King Power Out

[BenTheFox]

Many people within the fanbase are still very much in denial about how bad things will get. We still have an enormous wage bill by championship standards, very little value in the squad and the prospect of a points deduction. The argument of "I've seen it worse, these younger fans don't know how good they've got it" is likely to have a very short shelf life. 

Edited 2 January by BenTheFox

[Stadt]

35 minutes ago, AjcW said:

Our confirmation statement is currently a month overdue on companies house.

 

Literally a two page document that has to say "I confirm all information held by companies house is up to date and correct"

 

Overdue.....

 

 

The most senior business head within the company is the FD, somebody who was promoted from within a business that has lost about £400m from  £1.2 bn in turnover over 7 or 8 years.

 

We're going to start hearing some of the shit that's been going on behind the scenes as staff morale tanks with late payment of wages.

Edited 2 January by Stadt

[Globalfox]

35 minutes ago, AjcW said:

Our confirmation statement is currently a month overdue on companies house.

 

Literally a two page document that has to say "I confirm all information held by companies house is up to date and correct"

 

Overdue.....

 

 

This is a real concern because it takes 5 minutes to complete and submit (I know I do it for my companies) the only reason not to do it is if there is concern that information is not correct. This is something the company secretary should be on top of.

[MattFox]

Just now, Globalfox said:

This is a real concern because it takes 5 minutes to complete and submit (I know I do it for my companies) the only reason not to do it is if there is concern that information is not correct. This is something the company secretary should be on top of.

Well they changed the clubs ownership backdated to 2018 in the filing the other year 

 

so on that basis they’ve submitted incorrectly before 

[AjcW]

Yeah I wasn't being flippant. It's clearly not good news.

[fox_up_north]

2 hours ago, BrilliantFox said:

14th being reasonable? I think the Overton Window has taken its effect. Aiyawatt has swung it so far down, that we have become disillusioned to think what would actually be unacceptable has actually now become tolerable. This psychological effect has impacted the fanbase to a point where we are merely desperate for anything better than what is today.

 

4th to 10th is more apt. Thats being generous too, 10th is Fulham's nailed on spot.

 

Sad times, sad times.

Given that we're never going to be a "top 6" club, any team that does well for a bit have to juggle the inevitable cycle. 

 

Do well, keep it up as long as you can, lose players, try not to drop too far. Brighton have bounced between 11th and 6th. They're generally considered the best run club that's not absolutely quids in.

 

We're edging closer and closer to the required 14 clubs to make changes being American, all of whom have demonstrated some desire to change the format of the English Premier League. 

 

It would not be unrealistic to foresee a situation where... let's say 6 clubs all choose to have a "mandatory playoff position" style place, while the other 14 fight it out to avoid relegation and have a shot at at the FA or EFL cups. 

[LCFCJohn]

Just bumped into a neighbour of mine who is a Blades fan and at the game last night. Nothing surprising about what he said. Was expecting a tough game but was shocked how bad we were. He wasn’t mocking, was genuinely shocked and apologetic for us having to watch that. He said definitely the worst side they have seen down there for some time. Not seen a side incapable of finding their own team mate as often with numerous times just passing the ball straight out etc etc. 

 

Always good to raise awareness with other fans though. He said he had heard some Leicester fans talking about the boycott but I made him aware of the issues and he was very supportive of the action the fans need to take. I think most reasonable people will do. It’s unfortunate we have many of our own supporters actively working against this…

[Claudio Fannieri]

I would ask anyone who is defending KP, Top and Rudkin and backing them to turn this around, on what evidence are you suggesting this could actually happen? 
 

Many hide behind PSR as the reason for our demise, this is absolute nonsense, yes it has made it more difficult to correct our poor decision making  but make no mistake PSR did not make us spend reckless amounts in terms of wages to the likes of Daka, Soumare, Bertrand and Vestergaard in a season where we decided to break our model and not sell one of our Crown Jewels. 
 

PSR did not negotiate the ridiculous contract extension and termination clauses that we included for Rodgers that made it almost impossible to sack him without leaving us with a massive financial liability. 
 

PSR did not cause us to be relegated with a squad including Riccy P, JJ, KDH, Jonny Evans, Soyuncu, Youri, Casatagne, Wilf, Madders.Barnes, Vardy etc 

 

PSR didn’t select Danny Ward and Daniel Amartey as starters that season. 
 

After the relegation and the start of the PSR breaches, this heirarchy decided to double down and offer ridiculous contracts to Harry Winks and Conor Coady, then on promotion spunked large wages and in some cases paid well over the odds on  fees for the likes of Skipp, Ayew, BDCR, Eduaord etc etc

 

Our managerial selections are nearly all agent driven, we show minimal evidence of any long term strategy or planning in terms of our managerial targets, the majority of appointments have been scattergun and very little evidence of any continuity. 
 

our player recruitment is now like our managerial recruitment, it has become a patchwork quilt of a squad made up of heavily influenced manager selections. We were one of the real innovative clubs in terms to recruitment and our model and this was ripped by, you know who, Top and Rudkin to appease Rodgers and to absolutely disastrous effect. 
 

Then the treatment of fans, so many decisions, strategy and decisions have been taken with minimal regard for the impact to supporters, the heartbeat of the club, various sponsorship deals with dubious crypto / betting companies, more and more decisions regards ticketing arrangements that are slowly alienating the legacy fanbase and to top it off when we do experience success, the fans are shunted behind daytrippers and VIP guests with little or no affiliation or affection to the club. 
 

Finally the lack of communication, they are to quote their own words ‘custodians’ of our club and yet the strategy is to close ranks, share very minimal interaction and information treating the fanbase with utter contempt, distain and lack of respect. This will always be our club, our city and yet slowly but surely we are becoming more and more detached from the club. We are treated as 2nd class citizens despite being supposedly a family, it makes me smile when people preach togetherness and yet we are treated like we are a burden to the club rather than the lifeblood. 
 

This is why the feeling has grown so strongly against the current administration of the club, we stand on the edge of financial meltdown which could see us descend to league 1 …. 5 years after winning the FA Cup Final and successive top 5 finishes in the premier league, every week the news that comes out would suggest things are only getting worse and more critical, the leaders have demonstrated they are not capable of turning this around, so I ask anyone still supporting KP, Top and Rudkin to provide genuine evidence and reasons as to why they should not be held responsible & accountable for our rapid decline and why any of them deserve any element of trust that they will turn this around. 

Edited 2 January by Claudio Fannieri

[CosbehFox]

I remember the days when I mentioned we had to sell KDH when Brentford put that bid in two years ago and then arguing with the fella in Norway that we were ****ed on PSR. 

 

If I could see how this was going to play out two years ago, how the **** couldn't those pair running this football club see it? 

[Osavo]

3 hours ago, Globalfox said:

This is a real concern because it takes 5 minutes to complete and submit (I know I do it for my companies) the only reason not to do it is if there is concern that information is not correct. This is something the company secretary should be on top of.

It's properly crap. As you say it's a 5 minute job for a competent accountant (or not even that). Who is advising these neanderthals? Probably no one.

[floz]

30 minutes ago, Osavo said:

It's properly crap. As you say it's a 5 minute job for a competent accountant (or not even that). Who is advising these neanderthals? Probably no one.

Simple routine admin being missed. Can be punishable by fine or STRIKING OFF (though unlikely). Surprised the media haven't picked up on this yet. 

[Osavo]

Just now, floz said:

Simple routine admin being missed. Can be punishable by fine or STRIKING OFF (though unlikely). Surprised the media haven't picked up on this yet. 

You won't get struck off for an overdue confirmation statement, in fairness. But it's symptomatic of the crap leadership at the club. Bet the accounts will be late this year again, too.

[Wink84]

We've gone from being classed as a club that had upset the big 6, and became one of those clubs to where we are now.

 

Potential relegation to league one is on the cards depending on the points deduction were expected to get.

 

How anyone can support what's happened the last 5 years or so are only doing so out of loyalty they think they owe the King Power group.

 

Success doesn't allow you to get away with repeated failure to the point of almost complete neglect. 

[floz]

5 minutes ago, Osavo said:

You won't get struck off for an overdue confirmation statement, in fairness. But it's symptomatic of the crap leadership at the club. Bet the accounts will be late this year again, too.

Agreed, but the fact that is one of the options usually acts as an incentive to complete the form. As you say, who, if anyone, is advising them? 

[Osavo]

18 minutes ago, floz said:

Agreed, but the fact that is one of the options usually acts as an incentive to complete the form. As you say, who, if anyone, is advising them? 

No one, I imagine. Why even bother having a Company Secretary? They probably got confused with the new Companies House ID checks. 

[AjcW]

The new secretary is the new FD after the former FD left.

[Osavo]

Just now, AjcW said:

The new secretary is the new FD after the former FD left.

Well if he can't even keep up with Companies House filing deadlines I worry about his ability to run the finances of the football club. 

[AjcW]

Just now, Osavo said:

Well if he can't even keep up with Companies House filing deadlines I worry about his ability to run the finances of the football club. 

Promoted from financial controller to FD…. The KPFC way. 

[Osavo]

Just now, AjcW said:

Promoted from financial controller to FD…. The KPFC way. 

Jesus, was he? An FC role is many, many miles apart from an FD role. Outrageous they think it's a transferable skill set.

[AjcW]

1 minute ago, Osavo said:

Jesus, was he? An FC role is many, many miles apart from an FD role. Outrageous they think it's a transferable skill set.

Nope! 11 years in that role of course…Funny thing is they hired someone below him who I went to school with who was previously head of finance at another local sporting team. 

[Osavo]

4 minutes ago, AjcW said:

Nope! 11 years in that role of course…Funny thing is they hired someone below him who I went to school with who was previously head of finance at another local sporting team. 

Jobs for the boys as usual.

[StanSP]

There's a financial black hole isn't there... 

[Wymsey]

Just now, StanSP said:

There's a financial black hole isn't there... 

Where's the official proof to that, though?

 

Think Whelan leaving says a lot of things.

[GingerrrFox]

Bring on the Leicester City civil war. We could very well be 17th in the league by the time we kick off on Monday night, that’s before the EFL stick us with a points deduction. 
 

Yet we will still have KPFC willy pullers screaming to protect Emperor Top and his right hand man Rudkin. Boycott Monday, get involved in fighting for change before your club ends up like Woolworths. 

[StanSP]

39 minutes ago, Wymsey said:

Where's the official proof to that, though?

 

Think Whelan leaving says a lot of things.

Yeah no official proof. 

 

But I doubt the financial statements will say otherwise. And it's not hard to add things up and come to a similar conclusion... 

 

The lack of transfers because of high fees spent in last few years. 

The overpayment on wages for players who aren't playing and should have been sold many moons ago. 

Relegation x2. 

Loans against TV money we don't have. 

Late submission of accounts. 

 

It doesn't add up to a well-oiled and well-run club that we used to be. 

 

Off the pitch we used to be revered and envied. Now it's the total opposite. We're a laughing stock.