Leicester City chairman has planned finances for transfers as he predicts 'interesting' summer

[davieG]

https://www.leicestermercury.co.uk/sport/football/transfer-news/leicester-city-transfers-chairman-finances-7125687

 

City chairman Aiyawatt Srivaddhanaprabha has said the club have organised their finances in anticipation of summer transfers with 'big deals' to have a knock-on effect

ByJordan Blackwell
12:38, 25 MAY 2022

Leicester City chairman Aiyawatt ‘Top’ Srivaddhanaprabha says the club has planned their finances in anticipation of an “interesting” summer transfer window.

City and manager Brendan Rodgers are planning a refresh of the squad this summer, and while some of their deals will be funded by the sales of outgoing players, Top says the club have prepared “for a degree of player trading”. He is also anticipating big deals around Europe having a knock-on effect as City go about their business over the summer.

Writing in the final matchday programme of the season, Top said: “Options and opportunities to strengthen the squad is something our football and recruitment department are constantly looking at, not just during the summer. That may lead to some trading for us to improve the squad, which is a process I've always been happy to support for the good of the club.

 

"We manage our finances to plan for a degree of player trading and we'll continue to look for the best investments we can make. The global market will be interesting this summer, given some of the big deals we know are taking place. Those deals have an impact on every other club potentially looking to trade in the window, so it will be interesting to see.”

Rodgers is hoping for five or six new signings as part of his refresh, but with no European football to offer, there will be more than that heading for the exit. Youri Tielemans, Caglar Soyuncu, and then a handful of players on the fringes are likely to be sold, while a centre-back, a box-to-box midfielder, and a right-sided winger are the priorities coming in.

The hope is that those changes will reinvigorate the squad and get City challenging in the upper echelons of the table again, as they did in the previous two seasons. Top said: “We’ve had some difficult circumstances this season, but that’s football and sometimes you have to accept that and look to come back stronger.

“As long as we continue to stand and fight for our club together – fans, players, staff, the Leicester City family – we’ll continue to move forward and build on the amazing success we’ve had in recent seasons. The standards we have set for the club in recent years have raised expectations, which is something we should always aspire to. Together, we’ll continue to make Leicester City the very best it can be.”

[Kinowe Soorie]

2 minutes ago, davieG said:

The standards we have set for the club in recent years have raised expectations, which is something we should always aspire to.

[Happy Fox]

Brendan should take heed of Top’s words.

[Ric Flair]

Reading that I'm unclear on whether he means player trading as in funding our incoming from pure player sales or if they've got a budget without that but will look to move players on as well to compliment it.

 

Not that it is a disaster either way, I think we can raise best part of £100m this summer which will easily get us 4-6 new players with careful planning and hopefully 9-10 out the door.

[urban.spaceman]

Announce Cantwell

[StriderHiryu]

10 minutes ago, Ric Flair said:

Reading that I'm unclear on whether he means player trading as in funding our incoming from pure player sales or if they've got a budget without that but will look to move players on as well to compliment it.

 

Not that it is a disaster either way, I think we can raise best part of £100m this summer which will easily get us 4-6 new players with careful planning and hopefully 9-10 out the door.

The way I interpret it is that the squad size will be the same (or smaller), but the personel will be very different, and that's what we mean by a refresh.

 

I think the second part you've put there is spot on. As for net spend, I reckon it will be 40-50m, to make this happen, absorbing losses on Soumare, Vestergard, Tielemans and maybe even Soyuncu (the latter two because they are in their final year of their contracts).

 

The transfer forum will be extra spicy this summer, that's for sure!

[Leicester_Loyal]

17 minutes ago, Happy Fox said:

Brendan should take heed of Top’s words.

Exactly what I was gonna type.

[Ginger_Filbert]

2 hours ago, Ric Flair said:

Reading that I'm unclear on whether he means player trading as in funding our incoming from pure player sales or if they've got a budget without that but will look to move players on as well to compliment it.

 

Not that it is a disaster either way, I think we can raise best part of £100m this summer which will easily get us 4-6 new players with careful planning and hopefully 9-10 out the door.

There’s a lot of fees we don’t see though which makes this not so easy, agents fees and signing bonuses will be easily over £10m from 6 players and I’d say that’s being conservative. 

[Ric Flair]

17 minutes ago, Ginger_Filbert said:

There’s a lot of fees we don’t see though which makes this not so easy, agents fees and signing bonuses will be easily over £10m from 6 players and I’d say that’s being conservative. 

Yeah there is but I expect we'll do our usual £20-30m net spend so raising £100m will leave plenty for reinforcements.

[indierich06]

2 hours ago, Ric Flair said:

Reading that I'm unclear on whether he means player trading as in funding our incoming from pure player sales or if they've got a budget without that but will look to move players on as well to compliment it.

 

Not that it is a disaster either way, I think we can raise best part of £100m this summer which will easily get us 4-6 new players with careful planning and hopefully 9-10 out the door.

Sounds like that - there's money available, but player sales will need to supplement it.

[Ginger_Filbert]

How much did we spend last summer? It must have been the usual £30m?

[Stadt]

2 minutes ago, Ginger_Filbert said:

How much did we spend last summer? It must have been the usual £30m?

It was our biggest bet spend ever iirc, £40m+

[coolhandfox]

2 hours ago, Happy Fox said:

Brendan should take heed of Top’s words.

 

2 hours ago, Leicester_Loyal said:

Exactly what I was gonna type.

Rodgers has said very similar all ready, do you think they don't talk to each other 

 

The summer gives us a chance to reset again,” he said. “We can get some great work into the players and hopefully add quality, because there’s no doubt the team needs quality additions to help us challenge again. Hopefully next season we can get together again, the supporters and team, and see if we can disrupt that top six again.

[Collymore]

2 hours ago, davieG said:

Writing in the final matchday programme of the season, Top said

Typical 'Mockery' - it's made out like they've sat down and interviewed Top but they've simply quoted from the programme notes! 

 

What a joke!

Edited 25 May 2022 by Collymore

[coolhandfox]

2 hours ago, Ric Flair said:

Reading that I'm unclear on whether he means player trading as in funding our incoming from pure player sales or if they've got a budget without that but will look to move players on as well to compliment it.

 

Not that it is a disaster either way, I think we can raise best part of £100m this summer which will easily get us 4-6 new players with careful planning and hopefully 9-10 out the door.

Trading to me is just a way of saying buying and selling.

 

Be the same as other seasons budget +sales

[Ric Flair]

11 minutes ago, coolhandfox said:

Trading to me is just a way of saying buying and selling.

 

Be the same as other seasons budget +sales

Yeah I couldn't work out if they meant pure buying and selling (net zero or surplus) or there'll be £20-40m on top of that available like we sometimes do.

[Guest Chocolate Teapot]

1 minute ago, Ric Flair said:

Yeah I couldn't work out if they meant pure buying and selling (net zero or surplus) or there'll be £20-40m on top of that available like we sometimes do.

Hes hardly likely to declare that is he....

[davieG]

20 minutes ago, Collymore said:

Typical 'Mockery' - it's made out like they've sat down and interviewed Top but they've simply quoted from the programme notes! 

 

What a joke!

I guess they took the view that plenty of fans wouldn't have seen that.

[Ric Flair]

9 minutes ago, Chocolate Teapot said:

Hes hardly likely to declare that is he....

Well we regularly get told there's no money and we'll have to sell to buy...

[Guest Chocolate Teapot]

2 minutes ago, Ric Flair said:

Well we regularly get told there's no money and we'll have to sell to buy...

I don't think the Club have ever once said that.

[Ric Flair]

Just now, Chocolate Teapot said:

I don't think the Club have ever once said that.

Brendan has made it sound like we're pure poverty on a few occasions but mainly the inaccuracies have come from the press. But the point I was making was that once again this summer we've been told the rebuild is to be funded on player sales and I'm wondering just how much that is, is it entirely (still possible IMO if Iheanacho goes as well) or we'll have £30-40m on top due to Europe and finishing 8th as opposed to a more pragmatic forecast.

[Guest Chocolate Teapot]

6 minutes ago, Ric Flair said:

Brendan has made it sound like we're pure poverty on a few occasions but mainly the inaccuracies have come from the press. But the point I was making was that once again this summer we've been told the rebuild is to be funded on player sales and I'm wondering just how much that is, is it entirely (still possible IMO if Iheanacho goes as well) or we'll have £30-40m on top due to Europe and finishing 8th as opposed to a more pragmatic forecast.

You can probably assume somewhere between 20 to 40m but it's the wages that are the issue not the finances of players transfers. We need to get the wage bill down.

[Ric Flair]

20 minutes ago, Chocolate Teapot said:

You can probably assume somewhere between 20 to 40m but it's the wages that are the issue not the finances of players transfers. We need to get the wage bill down.

I think 9-10 players out and 5-6 in ought to help do that.

 

[jayfox26]

29 minutes ago, Ric Flair said:

Brendan has made it sound like we're pure poverty on a few occasions but mainly the inaccuracies have come from the press. But the point I was making was that once again this summer we've been told the rebuild is to be funded on player sales and I'm wondering just how much that is, is it entirely (still possible IMO if Iheanacho goes as well) or we'll have £30-40m on top due to Europe and finishing 8th as opposed to a more pragmatic forecast.

I think Brendan uses this tactic for 2 reasons. 1 to maybe try and stop clubs ripping us off when we want to buy someone (unlikely to happen though, given we quite often rip clubs off ourselves) and 2 to cover his own arse if things go tits up. He always words things very carefully though in a way that isn't slating the club/owners but also trying to make the fans aware that finances could stop us reaching our goals. 

[jayfox26]

8 minutes ago, Ric Flair said:

I think 9-10 players out and 5-6 in ought to help do that.

 

9-10 out, who would you expect?

 

Youri

Kasper/Ward

Soyuncu

Mendy 

Amartey

Perez

Vestergaard 

Bertrand

Lookman (if we don't sign him)

Edit: forgot soumare

Biggest issue would be finding buyers for the likes of Perez, Vestergaard and Bertrand, especially as Bertrand has been injured for months and he's also shite! 

Edited 25 May 2022 by jayfox26