A top source for insider information on Leicester City Football Club has made some interesting and particularly believable revelations about the East Midlands outfit. And, as I say, this person and the details offered are definitely trustworthy judging by past reports and reputation of journalist and the outlet he represents.
First of all, the writer illuminated the situation surrounding LCFC's troubled and failed Profit and Sustainability parameters. Basically this is an explanation as to why City managed to make a complete mess of their footballing finances. Believe you me, City supporters won't be pleased; many of them also predicted the situation.
In addition to talking PSR problems at King Power Stadium, Rob Tanner and The Athletic have more for Leicester's Blue Army fan base. The reporter outlines exactly why the propsed stadium expansion on Filbert Way was shelved. As a matter of fact if you didn't know, City were granted permission to construct or develop from the city Council for a long time now.
Top Leicester City source explains why Foxes botched Profit and Sustainability rules
OK, we have two fascinating Foxes stories for you today, so let's get going. Firstly, let's cover PSRs. What they are isn't that complicated: it 'limits' teams to £105 million losses 'over a three-year period'.
But City allegedly broke the provided regulations. They angered the Premier League by winning one court case. The division, as well as Championship bosses, appear to desire revenge. Tanner's foreseeable comments are below:
"Leicester’s decline has been exacerbated by the crippling spectre of Profitability and Sustainability Rules (PSR) caused by their once ambitious spending under Brendan Rodgers."Rob Tanner, The Athletic
The reason stadium work never began
Again, money (and appropriate managerial and athletic recruitment) is at the route of most of the issues facing the East Midlanders. However, the ostensible reason for KPS to remain as it is was slightly more intricate.
"The shock of relegation in 2023, with a team including James Maddison, Harvey Barnes, Youri Tielemans and Jamie Vardy, meant plans to redevelop land around the King Power Stadium were shelved"The Athletic
Essentially, the somewhat unforeseeable 2023 relegation meant expansion plans were put on hold, apparently for the time being. Yet that was over two years ago!