Club Finances

[Katy]

Deserved an extra point and more for how they’ve ran this club. They’ll still whinge about being hard done to though. 

[Lionator]

3 minutes ago, Nolucklcfc said:

Does this mean the PL has been unsuccessful in their appeal? 

No the club have. 

[Nolucklcfc]

Just now, Lionator said:

No the club have. 

Aye but the club say the matter is “closed” technically it’s not if the PL win their appeal … 

[jammie82uk]

4 minutes ago, Nolucklcfc said:

Does this mean the PL has been unsuccessful in their appeal? 

Both the club and the PL have been unsuccessful in their appeals 

[Nolucklcfc]

Just now, jammie82uk said:

Both the club and the PL have been unsuccessful in their appeals 

Ah ok, cheers. 

[Claudio Fannieri]

So it’s final Top, Rudkin’s and Kevin’s contribution to this season has been -6 points excellent work, and 2 have been rewarded with promotions, not withstanding a further £70m loss last season and the potential of a further relegation awaits 

Edited 8 April by Claudio Fannieri

[StanSP]

I'm astonished they've not dug their heels in and 'accepted it'. 

[OntarioFox]

The Independent Commission on Monday night after seeing us play Sheffield Wednesday:

Edited 8 April by OntarioFox
what day of the week even is it

[Danizen]

On 28/03/2026 at 14:44, Clogger_ said:

What a heinous bunch Cooper signed. Coupled with 3 years for Vesty (not Cooper's fault!) it stuffed us for years

And we still get grief for sacking him

[Terraloon]

25 minutes ago, jammie82uk said:

Both the club and the PL have been unsuccessful in their appeals 

Where is that stated ? The clubs announcement certainly doesn’t mention the PLs appeal

[Corky]

How much has this whole episode cost us? Two commission hearings, two lots of appeals. If doesn't the wake up call to get our house in order then I don't know what will be.

[The Year Of The Fox]

49 minutes ago, StanSP said:

I'm astonished they've not dug their heels in and 'accepted it'. 

Probably too skint to fight any further 

[jammie82uk]

42 minutes ago, Terraloon said:

Where is that stated ? The clubs announcement certainly doesn’t mention the PLs appeal

https://www.premierleague.com/en/news/4624942/premier-league-statement-appeal-decision-on-leicester-city-080426

 

The Appeal Board also dismissed a challenge by the Premier League, which was limited to the Commission’s decision not to increase the sanction on the club as a result of its breach of the League’s rules regarding the late submission of its Annual Accounts.

[Terraloon]

28 minutes ago, jammie82uk said:

https://www.premierleague.com/en/news/4624942/premier-league-statement-appeal-decision-on-leicester-city-080426

 

The Appeal Board also dismissed a challenge by the Premier League, which was limited to the Commission’s decision not to increase the sanction on the club as a result of its breach of the League’s rules regarding the late submission of its Annual Accounts.

Yep on the PL site now. Surprised the two didn’t announce simultaneously 

[Spanner73]

1 hour ago, Claudio Fannieri said:

So it’s final Top, Rudkin’s and Kevin’s contribution to this season has been -6 points excellent work, and 2 have been rewarded with promotions, not withstanding a further £70m loss last season and the potential of a further relegation awaits 

You’ve got it ! 
Brilliant work isn’t it 

[Paninistickers]

Nothing city related, but a western YouTuber  based in Thailand has been posting videos with his take of thai stock markets, housing markets, national debt, personal debt, inflation etc etc 

 

Very familiar themes of institutional delusion, stubbornness, refusal to drop prices (financially cutting nose off to spite face) family run state funded businesses, and impending financial meltdown. 

[suffolk fox]

13 hours ago, Paninistickers said:

Nothing city related, but a western YouTuber  based in Thailand has been posting videos with his take of thai stock markets, housing markets, national debt, personal debt, inflation etc etc 

 

Very familiar themes of institutional delusion, stubbornness, refusal to drop prices (financially cutting nose off to spite face) family run state funded businesses, and impending financial meltdown. 

Sounds like the UK Government and Starmer!

[Stadt]

 

 

The 25/26 accounts will be a more moderate loss but I think 26/27 will be a blood bath. We'll sell off the last bit of family silver just to cover costs + we have to almost completely rebuild the squad.

 

And we'll cheap put on the managerial appointment (free agent) and then sack them anyway paying probably paying > 10x the amount of compensation than the initial settlement.

Edited 10 April by Stadt

[Terraloon]

52 minutes ago, Stadt said:

 

 

The 25/26 accounts will be a more moderate loss but I think 26/27 will be a blood bath. We'll sell off the last bit of family silver just to cover costs + we have to almost completely rebuild the squad.

 

And we'll cheap put on the managerial appointment (free agent) and then sack them anyway paying probably paying > 10x the amount of compensation than the initial settlement.

I too believe there will be a much smaller loss in 25/6 but still a loss.

 

In accounting terms I would imagine that the 26/27 wage bill will need to drop from my £85m 25/26 estimate but the problems will just keep coming unless LC are back in the PL.

 

For the purpose of this exercise let’s just suppose there is Championship football in 27/28. My guess would be that excluding any player trading numbers then income at most would be £ 40-£50m 

 

With those pesky other running costs accounting for circa £25-£30 million , interest around £5 million a requirement to spend a minimum of £2.5-£3 m on the academy, another £1m on woman’s football it’s possible, no probable that the maximum sum available to spend on wages, for 27/28 will be  way under £30 m and that sum will be for all staff not just the players.
 

What will be inevitable is that a significant round or redundancy will occur sadly but also its inevitable that the number of coaches, medical staff etc will reduce.

[ajthefox]

1 hour ago, Stadt said:

 

 

The 25/26 accounts will be a more moderate loss but I think 26/27 will be a blood bath. We'll sell off the last bit of family silver just to cover costs + we have to almost completely rebuild the squad.

 

And we'll cheap put on the managerial appointment (free agent) and then sack them anyway paying probably paying > 10x the amount of compensation than the initial settlement.

It's an adjacent discussion, but this shows quite starkly how fvcked the game is.

 

 

[Stadt]

18 minutes ago, ajthefox said:

It's an adjacent discussion, but this shows quite starkly how fvcked the game is.

 

 

I don’t like discussing this as it detracts from our self-inflected losses. Our situation is different to say, Villa who probably have ambitiously overspent.

 

We never really chased the dream, our frivolity has been from not selling players and overpaying individuals rather than wage spending writ large.

[Stadt]

24 minutes ago, Terraloon said:

I too believe there will be a much smaller loss in 25/6 but still a loss.

 

In accounting terms I would imagine that the 26/27 wage bill will need to drop from my £85m 25/26 estimate but the problems will just keep coming unless LC are back in the PL.

 

For the purpose of this exercise let’s just suppose there is Championship football in 27/28. My guess would be that excluding any player trading numbers then income at most would be £ 40-£50m 

 

With those pesky other running costs accounting for circa £25-£30 million , interest around £5 million a requirement to spend a minimum of £2.5-£3 m on the academy, another £1m on woman’s football it’s possible, no probable that the maximum sum available to spend on wages, for 27/28 will be  way under £30 m and that sum will be for all staff not just the players.
 

What will be inevitable is that a significant round or redundancy will occur sadly but also its inevitable that the number of coaches, medical staff etc will reduce.

It's completely insane we have useless fluff like the flamethrowers, lightshows and the number of stewards we do.

 

Never mind running two PL standard training grounds at once and duplicating what, 50 members of staff from security, cleaners, groundsmen, cooks, facilities managers and so on? This is why I was opposed to the Davies CEO appt. We need an unsentimental fresh pair of eyes 

[Terraloon]

1 hour ago, Stadt said:

It's completely insane we have useless fluff like the flamethrowers, lightshows and the number of stewards we do.

 

Never mind running two PL standard training grounds at once and duplicating what, 50 members of staff from security, cleaners, groundsmen, cooks, facilities managers and so on? This is why I was opposed to the Davies CEO appt. We need an unsentimental fresh pair of eyes 

Think that before long it’s going to dawn on some that far too much of the club infrastructure and running costs aren’t going to be affordable based on income and the gravy train that is LCFC has run out of steam.

 

I still can’t quite get a handle of what Seagrave costs but it has to be in the range between £7.5 & £15 million, yes there is a massive gap in my estimate range  but when you add the cost of the stadium which is circa £7 million before you talk about repayment of the HP then you can see how the add ons are at least £25 but almost certainly closer to £30 m.

How can a club that without PL monies won’t be bringing in more than £55 m even think that Seagrave is sustainable?

 

[Lambert09]

4 hours ago, Stadt said:

 

 

The 25/26 accounts will be a more moderate loss but I think 26/27 will be a blood bath. We'll sell off the last bit of family silver just to cover costs + we have to almost completely rebuild the squad.

 

And we'll cheap put on the managerial appointment (free agent) and then sack them anyway paying probably paying > 10x the amount of compensation than the initial settlement.

Remember how it always used to be seen as the playoff final was the most financially rewarding game in football? 
 

reality now is that it costs more to go up than to stay put. We all thought prem football secured our financial future and it was imperative Enzo got us up…. But it resulted in even bigger loses. 
 

 

[Stadt]

2 hours ago, Lambert09 said:

Remember how it always used to be seen as the playoff final was the most financially rewarding game in football? 
 

reality now is that it costs more to go up than to stay put. We all thought prem football secured our financial future and it was imperative Enzo got us up…. But it resulted in even bigger loses. 
 

 

One thing that really doesn’t add up to me is the summer 2024 window. If we went up and spent miserly with the idea we have to take our medicine, excise some of the high earners. Spend a little bit but shrewdly, worst case scenario we go down but in a good position to rebuild.

 

Instead we spent a long of money on predictable dross, didn’t address a few long term problem positions and lumbered ourselves with more pariahs.

 

Spending big under Enzo made sense but not under Cooper, everything was short termist and it’s genuinely like relegation was never considered a possibility, even though it was more likely than not.

Edited 10 April by Stadt