Finances

[Le4fox]

I was equally frustrated at the time we didn’t grab it with both hands 

[whoareyaaa]

3 hours ago, Le4fox said:

I was equally frustrated at the time we didn’t grab it with both hands 

We lost Kante though which was a big loss and we couldn't stop that then Mahrez threw his toys out the pram and wanted away that's two of our three world class players gone.. hard to replace players like that.

Edited 25 August 2022 by whoareyaaa

[Heathrow fox]

4 hours 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 

Who would you have gone for then?We had a World class midfielder and he wanted to leave for a club that finished mid table !!

Mane maybe?He wasn’t even considered World Class at the time yet would’ve picked 8th placed Liverpool over Champions Leicester every single time.
I agree that window was a huge disappointment.Especially as we broke our transfer record three times.The squad needed bolstering with continental experience and we just couldn’t afford to take proven players from the Prem.

 

 

[ChrisFilter]

Every signing is a gamble. Slimani could have been incredible. The difference is that big clubs can afford for 1 in 2 marquee signings working out. 

[Tom12345]

If we are in trouble financially, what if we didn’t choke in the two seasons before last and got into CL. As predicted by many at the time, that was a rare opportunity the club could have gone to the next level, but with Rodgers stuffing it up, it looks like such an opportunity will not come again for a long while. This season will be make or break for us to stay as a competitive force while we still have the squad although that looks to be breaking up as well if Fofana and Tielemans go.

 

Bring Steve Walsh back.

Edited 26 August 2022 by Tom12345

[grobyfox1990]

9 hours ago, Heathrow fox said:

Who would you have gone for then?We had a World class midfielder and he wanted to leave for a club that finished mid table !!

Mane maybe?He wasn’t even considered World Class at the time yet would’ve picked 8th placed Liverpool over Champions Leicester every single time.
I agree that window was a huge disappointment.Especially as we broke our transfer record three times.The squad needed bolstering with continental experience and we just couldn’t afford to take proven players from the Prem.

 

 

Exactly. Slimani probably had more credence as a continental striker than Mane at the time. As we’ve quite painfully seen over the last few years, it’s not as simple as buying a few brand names, throwing them on the pitch and success will inevitably come. You actually need to put the work in with them 

[sacreblueits442]

18 hours ago, Detroit Blues said:

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. 

..we possibly could gave pocketed £100m had be qualified on both occasions!!!

[st albans fox]

Just now, sacreblueits442 said:

..we possibly could gave pocketed £100m had be qualified on both occasions!!!

And we would have spent a lot more than we did had we done so 

 

our issue is our background base income away from tv - that isn’t changing anytime soon 

we should have been out there in the community, in the schools, driving a load of kids becoming engaged with the club rather than liverpool and yanited. 
 

I’m still thinking the basic issue this summer is more numbers not in the squad (or without much hope of seeing any game time if they are). 
 

at least Top can see his horses run, even if they finish near the back ! 

[Spudulike]

Percy has spoken behind a pay wall. Might be interesting to those that can read it (and those that can't).... 

 

 

[Matt]

Not really sure the article shines any new light or actually explains anything.
 

I think there are financial concerns, the belt has been tightened but I’m still very much of opinion the club have basically said mostly shit has been bought under Rodgers’ tenure, we’re not comfortable with your input with any new signings, the club also have to take responsibility for over paying, over paying on wages and allowing Rodgers to bring his own recruitment staff in going away from a model that was largely successful.

I feel the club are trying to strangle back control by appointing their own choice (I assume it’s their own choose) of head of recruitment - another own goal was made by accepting him to start in September, when the transfer window is shut.

 

Edited 26 August 2022 by Matt

[moore_94]

I went through it and it doesn’t really say anything different to what we know:

 

- King Power finances took a battering from Covid

- Stupidly high wage bill

- Have to sell at least 2 players to give us money and reduce the amount of players we have before signing anyone

- We will be spending less than half of what we get for Fofana if he goes

Edited 26 August 2022 by moore_94

[Grebfromgrebland]

The party I didn't realise was massive reduction in the owners wealth.

 

They couldn't help us out even if they wanted to.

[Fox92]

I read the Telegraph article and it says our overall borrowings are now £287m.

 

However, the interesting point for me was that "there is also £63m in outstanding transfer instalments, against just under £20m due in". Who are we paying for still?

[RonnieTodger]

Consolidation 2022/23!

[Wasyls Pec Deck]

53 minutes ago, sacreblueits442 said:

..we possibly could gave pocketed £100m had be qualified on both occasions!!!

If we’d have qualified the first time around we wouldn’t have qualified the year after - not with the burden European games place on a squad.

[Fox92]

55 minutes ago, sacreblueits442 said:

..we possibly could gave pocketed £100m had be qualified on both occasions!!!

Aside from we'd have bought more players to cope with extra games and these players would have wanted more wages anyway because they'd have probably been better players.

[st albans fox]

1 hour ago, Fox92 said:

I read the Telegraph article and it says our overall borrowings are now £287m.

 

However, the interesting point for me was that "there is also £63m in outstanding transfer instalments, against just under £20m due in". Who are we paying for still?

The small amounts due in are because we’ve forward borrowed the chillwell and Mahrez monies so those instalments are  not coming in each year. Also maguire was all paid upfront. 

 

most fees are paid over four or five years 

 

this is why I think the biggest issue for the club is players on big money and not contributing. If you buy a player for forty mill on a 5 year deal and pay him 75k/week, you’re taking on an annual cost of approx £12m 

 

Not a huge amount. 

[Spudulike]

I think it was reported that ManU paid us an extra £5m for Maguire when they qualified for the UCL (at our expense) making the actual fee around £85m.

[StanSP]

1 hour ago, Matt said:

I feel the club are trying to strangle back control by appointing their own choice (I assume it’s their own choose) of head of recruitment - another own goal was made by accepting him to start in September, when the transfer window is shut

Perhaps out of the club's control about his start date? As in, given he's from another club there's probably things out of their control to dictate his start date. 

 

I agree they want more control back.

 

There's no way he's been appointed behind Rodgers' back. There's bound to be conversation with him that he's being hired. I'd be worried if that wasn't the case and can't imagine it was done without some input from Rodgers. 

[BKLFox]

Anyone thinking we are where we are because in their words “Rodgers bottled champions Lge” has no idea about business.

 

Yes it would have brought in funds but then twice as much would have had to be spent in order to “try” and stay there “Success Breeds Reward” why do you think the wages are so inflated now?
We have had to reward those players with new contracts to try and keep them here. We would also have to pay more in transfer fees as we would need to be looking at ready made players to keep us there, we would have to entice them with higher wages and the circle continues.

 

Truth is we have been punching above our station how ever that hurts your feelings, Leicester City does not have the financial muscle to cement itself in the elite echelons of the Premier Lge “Unless” it’s willing to risk its existence and I for one am glad the club is not willing to jeopardise that and are trying to secure the long health of the club instead.

 

 

 

Edited 26 August 2022 by BKLFox

[Kierzz]

1 hour ago, Fox92 said:

I read the Telegraph article and it says our overall borrowings are now £287m.

 

However, the interesting point for me was that "there is also £63m in outstanding transfer instalments, against just under £20m due in". Who are we paying for still?

If fofana gets called up to France I'm sure there will be an add on and also after so many first team appearances.

 

Perez seemed to have a complex fee structure which was reported to be 16-30 million so suspect there could be some addons there relating to number of games hence why he plays less for us now.

 

Soumare, Daka and Vestergaard could have had their transfer fees spread over a few windows so could still be paying for them.

 

Out of the 63 million though I suspect some are performance related addons (e.g. international call-ups, number of caps, number of appearances for us, qualification into Europe, etc) so we may never need to pay all of it.

[tsintskaro]

Right now there should be more blame on the club, rather than Rodgers

but even foxestalk is very quiet when it comes to criticizing club and whoever there is in high management 

Edited 26 August 2022 by tsintskaro

[Nalis]

1 hour ago, Fox92 said:

Aside from we'd have bought more players to cope with extra games and these players would have wanted more wages anyway because they'd have probably been better players.

Exactly this.

 

In a strange way we'd possibly be even more financially fvcked if we qualified for that reason, but obviously would have beem fun from a footballing perspective.

 

Even with 2 seasons in a row, we wouldnt have had the clout to stay there.

 

All in all yet another reason modern day football is broken for the (once) aspiring clubs like us.

[Fear Of The Fox]

Talking with IFs but even if we've had qualified 2yrs in a row for CL football we might still have been in the same situation with very high wages and spending a lot to maintain or even improve our status in PL and European football? I know the share money pool in CL is big but it's not a proper financial panacea especially for clubs like ours. 

[Chico1958]

On 20/08/2022 at 21:21, foxfanazer said:

We sold a fridge freezer for £80m not too long ago. I doubt we'd be in that much debt

You forgot to Mention it was Second Hand