Club Finances

[Hitesh]

3 hours ago, splinterdream said:

Which seasons cock ups is worse do we reckon?

 

16/17 

22/23

24/25

25/26

 

????????????????

No one's getting any cocks up with these finances...

[splinterdream]

49 minutes ago, Blue ROI said:

22/23 

 

The season where it all turned sour.

 

We were begging for Rudkin and Aiyatwat to act on Rodgers and they did nothing until the horse had bolted. 

 

3 reputations destroyed forever more

Keep kasper, sign lookman and a defender and we'd have been fine. Danny Ward, an angry sulking Rodgers, dropping Cags, Youri taking the michael, what an absolute clown show 

[Tommy Fresh]

5 minutes ago, splinterdream said:

Keep kasper, sign lookman and a defender and we'd have been fine. Danny Ward, an angry sulking Rodgers, dropping Cags, Youri taking the michael, what an absolute clown show 

Didn't even need to keep Kasper, Iversen plays that season and we stay up

[lookwhaticando]

21 hours ago, King Claudio said:

21/22 was pretty bad... according to transfer market.com

Daka 30m Euros

soumare 20m Euros

vestegaard 17.5m Euros

bertrand - vaguely remember him being in 90k a week. 

21/22 is the winner. 
 

We backed Bodgers and let him bring in a bunch of players and didn’t make any sales to balance the books. That was the big gamble - we “invested” in the team more than usual, under the assumption Champions League was basically a dead cert. Our recruitment was gash, and the squad was bigger and more expensive than ever before. 

 

22/23 catastrophe unfolds specifically because of the actions taken in 21/22. We racked up the losses, then found ourselves unable to balance the books because we didn’t have any Euro revenue streams, and were reluctant or unable to offload players of value… we had a bloated squad on outrageous wages, and limited means to reign it in. If we had cashed in on Tielemans in 21/22, or spent appropriately when we didn’t, I don’t think we’re quite as limited at the start of 22/23 and might have been able to do more of a refresh for the little troll who was trying to talk himself out of a job. Although he still would’ve spat his dummy out and set us on the path to relegation but we wouldn’t have had as much of a bloated squad, and a bit more room to manoeuvre on the finance front. Maybe with better finances we’d have coughed up for his severance earlier than we did. 
 

21/22 - Backing Bodgers, filling the squad full of bollocks. The undisputed winner of the most significant cockup. 
 

Edited 29 March by lookwhaticando
Corrected the timeline for Tieleman’s to be cashed in.

[murphy]

11 hours ago, Trav Le Bleu said:

We'd maybe in the premier League. We'd still get punished, if we spent more to get better players, we'd have been docked even more points.

 

But you're right, the problem has probably more been not recouping our losses on players. Had we done that we could've gotten away with crap signings.

We didn't need to spend more to buy better players, we just needed to spend more wisely and get players with sell on potential like we used to. 

[Ricey]

 

 

 

Edited 29 March by Ricey

[Nolucklcfc]

21 minutes ago, Ricey said:

 

 

 

Did Davies discuss the concerns relating to administrative specifically? I’d imagine not but … 

[Mike Oxlong]

1 hour ago, Ricey said:

 

 

 

In Jon we trust 

[Terraloon]

 

Not sure what to make of this

• Asked whether the loss of just over £71m would mean the club would again breach PSR and face further points deductions, Davies assured us that the club would be compliant with PSR and that would become clearer when their financial statement for the current year is made available in December 2026.

The £71m loss is included in the 3 years ending30/6/25. At this point  the 30/6/26 numbers arent relevant nor will they become available for things to “ become clearer” in Dec 26 . Well not to us plebs that is.

 

The claim about reducing wages to 82% is hardly something to hang your hat on particularly as that’s just one of the heads of expenditure that makes up SCR.

 

Seems to me all that was happening here is something that LCFc seems to be doing more and more and that’s kicking the can down the road.

Some clubs , not that many admittedly, publish their PSR submissions would have been a good time for the club to do likewise. But we know that’s not going to happen, possibly can’t happen,  till the 23/24 matters have been resolved. 

 

 

Edited 29 March by Terraloon

[Dan]

20 hours ago, splinterdream said:

Keep kasper, sign lookman and a defender and we'd have been fine. Danny Ward, an angry sulking Rodgers, dropping Cags, Youri taking the michael, what an absolute clown show 

Literally play Iversen and Soyuncu and we'd have been OK. Not 'good', and the incompetence would've eventually caught us, but it wouldn't have been as quickly.

[john ridley]

20 hours ago, splinterdream said:

Keep kasper, sign lookman and a defender and we'd have been fine. Danny Ward, an angry sulking Rodgers, dropping Cags, Youri taking the michael, what an absolute clown show 

Not forgetting playing a certain calamity  in Daniel Amarty over Cags.

[Dan]

18 hours ago, lookwhaticando said:

21/22 is the winner. 
 

We backed Bodgers and let him bring in a bunch of players and didn’t make any sales to balance the books. That was the big gamble - we “invested” in the team more than usual, under the assumption Champions League was basically a dead cert. Our recruitment was gash, and the squad was bigger and more expensive than ever before. 

 

22/23 catastrophe unfolds specifically because of the actions taken in 21/22. We racked up the losses, then found ourselves unable to balance the books because we didn’t have any Euro revenue streams, and were reluctant or unable to offload players of value… we had a bloated squad on outrageous wages, and limited means to reign it in. If we had cashed in on Tielemans in 21/22, or spent appropriately when we didn’t, I don’t think we’re quite as limited at the start of 22/23 and might have been able to do more of a refresh for the little troll who was trying to talk himself out of a job. Although he still would’ve spat his dummy out and set us on the path to relegation but we wouldn’t have had as much of a bloated squad, and a bit more room to manoeuvre on the finance front. Maybe with better finances we’d have coughed up for his severance earlier than we did. 
 

21/22 - Backing Bodgers, filling the squad full of bollocks. The undisputed winner of the most significant cockup. 
 

This is all very correct as well.

 

A perfect summary of the non accountability of the club was summer 2022. We budgeted the season before for finishing in the Champions League, got nowhere near, got humiliated in both cups and the Europa League, didn't make up for it in the conference league, finished 8th which on the face of it isn't terrible but it is when you've budgeted to come 4th and frankly, were very fortunate to actually finish that high.

 

We were tracking as a very poor team being carried by individual quality all of 2021/22 and I bet if you'd asked Aiyawatt or Rudkin where they thought we'd finish in 2022/23 they would've said top 4.

 

2022/23 was the season I really turned on the ownership because the incompetence was so rife it was barely believable to me what was playing out. I knew our floor was as low as it had ever been when such things were allowed to happen.

[splinterdream]

22 hours ago, lookwhaticando said:

21/22 is the winner. 
 

We backed Bodgers and let him bring in a bunch of players and didn’t make any sales to balance the books. That was the big gamble - we “invested” in the team more than usual, under the assumption Champions League was basically a dead cert. Our recruitment was gash, and the squad was bigger and more expensive than ever before. 

 

22/23 catastrophe unfolds specifically because of the actions taken in 21/22. We racked up the losses, then found ourselves unable to balance the books because we didn’t have any Euro revenue streams, and were reluctant or unable to offload players of value… we had a bloated squad on outrageous wages, and limited means to reign it in. If we had cashed in on Tielemans in 21/22, or spent appropriately when we didn’t, I don’t think we’re quite as limited at the start of 22/23 and might have been able to do more of a refresh for the little troll who was trying to talk himself out of a job. Although he still would’ve spat his dummy out and set us on the path to relegation but we wouldn’t have had as much of a bloated squad, and a bit more room to manoeuvre on the finance front. Maybe with better finances we’d have coughed up for his severance earlier than we did. 
 

21/22 - Backing Bodgers, filling the squad full of bollocks. The undisputed winner of the most significant cockup. 
 

 

yes, 21/22 summer window was a disaster. Only Lookman looked good enough, what really screwed us though is we paid them so much, we couldn't move them on.

 

Daka, Soumare, Bertrand, Vestegaard.

[The Year Of The Fox]

33 minutes ago, splinterdream said:

 

yes, 21/22 summer window was a disaster. Only Lookman looked good enough, what really screwed us though is we paid them so much, we couldn't move them on.

 

Daka, Soumare, Bertrand, Vestegaard.

Remember Rodgers saying he hadn’t been backed, and 95% of the fan base agreed? 

[lookwhaticando]

21 minutes ago, The Year Of The Fox said:

Remember Rodgers saying he hadn’t been backed, and 95% of the fan base agreed? 

In fairness to the little troll, he wasn’t saying that in 21/22, it was before the start of 22/23… and he was right, we didn’t back him that summer… we couldn’t, because we had gambled on him the summer before and he blew it. 
 

He couldn’t exactly say that last bit though. You can’t get a nice little payoff if you admit you’re at fault for the thing you’re complaining about. He was trying to get sacked

[The Year Of The Fox]

10 minutes ago, lookwhaticando said:

In fairness to the little troll, he wasn’t saying that in 21/22, it was before the start of 22/23… and he was right, we didn’t back him that summer… we couldn’t, because we had gambled on him the summer before and he blew it. 
 

He couldn’t exactly say that last bit though. You can’t get a nice little payoff if you admit you’re at fault for the thing you’re complaining about. He was trying to get sacked

He said it after the Forest game in the FA Cup. He needed a refresh he claimed

 

Overlooking the fact the players he had either finished 5th and won the FA Cup 9 months before, or had been signed under his watch the summer of the FA Cup win

 

 

Our fans were so brainwashed by his bull. Seems most have woken up though for the KP debacle 

 

 

[HP1]

3 minutes ago, The Year Of The Fox said:

And it keeps getting deleted- but Rodgers was our cancer 

 

 

Not sure who’s reporting it for it to be deleted 😂

 

Brendan Rodgers' PR team. He needs an army of them on the payroll to try to polish his ever replicating turds.

[lookwhaticando]

1 hour ago, The Year Of The Fox said:

He said it after the Forest game in the FA Cup. He needed a refresh he claimed

 

Overlooking the fact the players he had either finished 5th and won the FA Cup 9 months before, or had been signed under his watch the summer of the FA Cup win

 

 

Our fans were so brainwashed by his bull. Seems most have woken up though for the KP debacle 

 

 

My god you’re right. I had clearly blocked that whole sorry episode out of my mind… 

Rodgers, who has guided Leicester to successive fifth-placed finishes in the Premier League - although they are 10th this season - says complacency has crept in among his players and changes need to be made. And, he added, "time could be up" for some of his squad.

 

"Too many players think they are top players but are a long way off," said Rodgers. "Some players may have achieved everything they can here.

 

[The Year Of The Fox]

6 hours ago, lookwhaticando said:

My god you’re right. I had clearly blocked that whole sorry episode out of my mind… 

Rodgers, who has guided Leicester to successive fifth-placed finishes in the Premier League - although they are 10th this season - says complacency has crept in among his players and changes need to be made. And, he added, "time could be up" for some of his squad.

 

"Too many players think they are top players but are a long way off," said Rodgers. "Some players may have achieved everything they can here.

 

Should be sacked the fraud at that point. 
 

Said at the time a £15m pay off was small time for what would follow.

[Chrysalis]

On 25/03/2026 at 20:38, Paninistickers said:

 

I'll gladly be wrong on this, but if we are talking about Macquirie, it isn't a secured loan on the usual sense. I've banged on and in about this, so apologise to those who've read this point before. 

 

The EPL are contractually due to pay us money - this June just past and next June..

To me thats an interpretation of a secured loan, it may be 99% likely there is no problem, but the likelihood doesnt affect if it is secured loan or not.  Thats just the risk factor to the lender.  A unsecured loan is where there is no automatic rights to any kind of asset or income.  Just complete trust in the borrower.

Edited 30 March by Chrysalis

[splinterdream]

10 hours ago, The Year Of The Fox said:

Remember Rodgers saying he hadn’t been backed, and 95% of the fan base agreed? 

Soumare and Daka were supposed to be the premium signings, but were they?

If our goal was top 4 and that was the task given to Rodgers, was that transfer window giving Rodgers the players he needed?

Im not sure. If Daka and Soumare had worked, perhaps. Vestegaard was replacement for Wes and Bertrand for Fuchs. 

[ClaphamFox]

15 hours ago, Terraloon said:

 

Not sure what to make of this

• Asked whether the loss of just over £71m would mean the club would again breach PSR and face further points deductions, Davies assured us that the club would be compliant with PSR and that would become clearer when their financial statement for the current year is made available in December 2026.

The £71m loss is included in the 3 years ending30/6/25. At this point  the 30/6/26 numbers arent relevant nor will they become available for things to “ become clearer” in Dec 26 . Well not to us plebs that is.

 

The claim about reducing wages to 82% is hardly something to hang your hat on particularly as that’s just one of the heads of expenditure that makes up SCR.

 

Seems to me all that was happening here is something that LCFc seems to be doing more and more and that’s kicking the can down the road.

Some clubs , not that many admittedly, publish their PSR submissions would have been a good time for the club to do likewise. But we know that’s not going to happen, possibly can’t happen,  till the 23/24 matters have been resolved. 

 

 

This is from a Mercury article published yesterday:

 

"However, while substantial, the loss is not expected to cause issues around Profit and Sustainability Rules (PSR), with the club having filed a compliant PSR submission for the season. City received a six-point deduction for exceeding the loss limit for the three financial years ending in 2024.

"The 2023 season saw them record a PSR loss of £63.8m but the 2024 season saw them post a PSR profit of £6.1m. It means that, once addbacks are included, City can post a PSR loss of £25.3m for these accounts, ending in 2025, and still meet the £83m loss threshold for the three years combined."

[Officer Doofy]

10 hours ago, The Year Of The Fox said:

He said it after the Forest game in the FA Cup. He needed a refresh he claimed

 

Overlooking the fact the players he had either finished 5th and won the FA Cup 9 months before, or had been signed under his watch the summer of the FA Cup win

 

 

Our fans were so brainwashed by his bull. Seems most have woken up though for the KP debacle 

 

 

The night I could see exactly what was coming to this club. 

 

 

[Les-TA-Jon]

34 minutes ago, ClaphamFox said:

This is from a Mercury article published yesterday:

 

"However, while substantial, the loss is not expected to cause issues around Profit and Sustainability Rules (PSR), with the club having filed a compliant PSR submission for the season. City received a six-point deduction for exceeding the loss limit for the three financial years ending in 2024.

"The 2023 season saw them record a PSR loss of £63.8m but the 2024 season saw them post a PSR profit of £6.1m. It means that, once addbacks are included, City can post a PSR loss of £25.3m for these accounts, ending in 2025, and still meet the £83m loss threshold for the three years combined."

Good to know but still means we need approx £50m of addbacks to not breach again? 

[Stadt]

It's like we clear one PSR hurdle and think that's it we've cracked it for the foreseeable. The summer 2024 window was extremely reckless as it gives absolutely no headroom in the following periods.

 

It's almost like they haven't thought "What if we get relegated?" at any point. We signed a few players with no resale value and the players we could turn a healthy profit on we can't (BEK and probably Fatawu).

 

So for 24/25 - 26/27 (assuming we stay up) we're allowed £61m in losses for this 3 year rolling window. Discounting add backs for the minute, we've already breached a three rolling year window in year one. We're nor going to be turning a profit anytime soon either so more breaches to come.

 

The summer 2024 window was flagrant stupidity - the net spend should never have been that high and if it was it should have been spent on a greater number of players with lower fees. The Skipp and Ayew deals were absolutely ludicrous as it was obvious we'd never even recoup 25% of those total fees.

 

Not to mention the lazy managerial recruitment increased the odds of going down and the likelihood of a managerial pay out too. Then, the successor is lumbered with expensive players we they don't want - I remember specifically posting on here about that, surprise, surprise it panned out that way.