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Everything posted by wurmer
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They’ll still be saying they’re amazing even if we end up in L2
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He’s not interested and certainly not running it. He’s leaving that to Rudkin (who isn’t even the CEO).
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He's going nowhere, the only way he goes is if Top goes.
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https://www.facebook.com/share/p/17d1VJuTVm/?mibextid=wwXIfr some of the comments on here… shows what a fkin bunch of muppets some of our fans are
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Couldn’t care less. We’ve got bigger problems to deal with than who manages us.
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See you on the other side folks.
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So, has our esteemed nepo-baby actually turned up?
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Relegation, League 1, financial implications
wurmer replied to splinterdream's topic in Leicester City Forum
I'd have Jimmy Saville backed up by Rolf Harris as DOF over this lot -
King Power first, then Rudkin and the rest of the board.
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Genuinely - it started when the helicopter went down. Has just gained momentum over the intervening years.
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“Foxes never quit” sick of hearing that shit - those days are over and have been for a long time.
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But the cost of borrowing more goes up as the financial markets see the risk of getting their money back as a higher risk, which increases interest payments, which increases deficit, etc etc etc.
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At least if we went first, we'd be able to escape this fecked up world early on in the game!
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You build 'dem drones?
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There's a common theme with all of these men too... They are all c**ts
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The one thing that is constant with Starmer is that he hasn't really changed at all. He was completely ineffective in opposition and is proving to be so in government. I'm not sure what people expected when they voted for his party (and by inference for him).
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The biggest issue is that Top is an absolute cretinous moron. Rudkin is useless but he's being enabled by a more useless owner who actually doesn't really care that much about the club now. So Rudkin is allowed to continue, and will be allowed to continue. It's not in Rudkin's interests to see someone else at the club, so he'll keep kissing ass and keeping the one person who enables him happy. He doesn't give a shit about the club either. It's that simple - it's not exactly unique to our club either, it happens in businesses everywhere....
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That’s because our owner is an absolute cretin.
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Relegation, League 1, financial implications
wurmer replied to splinterdream's topic in Leicester City Forum
My brain fart - Fatawu, Mavididi, Wout Faes, Kristiansen, etc. Was thinking about the loans already secured on Hermansen's sale! -
Relegation, League 1, financial implications
wurmer replied to splinterdream's topic in Leicester City Forum
You are spot on with the EFL rulebook formula, but you’re it's not as simple: i.e. allowance vs actual cash-in-the-bank/cashflow. Yes, that is exactly how the SCMP limit is calculated. But having a high spending limit doesn't matter if our bank accounts are empty. Here is the brutal reality of how those three pillars actually look for us right now: 1. 75% of Turnover (The Parachute Trap) Because we get a Year 2 Parachute Payment, our "turnover" on paper looks okay. But we’ve already spent it. We took out massive commercial loans (like the ones from Macquarie Bank) to survive the Championship, and those loans are secured against our future parachute payments. So yes, the EFL might say "your turnover gives you a £30m wage allowance," but the actual cash from that parachute payment goes straight to the bank to service our debt, not to paying League One wages. You can’t pay a striker with an SCMP allowance; you need cash. 2. ‘Allowable’ Equity Injection You’re assuming Top can and will just pump in "whatever equity" to boost the budget. That ignores what’s happening in the real world. King Power’s duty-free empire has been battered post-pandemic, and they’ve been going through a massive restructure in Thailand. The days of Top writing £50m-£100m blank cheques to bail us out are most likely over. Even if he wanted to, the EFL recently tightened the rules (2024) on how much owner equity can actually be counted to stop financial doping. 3. Player Trading Income (The Fire Sale) You are right that selling players boosts our allowance. But to get that "player sale profit," we have to absolutely gut the squad. We will have to fire-sale Hermansen, Fatawu, Ndidi, and anyone else with a pulse just to legally balance the books. TLDR: The SCMP formula doesn't save us. It just outlines the exact mathematical parameters of the fire sale we are about to endure. The EFL gives us a credit limit, but Macquarie Bank has already taken the credit card. -
Relegation, League 1, financial implications
wurmer replied to splinterdream's topic in Leicester City Forum
There is no chance we will meet that. -
Relegation, League 1, financial implications
wurmer replied to splinterdream's topic in Leicester City Forum
We’ve already borrowed against the parachute payment. -
Plenty there, clapping away like the brainless sealions they are.
