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Leicester’s finances from promotion campaign still under investigation

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Leicester City is just three wins away from winning the 2015-16 Premier League title but some questions remain about the last time they won a trophy.

In 2013-14 the Foxes won the English Championship, the second-tier, but the Football League has asked for more information regarding finances and is still investigating their promotion season.

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If Leicester is found guilty of breaking the Football League’s financial fair play rules (FFP) it wouldn’t impact their last two PL seasons but it could involve paying a hefty fine to the Football League authorities.

But only if they are relegated back to the Football League. The Premier League currently does not have FFP rules but the issue could become tricky with Leicester entering the UEFA Champions League next season. That means they will have to comply with their FFP rules and will likely mean King Power will no longer be their sponsor and another company, paying much more, will take over the rights.

[ MORE: Leicester tickets selling for $22,000

In the past Paris Saint-Germain’s owners, Qatari Sports Investments, sold their sponsorship rights for double the market value and were subsequently fined, plus had wages, transfer activity and squad restrictions placed on them by UEFA.

The clubs owner, billionaire Thai businessman Vichai Srivaddhanaprabha, also owns King Power, a duty-free company from Thailand. He bought Leicester in 2010 and helped them reach the PL where they’ve been for the last two seasons.

So, what’s all this about?

It all relates to a deal which saw Leicester sell their sponsorship rights to a company, who then sold the rights back to their Thai owners. The deal with a newly formed company called Trestellar Ltd — which has no phone number, is registered to a trading estate in Sheffield and has links to Sir Dave Richards who is closely connected with Leicester’s Thai owners — happened in January 2014 and Leicester say it was to market the club in the UK and south-east Asia.

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Almost overnight an extra $16 million was made from this deal and it reduced Leicester’s losses from the previous season, meaning they complied with the Football League’s financial fair play rules. According to Leicester’s financial records for 2014-15, Trestellar sold the sponsorship rights for the stadium and the players’ shirts to King Power, the company Leicester’s owner also owns. King Power also owned those sponsorship rights before the deal with Trestellar was made.

The strange nature of this deal has been questioned by other clubs in England’s second-tier who are said to be furious that Leicester may have found a loophole in order to met financial fair play rules and spend more money on player wages without sanctions.

[ MORE: Van Gaal’s future remains unclear

The rule states that if a company the clubs owner also owns sponsors the club, they cannot spend much more on a sponsorship deal compared to the next offer. Due to Leicester being a Championship club when the deal was struck, huge sponsorship deals weren’t exactly pouring in and their rival clubs were getting paid significantly less than them in terms of shirt and stadium sponsorship deals.

David Conn from the Guardian published a piece on Tuesday which looks at exactly why the Foxes finances are under scrutiny.

Below is an extract from Conn’s piece:

The investigation centres on a deal Leicester say they did in January 2014 with a company called Trestellar Ltd, to market the club in the UK and south-east Asia. That deal immediately produced an apparent £11m increase in Leicester’s sponsorship and commercial income, reducing the club’s loss from £34m the previous year. In the club’s most recent accounts, for 2014-15, Leicester say Trestellar sold the club’s main sponsorships – the name on the players’ shirts and the stadium – to King Power, the club’s owners.

The Thai owners were already sponsoring the shirt and stadium before the Trestellar deal; in 2012-13 Leicester’s sponsorship and other commercial income was £5.2m. After the Trestellar deal, with King Power still holding the same main sponsorships, the income immediately jumped to £16m.

That substantially reduced Leicester’s loss, which was otherwise likely to have resulted in a large fine under the Football League’s then new financial fair play rules by which all clubs agreed to cap losses at £8m to try to reduce excessive spending on players’ wages. Losses under FFP rules are not reduced by a club owner paying money to the club, or by doing so via sponsorship, if the amount paid is clearly inflated beyond market value.

Leicester still say Trestellar paid the club for the rights to market their brand, then sold the sponsorships to the owners. The resulting smaller loss – £21m in 2013-14, including expenses clubs are allowed to offset – meant Leicester argue they complied with FFP rules and no sanction should be applied. Some other clubs are furious, arguing they reduced spending on players to comply with the rules while Leicester overspent on players’ wages, achieved promotion and have since resisted any sanctions.

While Conn also spoke to several chairman and owners of second-tier teams, who all wanted to remain anonymous until the investigation was concluded, but one had a pretty damning statement on Leicester’s financial activities.

“What Leicester did looks like financial doping by the owners, while other clubs were complying with the rules we all agreed.”

Tottenham – Newcastle United: How to watch, start time, prediction, odds

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Tottenham – Newcastle United: Can Newcastle United score an upset against travel-weary Tottenham Hotspur in North London on Sunday (Watch live at 9 am ET Sunday on NBCSN and online via NBCSports.com)?

Spurs have gone from London to Bulgaria to Southampton to Macedonia and are now back in London for Sunday’s match-up with a Newcastle team that surprised them at Tottenham Hotspur Stadium a little over a year ago.

[ MORE: How to watch PL in the USA ]  

Spurs bent Shkendija in Europa League play on Thursday, with Heung-min Son posting a goal and two assists over 90 minutes. Harry Kane and Giovani Lo Celso came off the bench in what could be a sign of Jose Mourinho’s intent for Sunday.

Newcastle has been off since Wednesday’s 7-0 demolition of 10-man League Two side Morecambe in the League Cup. Steve Bruce did the trick without fitness-question Allan Saint-Maximin as well as rested Jonjo Shelvey and Callum Wilson.

STREAM TOTTENHAM – NEWCASTLE UNITED LIVE

Here is everything you need to know ahead of Tottenham – Newcastle United this Sunday with team news, odds, stream link and more.


Team news: Tottenham – Newcastle United (INJURY REPORT)

Tottenham Hotspur – QUESTIONABLE: Sergio Reguilon (ankle) | OUT: Gareth Bale (knee), Japhet Tanganga (thigh)

Newcastle United – QUESTIONABLE: Allan Saint-Maximin (ankle), Jamal Lewis (eye) | OUT: Matty Longstaff (thigh), Martin Dubravka (ankle), Fabian Schar (shoulder), Paul Dummett (thigh), Dwight Gayle (knee)


What they’re saying: Tottenham – Newcastle United

Spurs boss Jose Mourinho on Tanguy Ndombele’s 90 minutes versus Shkendija: “He played very well. Of course in a game where I can imagine our percentage of ball possession was very, very high and our percentage is high he feels obviously much more comfortable. However, even without the ball he had recovery, he had duels, he had defensive transition. It was a really positive game from Tanguy, really happy.

Newcastle’s Steve Bruce on meeting Spurs: “We can’t think we can go and play against the top teams and match them just in a game of football. We have to do something different, tactically. We did it well against the top teams last year. Let’s hope we can do the same again this year.”


Odds and ends (full odds provided by our partner, PointsBet)

Newcastle United is not expected to get anything out of this, +600 to win and +360 to take a point compared to Tottenham’s -225 to win.

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Prediction: Tottenham – Newcastle United

The Magpies can take some hope from Palace’s consecutive wins away to Manchester United, but Spurs should deliver the goods. Questions about Saint-Maximin’s fitness even if he does play ask even more, as does the fact that Steve Bruce has been keeping Miguel Almiron on the bench to start matches. Throw in Bruce versus Mourinho and it’s safe to expect Spurs to overcome their travel-weary legs and post a 3-1 win.


How to watch Tottenham – Newcastle United stream and start time

Kickoff: 9 am ET Sunday
Online: Stream via NBCSports.com

Serie A: Inter win 7-goal thriller with 87th, 89th-minute goals (video)

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A roundup of all of Saturday’s results in Serie A, where Inter Milan scored twice in the final five minutes of regular time to beat Fiorentina 4-3…

[ MORE: Transfer news: Rice in, Jorginho out at Chelsea; Skriniar to Spurs ]

Inter Milan 4-3 Fiorentina

This is your weekly reminder that Serie A remains the most underrated, insane top-flight league in the world — particularly in the last-game-of-the-day time slot, at 2:45 pm ET. Seven-goal thrillers capped off by a late goal, or two, are more of the rule than an exception.

Anyway, Inter Milan’s title dreams looked set to begin with a home defeat to last season’s 10th-place finishers until Romelu Lukaku and Danilo D’Ambrosio scored an 87th-minute equalizer and an 89th-minute winner, respectively.

Inter started in a hole, down 1-0 after just three minutes. Lautaro Martinez pulled Antonio Conte’s side level in first-half stoppage time, but it was hardly an ideal start to the season. Federico Ceccherini put the ball into his own net in the 52nd minute to put Inter ahead.

The lead lasted just five minutes and just as quickly turned into a deficit, as Gaetano Castrovilli and Federico Chiesa bagged goals in the 57th and 63rd minutes. That, of course, only served to set the stage for the end-of-game heroics.

Torino 2-4 Atalanta

Saturday’s other thriller only featured six goals, though it still proved to be highly entertaining as well.

Andrea Belotti fired Torino ahead after 11 minutes, but Atalanta were level through Alejandro Gomez just two minutes later. Eight minutes after that, Luis Muriel put them 2-1 ahead. It was 3-1 in the 42nd minute, but Belotti scored again to make it 3-2 just a minute later. Marten de Roon restored a bit of breathing room and made it 4-2 with the game’s final goal in the 54th.

After finishing third, four points behind Inter and five behind champions Juventus, it’s a strong start for Gian Piero Gasperini’s side in 2020-21.

Other Serie A results

Sampdoria 2-3 Benevento
Cagliari 0-2 Lazio

Sunday’s Serie A schedule

Spezia v Sassuolo — 6:30 am ET
Hellas Verona v Udinese — 9 am ET
Crotone v AC Milan — 12 pm ET
Napoli v Genoa — 12 pm ET
Roma v Juventus — 2:45 pm ET

La Liga: Real Madrid steal late win against 10-man Betis

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A roundup of all of Saturday’s results in La Liga, where Real Madrid were quite fortunate to come out with three points…

[ MORE: Transfer news: Rice in, Jorginho out at Chelsea; Skriniar to Spurs ]

Real Betis 2-3 Real Madrid

Opposition own goal? Check. Opposition red card? Check. Late-game penalty kick? Also check. The defending La Liga champions needed all of that in a span of 35 minutes, and a bit more, to escape their trip to Betis with three points.

Things started off well for Zinedine Zidane’s side Federico Valverde put Los Blancos ahead after 14 minutes, with a little help from Karim Benzema. The 1-0 scoreline didn’t survive until halftime, though, and neither did the 1-1. Aissa Mandi and William Carvalho each scored two minutes apart for Betis just before the break.

Real Madrid got back to level terms three minutes after the restart, thanks to an own goal from Emerson. 20 minutes later, Emerson was shown a straight red card for denial of a goal-scoring opportunity. Things went from bad to worse for Betis in the 82nd minute, when Marc Bartra was deemed to have handled the ball inside the box following video review. Sergio Ramos stepped up and sealed the win with a delicate chip down the middle.

Full-blown crisis averted, for now, after drawing with Real Sociedad on the opening day of the season.

Valencia 1-1 Huesca

This season looks set to be a hugely difficult one for Valencia as the club endures untold financial hardship and looks to sell off as much of the first-team squad as possible in an attempt to balance the books.

Saturday’s draw with newly promoted Huesca was simply the latest chapter, of which there will be many, of struggle for Javi Gracia’s side.

Other La Liga results

Alaves 0-0 Getafe
Elche 0-3 Real Sociedad

Sunday’s La Liga schedule

Osasuna v Levante — 6 am ET
Eibar v Athletic Bilbao — 8 am ET
Atletico Madrid v Granada – 10 am ET
Cadiz v Sevilla — 12:30 pm ET
Real Valladolid v Celta Vigo — 12:30 pm ET
Barcelona v Villarreal — 3 pm ET

Fulham – Aston Villa: How to watch, start time, team news, prediction, odds

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Fulham – Aston Villa: How early is too early to call a game “must-win” in the Premier League? Perhaps we will find out on Monday (Watch live at 12:45 pm ET, online via Peacock), when bottom-of-the-table Fulham host Aston Villa at Craven Cottage.

FULHAM – ASTON VILLA STREAM LIVE

Scott Parker’s side has had a torrid start to life back in the PL — not at all dissimilar to the way their last stint ended — and find themselves with zero points and seven goals conceded after their first two games. Losing 3-0 to Arsenal on the opening day of the season wasn’t altogether surprising, but following that defeat with four more goals conceded to Leeds United last weekend will undoubtedly have done a number on the Cottagers’ confidence.

Villa, on the other hand, have played just once and secured a 1-0 victory over Sheffield United earlier this week. A win on Monday would see Dean Smith’s side start the season with back-to-back PL victories for the first time since the 1999-2000 season.

[ MORE: How to watch PL in the USA ]  

Here is everything you need to know ahead of Fulham – Aston Villa this Monday with team news, odds, stream link and more.


Team news: Fulham – Aston Villa (INJURY REPORT)

Fulham – No injuries or suspensions

Aston Villa – OUT: Bjorn Engels (thigh), Tom Heaton (knee), Wesley (knee), Ahmed Elmohamady (thigh)


What they’re saying: Fulham – Aston Villa

Scott Parker, on a “must-win” game: “I don’t see it as drastic as a must-win. We want to win. I know it’s either high or low in a drastic world, but we need to stay level and take realism of where we are in the campaign and where we are as a team. We will try everything we can to take some points and be up to the challenge. I don’t think we’re the only team at this present moment in time who have let in some goals in the first two games. It’s not ideal, of course not. Villa at home on Monday is a game we’re going to try to get three points.”

Dean Smith, on needing another signing: “We’re always looking in the market, we’re probably one short in the squad at the moment so we’ll keep looking at that. I think there’s seven days left until the window shuts internationally, another seven days domestically. Our sporting director at the moment has got his finger on the pulse, hopefully we might get one more in and maybe a couple more out.”


Odds and ends (full odds provided by our partner, PointsBet)

This one is just about a coin flip with Fulham (+185) ever so slight underdogs to Villa (+150). In a game that could go either way like this one, the draw (+225) might just be the safe middle ground.

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Prediction: Fulham – Aston Villa

There’s not much to separate these two sides right now, and there likely won’t be much ground between them come the season’s final table. There should be a few goals, but that’ll be more down to poor defending than excellent attacking quality from either side. Fulham 2-2 Villa.


How to watch Fulham – Aston Villa stream and start time

Kickoff: 12:45 pm ET Monday
Online: Stream via Peacock