership, the stadium's ownership reverted to American academic retirement fund TIAA–CREF, who had supplied £28 million via a bond scheme towards the stadium's construction, with the club taking a long-term lease while the bond repayments were made.
On 1 March 2013, owners King Power purchased the stadium through their company K Power Holdings Co, Ltd.[10]
King Power Stadium - Wikipedia
So a standard administrationy wiping of debts things, as I read it.
Well at least they've been punished in a way that actually hurts them, even if it's not as badly as many would've liked. Personally, I think these clubs (as Everton showed in the documents around their charge and appeal) felt that they'd get a fine and maybe an incoming transfer ban for a window. That they could cheat the system financially and essentially pay off the league for doing so. They wouldn't be appealing a fine.
The reality is, one of those two clubs are now potentially going to get relegated for their sins and lose a guaranteed £100m (come on Luton!). Whilst I would have loved to have seen a serious penalty that left these clubs high and dry, I don't think more than what has been dealt was ever a pragmatic realisation. If it is a set in stone 9 point deduction for administration, 10 points was always a ludicrously high ask. (FWIW, I really hate that Forest were given 2 points back for working with the League in their investigation. One of the core rules in the PL handbook is to "Behave with the utmost good faith and honesty to each other... and maintain confidences." Ridiculous that Forest got anything for that.)
If Leicester are promoted, and they start next season on -6 points, they've got a mountain to climb and it will be hugely damaging for them. Just need the league to maintain some consistency in punishment, so clubs will start to feel hurt by the rules.
Confidant this has been the plan for some time. New landscape, new rules, new opportunities. TBMBE is always one step ahead of the game.
I still expect KD-H to end up at Wet Sham or Everton, though. Hang on, not Everton.
To add to all the “new’s”:
New styles
New shapes
New modes
el punal
Well-known member
I would say what a shambles some clubs have got themselves into. The rules and regs might be a bugger but every club signs up to them. Renege on those at your peril - as has been proved.
They won’t get away with it.Oh it’s a dreadful dreadful shame!
Leicester fiddled FFP to get promoted last time, won the League, got relegated whilst fiddling it again.
Dodgy owners
They’ll be a punishment waiting for them for the 3 year period to 22/23 and another one surely coming up for the 3 year period to 23/24 unless they sell big in June.
Now Leicester, about Mr KDH……
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 7,031
..... That £30 million we offered you?... Its now 20 million
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 7,031
Not the case according to SSN. They will be deducted points if they don't go up in the same way as if they do
Flounce
Well-known member
- Nov 15, 2006
- 1,126
I remembered something. Have googled and come up with this entry on the ownership of the stadium on Wikipedia:
OwnershipThe cost of the new stadium, combined with relegation from the Premiership, the collapse of the English transfer market due to the introduction of the transfer window and the collapse of ITV Digital meant Leicester went into receivership shortly after moving to the new stadium. Birse Construction who had built the stadium therefore lost a large part of their fee, and they withdrew from football ground construction.[9]As part of the deal which brought the club out of receivership, the stadium's ownership reverted to American academic retirement fund TIAA–CREF, who had supplied £28 million via a bond scheme towards the stadium's construction, with the club taking a long-term lease while the bond repayments were made.On 1 March 2013, owners King Power purchased the stadium through their company K Power Holdings Co, Ltd.[10]
King Power Stadium - Wikipedia
en.wikipedia.org
So a standard administrationy wiping of debts things, as I read it.
yep, that is what I was remembering, new stadium moved into and no action taken for going into administration with debts of 30 millionSurely that would be up to the EFL / Championship? The PL can't make that decision.
Sheebo
Well-known member
- Jul 13, 2003
- 29,297
Yep. And I can guarantee you most ‘fans’ who follow football (mainly plastics) in the prem won’t have a clue Leicester cheated to win the premier league. Built a squad by breaking FFP rules to get promotion. Took a pointless few mil fine I think - like Bmouth. I know Mr Barber (Spurs fan too of course) wasn’t having any of it. It tarnishes their incredible achievement for me. Same with Pompey winning the FA cup etc.Oh it’s a dreadful dreadful shame!
Leicester fiddled FFP to get promoted last time, won the League, got relegated whilst fiddling it again.
Dodgy owners
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 7,031
Apparently an agreement will be reached where the efl will apply the penalty
And that is the EFL's choice, so no point in them whining that they're not in the PL.
AstroSloth
Well-known member
- Dec 29, 2020
- 1,008
I'm feeling this could be the summer where we spend "big" comparatively to others.Although our model of selling youngsters for completely outrageous sums may now have been buggered by the new rules, I can't help but wonder if keeping our current squad (uninjured) plus a couple of reasonable signings, which we definitely have the funds for, could move us on again.
Just saying, personally I certainly wouldn't go head to head with PBOBE and TBMBE
We've sold at the height of spending and spent relatively safely. This summer prices are going to be a lot lower so you could see us try and sign players now that we're spending less on them than we would have previously.
I see Leicester fans are crying corruption
They are of course one of the clubs that caused the FFP to brought in when they overspent and went into administration
They then of course overspent to get promoted, potentially taking someone elses place in the PL
Currently paying players over 100k a week in the championship
They are of course one of the clubs that caused the FFP to brought in when they overspent and went into administration
They then of course overspent to get promoted, potentially taking someone elses place in the PL
Currently paying players over 100k a week in the championship
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Thought this all along. Tony saw this coming ages ago, and piled up his chips in readiness. Genius.
nwgull
Well-known member
We've been building up to this point with very big sales during the course of the last 6 transfer windows, starting with the 50m for Ben White in summer 2021. I think I'm looking forward to this summer's transfer window as much as I am to watching the Euros - and I'm really looking forward to watching the Euros.