Owner funding

[st albans fox]

The narrative is really headed where the club want it to

we aren’t big spenders and we are currently short of money ........

 

we will hopefully reap the rewards of this before deadline day and get some good deals across the line ....... the hope that we can get a win on Sunday followed by a ‘free hit’ at Man City.  Then West Ham at home is also winnable without any further additions.  It’s more than feasible that our business will be done very late on and possibly two or three in pretty much together .....

[Clever Fox]

2 hours ago, Chrysalis said:

If its pennies, the Silva deal I think got delayed for less then that.

My point was I doubt the Owners took any money from the Club. But possibly entertained guests at Games etc and the club just carried the expense.

 

We know now that Silva was a poor signing as I predicted at the time. So the Club were right not to pay anymore.

[lcfc81]

This is very good news. It signifies that our current structure is sustainable and our success has an increased chance of being maintained. As long as we can continue to develop all areas of the club, as we seem to have been doing, and not splashing silly money on impulse purchases we will continue to build a sustainable long term legacy. Another big tick for our wonderful owners for me. 

[fuchsntf]

10 hours ago, Sol thewall Bamba said:

The only option is to get rid of clappers to spare us the cash.

Did we Keep the chit....

[Chrysalis]

48 minutes ago, Clever Fox said:

My point was I doubt the Owners took any money from the Club. But possibly entertained guests at Games etc and the club just carried the expense.

 

We know now that Silva was a poor signing as I predicted at the time. So the Club were right not to pay anymore.

Entirely possible yeah, accountants can be quite creative.

[Japanfox]

With out reading all the replies on here,.  I for one would not say a negative breath of a word against our wonderful owners.  We are where we are now because of them 

[CosbehFox]

Just listened to Totally Football European Show, our lack of spending is line with the rest of the continent. Half of La Liga haven’t spent a penny in transfer fees. Bundesliga lowest spending since 2012. 

[Grebfromgrebland]

23 hours ago, Sol thewall Bamba said:

The only option is to get rid of clappers to spare us the cash.

Wait....what? They're still buying clappers?  There must be about 20 on each seat by now!

[Fox92]

53 minutes ago, Japanfox said:

With out reading all the replies on here,.  I for one would not say a negative breath of a word against our wonderful owners.  We are where we are now because of them 

This attitude I never understand. I'm not doubting the owners, though sometimes I am critical, but Nigel Pearson got us promoted. We wouldn't be here now without him. Yes the owners did the finance side, and injected money into the club etc, but having money doesn't guarantee success. Hence they chucked money at Sousa and Sven and it didn't work. Pearson sorted us out on the pitch.

 

Don't ever forget the manager and the players. They do the business on field.

 

You can be critical of something you appreciate.

Edited 16 September 2020 by Fox92

[Babylon]

21 hours ago, Freeman's Wharfer said:

I can see that. We are defying the odds again with a European tour this year and it’s largely down to the manager we recruited.

 

But if you think that manager was recruited with a sell-to-buy policy and told that money wouldn’t be there to spend you are kidding yourself.

 

You can hear the frustration from Rodgers that more isn’t happening. You don’t have to spend hundreds of millions but the amount of time he talks about ‘quality’ shows that he knows he doesn’t currently have the two or three extra players that will allow us to compete at that level he wants consistently.

 

We don’t have to tear the rule book up and become unsustainable but putting in a little extra in line with FFP can’t hurt.

 

For what it’s worth I don’t think we don’t have money currently. I think that’s not the issue and that it’s there but we have a pretty amateurish operation off the pitch when it comes to trying to buy top talent (having the book of contacts and the ears of the agents). But the amount of people justifying this inactivity by linking it to impact of Covid on tourism has been absurd.

 

 

Amateurish off the field.... unbelievable.

 

We are near the top not just because of Rodgers, but because of amateurs in the recruitment team assembled a decent squad, again.

 

We won’t buy or attract ready made top talent very often because we are Leicester City. Obvious top players have their pick of dozens of teams far more glamorous than us, with champions league football as well.

 

We are going to continue to shop in the market mostly for rough diamonds we can help polish up and give them a pathway to bigger and better things. It’s as simple as that, But the best ones will also be sought after, so it’s a difficult market to shop in.

 

The higher we go the harder it is.

[Babylon]

14 hours ago, Clever Fox said:

My point was I doubt the Owners took any money from the Club. But possibly entertained guests at Games etc and the club just carried the expense.

 

We know now that Silva was a poor signing as I predicted at the time. So the Club were right not to pay anymore.

It’s in the books, they did. About the same amount they were paying in for sponsorship etc.

[Guest Danny Clender]

For teams e.g Chelsea and Man City, isn't one of the default #bantz put down / insults directed to their fans something like "you're only where you are because you have rich owners" 

Are these not the same fans that admire a team like Bayern Munich because of their economic model? (I have no idea what the BM economic model is, I'm following a stereotype and what someone wrote once)

 

I'm sure so many, are proud to be where we are today, because of totally what we've seen since the take-over in 2010.

 

When it comes to actual football, we have a representative in the manager to answer questions.

The Manager/Coach will never talk business or finances, if they ever did, it would be sensational. 

I doubt we'd ever see Jon Rudkin or Susan Whelan facing questions from Gary Lineker asking about the current state of finances on MOTD.

This is why the business side of football and having this perceived insight seems like such a waste of time and such an unhealthy bi-product of today's modern fan privilege. 

 

It does seem all a bit vague to me for some to have such divine opinions. 

 

That said, clinically, this is a great thread to hoover up some quality rubbish. 

 

[Babylon]

On 15/09/2020 at 11:54, Freeman's Wharfer said:

So many people have needed to see this.

 

Honestly, the amount who lost their minds as I suggested that IF King Power had reached the point that they can no longer invest in the club then they might want to consider selling was ludicrous.

 

Not that I want Top out or any of that sensationalist bull crap. Simply that if the club wants to push on then it might be time for us to start getting the funding we need to compete at the level we aspire to be at.

 

You cannot have it all ways and have European tours and a happy Brendan Rodgers and then also be at the bottom of that list I’m afraid...

Because it was a stupid point and still is a stupid point. They are the club, they own it, it’s THEIR ambition. Why would they sell when their management is bringing everything they want and more over the last decade.
 

Money doesn’t always bring success, shall we look at the shit show up at Everton recently. Waste of money on top of waste of money, smart management from top to bottom is equally important and we have it.

 

When they’ve built the club up even further, to the point of being debt free, larger ground, amazing training complex. Maybe then they could look to cash in, because we’ll be a far more desirable purchase. But honestly I’d rather have their management than someone with £400m to spend and no idea how.

 

I honestly cannot fathom how anyone can look at where we’ve come from and where we currently are and suggest with a straight face they should sell to some unknown entity with a bit of cash. 

[Guest Danny Clender]

On 15/09/2020 at 13:54, Freeman's Wharfer said:

So many people have needed to see this.

 

Honestly, the amount who lost their minds as I suggested that IF King Power had reached the point that they can no longer invest in the club then they might want to consider selling was ludicrous.

 

Not that I want Top out or any of that sensationalist bull crap. Simply that if the club wants to push on then it might be time for us to start getting the funding we need to compete at the level we aspire to be at.

 

You cannot have it all ways and have European tours and a happy Brendan Rodgers and then also be at the bottom of that list I’m afraid...

I totally disagreed with your post, on another thread, about the divisions in our fans regarding expectations, but then I read where you'd explained about the club seeking potential extra investment form other sources whilst Top etc remain at the club. This made more sense to me than your original post and sounds a more plausible solution.

 

I'd still like to know though, what are your ambitions / expectations and what are the clubs ambitions / expectations?

[CosbehFox]

8 minutes ago, Babylon said:

I honestly cannot fathom how anyone can look at where we’ve come from and where we currently are and suggest with a straight face they should sell to some unknown entity with a bit of cash. 

I saw one social media account with completely seriousness suggest we should go after the Saudi's interested in Newcastle. 

[RoboFox]

Speaking of funding, the club have just renewed their deal with W88. 

 

I understand the need for income via sponsors, but gambling companies suck a bag o'dix.

 

 

[Clever Fox]

54 minutes ago, Babylon said:

It’s in the books, they did. About the same amount they were paying in for sponsorship etc.

So what am I missing here. I thought the Owners were worth close to 2 billion.

 

I understand they need to concentrate on the core business KP.

Even with Covid you would be awhile burning through that much cash. 

Or is it that after the tragic death of Vichi the Family aside from Top has stepped back from the Club. Which is reasonable to understand. And would explain the reduced funding available.

[Tommo]

Just now, Clever Fox said:

So what am I missing here. I thought the Owners were worth close to 2 billion.

 

I understand they need to concentrate on the core business KP.

Even with Covid you would be awhile burning through that much cash. 

Or is it that after the tragic death of Vichi the Family aside from Top has stepped back from the Club. Which is reasonable to understand. And would explain the reduced funding available.

there's a big difference between being worth 2bn and actually having 2bn in liquid cash ready to deploy.

 

i'd imagine the vast majority of their reported wealth is down to the fact that they own 100% of a business worth £xbn.  

[Clever Fox]

3 minutes ago, Tommo said:

there's a big difference between being worth 2bn and actually having 2bn in liquid cash ready to deploy.

 

i'd imagine the vast majority of their reported wealth is down to the fact that they own 100% of a business worth £xbn.  

Yes I understand that too. I read somewhere that Vichi was worth close to 2 Billion

personally, which would be outside the Company. But you could well be right it could be whole operation. 

[Guest Markyblue]

28 minutes ago, Clever Fox said:

Yes I understand that too. I read somewhere that Vichi was worth close to 2 Billion

personally, which would be outside the Company. But you could well be right it could be whole operation. 

4.9 billion dollars or 3.8 billion pounds, dont know how covid has effected them figures. 

[Chrysalis]

40 minutes ago, Clever Fox said:

Yes I understand that too. I read somewhere that Vichi was worth close to 2 Billion

personally, which would be outside the Company. But you could well be right it could be whole operation. 

The funding hasnt been suddenly reduced, for a number of years now there has been no KP investment (outside of sponsorship and training ground loans).

 

Also profits from player sales have effectively subsidised the wage bill, whilst many people have assumed its cash sitting in the bank instead.

 

The sponsorship matter appears settled so my opinion on regarding funding is neutral again, I am ok with the club been self sufficient.

 

I do have concerns in the clear problems in recruitment, the issues there are possibly down to rudkin and susan how they are dealing with agents and negotiations.  But this isnt related to funding.

Edited 16 September 2020 by Chrysalis

[UHDrive]

2 minutes ago, Chrysalis said:

The funding hasnt been suddenly reduced, for a number of years now there has been no KP investment.

 

Also profits from player sales have effectively subsidised the wage bill, whilst many people have assumed its cash sitting in the bank instead.

 

The sponsorship matter appears settled so my opinion on regarding funding is neutral again, I am ok with the club been self sufficient.

 

I do have concerns in the clear problems in recruitment, the issues there are possibly down to rudkin and susan how they are dealing with agents and negotiations.  But this isnt related to funding.

This.

[st albans fox]

3 minutes ago, UHDrive said:

This.

susan is pretty savvy. i do think that if they thought an agent was really trying it on then they may baulk at a potential signing and move onto another target. but we have a track record of being tough negotiators, both in and out (apart from our dealings with SCP  where we always get turned over)

[UHDrive]

2 minutes ago, st albans fox said:

susan is pretty savvy. i do think that if they thought an agent was really trying it on then they may baulk at a potential signing and move onto another target. but we have a track record of being tough negotiators, both in and out (apart from our dealings with SCP  where we always get turned over)

I do agree. Having watched these play out over the years and measuring us against other clubs, to me it seems like we go into negotiating too tough i.e. low balling proposed fees and hence drawing out negotiations for too long and sometimes too late.

[Guest Markyblue]

56 minutes ago, UHDrive said:

I do agree. Having watched these play out over the years and measuring us against other clubs, to me it seems like we go into negotiating too tough i.e. low balling proposed fees and hence drawing out negotiations for too long and sometimes too late.

Our league positions over the last few years disagree. How much have similar type clubs like Everton,  west ham even villa and Brighton spent and what have they achieved.