New Ownership - Is it time?

[Muzzy_no7]

6 hours ago, ajthefox said:

This is directly contradictory to what you've said about ownership being a problem, surely?

Naah.

 

Selling the club would take ages but he could get rid of Rudkin and bring one or more in as a replacement very quickly. 

[Happy Fox]

Yes it’s time, King Power Out! 

[Happy Fox]

On 12/11/2024 at 09:37, Mickyblueeyes said:

there was a consortium backed by a few wealthy families (local) who were interested in the club in the summer - I don’t think it went any further than initial talks. 
 

I don’t think Top wants to sell but I also don’t think he is very clued up on how to run it. He sat afar and watched his father grow and develop the club with the same people and it’s a case of try and try again. 
 

Im very much in favour of new owners.

Is this still the case?

[Leicester_Loyal]

How can anyone argue against new owners at this point? Top needs to go. 

[cityfanlee23]

It's been a long while since I've seen owners who make such poor decisions over such a long period of time, throwing away such a golden opportunity through lack of leadership, be given so much time by the fans. KP are lucky that they own this club and not another, most fans wouldn't have given them so much grace. 

I still believe if Top sacked JR most fans would give him another year before calling him out again. He just doesn't seem to care, his stewardship of the club has seen the entire foundation built by his father eroded, I've never cared less about this club in my life. And it feels like the club is completely detached from the fans, I've fallen out of love with football over the years for various reasons outside of Leicester City, but it's getting to a point I really don't care if I see the game or not, really saddened to feel this way.

Edited 8 January by cityfanlee23

[DezFox]

Yeah done, get gone 

[dooflip]

48 minutes ago, Leicester_Loyal said:

How can anyone argue against new owners at this point? Top needs to go. 

Languishing in the football league for years. Never being much good. The good bit was being a young lad following your local team, we even got a few Wembley outings. walking to and from home games living a stones throw away.. The excitement, the atmosphere.  But there was a lot of bad - The yo yo times. La manga …twice. Championship struggles. Financial issues to the point we nearly ceased to exist. League one. The championship again.

 

we have won the premier league, and the fa cup. We got deep in the champs league. We narrowly missed out on champs league twice. At our worst point in all the recent good stuff. We are still in a better position than we were when the owners came. We were satisfied a lot less, less expectation - the main goal wasn’t actually winning at the highest level when they arrived. But what they brought in new expectation - and I for one and guilty of that.

 

its important to reflect on all of the above.

As I said in another thread, the only

time I will be kicking up a fuss about the owners is when we are back in championship obscurity where they found us. I would however accept a silly deal from

an oil state etc, but would never entertain an American bid. Having Top isn’t as bad as us having to complete in a non promotion no relegation league, and all are club names changed to Leicester foxes and Arsenal gunners. …ok I know Tottenham beat us the names.

[Mendi]

Down to Top if he selling up.

[Leicester_Loyal]

2 hours ago, dooflip said:

Languishing in the football league for years. Never being much good. The good bit was being a young lad following your local team, we even got a few Wembley outings. walking to and from home games living a stones throw away.. The excitement, the atmosphere.  But there was a lot of bad - The yo yo times. La manga …twice. Championship struggles. Financial issues to the point we nearly ceased to exist. League one. The championship again.

 

we have won the premier league, and the fa cup. We got deep in the champs league. We narrowly missed out on champs league twice. At our worst point in all the recent good stuff. We are still in a better position than we were when the owners came. We were satisfied a lot less, less expectation - the main goal wasn’t actually winning at the highest level when they arrived. But what they brought in new expectation - and I for one and guilty of that.

 

its important to reflect on all of the above.

As I said in another thread, the only

time I will be kicking up a fuss about the owners is when we are back in championship obscurity where they found us. I would however accept a silly deal from

an oil state etc, but would never entertain an American bid. Having Top isn’t as bad as us having to complete in a non promotion no relegation league, and all are club names changed to Leicester foxes and Arsenal gunners. …ok I know Tottenham beat us the names.

You need to separate Vichai vs. Top. 
 

Give it 2/3 years and we’ll see, we’re only heading one way. The club is a mess at the moment and it’ll take a few years for people to realise, although a lot are starting to cotton on finally. 
 

1 relegation and not achieving straight promotion the next season will ruin us, we might just have that happen in the next 18 months. 

[Vindaloo FOX]

If he does sell it will be to the Chinese.

[Sly]

At this point what are we worth? 
 

1 hour ago, Vindaloo FOX said:

If he does sell it will be to the Chinese.

Bizarrely, Liu Shilai who is still listed as a Vice Chairman in our accounts, was also listed as a Director of Jing Hung International Investments in the Panama Papers. Who are registered in the British Virgin Isles.

 

He’s shown as the Grandson of Gu Mu, who was the Vice President of China from 1975 - 1982, of the Communist Party of China.

 

He is also the founder of Tang Polo Club, which he set up as an amateur. Membership is something staggering like a cool £70k per year. They don’t call it the Sport of Kings for nothing! He’s certainty wealthy but trying to find much about him is difficult! 
 

Reading the accounts, as well. 
 

————————

 

To cover the working capital needs of the Club in that scenario the Club has access to an undrawn £35m standby facility with KPl, as well as an undrawn future share subscription agreement for 76m shares at £1 per share entered into on 21 April 2023 which can be further called on if necessary to support the Club's cash flow in the unlikely event that all these negative events come to pass.

The Board, of which two members are the majority shareholders of the Club's ultimate controlling party, have received confirmation that the immediate parent company will provide further funding where necessary to meet the requirements of the Company for the next 16 months.

 

————————

16 months is just a weird period of time in my opinion. That would have taken us to the end of October 2024. Does that mean we now need to be self sufficient in terms of funding? Therefore needing to sell, before we buy as we literally have no money! 
 

 

 

[Pliskin]

6 hours ago, dooflip said:

Languishing in the football league for years. Never being much good. The good bit was being a young lad following your local team, we even got a few Wembley outings. walking to and from home games living a stones throw away.. The excitement, the atmosphere.  But there was a lot of bad - The yo yo times. La manga …twice. Championship struggles. Financial issues to the point we nearly ceased to exist. League one. The championship again.

 

we have won the premier league, and the fa cup. We got deep in the champs league. We narrowly missed out on champs league twice. At our worst point in all the recent good stuff. We are still in a better position than we were when the owners came. We were satisfied a lot less, less expectation - the main goal wasn’t actually winning at the highest level when they arrived. But what they brought in new expectation - and I for one and guilty of that.

 

its important to reflect on all of the above.

As I said in another thread, the only

time I will be kicking up a fuss about the owners is when we are back in championship obscurity where they found us. I would however accept a silly deal from

an oil state etc, but would never entertain an American bid. Having Top isn’t as bad as us having to complete in a non promotion no relegation league, and all are club names changed to Leicester foxes and Arsenal gunners. …ok I know Tottenham beat us the names.

The club is heading in one direction. Vichai was a proper leader, he was ruthless when he needed to be and had the experience to predict the ways things were heading, so he was proactive in his leadership. 
 

Top, was merely his assistant and he’s made a colossal mess. The fact clubs like Brighton, Brentford Bournemouth are all seemingly stable premier league clubs, when in reality they’re the size of an EFL club and we aren’t given what we’ve achieved is scandalous. 
 

We’re in a mess because of Top and his leadership. He isn’t capable of running the club, he’s got two choices.

 

1) sell up and walk away.

 

2) sack Rudkin and Whelan and rebuild a board with proper footballing people with the ability to run the club. 
 

There the two options he has from here, if he does neither, I seriously question if Leicester City will exist in ten years time, that’s how badly he’s running this club. 

Edited 9 January by Pliskin

[GiantDave]

Some people just don't seem to get that we can't buy new players because of the financial rules and it's this that is constraining us.

 

Getting rid of the owner wouldn't help with that, but could send us into a mire that kills the club or sends us wallowing in the lower tiers for years to come. Top is one of the few owners that aren't trying to drain the club of funds.

 

As for manager appointments, it can be argued he held on too long with Rodgers but after that all the people that the fans wanted didn't want to join the club. Who is he supposed to appoint if people won't join?

 

Now there is a question mark over some deals in recent years and the wages we're pouring in to below average players but the whole squad needs a total clear out and wage restructure which is incredibly hard to do while fighting for premier league survival. Our wage bill is still way above our league position and performances in the league and I can't imagine that Top enjoys seeing his backing going to waste like this.

 

I don't want Leicester to go down but believe with Top at the helm we'll be in a much better position to go back up. If we lost Top and went down we could be in big big trouble.

[Mr.Bingles]

I don’t think it is time! However I think it is time to completely restructure. Top needs to wipe the slate clean and employ a genuine DoF with a proven track record to run the club. 
 

you get the feeling the club is lurching from disaster to disaster with out any real guidance. I suspect a lengthy stay in the EFL or even the first division might focus his mind on what needs to be done. 
 

If that were to happen I think he might well sell. The current situation is horrendous to watch though. 

[CL Fox]

52 minutes ago, GiantDave said:

Some people just don't seem to get that we can't buy new players because of the financial rules and it's this that is constraining us.

 

I don't want Leicester to go down but believe with Top at the helm we'll be in a much better position to go back up. If we lost Top and went down we could be in big big trouble.

Incompetence and signing shite players are constraining us hugely. Rudkin and Top are a huge part of that so yes it's not about money necessarily - it's about competence.

[Old Fox]

8 hours ago, Leicester_Loyal said:

How can anyone argue against new owners at this point? Top needs to go. 

Because despite the current incompetence and lack of direction they have over the last 15 years invested and made the club infinitely better and more attractive than it ever was in its history. New owners can bring poor owners who don’t have the right intent let alone expertise and that could be the end of the club !

I would rather Top see that he needs to step up and maybe he cannot as his Dad was clearly a superb businessman and leader with maturity which only comes with experience so maybe Top can’t but I would still rather have these owners who have shown they love Leicester the City, community and our football club than a potential acquirer who could take us into the abyss!

 

I maybe an exception but be careful what we wish for!!!

 

[teblin]

Might not be ownership completely, but a new voice that has some sway over the likes of Rudkin and Whelen.

[Pliskin]

1 hour ago, GiantDave said:

Some people just don't seem to get that we can't buy new players because of the financial rules and it's this that is constraining us.

 

Getting rid of the owner wouldn't help with that, but could send us into a mire that kills the club or sends us wallowing in the lower tiers for years to come. Top is one of the few owners that aren't trying to drain the club of funds.

 

As for manager appointments, it can be argued he held on too long with Rodgers but after that all the people that the fans wanted didn't want to join the club. Who is he supposed to appoint if people won't join?

 

Now there is a question mark over some deals in recent years and the wages we're pouring in to below average players but the whole squad needs a total clear out and wage restructure which is incredibly hard to do while fighting for premier league survival. Our wage bill is still way above our league position and performances in the league and I can't imagine that Top enjoys seeing his backing going to waste like this.

 

I don't want Leicester to go down but believe with Top at the helm we'll be in a much better position to go back up. If we lost Top and went down we could be in big big trouble.

We are in this because of Top. 

[LFEFox23]

I still think KP has some credit in the bank at this point, should we go down and they don't drain the swap that is the board, Then I think its time.

 

[Iwebema]

1 hour ago, Pliskin said:

The club is heading in one direction. Vichai was a proper leader, he was ruthless when he needed to be and had the experience to predict the ways things were heading, so he was proactive in his leadership. 
 

Top, was merely his assistant and he’s made a colossal mess. The fact clubs like Brighton, Brentford Bournemouth are all seemingly stable premier league clubs, when in reality they’re the size of an EFL club and we aren’t given what we’ve achieved is scandalous. 
 

We’re in a mess because of Top and his leadership. He isn’t capable of running the club, he’s got two choices.

 

1) sell up and walk away.

 

2) sack Rudkin and Whelan and rebuild a board with proper footballing people with the ability to run the club. 
 

There the two options he has from here, if he does neither, I seriously question if Leicester City will exist in ten years time, that’s how badly he’s running this club. 

Totally agree, I think both options are on the table if we go down, it might be 1 step back to take 2 forward, a bit like the relegation to league one.

 

I do believe this comes down to competence, I think Top cares, maybe not as much as Vichai but certainly more than some nightmare owners. The problem imo is he is not a football guy and he's surrounded himself with a bunch of chancers who 10 years ago may have stood a chance, but the game has grown significantly and they are now well out of their depth but he hasn't got it in him to sack them until it gets so bad his hand his forced....I think this possible relegation given the EFL are frothing at the mouth for us may be a turning point for something to happen. 

[Silva Fox]

Yes enough is enough.

[l444ry]

RVN insists he has discussions regarding the January Transfer Window. If it turns out that RVN also feels that he has been misled then that's the Red Line for me, and would suspect for many other long term fence sitters as well.

Edited 9 January by l444ry

[RowlattsFox]

I think Top cares and hearts in the right place but he needs to change those around him in this crazy world of top level football. I would like to see how they would work with someone else running the football side of things before they sold up, because you never know what the next owners could be like. 

[Mickyblueeyes]

1 hour ago, GiantDave said:

Some people just don't seem to get that we can't buy new players because of the financial rules and it's this that is constraining us.

 

Getting rid of the owner wouldn't help with that, but could send us into a mire that kills the club or sends us wallowing in the lower tiers for years to come. Top is one of the few owners that aren't trying to drain the club of funds.

 

As for manager appointments, it can be argued he held on too long with Rodgers but after that all the people that the fans wanted didn't want to join the club. Who is he supposed to appoint if people won't join?

 

Now there is a question mark over some deals in recent years and the wages we're pouring in to below average players but the whole squad needs a total clear out and wage restructure which is incredibly hard to do while fighting for premier league survival. Our wage bill is still way above our league position and performances in the league and I can't imagine that Top enjoys seeing his backing going to waste like this.

 

I don't want Leicester to go down but believe with Top at the helm we'll be in a much better position to go back up. If we lost Top and went down we could be in big big trouble.

I think everyone understand we have restrictions due to PSR. The problem is that many do not understand or do not want to accept that the fundamental reason for our difficulties have been created by an inept board supported, backed, encouraged and rewarded by an inept owner. 
 

The King Power group have told him to go sit in a corner and let the professionals do their jobs. It’s time we did the same. 

[adam95581]

18 minutes ago, Mickyblueeyes said:

The King Power group have told him to go sit in a corner and let the professionals do their jobs. It’s time we did the same