Leicester to reveal estimated annual losses of £119.5MILLION - the highest in the Premier League

[lcfcdamo]

How is this possible tho it just doesn't make sense 

[CosbehFox]

4 minutes ago, Vindaloo FOX said:

I live in Thailand, been here for a number of years.

 

One thing I've learned, Thai people are awful bussiness people and massive over spenders.

 

They mostly end up broke.

Not wrong in saying political change is ready to blow? 

[Tuna]

We really can't afford to be relegated from the Premier League.

[Babylon]

1 minute ago, Parafox said:

We do make money. Of course we do. We as ordinary supporters, just don't get to see how or where it goes.

Yeah we do, they release accounts. We lose money all the time and not to them.

[Danny280995]

1 minute ago, Parafox said:

I think he needs the income from the club to keep KP afloat. I fear we've been a cash cow from the start despite the Thai's investment and "loyalty" to the city. Have they conned us?

They clearly aren't telling the truth to us fans, They will never have the money like they did before covid happened. New owner, new director of football, new board team, new manager, then we can rebuild the club and team and go forward again 

[Mike Oxlong]

Any of this training ground related ? Not that much actual training seems to be going on there 

[Fazzer 7]

This debacle will go the same way as Derby if we’re not very careful. It looks like incompetence runs deep.

200 million on Seagrave seems utterly ridiculous now. 

Edited 4 September 2022 by Fazzer 7

[foxes_rule1978]

1 minute ago, Tuna said:

We really can't afford to be relegated from the Premier League.

If we did we will need to have a quick fire sale 

[StanSP]

8 minutes ago, ALC Fox said:

Not selling anyone last summer + padding out the squad with expensive backups + awarding new contracts

 

That's surely the reason isn't it?

To the tune of £120m?!

[KingsX]

4 minutes ago, Parafox said:

I think he needs the income from the club to keep KP afloat. I fear we've been a cash cow from the start despite the Thai's investment and "loyalty" to the city. Have they conned us?

 

 Any dividends or loans repaid will be clearly shown in the accounts.  Unless we see that, cool it!

[Samilktray]

Hopefully this doesn’t end up like the Glazers because “Srivaddhanaprabhaa out” is a bit of a mouthful 

[goody2028]

11 minutes ago, I blame Wellens said:

Can’t blame Wellens for that 

Speak for yourself 

[whoareyaaa]

does that include the loan taking against the training ground?

[Vazman]

2 minutes ago, Mike Oxlong said:

Any of this training ground related ? Not that much actual training seems to be going on there 

Cant pay the utility bills 

[CrispinLA in Texas]

Just now, lcfcdamo said:

How is this possible tho it just doesn't make sense 

Let me guess wasting money on s**t players eg 14m for Vesty plus nearly 5m a year wages paying signing on fee for Bertrand and paying him nearly 5m a year, Ward cost us 10m, Hamza on 60k a year....the list goes on etc etc

[Dahnsouff]

Feels like nothing but click-bait, will wait for legit info.

[foxes_rule1978]

 

1 minute ago, whoareyaaa said:

does that include the loan taking against the training ground?

It is the only thing that would give sense to this 

[roblcfc84]

1 minute ago, KingsX said:

 

 Any dividends or loans repaid will be clearly shown in the accounts.  Unless we see that, cool it!

Do you mean this could, and should, include loans? 

[iancognito]

4 minutes ago, Fazzer 7 said:

This debacle will go the same way as Derby if we’re not very careful. It looks like incompetence runs deep.

200 million on Seagrave seems utterly ridiculous now. 

It wasnt 200m it was 100m and that like everything else at every other club was paid through loans.

[fox_favourite]

3 minutes ago, Samilktray said:

Hopefully this doesn’t end up like the Glazers because “Srivaddhanaprabhaa out” is a bit of a mouthful 

Would never come to that. They have so much credit in the bank. 

[Fazzer 7]

Just now, iancognito said:

It wasnt 200m it was 100m and that like everything else at every other club was paid through loans.

It hasn’t made them any better though, has it. 

[Criggers]

11 minutes ago, Solihullfox said:

And you’ll eventually accidentally pull a ladyboy on a works night out 

Accidentally. Yes…. Accidentally 👀 

[Guest Kopfkino]

Everyone knows we spend pretty much all our operating income on wages. So if you make no extra from transfers, why is anyone surprised when you have to pay other things too?

 

Im still skeptical it would be that high, i’d expect it to be closer to 100m

[lgfualol]

Fackin hell bet the club put all their money in monkey NFTs

[foxes_rule1978]

Just now, lgfualol said:

Fackin hell bet the club put all their money in monkey NFTs

Or Bitcoin