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Posted (edited)
7 minutes ago, dylanlegend said:

I would imagine after we spent a fortune on transfer fees and wages, it then didnt go to plan so most of the fans blamed the board and slagged off Top immensely. He might have though f**k it why should we bother investing 

Our net spend under King Power isn't particularly high for a club largely based in the Premiership as far as I am aware.  We've generally sold to spend.  

 

Our wages were ridiculously high towards the end of Rodgers tenure, and of course deserves much criticism.  I wonder who was to blame for that?  Top's appointees, of course.

 

The lack of direction and sustainability of the club lies with the leadership.  Not investing a small amount now to give ourselves the best chance to get back to the riches of the Prem just feels like another bad decision in a long line of bad decisions.

 

And Top was happy to bask in the glory of success.  As a leader and figurehead it goes both ways.

 

But yeah let's blame the fans.  

Edited by Bordersfox
  • Like 4
Posted
4 minutes ago, Bordersfox said:

Our net spend under King Power isn't particularly high for a club largely based in the Premiership as far as I am aware.  We've generally sold to spend.  

He has pumped in a lot of money to offset debt aside from net spend 

  • Like 1
Posted
1 hour ago, Bordersfox said:

I just can't get my head around the club’s lack of business this summer.  Yes PSR, cutting our cloth etc. but the money we make by going back up surely warrants chucking a few quid at a striker and perhaps one or two other key positions. Particularly given outgoings. 

 

Though trying to understand the inner workings of our glorious leaders minds is probably futile.  

Thing is, we don't even need to spend much money. I'm sure there are a few players we could get on loan to boost the squad and then invest more heavily next summer if we get promoted. I'd rather us get loans than risk us signing anymore Ayews, Reids or Skipps

  • Like 2
Posted
Just now, HankMarvin said:

He has pumped in a lot of money to offset debt aside from net spend 

Fair enough, happy to stand corrected on that.  However, my other points stand. 

 

I have no issue with a financial reset and offloading big earners etc. if we really do have a coherent strategy and sound plan.  I have little confidence that we do.  

Posted
3 minutes ago, jayfox26 said:

Thing is, we don't even need to spend much money. I'm sure there are a few players we could get on loan to boost the squad

Wages cost money though, unless there are clubs that will

subsidise wages and that seems to defeat the reason why the majority of clubs want the players off the wage bill to go on loan in the first place.
Plus any decent young player at a top club probably on at least a few million a year 

Posted
3 minutes ago, HankMarvin said:

Wages cost money though, unless there are clubs that will

subsidise wages and that seems to defeat the reason why the majority of clubs want the players off the wage bill to go on loan in the first place.
Plus any decent young player at a top club probably on at least a few million a year 

We've massively reduced our wage bill and made £50m in player sales. If we can't afford even a couple of loans then the club is beyond fckd and he needs to sell ASAP. 

Posted (edited)
9 minutes ago, jayfox26 said:

We've massively reduced our wage bill and made £50m in player sales. If we can't afford even a couple of loans then the club is beyond fckd and he needs to sell ASAP. 

We haven’t actually made £50m as such, it’s only the profit between what’s left on the books and the profit once you factor in some of the deals had add ons etc it’s not as much as it seems.

I guess by the close of the window we will now how bad the situation is if there are 0 arrivals 

 

Edited by HankMarvin
Posted
2 minutes ago, HankMarvin said:

We haven’t actually made £50m in sales as such, it’s only the profit between what’s left on the books and the profit once you factor in some of the deals had add ons etc it’s not as much as it seems.

I guess come close of the window we will now how bad the situation is if there are 0 arrivals 

 

I'm pretty sure Hermansen would have been the only one with book value. The rest should have been pure profit. Ndidi and Justin should have been paid off and Mcateer was pure profit 

  • Like 1
Posted
22 minutes ago, Bordersfox said:

Our net spend under King Power isn't particularly high for a club largely based in the Premiership as far as I am aware.  We've generally sold to spend.  

 

Our wages were ridiculously high towards the end of Rodgers tenure, and of course deserves much criticism.  I wonder who was to blame for that?  Top's appointees, of course.

 

The lack of direction and sustainability of the club lies with the leadership.  Not investing a small amount now to give ourselves the best chance to get back to the riches of the Prem just feels like another bad decision in a long line of bad decisions.

 

And Top was happy to bask in the glory of success.  As a leader and figurehead it goes both ways.

 

But yeah let's blame the fans.  

Im not saying i agree with it. But as the saying goes be careful what you wish for.

 

We (fans) have laid into the leadership for over-spending on wages etc but at the the time we were probably clambering for all the signings.
 

I think we have made alot of mistakes and Rudkin should have gone long ago but at the end of the day most owners are clueless they just pump the money in (or not). 
 

What has really screwed us is FFP / PSR it is designed to screw clubs like us with smaller incomes and no room to grow once you make a few bad signings. Without PSR i think we would still we making some high profile signings. Whether thats a good or bad thing time will tell, maybe its a good thing for us with Rudkin at the wheel

  • Like 2
Posted (edited)
3 minutes ago, jayfox26 said:

I'm pretty sure Hermansen would have been the only one with book value. The rest should have been pure profit. Ndidi and Justin should have been paid off and Mcateer was pure profit 

The rest works out less than KDH last time 

Edited by HankMarvin
Posted

Buying a striker is no guarantee of success either by the way. As a club we could say "f it" and gamble on a striker, but there's no guarantee of promotion, probably just a guarantee of more points deductions. Whatever striker we buy could do his ACL on his debut. We need to get our finances in order as a priority.

Posted
9 minutes ago, HankMarvin said:

The rest works out less than KDH last time 

Yes but we've also substantially reduced our wage bill. When we sold KDH we then went and spent a fortune on a load of shite, other than Bilal

  • Like 1
Posted (edited)
12 minutes ago, HankMarvin said:

The rest works out less than KDH last time 

But how much have we saved in wages from Vardy leaving in the summer (even Ward was on £50k per week), on top of the money that we raised from this summers sales?

 

 

Edited by SafewayFox
Posted
18 minutes ago, dylanlegend said:

Im not saying i agree with it. But as the saying goes be careful what you wish for.

 

We (fans) have laid into the leadership for over-spending on wages etc but at the the time we were probably clambering for all the signings.
 

I think we have made alot of mistakes and Rudkin should have gone long ago but at the end of the day most owners are clueless they just pump the money in (or not). 
 

What has really screwed us is FFP / PSR it is designed to screw clubs like us with smaller incomes and no room to grow once you make a few bad signings. Without PSR i think we would still we making some high profile signings. Whether thats a good or bad thing time will tell, maybe its a good thing for us with Rudkin at the wheel

Yep fair points!

Posted
8 minutes ago, SafewayFox said:

But how much have we saved in wages from Vardy leaving in the summer (even Ward was on £50k per week), on top of the money that we raised from this summers sales?

 

 

And how much was spent bloating the squad last year that people seem to ignore, that are additional costs on 23/24

Posted
11 minutes ago, jayfox26 said:

Yes but we've also substantially reduced our wage bill. When we sold KDH we then went and spent a fortune on a load of shite, other than Bilal

KDH was sold on the 23/24 accounts 

Posted

It's wages that are the killer more than fees. We've shaved off £25m a year just in wages, which is not far off being like selling Hermansen and Ndidi twice. 

 

The trouble is that when you're successful and win cups or qualify for Europe, you can give pay rises and bonuses but you can't take those back or impose pay cuts if you finish 8th and your income therefore drops off. Worse, if you want to keep the players who got you there before you finished 8th your choices are either a big new contract or selling them. 

 

We chose new contracts, holding onto the players and further building the squad in an attempt to get to Europe year after year, which worked until 2022. It was failing that hurt us. I don't think we'll be the last.

Posted (edited)
4 minutes ago, HankMarvin said:

And how much was spent bloating the squad last year that people seem to ignore, that are additional costs on 23/24

Yet all the players have had a relegation wage drop.

 

Vardy was considerably our highest earner as an example.

 

I don’t think it’s asking too much for a few shrewd loan signings, Akgun would have been on how much as an example?

Edited by SafewayFox
Posted (edited)
6 minutes ago, Bilo said:

It's wages that are the killer more than fees

Last time we were in the championship our wages including staff were £107m the average first team wage in the championship annually is £14m

Edited by HankMarvin
Posted
Just now, SafewayFox said:

Yet all the players have had a relegation wage decrease.

 

Vardy was considerably our highest earner as an example.

 

I don’t think it’s asking too much for a few shrewd loan signings, Akgun would have been on how much as an example?

I guess it all depends how bad the finances are 

Posted
20 minutes ago, Bilo said:

It's wages that are the killer more than fees. We've shaved off £25m a year just in wages, which is not far off being like selling Hermansen and Ndidi twice. 

 

The trouble is that when you're successful and win cups or qualify for Europe, you can give pay rises and bonuses but you can't take those back or impose pay cuts if you finish 8th and your income therefore drops off. Worse, if you want to keep the players who got you there before you finished 8th your choices are either a big new contract or selling them. 

 

We chose new contracts, holding onto the players and further building the squad in an attempt to get to Europe year after year, which worked until 2022. It was failing that hurt us. I don't think we'll be the last.

I can’t believe you wrote all that without mentioning them up the road! You’re losing your touch :whistle:

Posted
9 minutes ago, LCFCJohn said:

I can’t believe you wrote all that without mentioning them up the road! You’re losing your touch :whistle:

Who do you think I was referring to at the end? 😀

 

 

biblical.GIF

Posted
1 hour ago, dylanlegend said:

Im not saying i agree with it. But as the saying goes be careful what you wish for.

 

We (fans) have laid into the leadership for over-spending on wages etc but at the the time we were probably clambering for all the signings.
 

I think we have made alot of mistakes and Rudkin should have gone long ago but at the end of the day most owners are clueless they just pump the money in (or not). 
 

What has really screwed us is FFP / PSR it is designed to screw clubs like us with smaller incomes and no room to grow once you make a few bad signings. Without PSR i think we would still we making some high profile signings. Whether thats a good or bad thing time will tell, maybe its a good thing for us with Rudkin at the wheel

We had PSR and we still signed Oliver Skipp for £20 million 

Posted
3 hours ago, Bordersfox said:

I just can't get my head around the club’s lack of business this summer.  Yes PSR, cutting our cloth etc. but the money we make by going back up surely warrants chucking a few quid at a striker and perhaps one or two other key positions. Particularly given outgoings. 

 

Though trying to understand the inner workings of our glorious leaders minds is probably futile.  

What I don’t understand is that they can surely afford to take a risk to improve the squad towards promotion and then be confident they are going to sell Fatawu or another in June before the end of the financial year. 
 

I’ve said for a while though I think our accounts will be shocking for the season just gone. To think we only sold Cannon for any money in that period 

  • Like 1

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