Finances

[Stadt]

44 minutes ago, Ginger_Filbert said:

Don’t think Spurs actually pay that high wages. 

Their wage bill for the last set of accounts was 205m on a 360m turnover. This summer they've spent another 100m+ and have increased their wage bill significantly. They'll have CL revenues again but they're cutting it fine with their transfer spending and wages.

 

Why is it we're terrified of the UEFA FFP regs when we're absolutely not qualifying, not least with our commitment to signing nobody for fear of the very same regulations?

Edited 25 August 2022 by Stadt

[Le4fox]

We have certainly not made the most of winning the league 

[Stadt]

49 minutes ago, Terraloon said:

Everton aren’t concerned because they aren’t close to UEFA football their concern was around the PL version, As for Spurs they will be well within but the 70% isn’t the ration that will be measured for 3 or so years 

So it shouldn't be that much of concern for us either?

 

I'm starting to think we're trying to cut our cloth and operate in a leaner manner again - the FFP discussion is a good way of obfuscating that.

[Detroit Blues]

7 minutes ago, Le4fox said:

We have certainly not made the most of winning the league 

We needed to have made it into the champions league (the two years we barely missed out) to convince players that our title win was a sign that we were breaking into the "top six" on a more permanent basis. That would have made us a more appealing destination (rather than being the stepping stone club).

 

Also, all of the extra champions league revenue would have allowed us to continue to invest in the transfer market to reload like the other "top six" sides. 

[coolhandfox]

12 minutes ago, Stadt said:

So it shouldn't be that much of concern for us either?

 

I'm starting to think we're trying to cut our cloth and operate in a leaner manner again - the FFP discussion is a good way of obfuscating that.

I see that only as a good thing, being leaner means you look for smarter ways to do things. 

 

Can't help but think we have become a like complacent and lazy in lots of areas due to a little success. 

[Stadt]

3 minutes ago, coolhandfox said:

I see that only as a good thing, being leaner means you look for smarter ways to do things. 

 

Can't help but think we have become a like complacent and lazy in lots of areas due to a little success. 

Yeah I completely agree. There's a lot of necessary bloat and we're not the lean, hungry and creative operation which got us where we are now.

 

How many gems are out there for less < 5 million? In South America, Scandinavia, Africa and Eastern Europe? They're not sure bets but we've stopped making calculated gambles on cheap but high upside prospects. The Benkovic and Kramaric type deals are what will pay off for us in the long term, not the Bertrand, Vestergaard and Perez signings. We operate a bit more like Man United than Brighton (just at a much lower standing obviously).

[Babylon]

30 minutes ago, Stadt said:

Their wage bill for the last set of accounts was 205m on a 360m turnover. This summer they've spent another 100m+ and have increased their wage bill significantly. They'll have CL revenues again but they're cutting it fine with their transfer spending and wages.

 

Why is it we're terrified of the UEFA FFP regs when we're absolutely not qualifying, not least with our commitment to signing nobody for fear of the very same regulations?

It's not going to be just that, we're going to have an eye on it and it will impact what we do going forward. But we're on course for a massive loss on the last set of accounts, on top of a massive loss the previous set of accounts. 

 

We can't just keep making massive losses all the time. 

 

We could have spent £30m last summer, and £30m this summer. Rather than £60m last summer, and nobody would have batted an eyelid. 

[Stadt]

Just now, Babylon said:

It's not going to be just that, we're going to have an eye on it and it will impact what we do going forward. But we're on course for a massive loss on the last set of accounts, on top of a massive loss the previous set of accounts. 

 

We can't just keep making massive losses all the time. 

 

We could have spent £30m last summer, and £30m this summer. Rather than £60m last summer, and nobody would have batted an eyelid. 

Which were largely covid related (and some latent financial mismanagement) - we should be profitable again after next season when we shift 6 or 7 as their contacts expire.

 

I'd have been fine with a £30m spend per annum, none of our signings last season proved necessary. RW has been our priority for 4 years and last summer we spent our time and budget on a 4th choice CM and a 2nd or 3rd choice striker first.

 

I'm struggling to believe that we're ahead of the curve financially and have an eye of future FFP issues (even out of necessity), whilst half the PL is asleep at the wheel.

 

 

[ALC Fox]

58 minutes ago, An Sionnach said:

We are six years along since we became world famous and for a while even sexy but that has faded and with the imminent departure of Vardy , our one internationally known player will be gone. This is going to be a very difficult transition and fans will have to be accepting of that.  But they won't be.

Yeah that's fair enough. It certainly doesn't feel as though we capitalised on our moment in the sun as much as we could have done. Finished fifth twice and winning the FA Cup helped but I guess finishing fourth in both seasons and having Champions League football again for two seasons running would have sent us into the stratosphere, relatively speaking.

[Babylon]

10 minutes ago, Stadt said:

Which were largely covid related (and some latent financial mismanagement) - we should be profitable again after next season when we shift 6 or 7 as their contacts expire.

 

I'd have been fine with a £30m spend per annum, none of our signings last season proved necessary. RW has been our priority for 4 years and last summer we spent our time and budget on a 4th choice CM and a 2nd or 3rd choice striker first.

 

I'm struggling to believe that we're ahead of the curve financially and have an eye of future FFP issues (even out of necessity), whilst half the PL is asleep at the wheel.

 

 

We were only profitable most of the other seasons because we sold assets. Which nobody on here seems too want to do anymore. 

[Terraloon]

43 minutes ago, Babylon said:

We were only profitable most of the other seasons because we sold assets. Which nobody on here seems too want to do anymore. 

Without a major transfer out each season ( to at least match the amortisation charge ) Leicester simply can’t keep the same level of spend and keep in FFP 

[Fear Of The Fox]

1 hour ago, UHDrive said:

What if we didn't? Any idea as to the current status quo with remaining spend/salary? 

Even if we qualify for a European competition this year, under the current status we just risk a fine. From what I understand it's down to our ownership wanting to keep things tidy. As far as I know we're still in the Top 20 of the richest football teams in the world. 

[Dahnsouff]

47 minutes ago, Babylon said:

We were only profitable most of the other seasons because we sold assets. Which nobody on here seems too want to do anymore. 

This is the way

 

Until operation  “Youth Development Money Machine” comes on stream

[filbertway]

1 hour ago, Stadt said:

So it shouldn't be that much of concern for us either?

 

I'm starting to think we're trying to cut our cloth and operate in a leaner manner again - the FFP discussion is a good way of obfuscating that.

I think it's as simple as not wanting Rodgers to have much of a say in signings this summer while we haven't got Glover. I'm hoping that's the case anyway. We're turning down decent bids for players Rodgers doesn't want and not making much effort to get rid of them.

 

If that massive loan we're taking out is to fund the stadium plans on the assumption we get the green light on 14th September, then that would also make sense. Maybe the plan is to try and survive this season and then start again next season once we've got 6 or 7 duffers off the books.

 

At the end of the day, whatever Rodgers and the club come out with about this summer is not coming to fruition, so I'm not going to take them at face value at this stage. There's definitely something going on behind the scenes but it's anyone's guess what that is. 

[Stadt]

1 minute ago, filbertway said:

I think it's as simple as not wanting Rodgers to have much of a say in signings this summer while we haven't got Glover. I'm hoping that's the case anyway. We're turning down decent bids for players Rodgers doesn't want and not making much effort to get rid of them.

 

If that massive loan we're taking out is to fund the stadium plans on the assumption we get the green light on 14th September, then that would also make sense. Maybe the plan is to try and survive this season and then start again next season once we've got 6 or 7 duffers off the books.

 

At the end of the day, whatever Rodgers and the club come out with about this summer is not coming to fruition, so I'm not going to take them at face value at this stage. There's definitely something going on behind the scenes but it's anyone's guess what that is. 

If the club didn't trust him they'd have sacked him, even permitting the finances of the deal. Sacking Rodgers earns us more points than any £25m winger will.

[filbertway]

1 hour ago, Stadt said:

If the club didn't trust him they'd have sacked him, even permitting the finances of the deal. Sacking Rodgers earns us more points than any £25m winger will.

I'd love to believe this, but the lack of desire to move players on doesn't add up with that. Surely they would be wanting to free up spaces (the opportunity has been there for multiple players) so Rodgers can bring in more players?

 

I mean..the other possibility is that we've got people who are way in over their head and haven't got a scooby doo what to do next. This one is becoming more likely by the day.

[TeaMen Tom]

5 hours ago, KFS said:

It’s clear they’re fed up with Rodger’s signings after every one of them last year failed to make an impact. He can’t, because of brand Brendan, come out and say that they’ve not backed him because they don’t trust his signings, so he’s spinning it as we need to ‘balance the books’. All the while that Bertrand, Vestegaard, Soumare and Daka all sit there not contributing, he’s not getting any net new signings in. You know what, I don’t think I necessarily blame Top either. The shame is us fans getting the shitty end of the stick because this team NEEDS fresh blood else it could well get relegated. 

It seems like the short term objective has to be to weather the storm and stay in the league. Brendan probably needs to move on, but it sounds like they're stuck with him and the squad really does need fresh blood.  I fear it's going to take some sort of shellacking(s) to push Top & Co to do something they really don't want to do, which is buy out the manager and sell assets for a lot less than they apparently want.  Those hoping for this may get their wish starting this weekend. The team is lifeless and all the signs point to this potentially turning into a debacle.

[Stadt]

8 minutes ago, filbertway said:

I'd love to believe this, but the lack of desire to move players on doesn't add up with that. Surely they would be wanting to free up spaces (the opportunity has been there for multiple players) so Rodgers can bring in more players?

 

I mean..the other possibility is that we've got people who are way in over their head and haven't got a scooby doo what to do next. This one is becoming more likely by the day.

The sclerosis is in just about every department so it's the latter.  It's not like we're operating well everywhere besides moving players on 

[Corky]

4 hours ago, An Sionnach said:

Everton, Villa , Newcastle and West Ham probably receive 25- 40% more gate receipts . We have hit a wall because of our small stadium and poor commercial income. We cannot sustain a top ten status on transfer receipts alone , that is a myth. The club knew all this but have done precious little about it 

Everton have quite low ticket prices, don't they?

[Le4fox]

I reckon the decision not to sign a world class marquee signing after winning the league for fear of rocking the boat in the dressing room regarding wage difference was a gamble. I would have rather have taken that gamble than the position were in now due to taking a gamble we have with Europe the last two seasons, we could of held our place in the top 6 with a another top player. Very big missed opportunity we’ll never get back 

[StanSP]

9 minutes ago, Le4fox said:

I reckon the decision not to sign a world class marquee signing after winning the league for fear of rocking the boat in the dressing room regarding wage difference was a gamble. I would have rather have taken that gamble than the position were in now due to taking a gamble we have with Europe the last two seasons, we could of held our place in the top 6 with a another top player. Very big missed opportunity we’ll never get back 

Hindsight is a wonderful thing.

[Chrysalis]

If the athletic want credibility as an authoritive article then attach a board members name to it, otherwise I consider it speculation.

[st albans fox]

4 minutes ago, Chrysalis said:

If the athletic want credibility as an authoritive article then attach a board members name to it, otherwise I consider it speculation.

😂😂😂😂😂

ain’t never gonna happen ……

[Tuna]

8 minutes ago, Chrysalis said:

If the athletic want credibility as an authoritive article then attach a board members name to it, otherwise I consider it speculation.

Hmm, journalist hanging their source out to dry, not sure that's how journalism works.

[TrentFox]

4 hours ago, Babylon said:

It's not going to be just that, we're going to have an eye on it and it will impact what we do going forward. But we're on course for a massive loss on the last set of accounts, on top of a massive loss the previous set of accounts. 

 

We can't just keep making massive losses all the time. 

 

We could have spent £30m last summer, and £30m this summer. Rather than £60m last summer, and nobody would have batted an eyelid. 

At least we’ve got Daka, Soumare, Vesty and Bertrand to show for it, though 👍