King Power Out

[honeybradger]

"Good times are coming"

 

Please can someone explain to me how the club will not go back into administration within the coming years?

 

£70mil loss per season for the last 5 seasons.

 

Losses paid for by high interest loans taken out against Premier League revenue for the next 10 years.

 

We are likely to be in the Championship for many of those next 10 years.

 

Club not selling fringe players for more than they are worth (Mcateer, Iversen, Thomas)

 

Club signing/retaining aging players on high wages above what they are worth (Ayew, BCDR, Vestergaard, Winks, Coady, Ndidi)

 

No attempt to improve from those last 5 years of mismanagement.

 

We are the definition of a recipe for disaster and I dont believe we have felt the full effects of the last 5 years of awful management yet. 

 

If someone disagrees please explain otherwise.

[Mickyblueeyes]

No one who is “grieving” a parent who did absolutely everything to make you a success drives that parents legacy into the ground - whether it be KP or LCFC. You especially don’t do it while playing ****ing polo and pissing around with influencers. The ****ers 40 years old and desperate for the gram. 

 

You do everything you can to achieve something and succeed. Motivation is one thing that isn’t lacking. Speaking from experience.

 

He’s a waster.  
 

People now referencing the grieving aspect alongside “it always happens to us” argument at least shows they can recognise his incompetence - just another set of excuses for the 40 year old baby. 
 

 

[CosbehFox]

The whole ‘yeah but we’ve always been yo yo’ is another nonsense trope. 
 

Brentford, Brighton & Bournemouth fans aren’t rambling about the Third Division. 
 

Then there’s examples of some clubs in their early histories being very different to now. Huddersfield fans aren’t rambling on about their three league titles as a forgivable circumstance, they are pissed off about their time in League 1/third tier for a club which should be a second tier staple on size, stadium and history. That’s not entitled, that’s just a sensible realistic ambition. Leicester City on size, population, stadium attendance, history should be a top flight fixture 

[Spanner73]

12 hours ago, Blue.Fox84 said:

I respect the loyalty and optimism but in all honesty from what we have experienced these past 2-3 years do you see or believe in a change for the good under the current regime? 
 

I think every Leicester fan can accept they won’t win every game, cup or even retain the best players for forever but we do want to feel a connection with the club, have the club well-ran, fans treated with loyalty and respect, a club with an identity and players (preferably local) who want to fight for the badge. Many of us have endured the lows of administration etc but if I’m completely honest, I’ve never felt so disconnected from the club as I have right now 

Absolutely spot on !! 

[sylofox]

On 30/05/2025 at 15:58, Vlad the Fox said:

It's cowardly rudkin...

 

Top calls rudkin from the polo buffet tent 

 

Top: Have you told him? 

Rudkin: Yes, definitely, honest.

Top: Then why do I keep seeing reports saying he hasn't spoke to anyone? 

Rudkin: He must be lying, honest. 

Top: ok, sounds legit.

 

Top hangs up and picks up another crab paste and cucumber sandwich.

 

Meanwhile back at Seagrave

 

Tea lady: would you like a cuppa

Rudkin: Ah, yes, erm, could you go and tell Ruud he's sacked, I'd do it but I've hurt my leg.

Tea lady: **** off *****.

My great aunty Dorris don't swear.

Stop making shit up.

[ourla]

3 hours ago, honeybradger said:

"Good times are coming"

 

Please can someone explain to me how the club will not go back into administration within the coming years?

 

£70mil loss per season for the last 5 seasons.

 

Losses paid for by high interest loans taken out against Premier League revenue for the next 10 years.

 

We are likely to be in the Championship for many of those next 10 years.

 

Club not selling fringe players for more than they are worth (Mcateer, Iversen, Thomas)

 

Club signing/retaining aging players on high wages above what they are worth (Ayew, BCDR, Vestergaard, Winks, Coady, Ndidi)

 

No attempt to improve from those last 5 years of mismanagement.

 

We are the definition of a recipe for disaster and I dont believe we have felt the full effects of the last 5 years of awful management yet. 

 

If someone disagrees please explain otherwise.

To be fair I thought we would implode after the last relegation and somehow we managed to pull it out of the bag with the appointment of Maresca, bringing Winks in, who was pivotal for me, among others, etc.

 

However, I'm even less optimistic this time and lightening rarely strikes twice.

 

But I guess you never know....

[honeybradger]

7 minutes ago, ourla said:

To be fair I thought we would implode after the last relegation and somehow we managed to pull it out of the bag with the appointment of Maresca, bringing Winks in, who was pivotal for me, among others, etc.

 

However, I'm even less optimistic this time and lightening rarely strikes twice.

 

But I guess you never know....

Does getting promoted even get us out of this issue though?

 

Surely with all the losses over the last few years and the loan repayments kicking in even alternating between 1 year in the PL and 1 year in the championship doesnt stop the club being dried out financially? 

 

Maybe someone more financially literate than myself can give the answer but I just dont see where the money is going to come from and how we are going to get out of this.

 

For me the worries and struggles on the pitch are dwarfed by the financial worries off it.

Edited 2 June 2025 by honeybradger

[slymunn]

2 hours ago, honeybradger said:

Does getting promoted even get us out of this issue though?

 

Surely with all the losses over the last few years and the loan repayments kicking in even alternating between 1 year in the PL and 1 year in the championship doesnt stop the club being dried out financially? 

 

Maybe someone more financially literate than myself can give the answer but I just dont see where the money is going to come from and how we are going to get out of this.

 

For me the worries and struggles on the pitch are dwarfed by the financial worries off it.

The club made pre-tax losses of £19.4m for the 12 months to 30 June 2024, so this will help for a PSR cycle if this years is not too bad. Compared to the 80+ million ones we have had before.

Our wage bill will be about 120-140 million less than when we got relegated two years ago, before anyone else leaves at around £40 million.

That makes a massive difference already before any sales. Most players are worth a lot less on book value, which will help to move them on as well this time. They also might not want to stay after a second relegation. We could also move another 6 or 7 first teamers out and still have a capable top six championship team before we sign anyone.

 

I'm not really clued up financially, but this is what I have seen as well a couple of my own opinion's regarding a top 6 squad we would have left.

 

 

 

[Soar Fox]

6 minutes ago, slymunn said:

The club made pre-tax losses of £19.4m for the 12 months to 30 June 2024, so this will help for a PSR cycle if this years is not too bad. Compared to the 80+ million ones we have had before.

Our wage bill will be about 120-140 million less than when we got relegated two years ago, before anyone else leaves at around £40 million.

That makes a massive difference already before any sales. Most players are worth a lot less on book value, which will help to move them on as well this time. They also might not want to stay after a second relegation. We could also move another 6 or 7 first teamers out and still have a capable top six championship team before we sign anyone.

 

I'm not really clued up financially, but this is what I have seen as well a couple of my own opinion's regarding a top 6 squad we would have left.

 

 

 

Other clubs might be able to. But unfortunately Jon Rudkin deals with our transfers. If they don’t go for big money they leave on a free. I can’t remember the last time we sold a squad player for £5/10 million quid.

[slymunn]

1 minute ago, Soar Fox said:

Other clubs might be able to. But unfortunately Jon Rudkin deals with our transfers. If they don’t go for big money they leave on a free. I can’t remember the last time we sold a squad player for £5/10 million quid.

Tom Cannon in Jan  

[Soar Fox]

4 hours ago, slymunn said:

Tom Cannon in Jan  

Completely forgot about him. 

[cropstonfox]

6 hours ago, Soar Fox said:

Other clubs might be able to. But unfortunately Jon Rudkin deals with our transfers. If they don’t go for big money they leave on a free. I can’t remember the last time we sold a squad player for £5/10 million quid.

Castagne?£10 million

[VLC86]

6 hours ago, Soar Fox said:

Other clubs might be able to. But unfortunately Jon Rudkin deals with our transfers. If they don’t go for big money they leave on a free. I can’t remember the last time we sold a squad player for £5/10 million quid.

Musa went for decent money.

[Vestan Pance]

On 01/06/2025 at 16:39, Spanner73 said:

Efficient & Khun Top doesn’t fit at all. 
That will get pis*** up the wall as well. 
No faith in him whatsoever 

My feelings also. Over a week in now and no suggestion that anything will change. They've failed in every aspect, and judging by the tone of recent social media posts the new policy will be promoting youth. Why they think they will be any better at this than they are scouting player and negotiating contracts is beyond me. Desperate stuff.

[Donwebbio]

What I cannot wrap my head around is the lack of interest in the last 5 years to bring in someone with technical experience to assist. Employing a Technical Director working alongside but reporting to Rudkin would have not raised eyebrows and would have brought us closer to industry norms. Such an easy play with big upside. KPFC just don't have any interest in outside influence though do they? They are as insular as a mob family, closed off from new ideas. A massive shame for them and for us.

[dillonpanthers87]

56 minutes ago, Donwebbio said:

What I cannot wrap my head around is the lack of interest in the last 5 years to bring in someone with technical experience to assist. Employing a Technical Director working alongside but reporting to Rudkin would have not raised eyebrows and would have brought us closer to industry norms. Such an easy play with big upside. KPFC just don't have any interest in outside influence though do they? They are as insular as a mob family, closed off from new ideas. A massive shame for them and for us.

Exactly. An outside expert is a threat to say Rudkin, or others.

[EastAnglianFox]

8 hours ago, slymunn said:

Tom Cannon in Jan  

 

2 hours ago, VLC86 said:

Musa went for decent money.

 

2 hours ago, cropstonfox said:

Castagne?£10 million

Yeah….but apart from that 

[Swarles Barkley]

[honeybradger]

8 hours ago, slymunn said:

The club made pre-tax losses of £19.4m for the 12 months to 30 June 2024, so this will help for a PSR cycle if this years is not too bad. Compared to the 80+ million ones we have had before.

Our wage bill will be about 120-140 million less than when we got relegated two years ago, before anyone else leaves at around £40 million.

That makes a massive difference already before any sales. Most players are worth a lot less on book value, which will help to move them on as well this time. They also might not want to stay after a second relegation. We could also move another 6 or 7 first teamers out and still have a capable top six championship team before we sign anyone.

 

I'm not really clued up financially, but this is what I have seen as well a couple of my own opinion's regarding a top 6 squad we would have left.

 

 

 

What i dont understand is how we pay off the £350mil of loans invested into paying off our losses in the last 5 seasons though? 

 

OK we're only losing £20mil this last season (allegedly) but the club still have massive loans that are picking up interest that were levied against premier league income we dont have, surely at some point we need to turn a profit and start investing our league money into paying back loans only?

[VLC86]

9 minutes ago, honeybradger said:

What i dont understand is how we pay off the £350mil of loans invested into paying off our losses in the last 5 seasons though? 

 

OK we're only losing £20mil this last season (allegedly) but the club still have massive loans that are picking up interest that were levied against premier league income we dont have, surely at some point we need to turn a profit and start investing our league money into paying back loans only?

From a PSR point of view, yeah we absolutely need to make a profit to pay them loans off. From a business continuity point of view, KP could clear them for us but I believe it would still screw us on PSR.

[honeybradger]

8 hours ago, VLC86 said:

From a PSR point of view, yeah we absolutely need to make a profit to pay them loans off. From a business continuity point of view, KP could clear them for us but I believe it would still screw us on PSR.

King Power have only ever 'cleared' loans owed to themselves by transferring them to equity (they would ask for more money if they sold). 

 

As far as im aware they have never taken on debts owed to external banks.

 

Genuinely think our issues go far further than PSR but we'll have to see i guess.

Edited 3 June 2025 by honeybradger

[VLC86]

1 hour ago, honeybradger said:

King Power have only ever 'cleared' loans owed to themselves by transferring them to equity (they would ask for more money if they sold). 

 

As far as im aware they have never taken on debts owed to external banks.

 

Genuinely think our issues go far further than PSR but we'll have to see i guess.

I’d imagine them debts to KP have come about due to issues like this coming up though.

 

100% we are in big trouble when KP stop being able to write off £100m every couple of years due to business incompetence.

[Ethan RL]

Idk if its been posted on here but that article about chris coleman and OH Leuven speaks volumes about the chairman

[AjcW]

2 minutes ago, Ethan RL said:

Idk if its been posted on here but that article about chris coleman and OH Leuven speaks volumes about the chairman

Could you..... post it?

 

[Ethan RL]

https://www.leicestermercury.co.uk/sport/football/football-news/finances-points-deduction-indecision--10234099

 

bottom bit about oh-leuven is what I'm referring to

 

When they say he is "delaying the decision" - clearly means its low on his to do list considering he's been playing polo recently. Bottom line is we all know he's mistreating the fans here and it would seem to also be the case at oh-leuven too.

Edited 3 June 2025 by Ethan RL