Do you think Top is looking to sell the Club

[Babylon]

Just now, Ric Flair said:

Hahahaa yes because they completely ground it to a halt

Yes, because we are losing too much money. The simple answer is we need to stop losing so much money. It’s vastly more plausible than cutting back to sell.

[Clever Fox]

16 minutes ago, turlo said:

Top did put his hand in his back pocket in the previous 2 years to help us through Covid. It's in the annual accounts that he made a 30 mill personal donation to the club last year and a 40 mill working capital loan from KP the year before that. He might of already done the same this year but we won't find out until the accounts are released, What the fans don't see is that investment going towards the shiny new toys that we all want but while our wage bill is out of control most of what he's put it is likely to be going towards covering our operating costs.

I didn't know that and it's good to hear that he's as committed as his dad.

I'm sure will all the upheavel in the KP that his attention and focus might be elsewhere, and thats understandable igven what they've been through with Covid etc.

The Investements in infrastructure will lift the Club up a few more notches going forward, I've no doubts about that.

In the short term we might just have to settle for mediocracy in the short term while things improve.

Even a return to the Championship would'nt be the worse that could happen with the view of coming back stronger.

[Ric Flair]

Just now, Babylon said:

Yes, because we are losing too much money. The simple answer is we need to stop losing so much money. It’s vastly more plausible than cutting back to sell.

I get that and we do have to change things, but as we have been told its not FFP domestically that is the immediate issue. The simplistic way out of this is that we have to generate income from selling players and have our recruitment almost faultless once again and yet we had no desire to sell anyone of any worth this summer u til we were forced to buy unprofessional conduct. Keeping this same squad together that's slowly regressing doesn't improve our financial situation quickly.

 

Selling the club does if that's how bad it really has got. 

[gw_leics772]

2 hours ago, foxile5 said:

I really hope he isn't. I hope this is just baseless conjecture. 

 

He's been a great owner and, even with the uncertainty around the club, he's a hero and I love having him running the ship. 

 

I will be gutted beyond belief if this is true. 

Me too,  unless the new owner is rich beyond our wildest dreams, then I reckon I'll get over it.

[Babylon]

6 minutes ago, Ric Flair said:

I get that and we do have to change things, but as we have been told its not FFP domestically that is the immediate issue. The simplistic way out of this is that we have to generate income from selling players and have our recruitment almost faultless once again and yet we had no desire to sell anyone of any worth this summer u til we were forced to buy unprofessional conduct. Keeping this same squad together that's slowly regressing doesn't improve our financial situation quickly.

 

Selling the club does if that's how bad it really has got. 

Our financial situation changes automatically next summer due to the number out of contract. If the clubs finances were they dire we wouldn’t be handing out longer contacts to 35 year olds and wouldn’t be rejecting offers of big money for anyone. 

[Mr Weller 2]

People on here think the sky is falling down just because we’ve hit a rough patch. Owners looking to sell don’t invest a fortune on a new training ground and submitting plans to expand the stadium and add a host of events facilities.

[stourbridgefox]

I think everything will be OK and people are worrying about nothing.

 

Financial prudence in the long-term is the Far Eastern way of running a business and BR hadn't become a bad manager overnight.

 

Another 4 games, the Transfer Window closed and a more settled squad will see a rosier picture emerge.

 

M Meg.

Edited 30 August 2022 by stourbridgefox

[Claudio Fannieri]

Surely if the Financial position is as dire as some have been told then surely we would have had a fire sale of players. 
 

We have been negotiating with a number of clubs to sell players to then walk away as they hadn’t reached our valuation, that doesn’t suggest an immediate need to raise cash, if it was then we would accept bids slightly below our valuations and we would have sold Madders or Barnes for a reduced fee. 
 

As I see it, we have got ourselves a bit over excited in the less couple of years, much like we did in the early years with Sven. We have backed our Manager by not selling a top player each season and also investing in new players and new contracts to push for Champions League. This hasn’t been delivered and the realisation is that we have stepped away from our sustainable and successful model and the powers at be have slammed l the brakes in a attempt to get us back on the right tracks. 
 

If Rodgers does leave, I wouldn’t be shocked to see us appoint a Manager in a similar mould to Pearson, a manager who builds squads with young, hungry players rather than looking to bring in established talent in their prime. 
 

The appointment of Martyn Glover points to that direction of travel as he is somewhat known for recruiting bargains and younger talent. 
 

The investment, the emotional attachment the owners have with the club and also the desire to continue Vichai’s legacy, I would be amazed if they sold the club, however if they did feel they didn’t have the resources to keep Leicester competitive I think it would be more likely they would seek further investment but retain a controlling interest. 
 

I really do believe they have taken some calculated risks over the past couple of years backing our ‘elite’ manager to takes us to the next level and now it appears the current squad have reached the summit of their powers, the decision has been made to cut our cloth, remove some of the higher earners who are deemed disposable, and then start a new cycle this season and next season. 
 

We need to ensure we remain competitive over the next couple of years, stabilise and go again. It feels very similar to when Shakey left and Puel came in and the direction of travel changed significantly. 
 

For that reason I still believe Rodgers will leave  before the World Cup and his replacement will be very different in their outlook. 

[LinekersLugs]

7 hours ago, Babylon said:

Our financial situation changes automatically next summer due to the number out of contract. If the clubs finances were they dire we wouldn’t be handing out longer contacts to 35 year olds and wouldn’t be rejecting offers of big money for anyone. 

The finances are dire ! It’s not the lack of cash it’s the constraints ! It’s really bad 

[st albans fox]

48 minutes ago, LinekersLugs said:

The finances are dire ! It’s not the lack of cash it’s the constraints ! It’s really bad 

If you mean trying to meet uefa ffp then I don’t get it 

 

we risk a relegation fight on the off chance we might finish 7th or win a cup …..

 

just toss off thoughts of europe for two seasons whilst we get rid of the ‘dead wood’

 

if it’s something else  then I’d like to hear it 

[CosbehFox]

17 minutes ago, st albans fox said:

If you mean trying to meet uefa ffp then I don’t get it 

 

we risk a relegation fight on the off chance we might finish 7th or win a cup …..

 

just toss off thoughts of europe for two seasons whilst we get rid of the ‘dead wood’

 

if it’s something else  then I’d like to hear it 

 

[reynard]

20 minutes ago, st albans fox said:

If you mean trying to meet uefa ffp then I don’t get it 

 

we risk a relegation fight on the off chance we might finish 7th or win a cup …..

 

just toss off thoughts of europe for two seasons whilst we get rid of the ‘dead wood’

 

if it’s something else  then I’d like to hear it 

No I don't either. We're not likely to be playing in Europe for quite a while if ever again (certainly not guaranteed for a club like us) so what is the rush to meet this uefa ffp? Or am I not understanding it at all.

If things are generally dire then surely this would be more apparent in the club's published finances at company house?

 

[ronnup]

Here's a question then...what would he sell for ?

 

[Babylon]

27 minutes ago, st albans fox said:

If you mean trying to meet uefa ffp then I don’t get it 

 

we risk a relegation fight on the off chance we might finish 7th or win a cup …..

 

just toss off thoughts of europe for two seasons whilst we get rid of the ‘dead wood’

 

if it’s something else  then I’d like to hear it 

It's going to be numerous things:

 

1. Our wage to revenue percentage was too high whether any of these rules were there or not. 

2. Covid has caused massive losses both here and at Kingpower in general. They might not be prepared to cover the losses in their current short term situation, and we as a club simply can't keep losing huge amounts of money. 

3. We invested heavily last summer, see point 2. We can't keep doing that without selling players like we used to. 

4. We will have an eye on both the UEFA rules and the fact the premier league are likely to introduce something similar, even if watered down. It's prudent to start thinking about it and trying to shave some money off costs, see point 1. 

5. Depending on last years losses and whatever this years were going to be, we need to keep an eye on premier league FFP also.  

6. We've invested in infrastructure projects, at some point that needs paying for. 

[Babylon]

1 hour ago, LinekersLugs said:

The finances are dire ! It’s not the lack of cash it’s the constraints ! It’s really bad 

Where is the cash then? We're losing double digit millions each year. If we want to be sustainable, of course it's lack of cash at the moment. 

[CosbehFox]

People are also forgetting that the model post winning the league was to always sell one player to boost the revenue. We simply haven’t done that for two seasons and we’ve lost European football as the alternative revenue booster. 

[Babylon]

3 minutes ago, Cardiff_Fox said:

People are also forgetting that the model post winning the league was to always sell one player to boost the revenue. We simply haven’t done that for two seasons and we’ve lost European football as the alternative revenue booster. 

The "don't sell players" but also "why aren't we buying players" mentality on here is truly mind boggling. 

[PAPA LAZAROU]

9 hours ago, Mr Weller 2 said:

People on here think the sky is falling down just because we’ve hit a rough patch. Owners looking to sell don’t invest a fortune on a new training ground and submitting plans to expand the stadium and add a host of events facilities.

The training ground came pre covid as was the planning for the expansion ( which hasn't been yet passed or any work started on ). They are all future saleable assets. like a conservatory or extension on your home. It would not stop you from selling if you wanted to and indeed it pushes up your investment price. If top decided to call it a day there would be no sentimentality in his decision.

Edited 31 August 2022 by PAPA LAZAROU

[st albans fox]

30 minutes ago, Cardiff_Fox said:

 

Bugger! 

[Babylon]

3 minutes ago, st albans fox said:

Bugger! 

It's under discussion and will only get passed if it's watered down. 

[st albans fox]

41 minutes ago, Babylon said:

It's under discussion and will only get passed if it's watered down. 

Let’s go all viv Nicholson then !!

 

(one for the teenagers)

[somebum]

1 hour ago, ronnup said:

Here's a question then...what would he sell for ?

 

In it's current state, a bowl of rice

[justfoxes]

On 27/08/2022 at 08:19, Rusko187 said:

Where? FB Marketplace? Gumtree?

 

If it’s even remotely true, may only be for a percentage… try and get someone else on board and build revenue.

Think it might have been on Shpock apparently they’ve boosted the listing for 1 week for £30 😂

[justfoxes]

10 hours ago, stourbridgefox said:

I think everything will be OK and people are worrying about nothing.

 

Financial prudence in the long-term is the Far Eastern way of running a business and BR hadn't become a bad manager overnight.

 

Another 4 games, the Transfer Window closed and a more settled squad will see a rosier picture emerge.

 

M Meg.

According to Forbes his wealth is fine yes they struggled over the pandemic but I can’t see Top selling the club, maybe there is something in it regarding Rodgers not being trusted with huge funds or a fall out with Rudkin who knows !

 

https://www.forbes.com/profile/aiyawatt-srivaddhanaprabha/?sh=16e7fe28712e

[Philkeavo]

1 minute ago, justfoxes said:

maybe there is something in it regarding Rodgers not being trusted with huge funds or a fall out with Rudkin who knows !

I think there is more than a grain of truth in this. Rodgers recent pressers are getting bolder in terms of imho criticism of the club. At his press conference yesterday he said this “Environments are about stability and process. If you have the right environment, and it’s stable and the processes are right, that allows you to progress.” that is pretty heavy depressing stuff. None of us really know what is going on behind the scenes but his constant downbeat pronouncements cannot be good for morale.