Muzzy_no7 Posted 2 January Posted 2 January Yeah this feels like it’s now being deliberately delayed by authorities as opposed to us
Pliskin Posted 2 January Posted 2 January 7 minutes ago, Lesta2014 said: Based on information or a gut feeling? Gut feeling. I think the writings on the wall personally.
CosbehFox Posted 2 January Posted 2 January Just now, Muzzy_no7 said: Yeah this feels like it’s now being deliberately delayed by authorities as opposed to us I agree if it weren’t that we’ve consistently appealed every decision made on this process. While at the same time putting in our own accounts late!! 1
coolhandfox Posted 2 January Posted 2 January (edited) 58 minutes ago, Pliskin said: I think we will enter administration at some point in 2026…. Probably before the season is over. Not sure that advantageous to the owner, so it would have to be someone forcing his hand. It tanks any value to him. Not sure it would be advantageous to the company we owe money too to force it. Only way I see it is if we owe HMRC. Edited 3 January by coolhandfox 2
Pliskin Posted 3 January Posted 3 January 2 hours ago, coolhandfox said: Not sure that advantageous to the owner, so it would have to be someone forcing his hand. It tanks any value to him. Not sure it would be advantageous to the company we owe money too to force it. Only way I see it is if we owe HMRC. We’re not functioning efficiently as an organisation. Financially we’re in a complete mess. It doesn’t matter if it’s advantageous to the owner or parent company. KP are in a financial predicament themselves, and due to the sentimental attachment to the club from the family, it’s very likely they just leave us to drift away….. 1
LCFCJohn Posted 3 January Posted 3 January 7 hours ago, Pliskin said: I think we will enter administration at some point in 2026…. Probably before the season is over. I’ve been saying for a while administration is a certainty. I don’t know if as early as this year though. But to be honest, the sooner we can fast forward to the bottom, the quicker we can look forward so I don’t mind if it is this year rather than being prolonged. Honestly, I’m not sure when we will get to that point. Clearly it is not directly linked to PSR and FFP stuff and actually about paying creditors. That’s not to say they can’t be indirectly linked. Will the outcome of the PSR stuff cause a snowball effect that results in staff or like HMRC who I think were a big one in the Wednesday case not getting paid. Maybe! 2
CrazyKopCorner Posted 3 January Posted 3 January Why is administration a certainty? The club is still financially sound - Top has continued to run us into the ground and plough money in to cover his own incompetence. The man is a financial lunatic. 1
The Year Of The Fox Posted 3 January Posted 3 January 3 minutes ago, CrazyKopCorner said: Why is administration a certainty? The club is still financially sound - Top has continued to run us into the ground and plough money in to cover his own incompetence. The man is a financial lunatic. What makes you think this?
CrazyKopCorner Posted 3 January Posted 3 January 18 minutes ago, The Year Of The Fox said: What makes you think this? Financial Rating - we are a below average at risk football club. Our financial position has improved over the last 12 months 1 1
foxinsocks Posted 3 January Posted 3 January I expect the blazers at the efl have very poorly writen rules. Its crazy that various promotions and relegations have got us off the hook. We must have a case... i expect a comoromise.
Pliskin Posted 3 January Posted 3 January 33 minutes ago, CrazyKopCorner said: Why is administration a certainty? The club is still financially sound - Top has continued to run us into the ground and plough money in to cover his own incompetence. The man is a financial lunatic. Because he is reluctant to sell, and I clearly losing interested. He will at some point stop bankrolling if he hasn’t already. There’s now signs of shenanigans going on at front line level, and when that happens you know the situation is likely more dire that people think. Messing around with pay internally an early indicator, that there’s more financial problem than people think. 1
CrazyKopCorner Posted 3 January Posted 3 January I'm assuming they've told us the punishment and there is effectively an appeal behind closed doors. 1
CrazyKopCorner Posted 3 January Posted 3 January 1 minute ago, Pliskin said: Because he is reluctant to sell, and I clearly losing interested. He will at some point stop bankrolling if he hasn’t already. There’s now signs of shenanigans going on at front line level, and when that happens you know the situation is likely more dire that people think. Messing around with pay internally an early indicator, that there’s more financial problem than people think. That all makes total sense but the limited financial indicators I see indicate that we are financially sound Is he getting us ready for sale?
Terraloon Posted 3 January Posted 3 January (edited) 1 hour ago, CrazyKopCorner said: Why is administration a certainty? The club is still financially sound - Top has continued to run us into the ground and plough money in to cover his own incompetence. The man is a financial lunatic. Most of the indicators , financial that is, are based on accounts that are now some 18+ months out of date. Having said that clearly cash flow has been a concern if for no other reason than just about every staged payment be it transfer fees or PL payments has been either advanced or the ground was set to draw down monies before they are actually due. These arrangements have cost a significant sum in set up fees and or interest and aren’t really the actions taken by a business whose cash flow is sound. The delay in the December wages is in a way a red flag and whilst we can guess as to the reasons the timing of the announcement and indeed the impact would have done nothing to maintain employee/ employer relationships. Was it a necessity or was it truly a organisational decision as briefed ? We simply don’t know how committed or indeed able Top is to fill the ongoing cash flow needs nor do we know if there is an appetite to sell but going back to those “ loans” already in place it’s pretty certain that any potential purchaser will potentially have to plough huge sums into LCFC but how would that be possible with the constraints of FFP and the far more limited ability to do just that whilst under the jurisdiction of the FFL? I personally think Top is caught between a rock and a hard place. I have no doubt he wants out but Administration would see him effectively write off significant sums. I genuinely believe the sh1t will hit the fan if promotion isn’t achieved and at the current time I just can’t see it and any objective view I would imagine backs up that view that promotion is a realistic possibility. In summary I think Top can’t afford to continue to support the club that or he simply hasn’t the interest in the club. He can’t afford to sell but he can’t afford not too and in the next 16 or so weeks we will be hit with a lot of negative news and or indicators . Edited 3 January by Terraloon 4
coolhandfox Posted 3 January Posted 3 January (edited) 6 hours ago, Pliskin said: We’re not functioning efficiently as an organisation. Financially we’re in a complete mess. It doesn’t matter if it’s advantageous to the owner or parent company. KP are in a financial predicament themselves, and due to the sentimental attachment to the club from the family, it’s very likely they just leave us to drift away….. It sort of does as it wipes out any value the club has, if you have no money why would you let an asset worth 300m ish go into administration rather than sale it. The only people who are going to force administration is debtors, and I don’t see it being adventurous to them to them as yet. Financial thing improve massively in the summer with most of the high earns gone and two more seasons of parachute money. Edited 3 January by coolhandfox 1
Claudio Fannieri Posted 3 January Posted 3 January Whilst the increasing number of empty seats at games will not have a massive impact on PSR as some will be season ticket holders who have already paid etc. it will have an impact on cash flow. Empty seats don’t purchase food, drinks or merch this will have a significant impact on day to day cash flow. Matchday revenue will help pay the bills that keep the club ticking along, as others have said, the non payment of the early Christmas wages was a massive red flag to me. We have history for budgeting at the very best case scenario so it’s highly likely this season our budget will have been based on being top 3 and filling the KP out every week, the reduced attendances will hurt us PSR wise at the end of the season and may mean we need to sell someone to balance the shortfall but the hit to cash flow is the more immediate risk especially if KP or Aiyawatt are unable or not prepared to bridge the gap. I fully expect to see one or two players moved out for below valuation fees but with a significant proportion paid upfront to help manage our cash flow and also to try and reduce the losses. Remember we have Macquarie to pay. If we don’t manage to bring in a huge chunk of cash in January I can see us defaulting on a significant creditor such as HMRC or players/staff within the next 3 months.
Claudio Fannieri Posted 3 January Posted 3 January 7 minutes ago, coolhandfox said: It sort of does as it wipes out any value the club has, if you have no money why would you let an asset worth 300m ish go into administration rather than sale it. The only people who are going to force administration is debtors, and I don’t see it being adventurous to them to them as yet. Financial thing improve massively in the summer with most of the high earns gone and two more seasons of parachute money. I agree that our PSR position will improve significantly however in all walks of business cash is king, regardless of shifting on big earners, if we have run out or running out of cash to pay our bills and stay on top of day to day running costs then you are effectively bankrupt and administration is a guarantee. I honestly believe the club is no longer sustainable and KP/Aiyawatt can no longer sustain us or they have made a conscious decision to no longer throw good money after bad. Hopefully that means they are prepared to sell but just like Chansiri is the valuation remotely realistic. Or they will have a fire sale and asset strip in January to fund the club until the end of the season.
Hitesh Posted 3 January Posted 3 January 1 hour ago, CrazyKopCorner said: I'm assuming they've told us the punishment and there is effectively an appeal behind closed doors. And probably finding every technicality possible to reduce the punishment
coolhandfox Posted 3 January Posted 3 January (edited) 1 hour ago, Claudio Fannieri said: I agree that our PSR position will improve significantly however in all walks of business cash is king, regardless of shifting on big earners, if we have run out or running out of cash to pay our bills and stay on top of day to day running costs then you are effectively bankrupt and administration is a guarantee. I honestly believe the club is no longer sustainable and KP/Aiyawatt can no longer sustain us or they have made a conscious decision to no longer throw good money after bad. Hopefully that means they are prepared to sell but just like Chansiri is the valuation remotely realistic. Or they will have a fire sale and asset strip in January to fund the club until the end of the season. Hard to know the financial postion without last years accounts, will will have a better idea when they are published. If we are that desperate for cash why loan El Kannouss when we could have sold him and bank £30m. We still have sellable assets in Fatawu, Monga, BIK, Nelson. I think they will be sold long before we hit administration. Edited 3 January by coolhandfox 1
StanSP Posted 3 January Posted 3 January 2 hours ago, CrazyKopCorner said: I'm assuming they've told us the punishment and there is effectively an appeal behind closed doors. With how things get leaked these days, I very much doubt this. 2
fox_favourite Posted 3 January Posted 3 January 4 minutes ago, StanSP said: With how things get leaked these days, I very much doubt this. I'm with you. Someone would have reported it by now. But the fact it hasn't happened is a disgrace on part of the league. If they were confident in their rules and there were clear guidelines, then this would have been sorted way before now. Punishment given, club appeal, sanction placed. But half way through and nothing. These rules are ridiculous and the longer it goes on, I feel the weaker these rules look. Shambles of a regulator.
Happy Fox Posted 3 January Posted 3 January 1 minute ago, fox_favourite said: I'm with you. Someone would have reported it by now. But the fact it hasn't happened is a disgrace on part of the league. If they were confident in their rules and there were clear guidelines, then this would have been sorted way before now. Punishment given, club appeal, sanction placed. But half way through and nothing. These rules are ridiculous and the longer it goes on, I feel the weaker these rules look. Shambles of a regulator. What did Marti allude to post match against Sheffield United? I think the club know the outcome, we will find out in the coming days I expect it to be 6-9 points.
Sky Blues Posted 3 January Posted 3 January 3 hours ago, CrazyKopCorner said: The club is still financially sound - Top has continued to run us into the ground and plough money in to cover his own incompetence. The man is a financial lunatic. That's not my idea of financially strong. It isn't even a strong plan. All the Prem money is gone but there's still vultures at the club taking out more than their fair share and there's nothing you can do about it. Football debts must be paid. 1
Ric Flair Posted 3 January Posted 3 January 1 hour ago, coolhandfox said: It sort of does as it wipes out any value the club has, if you have no money why would you let an asset worth 300m ish go into administration rather than sale it. The only people who are going to force administration is debtors, and I don’t see it being adventurous to them to them as yet. Financial thing improve massively in the summer with most of the high earns gone and two more seasons of parachute money. I am very uncomfortable about what happens to the loans we have had from that Aussie bank, it would appear on the face of it that a huge chunk of our future income is committed to that. Does not sound great if we don't go up (which we won't). 1
VLC86 Posted 3 January Posted 3 January 1 minute ago, Ric Flair said: I am very uncomfortable about what happens to the loans we have had from that Aussie bank, it would appear on the face of it that a huge chunk of our future income is committed to that. Does not sound great if we don't go up (which we won't). Yep, I’ve been saying for a while that it now probably needs external funding for these loans to be cleared and it’s very apparent that Top won’t do that, and neither will King Power. You’d say the positive is that we are their most saleable asset however you are probably burning £200m before you’ve even started the rebuild of the squad. Very concerning. 1
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