King Power Out

[coolhandfox]

2 hours ago, foxile5 said:

It's not lost money in the sense his asset gains that value...he owns the club and is effectively in debt to himself.

Which only matters if he sells it.

 

[Clever Fox]

2 hours ago, foxile5 said:

It's not lost money in the sense his asset gains that value...he owns the club and is effectively in debt to himself.

The only gain is the Balance sheet looks better, Less Debt and less outgoings. But the money has most likely been already spent in the day to day running of the Club.

 

My guess is Top is positioning himself to take sole Ownership of the Club from KP.

[dannythefox]

This is why we don’t want them out, a change of DOF is a must though.

[StanSP]

4 hours ago, Gamble92 said:

You mean Gerrinda 10 pints of wine deep at 11pm on a Friday night doesn't speak for all Leicester fans? 

Jesus is she still called on to talk?! She's a fvcking nightmare. 

[Clever Fox]

On 23/01/2025 at 18:21, fox_favourite said:

Someone mentioned to me they think that we're asset stripping before selling? I wasn't sure this would be the case? Would this explain the loan? Not spending their own money on transfers? Thoughts?

No, This is the opposite to Asset stripping. This is putting money into the Club for the purpose of paying off loans.

 

Asset stripping is usually done by taking out Directors loans from the Club. and never paying them back. They just sit permanently on the Balance sheet.

 

Something the Glaziers at Utd and others have been doing for years to destroy Clubs.

 

It's something I sincerely hope the new regulator makes it illegal in the future.

[foxile5]

45 minutes ago, coolhandfox said:

Which only matters if he sells it.

 

 

23 minutes ago, Clever Fox said:

The only gain is the Balance sheet looks better, Less Debt and less outgoings. But the money has most likely been already spent in the day to day running of the Club.

 

My guess is Top is positioning himself to take sole Ownership of the Club from KP.

Either or, though, isn't it? 

 

It's not some massive act of generosity that it's being presented as. He won't be losing that money; it's just displaced. It will be BB recouped through future earnings, sale, or asset ownership.

[Clever Fox]

1 minute ago, foxile5 said:

 

Either or, though, isn't it? 

 

It's not some massive act of generosity that it's being presented as. He won't be losing that money; it's just displaced. It will be BB recouped through future earnings, sale, or asset ownership.

It depends on how to you want to look at it.He does get a slightly bigger equity in the Club. But he could have done nothing also.

That would have meant annual Debt repayments plus interest costing the Club further millions for years to come. At a time when the Club is losing money annually.

That would affect our ability to sign attract players with less funds to work with.

 

On your second point I can't think of any modern day Owner who has got his money back out of any Club they invested in except Mandaric and the Glaziers.

Look at Sugar at Spurs, Usmanov at Everon , Both lost a Billion or more between them.  Even the Arabs have lost a fortune at Man City.

[Wink84]

On 23/01/2025 at 18:45, Foxin_Mad said:

He's ****ed then the silly ****. The club has no assets because him and Rudders have been running it into the ground for 5 years. The clubs worth about 50 million as a Championship mid table side tops. 

It's an interesting one. How much would the club be valued at if they were to sell. We don't have a lot of valuable assets in terms of players. On top of that we have the ground, training ground, women's team and training ground?

[Wink84]

13 hours ago, Dan LCFC said:

That Percy article today - I'm in shock at quite how bad things actually are. If that fringe player on £100k a week is Coady then I don't think people realise how imperative it is that we get this ownership out. We're the next crisis club under these lot. Mark my words. It's that serious.

The positive is that KPI wiping off their loans so debt wise I'm not sure where we stand.

[1972 Fox]

1 hour ago, Clever Fox said:

Something the Glaziers at Utd and others have been doing for years to destroy Clubs.

But they've upgraded the windows at Old Trafford 

[SemperEadem]

Out

[CosbehFox]

2 hours ago, Clever Fox said:

No, This is the opposite to Asset stripping. This is putting money into the Club for the purpose of paying off loans.

 

Asset stripping is usually done by taking out Directors loans from the Club. and never paying them back. They just sit permanently on the Balance sheet.

 

Something the Glaziers at Utd and others have been doing for years to destroy Clubs.

 

It's something I sincerely hope the new regulator makes it illegal in the future.

It’s exactly why he’s doing it. There are incoming rules on the way 

[Lako42]

Plebs will be blindsided 

 

No doubt 

[Skidmark]

I've been thinking over the past week that the best outcome for the whole club would be:

 

1- Bring in a completely new structure at the top of the club. Director of Football, Head of Recruitement, Academy Boss etc. Huge exodus of those in suits doing very little. (Clubs like Brighton have done this so successfully) 

 

2- Top takes a huge step back. Lets the experts run the club and just signs the paychecks, goes to the racing and does what he wants. 
 

It's either that or a full sale of the club to someone who would put the correct internal structure in place. Too many very comfortable people at Leicester.

 

One thing that isn't regularly spoken about is the players really do like Rudkin. He's the one who arranged the huge ridiculous contracts. 

 

[foxile5]

10 hours ago, Clever Fox said:

It depends on how to you want to look at it.He does get a slightly bigger equity in the Club. But he could have done nothing also.

That would have meant annual Debt repayments plus interest costing the Club further millions for years to come. At a time when the Club is losing money annually.

That would affect our ability to sign attract players with less funds to work with.

 

On your second point I can't think of any modern day Owner who has got his money back out of any Club they invested in except Mandaric and the Glaziers.

Look at Sugar at Spurs, Usmanov at Everon , Both lost a Billion or more between them.  Even the Arabs have lost a fortune at Man City.

I take your point about profits. 

 

But whichever way I slice it - it doesn't forgive or lessen the neglect. It's clearly been timed to try and save a bit of face. I'm just not buying it anymore.

[UniFox21]

Fine with KP to stay; but Rudkin and Whelan need moving asap. 

 

Dan Ashworth is literally sat doing nothing. Sell him the project, we have the infrastructure in place already, we just need someone at wheel with any sort of football brain

[LVFox]

Wasn't entirely sure where to put this, but this article absolutely nails it. Great to see national journalists start to understand our frustrations.

 

https://inews.co.uk/sport/football/leicester-fans-what-wrong-3498315

 

Jordan from the Big Strong Leicester Boys pod contributes excellently too.

 

[Bilo]

1 hour ago, Skidmark said:

I've been thinking over the past week that the best outcome for the whole club would be:

 

1- Bring in a completely new structure at the top of the club. Director of Football, Head of Recruitement, Academy Boss etc. Huge exodus of those in suits doing very little. (Clubs like Brighton have done this so successfully) 

 

2- Top takes a huge step back. Lets the experts run the club and just signs the paychecks, goes to the racing and does what he wants. 
 

It's either that or a full sale of the club to someone who would put the correct internal structure in place. Too many very comfortable people at Leicester.

 

One thing that isn't regularly spoken about is the players really do like Rudkin. He's the one who arranged the huge ridiculous contracts. 

 

 

40 minutes ago, UniFox21 said:

Fine with KP to stay; but Rudkin and Whelan need moving asap. 

 

Dan Ashworth is literally sat doing nothing. Sell him the project, we have the infrastructure in place already, we just need someone at wheel with any sort of football brain

A combination of these.

 

 

[Old Fox]

The current situation and management since Vichai passed away is nothing short of shambolic and like many many on here I am as disillusioned as I have been over the past 10 years and probably feel as low as possible about our club.

 

however and it’s a big however we should not forget the previous 111 years of our history which has nothing like the success and memories we have had.

 

So many clubs have had poor ownership in the last 30 years and the Brighton, Newcastle ownership models whilst look great they have achieved nothing and I mean nothing yet !

 

The only ownerships which have transformed clubs really are Chelsea and Man City over the last 25 years and look how much money their owners threw at it and arguably with much much bigger clubs.

 

I hope that a relatively young Chairman can see his way through this and sort the club out it needs some strong leadership and a clear plan with a reset.

 

I am not being an old happy clapper just trying to add a bit of balance and sense that being ignorant to the achievements would be wrong and I like many hope Top can step into this and sort it!!

[Walkerfox]

One PR focused, basic accounting exercise and we’re back to square one . Even that project restart has back peddled and is now supporting him and only aiming things at those lower than him.

 

Top isn’t restructuring the entire club, it’s delusional to think so.

 

He will not do anything because he doesn’t have the intelligence/awareness. He is not his Dad.

He has no business acumen, no drive, he’s totally and completely incompetent. Because of this, he turns to someone who he thinks knows what he is doing… John Rudkin. It’s Rudkin or nothing with him. That’s why him and King Power need to go. 

Edited 25 January by Walkerfox

[Wasyls Pec Deck]

My concern is that Top has clearly not learnt from the last relegation. That is too alarming to ignore and I don’t believe he’s a strong enough and shrewd enough person to run a PL football club. He’s taken us from being a model club to a joke club. Maybe if he puts structures and good people in place he can turn it around, but I’m not sure he can do that or will. We also need fresh ideas much like we got when Vichai came in. He built a successful empire and his culture, strength and business acumen saw us achieve great things. Top is only his son. We have seen nothing to suggest he’s anything like his father. I think he should sell up. 

[Claridge]

6 minutes ago, Old Fox said:

The current situation and management since Vichai passed away is nothing short of shambolic and like many many on here I am as disillusioned as I have been over the past 10 years and probably feel as low as possible about our club.

 

however and it’s a big however we should not forget the previous 111 years of our history which has nothing like the success and memories we have had.

 

So many clubs have had poor ownership in the last 30 years and the Brighton, Newcastle ownership models whilst look great they have achieved nothing and I mean nothing yet !

 

The only ownerships which have transformed clubs really are Chelsea and Man City over the last 25 years and look how much money their owners threw at it and arguably with much much bigger clubs.

 

I hope that a relatively young Chairman can see his way through this and sort the club out it needs some strong leadership and a clear plan with a reset.

 

I am not being an old happy clapper just trying to add a bit of balance and sense that being ignorant to the achievements would be wrong and I like many hope Top can step into this and sort it!!

King Power have been amazing for the club in the past and I want them to stay as owners(In the real world no one is investing more in LCFC) but they must improve the board and the communication with the fans. 

[lcfc_forever]

This is a good read: 

https://inews.co.uk/sport/football/leicester-fans-what-wrong-3498315

[The Doctor]

2 hours ago, Walkerfox said:

One PR focused, basic accounting exercise and we’re back to square one . Even that project restart has back peddled and is now supporting him and only aiming things at those lower than him.

 

Top isn’t restructuring the entire club, it’s delusional to think so.

 

He will not do anything because he doesn’t have the intelligence/awareness. He is not his Dad.

He has no business acumen, no drive, he’s totally and completely incompetent. Because of this, he turns to someone who he thinks knows what he is doing… John Rudkin. It’s Rudkin or nothing with him. That’s why him and King Power need to go. 

tbf there is strategic value in that, pin the blame on him (and he deserves it) and we get another "boo hoo stop being mean to me" statement and no action. Protest and pin the blame on others and there's at least a chance he'll get rid of them to get us to shut up.

[Vlad the Fox]

2 hours ago, Walkerfox said:

One PR focused, basic accounting exercise and we’re back to square one . Even that project restart has back peddled and is now supporting him and only aiming things at those lower than him.

 

Top isn’t restructuring the entire club, it’s delusional to think so.

 

He will not do anything because he doesn’t have the intelligence/awareness. He is not his Dad.

He has no business acumen, no drive, he’s totally and completely incompetent. Because of this, he turns to someone who he thinks knows what he is doing… John Rudkin. It’s Rudkin or nothing with him. That’s why him and King Power need to go. 

I think project restart where always aiming at rudkin, just looked at their first post and they are calling for the hierarchy to make the change.