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Everything posted by HankMarvin
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No he wasn’t, we lost 3 consecutive games when he started and he managed one assist prior to him being dropped
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Not really, as Norwich better at home
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70m a year on stadium and infrastructure
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Isn’t that fee relative to if the club are already on parachute payments or a club that is coming up from championship money
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Release souttar on a free after 6months 17m 5 year deal? Probably on at least 50k he just just agrees to losing 12m plus contract?
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They lose 70m a year from infrastructure cost that’s exempt from FFP, money well spent when you are bringing revenue of 550m per year
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@st albans fox When you consider the players out the door that season, outgoings Kasper 7/8m per year Fofana 6m Perez maybe we covered wages Albrighton same as above Choudary “ Lookman returning to parent club Incoming Faes 4m? souttar 6months 2m Victor 6 months 2m Tete 6 months loan Praett 4m Smithie 1m At least 14m out Approx 13m in, Yet wages increased 24m Rodgers 2 years left “mutual agreement” was reported to have a 10m compensation clause The Daily Mail also suggests if Leicester do fire Rodgers, they would have to pay off the remaining years of his contract. There is no termination clause within the deal, unless Rodgers chooses to resign of his own volition. Don’t follow the women’s but are they well paid now with better players coming in?
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It seems we have form 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. Leicester’s 2013-14 accounts state they spent £36m on players’ wages, £5m more than the club’s entire income – the goalkeeper Kasper Schmeichel, the captain Wes Morgan, the prolific striker Jamie Vardy and other core players were already on the payroll then – although Leicester said £9.4m comprised bonuses paid on promotion. During the season, in January 2014, Leicester signed Riyad Mahrez from Le Havre for a reported £560,000, and the Algeria midfielder has since been instrumental in Leicester’s promotion and remarkable Premier League turnaround. Trestellar, the company which produced this immediate increase in sponsorship and commercial income – vast for a Championship club – was a newly formed company. It was set up on a Sheffield trading estate by the son and daughter of Sir Dave Richards, a former Premier League chairman. Richards had close links to Leicester’s Thai owners (his Thai football contacts also include having become acquainted with the country’s ousted prime minister, Thaksin Shinawatra, who became Manchester City’s owner in 2007). https://amp.theguardian.com/football/2016/apr/11/leicester-city-finances-football-league-financial-fair-play-investigation
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Reinvested in a Soumare mk2 maybe
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Isn’t this a little to do with PSR as well “However, what makes this slightly more complex is that £90m of the £105m must be covered by “secure funding” from a club’s owners. Secure funding is essentially “buying up more shares”, rather than an owner simply lending their club money”
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Well that will depend on player sales the 90m losses last season partly consisted of player sales 104m including JM purchases 53m difference + 51m this season 44m purchases 66m in sales difference + 22m so straight away there is 29m worse off
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Fee divided by contract length +4m
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BBC says fofana and Maddison was on that year, so just barnes sold so far
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If the last 3 seasons of losses amass to 215m that includes a Covid year ( losses 30m) that will have rolled off so based on the last 2 prem seasons 90 odd million each plus a season in the champ at the same rate (90m) would be 270m allowed losses 3 year period 87m
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I think there will be something in place to stop teams repeatedly exploiting it, ie second offence treated with more severity.
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Missed ward
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I’m saying with what we are experiencing now, it’s coming again next year with more stringent term imposed. The club knew this 12 months ago but still bought all the additional players for this season lots of high paid players sitting around. When financially you are in meltdown
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You just said we haven’t tried to get good players? We have signed dross. my point was you don’t just spend 200m and get good players
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Think they will be ok for a while they keep hoovering up wonderkids they don’t even hide it
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How do you make sure you get good players, case in point Daka. Highly rated
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Slow growth along with extending stadium, increase revenue streams as much as possible. The squad has been bloated for years with a lot of dead wood, these billionaires are meant to employ the best people available, financial forecasts etc even the spending this year on the back of these accounts is crazy. Was Cody needed? Mads been good but could Iversen done a job for a season. Keeping Nacho? Harry Souttar sitting on arse for a year
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That’s the same logic that got us where we are now
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Even if FSR comes into play in benefits the bigger clubs with higher revenue. Leagues and spending will be top heavy.
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It’s not sustainable though because how many of those years were inflated by individual player sales. Sooner or later there was going to be talent that wasn’t sold for as much money
