Llyrap
Player Valuation: £2.5m
I know people are keen on the double jeopardy argument but it doesn't hold water. Every year we have to be compliant over a three year period. That means that wherever we are in a financial year we have to tailor our finances to ensure that we are complaint within that season. We were not in breach in the two years before 2022 as the breach is not based on a single year.
The Appeal board made it clear that
a) we knew that the PSR calculations we gave were wrong and accordingly we knew that we were £20 million over. Rabinowitz described it as a "pitch".
b) the minimum points deduction for the breach was 6 points.
Our losses for PSR appear to be £55 million and £10 million. That means that our losses for 2023 season would have to be less than £40 million. Clearly the Premier League do not think that this is the case.
We are therefore at risk of a further 6 points although this penalty and a) above will be aggravating features.
Lets hope therefore that
1) We are not in breach.
2) It is small.
3) That we are at least 6-9 above the relegation zone at the end of the season.
The Appeal board made it clear that
a) we knew that the PSR calculations we gave were wrong and accordingly we knew that we were £20 million over. Rabinowitz described it as a "pitch".
b) the minimum points deduction for the breach was 6 points.
Our losses for PSR appear to be £55 million and £10 million. That means that our losses for 2023 season would have to be less than £40 million. Clearly the Premier League do not think that this is the case.
We are therefore at risk of a further 6 points although this penalty and a) above will be aggravating features.
Lets hope therefore that
1) We are not in breach.
2) It is small.
3) That we are at least 6-9 above the relegation zone at the end of the season.