Vestan Pance

On 07/06/2026 at 12:56, cropstonfox said:

This non renewal has given the fan base a freshen up with the opportunity for others to experience the ups and downs of football life.These people have been locked out for over ten years whilst the plastics became more and more entitled.

💙

 

How did the plastics manage to get season tickets if people have been locked out for over ten years?

50 minutes ago, Paninistickers said:

Sorry pal, but you're wrong on this. It's factoring. Invoice finance. 

 

We've basically sold the debt..

 

Businesses do that for cashflow issues. You are owed 100 quid and can't fanny about waiting for the client to pay, so you 'sell' the invoice for 90 quid to a bank. And additionally, you have to underwrite it (so as to avoid a business flogging a dodgy invoice to the factoring company where you know the client won't pay) 

 

You're gonna have to trust me on this. That's how it works. 

 

Technically yes we owe Macquirie the money because we have said, for example,.if Chelsea don't pay their bill - we will.

 

Point is, the money we owe to Macquirie is covered. Liquidity is the issue. Not Macquirie. 

Nope, I've run enough business to know the money is owed to a bank. Call it what you like the money is owed. It's a payday loan nothing more. 

1 minute ago, Paninistickers said:

We do and we don't. This has been discussed. 

 

The PL money and various transfer instalments owed to us go to them. We've basically guaranteed it, so technically yes, we owe them. In reality, it's only a problem if the PL or West Ham (Hermansen) or Stuttgart (Bilal) or Chelsea (KDH) go bust. 

 

So the Macquirie debts are basically irrelevant

I'm sorry but this is total nonsense, the debts to a bank are not irrelevant. The money has to be paid, where the money comes from is irrelevant. You said it yourself "technically yes" Leicester City owe the money, this agreement has nothing to do with West Ham or the Premier League.

21 minutes ago, Paninistickers said:

Mate, we don't really owe any serious money to 'banks' - if indeed any. 

 

It's liquidity that's the issue. Pay the staff. The players.  The taxman. Cutting the grass. Keeping the lights on (literally). And, perhaps most concerning, transfer fee instalments likely due on Bilal, Fatawu, Hermansen, Skipp, Stephy, Souttar, VK. 

 

Unless the owner has magically developed an IQ above SEN level and attracts 100m or so in cash, the club will be taken off him under insolvency laws representing the clubs and players and staff and taxman we can't pay. Not the banks. 

 

 

We owe Macquerie Bank and estimated £85m.

4 hours ago, davieG said:

"Loosing £2.30 per second.....how depressing"

1 hour ago, OnlyOneCity said:

What’s really sad is that so many want this to be a humiliation and embarrassment just to satisfy their hate for Top and Rudkin, and are happy for Leicester City and some of the title winning players, to be included in that scenario. Why do you keep carping on at and abusing those who want to acknowledge this event whilst venting your venom on anything to do with City. In this instance, you should be ashamed and embarrassed. Many have already stated that they no longer care for the club so why don’t those ex fans p…. Off and follow someone else.

 

Well maybe some of those title winners if they really care about the future of the club should be speaking up. Make no mistake the future of this club is in jeopardy and it no time to be back slapping.

I'd suggest those who say they don't care, really do, else why continue posting? It's common for people to disassociate themselves from failure, but we all know the truth that they care deeply for the club and it's survival.

Announce Balti Pies by the Prince of Punjab and I'm there.

38 minutes ago, mozartfox said:

So what is the value of the Club now in League 1?   Suspect our Debt ratio is higher than any new perceived value, so are we technically going into administration?  Rudkin has done a good number on us all. 

The club is effectively trading whilst insolvent, but as long as the directors continue to sign off the accounts, and the cashflow to meet the day to day bills is somehow found, then nothing will change.

The crunch comes when the debts aren't payed, which unless we see outside investment, or Top puts his mitt in his pocket, will happen soon.

Hard as nails - RIP Micky.

It's hard to believe he still hasn't been pinched by one of the big Premier League clubs. He's so good at his job, why would he want to be at a League One club? Come on Rudders put yourself first, and take that dream move back to the PL.

Cost us £10m over the 2 seasons, another masterstroke.

27 minutes ago, dmayne7 said:

 Things to tend to read very differently if you ignore a few key words.

 

But yeah, can't believe Barca, PSG or Juve didn't sign him when he did his ACL. What idiots.

But we did, four year contract on a reported £80k per week straight after the injury. Mugs.

This social media campaign to me shows that the attitude at the club will never change. A large part of us being relegated was due to having to play Ricardo and having no replacement. The reason can't afford a replacement is because we invite players like this to stay way too long on ridiculous wages. This club is soft as sh1t.

Good luck to him in whatever he does next because ultimately he's been a good pro, and it's not his fault idiots run our club.

1 hour ago, Sol thewall Bamba said:

HE'S A 20 FOOT COCK AND BALLS MAN

An inflatable love length👍

As someone who has been there since 1979, and had a season ticket right through, including the League One campaign, I take exception to the 'Plastic' tag, I'm so old I'd rather be called Bakelite.

Well done to the KP loyalists, it's reminiscent of mid 90s Galatasary tonight.

1 hour ago, Spudulike said:

How the "Glass Ceiling" has dismantled Leicester City…
In 2016, Leicester City did the impossible. They shattered the status quo of English football, proving that a "small" club could not only compete but conquer. 

However, ten years on from that historic title, the narrative has shifted from fairy tales to financial ruins. As the BBC recently detailed, the Foxes are facing a staggering decline—relegated from the Premier League in 2025 and now, in 2026, finding themselves confirmed for a drop into League One.

While official reports often point to "mismanagement," a deeper look suggests a more calculated culprit: the Profit and Sustainability Regulations (PSR). Far from being a tool for "stability," PSR has become a financial guillotine for any mid-sized club daring to challenge the elite.

The Cost of Ambition
The trap is simple and deadly. When a club like Leicester breaks into the top six or qualifies for Europe, they must invest to compete. You cannot fight on four fronts with a Championship-level squad. Leicester did what any ambitious club would do: they bought talent and offered competitive wages to sustain their presence at the top.
The reality for any non-"Big Six" club is that European qualification isn't guaranteed every year. Without the massive, recurring commercial revenue of global giants like Manchester United or Liverpool, a single season out of Europe becomes a financial catastrophe under PSR rules.

Leicester’s recent accounts tell the story: a £71.1m loss in their 2024-25 relegation season, following years of heavy spending to maintain their status. Because PSR limits losses to roughly £35m a year (averaged), the moment the European TV money stopped, the club was already in breach. They weren't being "reckless"; they were being ambitious in a system designed to punish it.

The "Glass Ceiling" Policy…
PSR was introduced shortly after Leicester’s 2016 triumph. It is hard not to see this as a defensive wall built by the established elite. By limiting spending to a percentage of revenue, the rules ensure that those with the highest turnover stay at the top.

If a club invests to "better themselves," they are labeled a financial risk. If they don't invest, they get relegated. It is a "heads they win, tails you lose" scenario for the authorities. Leicester is the primary evidence: a club that challenged the top table is now facing bankruptcy because they tried to stay in the fight.

The League One Nightmare…
Now, the situation is critical. Leicester is heading to League One, but the players remain on Premier League level wages—contracts signed when the club was fighting to maintain its top-flight status. With PSR scheduled to be introduced to League One next season, Leicester is effectively being forced into a corner where bankruptcy isn't just a fear; it's a mathematical probability.

The authorities have created a system where a club’s past success becomes the weight that sinks them. High-earning players who were assets in a Premier League campaign side are now "toxic liabilities" under current financial rules.

A New Way Forward: The Bond System…

If the goal were truly "financial stability" rather than "elite protection," there are better ways. Instead of arbitrary spending caps that favor the rich, the league should implement a Bond System.

Contractual Guarantees: Owners who wish to invest should be allowed to, provided they place the total value of a player's contract into a secure bond held by the league.

Safety Net: If a club is relegated or an owner leaves, the money is already there to cover the wages. This ensures players are paid and the club doesn't go bust, regardless of league status.

True Competition:This allows owners with the means—like King Power—to back their ambition without fear of a "points deduction" or forced fire sales.

Conclusion
The downfall of Leicester City is not a failure of the club; it is a success of a system designed to keep "The Other 14" in their place. PSR hasn't saved football; it has sterilized it. If the authorities truly want a sustainable future, they must stop punishing ambition and start implementing solutions that protect clubs without killing their dreams. 

Until then, Leicester stands as a grim warning: in modern football, if you fly too close to the sun, the Premier League will clip your wings!
 

That's not a great article. It doesn't factor in LCFC being a total basket case. I'd say PSR has been a factor, but a small one, it's certainly made our problems worse, but 90% of the reason for the mess is still in our boardroom.

He's the sort of man that wears a band t-shirt and posts that he's "repping" on Facebook🫣

My over riding feeling is one of worry for the majority of people working at the club who are on normal wages just doing their job well, they have played no part in this, but may suffer the consequences of the actions of a selfish few.

It's going to take the club going to the brink of existence before some of them even consider the well being and long term future of the club over being a super fan.

Same goes for some of the ridiculous expectations of those that are never happy with any performance ever.

55 minutes ago, Blue ROI said:

Has cliff ginetta delivered a 'back the lads, rally the troops' style statement yet?

No but I expect a "It's the fans fault" statement coming soon.

24 minutes ago, stripeyfox said:

don't care.

makes no difference to my life

 

Still got to go to work. still got bills to pay. Still got all the other crap to deal with

 

 

Yet here you are posting about it 😂