Thought it was the PL that were responsible for our sanction?
We also need to remember that this appeal was partially a victory, because the PL wanted more points deducted.
Some thoughts on the verdict from the Commission...
Sep 2024 - the PL informed LCFC that it anticipated bringing a PSR complaint against the club, for the period ending FY24.
Feb 2025 - the PL begin drafting amendments to the existing PL rules - including a new rule W.52.10.
Mar 2025 - LCFC ask the PL when the new rule would take effect and would it only be applied to future assessment periods.
The club also asked the PL whether it had considered legal issues around retrospectivity.
13 Mar 2025 - the PL reply "the PL does not intend for the proposed amendments to apply in respect of PSR assessment periods that have already finished" and that the "PL does not intend the proposed amendments to have retrospective effect."
18 Mar 2025 - LCFC seek clarity "It is our understanding that the proposed amendments are not intended to have any retrospective effect, that they would not apply to any PSR assessment periods ending with Accounting Reference Periods that have already finished, and that they would only apply prospectively. Please can you confirm if this is correct?"
20 Mar 2025 - the PL reply "Confirmed."
LCFC ask the PL the make this clear at the next shareholders meeting, either in a Resolution related to the rule amendments, in accompanying guidance, or otherwise. The PL say, "Yes, we are happy to do this. We would not usually include guidance for something like this but we would be happy to make this clear in the meeting and then ensure that it is subsequently reflected in the Minutes."
27 Mar 2025 - shareholder meeting slides in a presentation state "Proposed changes are entirely prospective – no impact on financial years already concluded." The meeting minutes also noted this.
Chapter 11 of the Commission ruling states, "We set out below the provisions of W.52 of the PL Rules 2024/25 adopted on 27 March 2025 which it is common ground are the rules which are applicable to these appeals and which set out the powers available to a Commission following a finding that a complaint has been proved." So at the actual meeting where the PL are providing assurances that the new rules will NOT be retrospective, the Rule W.52.10 was adopted. It is as clear as day, that LCFC would expect that to be binding, regardless of the wording of the specific rule...
BUT the Rule W.52.10 when published did not mention anything about time limits, nor specifically retrospectivity.
The Commission ruled that even though the PL promised no retrospectivity in all the representations prior to the adoption of the new rules, that this didn't matter. So LCFC could not rely on those "promises". The Commission saw these representations as negotiations, rather than promises. Also the promises made by the PL were about amendments, rather than the new Rule W.52.10.
Seems that the famous de Marco failed us this time. On the balance of interpretive and equitable principles, the Commission should not apply W.52.10 retrospectively against LCFC; the Panel should uphold LCFC’s entitlement to rely on the PL’s clear prospective assurance and grant appropriate declaratory or injunctive relief. To ignore the assurances made to LCFC and allow retrospectivity, means that there is absolutely no time limit to Rule W.52.10.