Club Finances

[PAULCFC]

2 minutes ago, Claudio Fannieri said:

Forget PSR bollox and allowable losses etc etc, as a business over the last 4 accounting periods we have lost £275m or on average £5.72m per month or £1.3m per week or nearly £200k per day ……. At what stage do the KPFC supporters wake up and see the financial abyss we face, the fact that those loses have presided in us gong from 8th in the premier league and a European semi final to the verge of league one. 
 

We have learnt nothing, last season we literally burnt money whilst mainly investing in bang average players and woeful managers whilst barely landing a punch on the premier league. 
 

The people who have managed this decline which includes our first ever pointe deduction haven’t paid the price with their jobs no instead they have been promoted. 
 

I repeat that our financial position is untenable and unsustainable, our cash position has worsened by over £2.5m in a season where we are in the top flight, so what will it look like after this season when match day and TV revenue has reduced significantly. 
 

We are in dire straits and is anyone comes on here defending or in denial as to the seriousness of our plight are deluded, naive and have little or no appreciation of business or finance. 
 

if we go down we will be in administration within 12 months, if we stay up without promotion we will be the same within 2 years and that is me being very positive . 

I've seen the figures today and that is just for one season if i'm correct? So how much are we in debt in the real world(going back over the years?).........sorry if this a stupid question!

[fazzyfox]

2 hours ago, Tommy G said:

Seagrave still on the books at full value which is nicely propping up the balance sheet 

What about the depreciation from:-

 

Broken windows behind Daka's and Ayews shooting practice goal.

 

Vestergaards dog scratching the carpets.

 

Vestergaard damaging ceiling light fittings.

 

Physio room equipment overused and needs replacing.

 

Managers office being refitted with a revolving door.

 

Cyro-chamber thingymajig - faulty lock, instead of the reccomended 4 minutes Souttar has been stuck in there about 2 1/2 years.

 

Pool tables and cues  - completely worn out

 

Golf Course - Has a couple of annoying irremovable divots on it  - Ayew and Decordova-Reid 

[David Hankey]

We seem to hemorrhage money like we do points.

[Claudio Fannieri]

5 minutes ago, PAULCFC said:

I've seen the figures today and that is just for one season if i'm correct? So how much are we in debt in the real world(going back over the years?).........sorry if this a stupid question!

 

Simple Debt Summary courtesy of AI

• Total owed (liabilities): ~£286m
• Cash in bank: ~£4.5m

So in basic terms:

The club owes a lot more than it has available in cash

 

What that actually means

• Around £76m is longer-term loans (banks/financing)
• The rest is:
  • transfer fees owed to other clubs
  • short-term obligations
  • general running costs

 

It’s not all “bank debt”, but it’s all money that still needs paying.

 

Important context

• The owners have already:
  • written off £124m of debt

Without that, the situation would look much worse.

 

Bottom line 

• The club is heavily in debt overall
• We have very little cash
• We are being kept stable by the owners and ongoing funding

 

One sentence summary

Leicester City owes hundreds of millions, has very little cash, and relies on its owners to keep things running.

 

Hope this helps 

[AKCJ]

How is the club confident they're not going to breach again? Considering we've had to sack two managers and haven't sold anyone. What a ****ing shambles.

[Terraloon]

2 hours ago, DJ Barry Hammond said:

I’m not sure that’s any comfort, given the basket cases these clubs are.

 

But football finance in general is in a mess, lots of clubs with wages in excess of 100% of turnover… and this includes plenty of clubs doing relatively nothing in their respective divisions.

 

The main thing I’d welcome from the accounts is our wages to revenue figure of around 80% - that’s the requirement for clubs not in European competition under the new rules in the Premier League next season; and whilst we’re obviously not going to be there ourselves, it’s the right sort of level to aim for regardless.

 

The other thing that should give us some cause for optimism - the investment in our academy and Seagrave is pointing towards paying significant dividends in the near future, both in reduced player outlay and transfer fees receivable.

The 80% isn’t just wages . You also have to add on amortisation/ impairment and agent fees. 

[Fox85]

The shameful happy clappers we still say be careful what you wish for. They are the absolute venom of the club!

[PAULCFC]

3 minutes ago, Claudio Fannieri said:

 

Simple Debt Summary courtesy of AI

• Total owed (liabilities): ~£286m
• Cash in bank: ~£4.5m

So in basic terms:

The club owes a lot more than it has available in cash

 

What that actually means

• Around £76m is longer-term loans (banks/financing)
• The rest is:
  • transfer fees owed to other clubs
  • short-term obligations
  • general running costs

 

It’s not all “bank debt”, but it’s all money that still needs paying.

 

Important context

• The owners have already:
  • written off £124m of debt

Without that, the situation would look much worse.

 

Bottom line 

• The club is heavily in debt overall
• We have very little cash
• We are being kept stable by the owners and ongoing funding

 

One sentence summary

Leicester City owes hundreds of millions, has very little cash, and relies on its owners to keep things running.

 

Hope this helps 

So looking at that.......Administraion is inevitable.Then once the adminstrators have a look through the books............well it don't need thinking about!

[Buzzell]

What do you expect when the club is ran by a bunch of delusional clowns?

 

The proof is there in black and white for everybody to see. These muppets upstairs have truly ran the club into the ground. We’re on a suicide mission to become a Sunday league side at this rate.

[Fox85]

Just now, Buzzell said:

What do you expect when the club is ran by a bunch of delusional clowns?

 

The proof is there in black and white for everybody to see. These muppets upstairs have truly ran the club into the ground. We’re on a suicide mission to become a Sunday league side at this rate.

Be careful what you wish for. We was in league 1 before we are leicester we shouldn't aim to be the best we always struggle and should accept it.

 

 

[Buzzell]

[Buzzell]

1 minute ago, Fox85 said:

Be careful what you wish for. We was in league 1 before we are leicester we shouldn't aim to be the best we always struggle and should accept it.

 

 

I wish for the club to be properly ran and to be competitive, and we’re getting neither. We’re in so much debt and **** all to show for it.

 

Ohh hold on we have the country’s best hotel to train at everyday…

[Mike Oxlong]

A hefty outlay for what has cumulatively been three seasons of failure. So our answer has been to not only retain but to promote the bloke who is primarily responsible. With that sort of decision making how is it possible to have any optimism for the future ? If you care about the club you can’t support this regime. 

[Dan]

I just can't waste any effort looking at when we'll be 'clear' or whatever because it's going to be the same people, who don't even see themselves as doing wrong, who are overseeing the whole thing. This is just normality now. I feel sorry for people who need this club as a bit of an escape because the chances of it actually being remotely enjoyable in the next three years at best are minuscule.

 

Consistent heavy losses and they actually promoted Rudkin. And you still have a decent number of our fans actually white-knighting them. What the **** is the way out of this?

Edited 27 March by Dan

[Pliskin]

We won’t be selling Fatawu for anything more that £15m and that would probably be too much. 

[Paninistickers]

4 minutes ago, Mike Oxlong said:

If you care about the club you can’t support this regime. 

Around 200 care enough to protest. 

 

Ok, there's always the silent majority. Especially in a meek, weak, beta, apologetic city/county such as Leicester..

 

But 200? From say, around 55000  supporters 

[Mike Oxlong]

2 minutes ago, Paninistickers said:

Around 200 care enough to protest. 

 

Ok, there's always the silent majority. Especially in a meek, weak, beta, apologetic city/county such as Leicester..

 

But 200? From say, around 55000  supporters 

Apathy is the overwhelming emotion amongst most atm in my opinion. 

 

Apathy is more harmful than anger as the angry fans still care.

 

The apathetic fans will be harder to win back. 

Edited 27 March by Mike Oxlong

[VLC86]

1 minute ago, Dan said:

I just can't waste any effort looking at when we'll be 'clear' or whatever because it's going to be the same people, who don't even see themselves as doing wrong, who are overseeing the whole thing. This is just normality now. I feel sorry for people who need this club as a bit of an escape because the chances of it actually being remotely enjoyable in the next three years at best are minuscule.

 

Consistent heavy losses and they actually promoted Rudkin. And you still have a decent number of our fans actually white-knighting them. What the **** is the way out of this?

In my mind the way out relies on pure luck. Like you say, the next three seasons (at least) are going to be woeful. Regardless of the division, our squad will be youngsters not good enough and gamble free signings. The luck part, is if a few of them free signings are gems and/or some of the youngsters come good which buys us enough time to stay in the division before we can rebuild.

 

Realistically, I think it’s points deductions and relegations triggering further points deductions and potential relegations.

 

I’ve said elsewhere many times, even if we get new owners now the immediate future is baked in because of this utter mess.

[splinterdream]

On 26/03/2026 at 08:32, coolhandfox said:

Football is broken economically, until they are willing to tackle player wages, agent fees and transfer fees nothing will changes.

 

 

 

 

This is so true, I was saying as much to one of my customers today whos a UTD fan, except I used the words footballs ducked 

[ClaphamFox]

2 hours ago, TheGoldenGod said:

Imagine listening to Rob Tanner and trusting what that pillock says🤣

Well it seems that we may actually be fine for PSR for 24/25 despite the £70m overall loss, so Tanner was right. It was my mistake for taking his comments on PSR to mean our accounting losses would be lower.

[Dan]

3 minutes ago, VLC86 said:

In my mind the way out relies on pure luck. Like you say, the next three seasons (at least) are going to be woeful. Regardless of the division, our squad will be youngsters not good enough and gamble free signings. The luck part, is if a few of them free signings are gems and/or some of the youngsters come good which buys us enough time to stay in the division before we can rebuild.

 

Realistically, I think it’s points deductions and relegations triggering further points deductions and potential relegations.

 

I’ve said elsewhere many times, even if we get new owners now the immediate future is baked in because of this utter mess.

Even if we survive this season, we'll be comfortable favourites to drop next I'd imagine, we haven't paid for a player since Woyo Coulibaly, we'll lose Fatawu to essentially service the debt, signing James is a pipedream. It'll be a lower standard of player coming in. You see other teams in this division branching out and signing players from Europe - they're spending a fair bit themselves now, while we're just patching up our mess all of the time, invariably getting it wrong. Further decline is inevitable regardless of who owns us now. But I have no faith whatsoever, and how anybody does is beyond me, that this lot could turn this around.

 

What'll add insult to injury is if the ownership changes, you can bet your bottom dollar that the new ones will get all of the blame for the mess that Aiyawatt and Rudkin have put us in. "You wanted them out and it's still bad" or "you wanted them out and we're still in the shit". They are Aiyawatt and King Power above all.

[Terraloon]

7 hours ago, Pita said:

If that’s true we are in major trouble 

 

30 minutes ago, UniFox21 said:

Usual they expect us to have failed, yet we keep saying we expect to be fine. 

 

 

When I adopted a back of a fag packet calculation some months ago I suggested that anything over a £40 million loss would cause problems and at that time I thought the loss would be around that number but i genuinely thought  both wages and amortisation would be lower. So on the face of it I fear an incoming charge.
 

What concerns me even more is that using the chart the suggestion is that 25/26 has to deliver no more than a £11 million ish loss if  yet another charge is to be avoided.

[Winstonthedog]

Top and Jon ....  you know when a jobs just not for you .... well this is it  .... you both need a career change 

[Fazzer 7]

This club is actually worse than this labour government at running the finances. 

[coolhandfox]

Pathetic, and people still back them.

 

Deluded willy pullers in charge and supporting this regime.

Edited 27 March by coolhandfox