Leicester "strange finances" under investigation for breaking FFP

[Lilbaz]

Yes, I know that. However, Man Utd have maintained their position at the top through massive debt which in my mind is more of an issue than the miniscule (by comparison) amount under scrutiny at Leicester. City have circumvented the rules by extremely dubious 'sponsorship' deals which are donations in all but name. It smacks of sour grapes from the big boys to go after Leicester and would be nit picky. The whole FFP thing is a fiasco.

Leicester getting investigated has nothing to do with the "big boys" it has nothing to do with anyone from the premier league as it is not the premier league investigating. It is the football league and their rules. Rules that leicester agreed to while in the championship

Man utd have not maintained their position through massive debt. The debt came from the glaziers mortgaging the club. Utd have made a profit every year for decades and can afford to pay their debt.

Does ffp keep the status quo? Not according to the league it doesn't. It was brought in because 40% of football clubs in europe faced financial ruin. City and southampton i believe were the only premiership teams that voted no to premier league ffp rules (which are different to uefa ffp rules and football league ffp rules and ones that leicester have not broken).

 

[Drink!Drink!]

Basically, if proven that they broke the rules, they cheated to get promotion to the premier league. Not sure I trust the football authorities to work out the correct punishment for what they did

 

[Lilbaz]

Basically, if proven that they broke the rules, they cheated to get promotion to the premier league. Not sure I trust the football authorities to work out the correct punishment for what they did

The football league cannot do anything as leicester are no longer in the football league.

 

[mpickard2087]

From the gist of it this is about equivalent to a club getting contacted by the Southern League, or some other ancient competition, who after trawling through the records discovered that said club didn't pay their league fees back in 1892...Bit late for the Football League to be finding stuff like this out two/three seasons later.

And if by some amazing series of events they were docked points and it led to us 'winning' the title, I think I'd be embarrassed. Especially so if we actually celebrated it.

 

[Ironskullll]

I smell a rat. They are the Lance Armstrong of football.

 

[Tucker]

Sure they seem to have broken the rules, but they've hardly been doped to the scale of the likes of city and Chelsea.

 

[yankspurs]

Bournemouth - Fine still to be implemented
Fulham, Forest & Bolton - Transfer ban
QPR - £8 million fine
Millwall - no punishment implemented as they were relegated to League 1

No-one has had points deducted, so I can't see anything more than a fine being likely.

Thing is, those were FFP infringements. Leicester managed to avoid infringing on FFP by coming to a deal with what is essentially a shell company that was set up by Richards solely to help Leicester circumvent infringing on FFP. Very, very, very dodgy if you ask me. Essentially the owners used this "deal" to funnel money into the club to be seen as income which was oddly just enough to allow LCFC to meet FFP.

 

[yankspurs]

Sure they seem to have broken the rules, but they've hardly been doped to the scale of the likes of city and Chelsea.

But that happened prior to FFP coming into play which was designed to stop the owners from funneling money in like that. Also, the sheikh and the russian didnt try to hide it either because it wasnt against the rules then. Leicester's owners hid it because it wouldnt have counted as income for the club if they hadnt.

 

[yankspurs]

Basically, if proven that they broke the rules, they cheated to get promotion to the premier league. Not sure I trust the football authorities to work out the correct punishment for what they did

They probably would have only gotten a fine if they didnt do this. I dont think that would have held up their promotion as long as they paid the fine.

 

[nightgoat]

From the gist of it this is about equivalent to a club getting contacted by the Southern League, or some other ancient competition, who after trawling through the records discovered that said club didn't pay their league fees back in 1892...Bit late for the Football League to be finding stuff like this out two/three seasons later.

Except that this was two years ago, not 124. Fuck's sake.

Secondly, the Football League haven't only just discovered this. For a start David Conn was reporting on this same story over a year ago. Considering that Leicester's financial reports for the 2013/14 season were published on March 3rd 2015, this article three days later would suggest the Football League were very punctual in dealing with the matter.

http://www.theguardian.com/football/2015/mar/06/leicester-city-football-league-financial-fair-play

 

[nightgoat]

Yes, I know that. However, Man Utd have maintained their position at the top through massive debt which in my mind is more of an issue than the miniscule (by comparison) amount under scrutiny at Leicester. City have circumvented the rules by extremely dubious 'sponsorship' deals which are donations in all but name. It smacks of sour grapes from the big boys to go after Leicester and would be nit picky. The whole FFP thing is a fiasco.

Isn't that effectively what Leicester are under investigation for? Using this company-that-seemingly-doesn't-actually-exist to divert money from the owner back into the club under the guise of sponsorship deals.

 

[Tucker]

Isn't that effectively what Leicester are under investigation for? Using this company-that-seemingly-doesn't-actually-exist to divert money from the owner back into the club under the guise of sponsorship deals.

Precisely, it's nothing City haven't been doing. It's unpalatable yes, but let's not clutch at straws here in the hopes they get docked points.

 

[Spurger King]

 

[SargeantMeatCurtains]

Sure they seem to have broken the rules, but they've hardly been doped to the scale of the likes of city and Chelsea.

Mate, have you seen the transformation of Wes Morgan this season?

He went from being a fat, shit **** to a fat shit **** with a PL winner's medal.

 

[mpickard2087]

Except that this was two years ago, not 124. Fuck's sake.

Secondly, the Football League haven't only just discovered this. For a start David Conn was reporting on this same story over a year ago. Considering that Leicester's financial reports for the 2013/14 season were published on March 3rd 2015, this article three days later would suggest the Football League were very punctual in dealing with the matter.

http://www.theguardian.com/football/2015/mar/06/leicester-city-football-league-financial-fair-play

But it's utterly useless and irrelevant now seeing as Leicester have jumped into PL jurisdiction. Any investigation is of the 'stable door, horse bolted' variety.

 

[Everlasting Seconds]

To sum up, Tottenham isn't winning this season because Leicester won promotion in a financially unfair way 2 seasons ago, and they can't be punished for it.
Sounds just about right.

 

[have_it]

To sum up, Tottenham isn't winning this season because Leicester won promotion in a financially unfair way 2 seasons ago, and they can't be punished for it.
Sounds just about right.

Spursy!

 

[have_it]

David Richards Jr on his printing company website has his likes as "Quality time with my family, work and our people and paper shredding – it’s satisfying for me and off putting for all the others!". I guess he's been doing a fair amount of paper shredding!

 

[Lilbaz]

Debt has nothing to do with ffp.

@Everlasting Seconds just curious why you disagreed with this?

Ffp doesn't say anything about the amount of debt a club has. It just deals with spending on wages and players against the revenue of the club.
Arsenal, Chelsea, Man Utd (and soon us) will be hundreds of millions in debt but will be perfectly within ffp rules.

 

[yankspurs]

Spursy!

Hahahah. We've actually managed to add new definitions of spursiness this season even though it hasnt been a typical spursy season. Very spursy.