A voice of Reason.

[st albans fox]

4 minutes ago, iancognito said:

I want to know what's gone on between about March/ April time when all the talk was of surgery to the squad - and even Top himslef said at the end of the season he was expecting a busy transfer window - to now when it seems to be a total rift between Rodgers and the board about any players coming in. He's making remarks about it at almost every opportunity, even saying in today's post-match that the fans haven't had the lift of new signings and are rightly frustrated.

Whatever is going on behind the scenes, it needs sorting out. You cannot have what, until 6 months ago, was a well-run outfit fall apart like it is doing. He's not covering himself in glory with his actions right now and that surely passes on to the players but everyone agreed the squad needed a rebuild and it's not actually his fault that hasn't happened. It should have been adressed in the summer and everyone either agree to shut up and get on with it, or part ways. We're looking like a bunch of tits withthe 4th highest paid manager throwing his toys out after 3 games.

The obvious answer is the new uefa ffp 
 

but the risk of not buying anyone and it’s knock on effects is surely greater if you becomes involved in a relegation scrap. 

 

and refusing to buy until you move on excess players from the squad is part of that. At some point you have to accept that it’s going to cost you and bite the bullet. 

 

 

[splinterdream]

14 minutes ago, Bayfox said:

There's money and no one at the club has ever said otherwise. Even the dwarf accepts its wages that have crippled us. And why he may not be the one handing out the contracts he must have know the situation despite his quotes.

apparantly Peter Schmeichel was on R5 this afternoon saying we have no money. I personally think the problems are deeper than we're led to believe

[iancognito]

6 minutes ago, st albans fox said:

The obvious answer is the new uefa ffp 
 

but the risk of not buying anyone and it’s knock on effects is surely greater if you becomes involved in a relegation scrap. 

 

and refusing to buy until you move on excess players from the squad is part of that. At some point you have to accept that it’s going to cost you and bite the bullet. 

 

 

New yes, but it wasn't sprung on people in July. Rudkin and the financial directors must have known about the guidelines and made everyone aware of that. If Rodgers was talking to the players he wanted in the summer, as he said in an interview two days ago, then someone hasn't filled him in about the finances. No surprise he's pissed off about it. At £stupidM per year, he should be able to get more out of this group than he is doing but I do have sympathy because the fanbase is just as aware as him the side needs new faces. Rodgers is a good figurehead to point the finger at but there's a few faceless people at the club with just as much responsibility for the decline over the last 12-18 months.

[Bayfox]

Just now, splinterdream said:

apparantly Peter Schmeichel was on R5 this afternoon saying we have no money. I personally think the problems are deeper than we're led to believe

Yeah because top sat down with kaspers dad to discuss his finances

[Ric Flair]

3 hours ago, Ashley said:

Firstly, I'm angry right now after today. We controlled the game went 1-0 up then shït it. 

 

On another note, I don't think we can sack Brendan. 

 

We sell Fofana for £80/£85m what ever the fee may be then sack Rodgers. 

 

We owe 20% of the profits to St Ettiene then we would owe Rodgers £30m. That's is practically that money gone. 

 

Then adding to that, who takes the job? Who could we get that is good enough to turn us around and meet or expectations?

We don't owe Brendan Rodgers £30m to sack him

[st albans fox]

5 minutes ago, iancognito said:

New yes, but it wasn't sprung on people in July. Rudkin and the financial directors must have known about the guidelines and made everyone aware of that. If Rodgers was talking to the players he wanted in the summer, as he said in an interview two days ago, then someone hasn't filled him in about the finances. No surprise he's pissed off about it. At £stupidM per year, he should be able to get more out of this group than he is doing but I do have sympathy because the fanbase is just as aware as him the side needs new faces. Rodgers is a good figurehead to point the finger at but there's a few faceless people at the club with just as much responsibility for the decline over the last 12-18 months.

I think by July we knew we had issues

im not sure the new rules resonated completely until some time in may 

 

I assume that we just thought it would be easy to move half a dozen players on - YT, Bouba, praet, perez, vesteraard, hamza and that would allow us to bring three in at least plus maybe a couple, of youngsters. 

[splinterdream]

Just now, Bayfox said:

Yeah because top sat down with kaspers dad to discuss his finances

as i said earlier, you don't have to look at the accounts to see with tourism hugely reduced in Thailand, KP will have a massive reduction in revenue. Does Top have control over KP's finances? Therefore is there the financial backing that there was when Vichai was alive? whoever is at the club as vastly overpriced our players and given them infalted contracts which is why our wage bill is high, we're in a mess so who's responsible? There are questions on the manager, but i think theres questions on those running the club also, all reasonable questions

[st albans fox]

1 minute ago, Ric Flair said:

We don't owe Brendan Rodgers £30m to sack him

If he decided that he doesn’t want to work for the next three years then we could do over that period (depends how his contract is written) …… don’t accountants have to provide for the worst case scenarios ?

[Ric Flair]

1 minute ago, st albans fox said:

I think by July we knew we had issues

im not sure the new rules resonated completely until some time in may 

 

I assume that we just thought it would be easy to move half a dozen players on - YT, Bouba, praet, perez, vesteraard, hamza and that would allow us to bring three in at least plus maybe a couple, of youngsters. 

I don't know what gave them that idea as we've never found it easy to move such players on, usually it's loans at best so either they are more clueless than we think they are or something has changed on whether to back Brendan or not without a head of recruitment in.

[Ric Flair]

1 minute ago, st albans fox said:

If he decided that he doesn’t want to work for the next three years then we could do over that period (depends how his contract is written) …… don’t accountants have to provide for the worst case scenarios ?

If Rodgers has a release clause (he did in his first contract he signed here) then sacking a manager is at worst the same as the release clause, which is around a year / year and half wages.

[Bayfox]

1 minute ago, splinterdream said:

as i said earlier, you don't have to look at the accounts to see with tourism hugely reduced in Thailand, KP will have a massive reduction in revenue. Does Top have control over KP's finances? Therefore is there the financial backing that there was when Vichai was alive? whoever is at the club as vastly overpriced our players and given them infalted contracts which is why our wage bill is high, we're in a mess so who's responsible? There are questions on the manager, but i think theres questions on those running the club also, all reasonable questions

Please can we dispell this myth KP revenue has any impact on Leicester City Football Club.

 

$ky, BT, Amazon, overseas TV revenue fund Leicester City Football Club. Other than the sponsorship of the ground KP group haven't pumped cash into LCFC since they dealt with the initial debts, mostly the ones they had racked up against the club anyway. And did the share issue. 

 

Infact if anything with the ridiculous TV deals still growing Top should be making sure the club runs at a profit and claiming a few dividends if the rest of the assets are ****ed because of covid etc. Our football club should become a revenue stream in its self for him if ran correctly.

[Ric Flair]

2 minutes ago, Bayfox said:

Please can we dispell this myth KP revenue has any impact on Leicester City Football Club.

 

$ky, BT, Amazon, overseas TV revenue fund Leicester City Football Club. Other than the sponsorship of the ground KP group haven't pumped cash into LCFC since they dealt with the initial debts, mostly the ones they had racked up against the club anyway. And did the share issue. 

 

Infact if anything with the ridiculous TV deals still growing Top should be making sure the club runs at a profit and claiming a few dividends if the rest of the assets are ****ed because of covid etc. Our football club should become a revenue stream in its self for him if ran correctly.

The only thing KP do have the ability to do is provide loans interest free over a very long time.

[iancognito]

2 minutes ago, Ric Flair said:

I don't know what gave them that idea as we've never found it easy to move such players on, usually it's loans at best so either they are more clueless than we think they are or something has changed on whether to back Brendan or not without a head of recruitment in.

I mean there's another thing. Not bringing in the HOR til after the window is just daft, that's the politest I can be about that. A side looking to rebuild, has no-one in charge of the rebuild until after it's too late to do so. And that's what I mean about faceless people at boardroom level making decisions with no accountability. If we had any ACTUAL idea about who does what at the club we could direct a few of those boos today at them too because I'm as pissed about the general malaise round the club this summer as I am about the brand of football we're playing.

[iancognito]

4 minutes ago, Bayfox said:

Please can we dispell this myth KP revenue has any impact on Leicester City Football Club.

 

$ky, BT, Amazon, overseas TV revenue fund Leicester City Football Club. Other than the sponsorship of the ground KP group haven't pumped cash into LCFC since they dealt with the initial debts, mostly the ones they had racked up against the club anyway. And did the share issue. 

 

Infact if anything with the ridiculous TV deals still growing Top should be making sure the club runs at a profit and claiming a few dividends if the rest of the assets are ****ed because of covid etc. Our football club should become a revenue stream in its self for him if ran correctly.

This.

 

King Power itself has barely put a penny of it's own money towards player purchases since that initial season under Sven, certainly since hitting the Prem. The TV & sponsoship money covers virtually everything we do football-wise. The only place that gets that KP input is the infrastructure of the training ground, expansions and club development.

[splinterdream]

4 minutes ago, Bayfox said:

Please can we dispell this myth KP revenue has any impact on Leicester City Football Club.

 

$ky, BT, Amazon, overseas TV revenue fund Leicester City Football Club. Other than the sponsorship of the ground KP group haven't pumped cash into LCFC since they dealt with the initial debts, mostly the ones they had racked up against the club anyway. And did the share issue. 

 

Infact if anything with the ridiculous TV deals still growing Top should be making sure the club runs at a profit and claiming a few dividends if the rest of the assets are ****ed because of covid etc. Our football club should become a revenue stream in its self for him if ran correctly.

as far as i understood it TV money goes to the PL and gets divvied out equally, then clubs get money for position finish, then theres europe and sponsorship, the biggest cost of a club is wages, and ours is high. from what i read from another poster, currently around 105% of our revenue. I'm not that savvy on this so i don't know

[Bayfox]

4 minutes ago, Ric Flair said:

The only thing KP do have the ability to do is provide loans interest free over a very long time.

But recently we haven't been doing that we are using other means which is well documented elsewhere. As far as I'm aware KP haven't provided us loans or cash injections.for several seasons now.

[Dahnsouff]

1 minute ago, iancognito said:

This.

 

King Power itself has barely put a penny of it's own money towards player purchases since that initial season under Sven, certainly since hitting the Prem. The TV & sponsoship money covers virtually everything we do football-wise. The only place that gets that KP input is the infrastructure of the training ground, expansions and club development.

So you are saying that they do put money in then? 

[Bayfox]

6 minutes ago, splinterdream said:

as far as i understood it TV money goes to the PL and gets divvied out equally, then clubs get money for position finish, then theres europe and sponsorship, the biggest cost of a club is wages, and ours is high. from what i read from another poster, currently around 105% of our revenue. I'm not that savvy on this so i don't know

Yes the money from tv deals goes in a pot but if you check our accounts the biggest source of income by a county mile is the tv cash as it is for all PL clubs.  But KP don't put a penny of there own cash in nowdays bar the ground sponsorship. The club is owned by the group but ran entirely as its own entity.

 

One which actually increased its revenue streams despite covid. But still showed losses because of the reason you mention. Our wage to turnover ratio is our of control. 

 

We should start to cut our cloth more accordingly. Many fans may not like that, but we need to be much more business savvy again. 

Edited 20 August 2022 by Bayfox

[Bayfox]

6 minutes ago, iancognito said:

This.

 

King Power itself has barely put a penny of it's own money towards player purchases since that initial season under Sven, certainly since hitting the Prem. The TV & sponsoship money covers virtually everything we do football-wise. The only place that gets that KP input is the infrastructure of the training ground, expansions and club development.

Even the training ground was a loan against future tv money and the outstanding payment due from man city for mahrez at the time but that's been covered before. 

[Ric Flair]

5 minutes ago, Bayfox said:

But recently we haven't been doing that we are using other means which is well documented elsewhere. As far as I'm aware KP haven't provided us loans or cash injections.for several seasons now.

I think they still have, the training ground facility is through them is it not? We took a lot of these other loans on short term but there's so many of them now it's hard to keep track.

[Ric Flair]

Just now, Bayfox said:

Even the training ground was a loan against future tv money and the outstanding payment due from man city for mahrez at the time but that's been covered before. 

I'm pretty sure that loan got paid off, we assumed by KP but who knows.

[iancognito]

2 minutes ago, Dahnsouff said:

So you are saying that they do put money in then? 

Only with regards the infrastructure and building projects because that's something that is about the expansion of their brand and the development side. The day-to-day running of the club, wages, transfers etc, no. The football club's incomings from merch sales, tickets, sponsorship and TV money finances the club itself. And if you look at the season-by-season transfers, it's easy to see where things balance out. Top is not there writing out cheques for players from his TSB young savers account.

[Bayfox]

Just now, Ric Flair said:

I'm pretty sure that loan got paid off, we assumed by KP but who knows.

I stand corrected if wrong. But the capital was definitely provided to the club and we used the fact man city still owed roughly 30 million for mahrez at that time. Plus mortgaging future TV revenue. So I'd assume the club paid it back. And then we borrowed again against TV mo ey to provide cash flow. This is why we wanted all the money for Harry upfront. There's other threads on here but I'm pretty sure we have again taken a loan to provide instant cash this season as well.

[4everfox]

The club has been naive enough to believe that our top six spot was consolidated under Rodgers, and now we're stuck with a top six expenditure that we can't afford and a group of disheartened players because they aren't playing in Europe as expected. The team he fielded today was weaker then the team he fielded in his first match, in 2019. How is that even possible? 

[iancognito]

1 minute ago, Ric Flair said:

I'm pretty sure that loan got paid off, we assumed by KP but who knows.

I read it that the Mahrez fee was paid upfront as a way of paying off the training ground loan more quickly. The loans for bothe Seagrave and the expansion were taken out within months of each other. I have no idea how it works with the expansion loan being paid off given that nearly 2 years later virtually nothing has been done.