Globalfox

7 hours ago, The Year Of The Fox said:

Maguire states it’s likely because the owner doesn’t want to chuck in any more cash 

Under the new rules even owner loans have to include market rate interest so why use your own money when you can use a banks. Large businesses do this daily it’s normal.

6 hours ago, CosbehFox said:

Already on it Global.
 

But it’s been hard to do it from a standing stop, especially when the views on the trust / fan groups are one of great mistrust and almost anger towards them and other factors. 
 

Im sure we were at the same FCC together and I’ve been talking to Alli from LCFC in the community ever since then. I’m there next week as we are nearly ready to go on a community project. 
 

I’ve wanted to do a Town Hall project with an open forum (but closed debate - cos the way people are with each other at the moment).

I’ve wanted to have us in the Fanzone to bring gets discussion going but the club haven’t been as responsive as I’d hoped. So we are onto Plan B with that 

Totally onboard let’s push the presence at the fa zone at next weeks FCC I have supported this. I have been doing independent sessions  with up to 50 attendees to generate feedback and been working issues with the club. I am discussing a list of supporter issues with the club before the FCC meeting starts.

I have a wild idea why not have face to face events and consult the members, discuss paths forward, build a supporting community, give people reasons to join like  other trusts do. I I do not mean the borefest of the AGM.

Just extending the overdraft facility and yes assumes we are not going anywhere this year but only a fool thought we would. We like to hope but reality was always we would not. Next season hope starts again.

49 minutes ago, CornwallFox said:

They were borrowed so that parachute payments would pay them off weren't they? 

And TV money in years where we borrowed against the TV money.

Charges are

money owed by West Ham so owed by them

money owed by Sheffield Utd so owed by them

money owed by Leeds so owed by them

money owed by Ipswich so owed by them

money owed by Chelsea so owed by them

money owed by the EPL parachute payments owed by them

money owed from EPL central fund ( not basic award funds)

these are all debts by others who could not pay cash and pay over time that we took cash up front for 6% fee. This covers expensive EPL contracts when revenue drops in the EFL. That is exactly why parachute payments exist.

then there is a floating charge unspecified amount that is like any overdraft facility.

as stated before football cash flow is in arrears so we finance. We can then pay on time especially people such as HMRC which is what tends to sink clubs. If we continue to reduce the wage bill we will be fine. More big earners vestergaard,Choudray, winks etc need to go.

don’t take this as defending management just stating it’s not all doom and gloom. What really needs to happen is a rule you must pay the lot immediately. Chelsea owe us 10 million for a player they no longer own. It’s a stupid business model that could collapse if TV money fell off.

The latter part of this thread raises the question what do supporters really want. Relative comfort in the EPL but have never won anything like Brighton or have a punt go for broke win something and then suffer for it. Would you be a West Ham fan who seems to trade success for entertaining football. What we did in 2016 followed by the FA Cup and European nights will never be repeated by a club of our size ever again. Forest may build a 50000 stadium but will they fill it? Even Villa struggle in the second city. Newcastle have been castrated in ambitions. I would love to see Wrexham make it just to watch the politics and rules take hold and see how they deal with it. The new EPL spending rules finish ambition forever as the big six get bigger and the gap widens. What do Leicester fans really want to see now because I fear we had our moment in the sun.

5 hours ago, Chelmofox said:

Surely its cheaper for the EPL/PL just to dump the whole thing, give Forest / Everton their points back (and additional prize money they lost) and just let the teams regulate themselves. PSR hasnt stopped Sheffield Wednesday going into administration, and Man City aren't going to get any penalties as they will throw all the money they have defending their position, racking up additional costs for the PL. 

you would think so the EPL has spent reportedly 70 million on legal fees which impacts distributions to clubs. The EPL and EFLneed to be investigated by the competitions commission for anti competitive business practices.

2 hours ago, ClaphamFox said:

I was curious so I checked. Everton's first PSR hearing was held between 16-20 October 2023 and their initial 10-point deduction was handed out on 17 November—exactly four weeks after the hearing concluded. Everton's second PSR hearing was held between 25-27 March 2024 and their punishment was announced on 8 April, around two weeks later.

 

Forest's hearing was held between 7-8 March 2024 and their four-point deduction was announced on 18 March, 10 days later.

 

Our hearing concluded seven weeks ago and we still haven't heard the outcome. Now obviously we've had Christmas and New Year during that time, which may account for some of the delay. But I don't think it can account for all of it. Is our case proving to be more complicated than the others? Are there complex legal discussions taking place over the wording of the rules and therefore the appropriate punishment? I have no idea but I'm interested to know why the verdict in our case is taking much longer to arrive than in previous cases.

There are a number of critical differences 1) both Everton and Forest pleaded guilty to the charges so the hearing was only hearing mitigation evidence 2) both of the referenced hearings were before Leicester City had claimed rules were wrong and had commissions twice agree 3) Leicester have always pleaded not guilty and robustly defended charges winning twice 4) the referenced cases were before Man City and the vast resources being consumed to fight that battle. Man City alone is 90000+ pages of evidence. The EPL and the EFL staff are incompetent consuming vast time on arguments over points of contract and legal vulnerability and poor record keeping. Hence it’s slow.

No extension too costly does not add enough

Look on the Ausden Clark website it used to be on there.

1 hour ago, VLC86 said:

We had an attendance of about 15000 the other day, attendances have been sliding for the past 3 seasons as have the club down the divisions. Is it really needed?

 

I’m not seeing diggers on the ground, it seems pretty obvious this is on hold. That said, I suppose the only question left unanswered for me is whether our lack of spending on anything is purely driven by our ridiculous wage bill and the debts to Maquary, or when that is all sorted will we see any investment. I do think I know the answer though.

On 05/01/2026 at 14:24, Foxes1 said:

No not yet

Yes and many others as well that I spoke with last night.

11 hours ago, Spiritwalker said:

We must be top of the ambling stats.

Very true I used to think it was Soumare was terrible for this but Monga last night on multiple occasions not striding out to support a forward movement. Ben Nelson makes more striding forward runs these days. This one is down to the coaching staff low work rate has been a Leicester feature now for a long time the exact opposite of what won us the PL title. 

39 minutes ago, pkonline said:

Our development isn't happening anytime soon - since they plans were unveiled so much has happened on and off the pitch - we aren't the club we were. They haven't announced it's been shelved that because it's not positive news. They'll just assume people forget about.

The bigger development is dead as the new PSR rules would not let you count revenue from a hotel and arena.

Looks like the club is joining in the boycott my digital tickets just updated for a game on January 11th wiping out tonight’s ticket. Anyone else seeing this issue?

Michael here’s the deal 500 a game when you play, 1000 a goal and you can sleep at Seagrave when you want to. Deal OK no oh well them goodbye.

Check your health situation the nearest A&E is Leicester. Check doctors and availability of appointments time. Dentists, school places and standards. There is little to no decent employment opportunities so need to commute or work from home. Great area for country pursuits limited for teenagers. Bus to city home games nothing for away currently. Market days can be good, train service can be iffy as it’s cross country. Forget taxis non existent. Some good pubs around.

47 minutes ago, jack-lcfc said:

I really hope your 40000 went straight to Harry winks bank for 3 days pay 😎

Now there is a worthy cause to boycott with demonstrations outside his home to drive him into a deep hole. That’s something I can support.

35 minutes ago, AjcW said:

Our confirmation statement is currently a month overdue on companies house.

 

Literally a two page document that has to say "I confirm all information held by companies house is up to date and correct"

 

Overdue.....

 

 

This is a real concern because it takes 5 minutes to complete and submit (I know I do it for my companies) the only reason not to do it is if there is concern that information is not correct. This is something the company secretary should be on top of.

56 minutes ago, Blue.Fox84 said:

People are trying to suggest that ‘boycotting’ isn’t supporting the club/players 

 

Anyone boycotting could still arrive at the ground but not enter the turnstiles. Make noise outside through the game, banners etc 

To be fair this group of players don’t deserve supporting their boycott started over a year ago. I support the club and the heritage, shite people transit through. It’s just that right now we have shite running through the whole assembly.

Said it before there is no core strength in any of our players and Thomas just exemplified it. We are collectively the weakest bunch of footballers I have ever witnessed. It’s a club thing the academy etc are all the same.

24 minutes ago, CosbehFox said:

For everyone’s context 

 

https://find-and-update.company-information.service.gov.uk/company/07790076/filing-history

 

The foundation has £729k sitting in its accounts - obviously this might have changed now but it’s some extraordinary amount of money for a charity to hold at any one point 

 

 

You are correct but there is missing context. This is 2024 accounts and there were no donations in w023 but 500k in the 2024 accounts which came in shortly before the end of the accounting period. Hence little time to disburse. It is not unusual for Amy charity (I sit on a number of them) to hold reserves to smooth out lumpy donation incomes. In the past the Vichai foundation has funded sizable one off projects rather than lots of dribble support. With Birch as a trustee I would not see this as an issue. We have issues but not sure the Foundation is one of them.

11 hours ago, CosbehFox said:

The madness is that the scenario is salvageable. There are companies like Pukka Pies who are local and could service an order like this. 
 

So what is it? Incompetence, finances or both? 
 

Either way, rumour is a big player on cash flow 

I can believe this the new caterer is a mess. Watford 30 minutes before kick off they again were short of food in hospitality running between lounges to scrounge unused servings. The new shared profits thing has seen everything trimmed.

5 hours ago, ACF said:

Missing out on a parachute payment because we’re getting a full Premier League payment is apparently bad!

Time is not our friend as cash flow in football is horrible. If promoted we would see no EPL money until May 2027. We would have failed PSR again unless we invested nothing in the squad. Under new EPL rules our investment is restricted. Losing heavily every week again and being relegated is going to further erode the paying fan base. More factoring with the banks cannot continue. We need a pause and stabalise.