We’ve been charged

Will Hay said:
So Enzo has a team meeting asking them to pull out all the stops to gain promotion.
The players then realise that none of them will be here next season, probably including him.
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Except if we have a transfer embargo they will all be here, won’t they?
 
Its all well and good complaining that 'they are after us' and clearly the EFL has not even followed its own 'rules' by asking for financial information ahead of the deadline.

But the EPL have charged us for failing to submit accounts by a deadline actually set in their rules - there seems no dispute about this

The statement released by LCFC contains no denial of rule-breaking, only some guff about 'ambition', whatever that is or has to do with the case - there is no plea of innocence.

If we overspent then we deserve punishment although who would trust either the EFL or EPL to apply any penalty fairly?
 
Part of me thinks we might get away with all of this, as neither body has the jurisdiction to punish us at this stage.

There is a loophole and it will be closed now we’ve exploited it, but we can’t be punished for finding it.

However we should be punished for signing Daka, Soumare, Vestegaard and Bertrand alone.
 
It looks to me like they have realised that the rules are farcical and someone needs to be made an example of and low and behold little Leicester City will do !!
It feckin stinks.
I know its like a broken record but going after Leicester,Forest and Everton is OK if they also go after Man City who have 115 charges against them,but we all know they will bend the rules for the Greedy Six teams who will more than likely be slapped with a big fine which they can pay !
 
Hampshirefox said:
We are hobbled with too many crap players on long contracts earning way above their pay grade. We will not move them on easily if at all.
This isn't going away any time soon whatever the punishment. It's a right royal blue disaster and the next few seasons will be rubbish beyond belief.
Congerton, Rodgers and Rudkin are all complicit.
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But that's the point because we tried to muscle in on the big boys we have had to pay bigger wages for so called better players. You never know how good a player is until they play for the team and a lot of the signings came with good pedigree. Look at Soumare and Daka for instance. Soumare had just won the frenxh league. Daka had scored hell of a lot of goals and Liverpool were allegedly interested in him. Buying players especially from abroad is always a risk.
 
Why can't they look at the loopholes that Man City and Chelsea must be using ?
Having a £105M 3 year cap is more acceptable if its applied with strict guidelines for every club.
Why can't it just be on net transfers alone ?
Both those clubs net spend must be astronomical, so literally how are they squeezing it into the £105M cap ?
Whatever the answers are I still think clubs should have the freedom of their finances and with the risks that go with it.
Leeds for nearly 2 decades and Pompey who have still not found their way back yet, both paid the price for overstretching themselves.
We ourselves had 10 years in the doldrums because of the same thing after the MON era.

The points deduction for going into administration is justifiable imo, but leave clubs to deal with the money side of it.
These current unfit for purpose regulations are turning the footballing world into a nanny state and as eluded to in Leicester's statement it's ' ambition ' that is under threat.
They are killing the hopes and dreams of millions of football fans in this country.
 
MeltonFox said:
But that's the point because we tried to muscle in on the big boys we have had to pay bigger wages for so called better players. You never know how good a player is until they play for the team and a lot of the signings came with good pedigree. Look at Soumare and Daka for instance. Soumare had just won the frenxh league. Daka had scored hell of a lot of goals and Liverpool were allegedly interested in him. Buying players especially from abroad is always a risk.
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Congerton had previous and loads on here knew it. He destroyed Sunderland but still Rodgers got his mate signed up.
Rinse and repeat.
 
Brauny said:
So do Newcastle but they can't spend because of the regs
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Not yet they don't. £180m in 2021/22 (us £214m, Chelsea £453m, Man City £613m), £250m in 2022/23 (us a lot less but ours, Chelsea & Man City's have not been made public yet). What they cannot spend is investment.
 
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buz_not_buzz said:
Not yet they don't. £180m in 2021/22 (us £214m, Chelsea £453m, Man City £613m), £250m in 2022/23 (us a lot less but ours, Chelsea & Man City's have not been made public yet). What they cannot spend is investment.
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What are those figures ?
Money generated per club per particular season ?
 
MeltonFox said:
But that's the point because we tried to muscle in on the big boys we have had to pay bigger wages for so called better players. You never know how good a player is until they play for the team
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Except that doesn't explain the big money extensions e.g. Hamza and Ward.

We knew exactly their level but still gave them a wage that means we couldn't shift them when we wanted to.

The entire wage structure at our club has been broken for years (and maybe still is).
 
Brauny said:
What are those figures ?
Money generated per club per particular season ?
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Turnover/revenues from core activities by season (i.e. merit payments/tv revenues - domestic and UEFA, matchday revenues & commercial revenues - sponsorships, merchandise etc.). Figures all publicly available on companies house website.
 
buz_not_buzz said:
Turnover/revenues from core activities by season (i.e. merit payments/tv revenues - domestic and UEFA, matchday revenues & commercial revenues - sponsorships, merchandise etc.). Figures all publicly available on companies house website.
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Oh, and this is the main component in P&L accounts in the profit section (i.e. PSR/FFP). There are others, most notably profit on player sales especially if you're Chelsea but that turnover figure is really key. And, no, it doesn't include investment from owners (unless disguised as sponsorship which is subject to a whole set of fair market value & associated party rules ebich is part of what they are after man city fir)
 
buz_not_buzz said:
Obviously the charge for breaking PSR rules has been anticipated for a while but the charge relating to not providing audited accounts to the EPL (presumably they were asked for and we said we didn't have to as we were no longer members) and the comments relating to "unlawful acts by the football authorities" & seeking "to exercise jurisdiction where they cannot do so" obviously indicate where the big battle ground will be. Personally I think this will end up being a very high risk strategy by the club. The EFL's actions reeked not only of over-reach but of actually ignoring their own rules but if I understand it correctly the EPL's seems more related to omission (i.e. I guess not specifically including past-member clubs in rules that cover a period when they were members) and, if so, I guess there is a chance that the independent commission may determine that even if not specifically included it was clear the club were still subject to those same rules. If it is a battle the club lose then, for all the conversations they have supposedly had with the authorities, it would presumably remove a major mitigation when determining any punishment that may be due.
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If we all chip in to provide you with an eternally free supply of post-match train travel refreshment buzz, would you agree to be the Bentleys fans representative in any involvement in these highly convoluted and largely incomprehensible legal and financial shenanigans?
 
kpbw said:
If we all chip in to provide you with an eternally free supply of post-match train travel refreshment buzz, would you agree to be the Bentleys fans representative in any involvement in these highly convoluted and largely incomprehensible legal and financial shenanigans?
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Nah, as any fule kno, I'm just yet another gobshite on a message board with an opinion. Mine are just "Positivity Pill" free. That particular pharmacology don't work, they just make me worse.
 
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