I'm not sure the appeal suspends the points deduction.Is it possible the appeal takes them past this season so deduction is not delivered till a final decision on the appeal is made?
Is it a risky strategy? Would the points go up if they lost the appeal?
PL have said a decision must be made before the end of this season.Is it possible the appeal takes them past this season so deduction is not delivered till a final decision on the appeal is made?
Any club would appeal it. Don't think thats a surprise, regardless of guilt.
Their next two games are Stoke and Middlesborough away.... they could be deep in the mire after those.
A fair number of Leicester fans seem to think that the owners are incompetent and that they shouldn’t appeal..Any club would appeal it. Don't think thats a surprise, regardless of guilt.
Their next two games are Stoke and Middlesborough away.... they could be deep in the mire after those.
Hopefully Mark Robins is a lot happier than Adi Vivash after those games.Any club would appeal it. Don't think thats a surprise, regardless of guilt.
Their next two games are Stoke and Middlesborough away.... they could be deep in the mire after those.
watched this the other day, fascinating insight from someone who came into a struggling club (Sunderland), and really articulates how hard Leicester might find it if they get relegated, especially if they don’t get immediately promoted back to the championship. The guy in the video also suggested that the deduction should’ve been higher, and that the EFL might not have wanted to be responsible for relegating a club and in turn, potentially bankrupting them. I’d imagine if Leicester manage to stay up, the clubs who it’s at the expense of might have a thing or two to say.
It's a long watch.
Now throw the fucking book at them and deduct 12 points
Did they miss hundred off that? Asking for a friend.Oh no
317.1. Its primary case was that the EFL Sanctioning Guidelines should be “applied as normal” in this case, notwithstanding the fact that LCFC’s ULT for FY24 was £83 million. On that basis, the PL submitted that the appropriate starting point under the EFL Sanctioning Guidelines for LCFC’s overspend (being in excess of £15 million) was a 12-point deduction, irrespective of whether the assessment was conducted on a 36-month or a 37-month basis.
317.2. The PL’s first alternative was an adjusted methodology for identifying a starting point. That approach involved applying the EFL Sanctioning Guidelines by reference to the percentage overspend, rather than the absolute value of the overspend, on a relative scale. On that basis, the PL submitted that the starting point would be a 12-point deduction on a 37-month basis or an eight-point deduction on a 36-month basis.
317.3. The PL’s second alternative was to apply the approach adopted in Everton II. That would, the PL submitted, result in a starting point of a 10-point deduction on a 37-month basis or a seven-point deduction on a 36-month basis.
watched this the other day, fascinating insight from someone who came into a struggling club (Sunderland), and really articulates how hard Leicester might find it If Leicester manage to stay up, the clubs who it’s at the expense of might have a thing or two to say.
They probably could cut back a bit at the training ground maybe close the golf course.If they do go down, their Training ground costs something like 15m a year to run, no TV revenue, players still on massive contracts and what parachute money years they have left they've already had the money up front from McQuarie Bank. They're fucked if the go down and slightly less fucked if they stay up. Probably why they are gambling on the appeal.
They're living well beyond their means, thought they were one of the big 6 clubs of the league. It will all collapse dramatically.They probably could cut back a bit at the training ground maybe close the golf course.
Doug might their training ground buy it for CityThey probably could cut back a bit at the training ground maybe close the golf course.
No way can we have our players over there for training every day. I worked there for two years when I left I had to have major surgery on my hands and feetDoug might their training ground buy it for Citythats what those pest did(wasps)
Carpel tunnel?No way can we have our players over there for training every day. I worked there for two years when I left I had to have major surgery on my hands and feet
But they got 6 points and have 6 fingers so WTF is going onCarpel tunnel?
Charlie Methven has just done a quick follow up on this video, and now believes the situation might be even worse should they get relegated. Apparently that final parachute payment he was saying would be their saving grace in League one, might have actually already been accounted for through those Macquarie loans they’ve taking out against future money. So they might’ve had (and potentially spent) their second parachute payment with interest from Macquarie.watched this the other day, fascinating insight from someone who came into a struggling club (Sunderland), and really articulates how hard Leicester might find it if they get relegated, especially if they don’t get immediately promoted back to the championship. The guy in the video also suggested that the deduction should’ve been higher, and that the EFL might not have wanted to be responsible for relegating a club and in turn, potentially bankrupting them. I’d imagine if Leicester manage to stay up, the clubs who it’s at the expense of might have a thing or two to say.
Sounds like the £100 million training ground is an albatross around their neck, the maintenance alone must be an incredible cost.
An experienced, savvy owner would struggle to save them right now, let alone the idiot they have in charge.
Thought that was common knowledge?Charlie Methven has just done a quick follow up on this video, and now believes the situation might be even worse should they get relegated. Apparently that final parachute payment he was saying would be their saving grace in League one, might have actually already been accounted for through those Macquarie loans they’ve taking out against future money. So they might’ve had (and potentially spent) their second parachute payment with interest from Macquarie.
Starts about 8 minutes in
I knew they were taking loans from Macquarie, but I didn’t know they were factored on payments for players and a parachute payment they hadn’t even received yet, and on top of that, burning through the loan money too.Thought that was common knowledge?
Again, I'm very sure that the mortgaging of next season's parachute money was already well known.I knew they were taking loans from Macquarie, but I didn’t know they were factored on payments for players and a parachute payment they hadn’t even received yet, and on top of that, burning through the loan money too.
What do they think parachute payments are for?
To be fair, that’s a pretty niche regional business website, I can’t recall that being published anywhere else (Leicestershire live etc.,)Again, I'm very sure that the mortgaging of next season's parachute money was already well known.
Leicester City secures new loan ahead of transfer season - East Midlands Business Link
Leicester City has taken out another loan, this time from Australian bank Macquarie, ahead of the upcoming Championship season.www.eastmidlandsbusinesslink.co.uk
It was published on Companies House last year. The point is, Methven is making out like it's 'insider' info, which it isn't.To be fair, that’s a pretty niche regional business website, I can’t recall that being published anywhere else (Leicestershire live etc.,)
To be fair, that’s a pretty niche regional business website, I can’t recall that being published anywhere else (Leicestershire live etc.,)
It shows there are serious cashflow problems. The Australian bank lending all this money must be making a fortune, but it leaves Lesta just getting what are effectively stays of execution.Leicester City handed financial boost for potential summer transfer push
The club have taken out another loan with Australian bank Macquarie, potentially to help their transfer business this summer under their new manager Marti Cifuenteswww.leicestermercury.co.uk
We covered this on here before the season started. It was why I thought they would struggle this season as the loans were needed just to keep them going. They have even cashed in future transfer fees due to them.
I suspect that Burnley's operating costs were significantly less than Lesta's are at the moment.Loaning against future earnings isn’t that unusual. Burnley did similar a couple of years ago
Leicester City handed financial boost for potential summer transfer push
The club have taken out another loan with Australian bank Macquarie, potentially to help their transfer business this summer under their new manager Marti Cifuenteswww.leicestermercury.co.uk
We covered this on here before the season started. It was why I thought they would struggle this season as the loans were needed just to keep them going. They have even cashed in future transfer fees due to them.
I suspect that Burnley's operating costs were significantly less than Lesta's are at the moment.
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