Leicester City Post Record Losses of £92.5m

[Fox92]

28 minutes ago, Simoken said:

I cant stand our business model, relying on selling 1 big player a season to fund and keep us a float. its depressing. We are the Southampton of the midlands.

It's okay as long as you buy good players to replace good players. But we don't do that anymore and niether do Southampton.

[CosbehFox]

28 minutes ago, Simoken said:

I cant stand our business model, relying on selling 1 big player a season to fund and keep us a float. its depressing. We are the Southampton of the midlands.

How do you find £60 million to plug the gap then? 

[Kilworthfox]

56 minutes ago, Babylon said:

It's a difficult one, do we expect him to know the ins and outs of every player and their worth? Or should that be the remit of the head scouts, who should really be putting a monetary worth on a player for the more non football people to use when negotiating. 

Scouts just give opinions / reports. 

 

It's not their role to justify values. 

[somebum]

[Fox1norfolk]

48 minutes ago, Fox92 said:

It's okay as long as you buy good players to replace good players. But we don't do that anymore and niether do Southampton.

Norwich have a similar business model and look where they are

[davieG]

I guess we set the wages standard when we rewarded the title winning team with big increases so most new players since then would have that as a measure, I'm sure their agents would know what other players are earning.

 

The reset should not just about new players but must be about resetting and reducing the wage scale.

[Babylon]

45 minutes ago, Kilworthfox said:

Scouts just give opinions / reports. 

 

It's not their role to justify values. 

And that’s why you have a head of recruitment.

 

Why would you leave it to a bean counter to adjudge the value of a player they might never have heard of or watched play. 
 

Rudkin gets presented a list of players the scouts think are of value. It’s not for him to offer any opinion on them, just to get the deals done. 
 

There is clearly going to be dialogue about how much they are worth. And it’s been said as much before by previous heads of recruitment. 

[TeamRocket]

Clearly BR is devaluing our players here.

 

 

 

 

 

[Smudge]

29 minutes ago, Babylon said:

And that’s why you have a head of recruitment.

 

Why would you leave it to a bean counter to adjudge the value of a player they might never have heard of or watched play. 
 

Rudkin gets presented a list of players the scouts think are of value. It’s not for him to offer any opinion on them, just to get the deals done. 
 

There is clearly going to be dialogue about how much they are worth. And it’s been said as much before by previous heads of recruitment. 

Maybe, but he is ultimately responsible for all departments under him, including Head of Recruitment. Someone has to be accountable, as DOF he is man in charge. Seems to me Rudkin has a lot to answer for.

[coolhandfox]

3 hours ago, Ric Flair said:

Exactly, we've now been buying players post that title win influx for 6-7 years so the player amortisation in our accounts will be far higher than these new scrotes coming in to the Prem in the last 2-3 seasons and spending big but booking only a fifth of that to the accounts. 

 

We are paying the price for a) a period of success and attempting to keep pushing whilst the goings good and b) because we've been doing it now for several years.

 

The likes of Villa will soon run in to trouble.

Drops off a lot in the next few seasons even with the new additions this season. 

 

Rough maths below.

 

22/23 £  68,517,070.71

23/24 £  44,628,181.82

24/25 £  31,028,181.82

25/26 £  20,078,181.82

26/27 £    8,818,181.82

 

We are going to have a lot more head room. 

[Daggers]

1 hour ago, Kilworthfox said:

Scouts just give opinions / reports. 

 

It's not their role to justify values. 

They should stick to making knots and helping old biddies across roads imo.

[Gamble92]

1 hour ago, Fox92 said:

It's okay as long as you buy good players to replace good players. But we don't do that anymore and niether do Southampton.

I don't quite think we've ever been as bad as Southampton. They literally got near top 4 once, fell away massively and sold many players in one go. Never recovered and have slowly declined to fighting relegation every season.

 

Brighton are basically doing what we did, but actually with players of even more resale value potentially. Be interesting to see how it pans out for them and how much success they get with it. They're the example for us all now. It was us, but that ship has sailed.

 

What we were doing was working but the spotlight has been firmly pointed at just how little the owners actually do when things aren't going well. I'm not even talking financially either, as much as that's up for debate. The lack of correspondence from them to us shows exactly how valued we are. It isn't something I'll forget if we do get things back on track.

[Simoken]

2 hours ago, CosbehFox said:

How do you find £60 million to plug the gap then? 

sell the club to a rich saudi prince. its time to move on. sorry top

[pmcla26]

42 minutes ago, Gamble92 said:

What we were doing was working but the spotlight has been firmly pointed at just how little the owners actually do when things aren't going well. I'm not even talking financially either, as much as that's up for debate.

Like writing off £200m worth of debt and spending roughly £35m in January to help us avoid relegation, all whilst recently having built a state of the art training facility and pressing on with stadium expansion plans. 
 

But yes, financially it’s up for debate what the owners do. 

[pmcla26]

4 minutes ago, Simoken said:

sell the club to a rich saudi prince. its time to move on. sorry top

I agree, move aside Top, your work here is done. 
 

Let’s get Qataris to buy us, sack Rodgers and bring in Pochettino/Tuchel. #Realism #WeWantOurClubBack 

Edited 8 March 2023 by Pete52

[marbles]

2 minutes ago, Pete52 said:

I agree, move aside Top, your work here is done. 
 

Let’s get Qataris to buy us, sack Rodgers and bring in Pochettino/Tuchel. #Realism #WeWantOurClubBack #HumanRightsBeDamned #ScrewWomensRights #Sellout   

Fixed, because you forget a few hashtags

[Gamble92]

4 minutes ago, Pete52 said:

Like writing off £200m worth of debt and spending roughly £35m in January to help us avoid relegation, all whilst recently having built a state of the art training facility and pressing on with stadium expansion plans. 
 

But yes, financially it’s up for debate what the owners do. 

Spending £35m through loans in January because they've shit themselves and realised they can't get away with not spending anything. Why didn't they spend it in the summer?

 

How do you find their communication with the fans on everything they've done this season too just out of curiosity? 

 

Like, for instance, if the lack of spending was to comply with FFP then why wait until the Forest home game to tell us in some programme notes? Then the complete lack of action despite record losing runs etc etc. I could go on.

 

Turning the debt into shares could quite easily be for a sale as well. I have seen nothing to suggest they won't put us up for sale in the summer.

[Simoken]

9 minutes ago, Pete52 said:

I agree, move aside Top, your work here is done. 
 

Let’s get Qataris to buy us, sack Rodgers and bring in Pochettino/Tuchel. #Realism #WeWantOurClubBack 

appreciate them, but ultimately its about the clubs future, i stopped giving a shit about football and gave up hope, its all about $£$£$£ now so best sell out and be like the Newcastles /Man city and buy your way up the table since thats what everyone is doing these days, the longer we use this shitty depressing business model the closer we get to relegation. k thanks #KEEPRODGERS #REPLACETHEOWNERSHIP #BACKTHEMANAGER #****YOURFREEDOUGHNUTS #NOSENTIMENTHERE

Edited 8 March 2023 by Simoken

[David Lowe]

This pretty much proves my theory that it is impossible for a club of our size to be competing at the top for a long period. No club has done it or will do it in the foreseeable future. Comments about lack of ambition are ridiculous, it’s just about being realistic. As soon as you hit the top 7 you need a bigger squad to cope with Europe and because of the success, current players and new additions will be put on higher wages. I have no doubt that Fulham, Brentford or Brighton will end up with the same problem if they get into Europe or hang around the top half for long.

Edited 8 March 2023 by David Lowe

[David Lowe]

6 minutes ago, Gamble92 said:

Spending £35m through loans in January because they've shit themselves and realised they can't get away with not spending anything. Why didn't they spend it in the summer?

 

How do you find their communication with the fans on everything they've done this season too just out of curiosity? 

 

Like, for instance, if the lack of spending was to comply with FFP then why wait until the Forest home game to tell us in some programme notes? Then the complete lack of action despite record losing runs etc etc. I could go on.

 

Turning the debt into shares could quite easily be for a sale as well. I have seen nothing to suggest they won't put us up for sale in the summer.

They told us that they didn’t spend it in the summer to comply with FFP. They got players out in January.

[Simoken]

4 minutes ago, David Lowe said:

This pretty much proves my theory that it is impossible for a club of our size to be competing at the top for a long period. No club has done it or will do it in the foreseeable future. Comments about lack of ambition are ridiculous, it’s just about being realistic. As soon as you hit the top 7 you need a bigger squad to cope with Europe and because of the success, current players and new additions will be put on higher wages. I have no doubt that Fulham, Brentford or Brighton will end up with the same problem if they get into Europe or hang around the top half for long.

The state of the premier league/ wage inflation is an absolute mess. something needs to change sooner or later

Edited 8 March 2023 by Simoken

[coolhandfox]

Nothing wrong with being a selling club, the likes Dortmund and A Madrid have done it for years.

[Simoken]

3 minutes ago, coolhandfox said:

Nothing wrong with being a selling club, the likes Dortmund and A Madrid have done it for years.

theres everything wrong with it when your commercial value is POOR in comparison to the likes of Dortmond/ A madrid who are massive clubs

Edited 8 March 2023 by Simoken

[JimmyC74]

17 hours ago, Ric Flair said:

The astronomical increase in wages in recent years is staggering, this is one of the most destructive strategic decisions we've taken and will be every bit as costly to our future as the regression on the pitch.

 

I think we go bang soon and not in a good way

The problem I think is more, as in 2016/17, is our spending was poorly targeted and chickens are coming home to roost.

[Corky]

5 minutes ago, coolhandfox said:

Nothing wrong with being a selling club, the likes Dortmund and A Madrid have done it for years.

We have to be a selling club. We don't, sadly, have the capacity to get a great squad and keep the players forever.

 

These results are not great but we decided to risk keeping a very good squad together, not sell an asset for big money and add to it. It hasn't worked out and that is why last summer was tough. But it was known that was the case whether we liked it or not.

 

The club gets things wrong but they tried to be ambitious with a different approach two years ago. It couldn't happen repeatedly. Next year's should look better and let's hope we stay up and can almost start again.