HankMarvin Posted 3 January Posted 3 January (edited) 9 minutes ago, Sky Blues said: There might be a suspicion or two if you get 100m for shirt sponsorship for a year in the Championship. Thats not going to be the shortfall this year, otherwise there would not have been loans with fees and future transfers fees involved Edited 3 January by HankMarvin
Merchant_Banker Posted 3 January Posted 3 January 5 minutes ago, Spudulike said: They could sell off all that land that King Power own adjacent to Raw Dykes Road if they are that desperate. Must be worth a tidy sum and not much use if they're never going to build on it. Is that owned by King Power or LCFC?
Sol thewall Bamba Posted 3 January Posted 3 January 8 minutes ago, Corky said: I don't think he is rubbing it in, just pointing out what many of us are saying. We don't need to get defensive. It's a strange quirk that people are ok to disparage (correctly) their own club but then get defensive when fans of other clubs say exactly the same thing. I sometimes even find myself doing it. Not in this case though.
MonarchFox Posted 3 January Posted 3 January 25 minutes ago, Gamble92 said: Id actually expect us to be in a good position for the first time in years this summer. I think they're going to get yet another chance to get us out this mess. The wages of the players whose contracts are expiring equate to around £19m per season. That's more that the wage budget of a lot of championship clubs. If we can offload Faes, Vestergaard and Kristiansen in Jan, then that's another £7m off the wage bill. So I agree, hopefully in a better position in the summer to actually go out and get some players with potential 3
HankMarvin Posted 3 January Posted 3 January Just now, MonarchFox said: The wages of the players whose contracts are expiring equate to around £19m per season. That's more that the wage budget of a lot of championship clubs Yet still grossly inflated compared to the average in the league 1
Popular Post The Year Of The Fox Posted 3 January Popular Post Posted 3 January 1 minute ago, MonarchFox said: The wages of the players whose contracts are expiring equate to around £19m per season. That's more that the wage budget of a lot of championship clubs. If we can offload Faes, Vestergaard and Kristiansen in Jan, then that's another £7m off the wage bill. So I agree, hopefully in a better position in the summer to actually go out and get some players with potential Offload them where? Our fan base seem to work our finances on conjecture. Which I don’t blame them for, because that’s the way the club operate too. 8
Spudulike Posted 3 January Posted 3 January 1 minute ago, Sol thewall Bamba said: It's a strange quirk that people are ok to disparage (correctly) their own club but then get defensive when fans of other clubs say exactly the same thing. I sometimes even find myself doing it. Not in this case though. That's been the way of football fans of all clubs since time immemorial. Like a family will have squabbles but will stick together if an outsider makes any criticism. 1
MonarchFox Posted 3 January Posted 3 January 2 minutes ago, The Year Of The Fox said: Offload them where? Our fan base seem to work our finances on conjecture. Which I don’t blame them for, because that’s the way the club operate too. I did say If. 1
coolhandfox Posted 3 January Posted 3 January 1 minute ago, The Year Of The Fox said: Offload them where? Our fan base seem to work our finances on conjecture. Which I don’t blame them for, because that’s the way the club operate too. I think the the only thing we maybe able to do is loan Winks or Soumare and cover there wages, or let them go for a nominal fee. Someone in Spain or France would probably take ether, for nothing. The main reductions come in the summer.
Spudulike Posted 3 January Posted 3 January 7 minutes ago, Merchant_Banker said: Is that owned by King Power or LCFC? Most likely King Power or one of it's subsidaries. 1
Popular Post ACF Posted 3 January Popular Post Posted 3 January 18 minutes ago, Sky Blues said: There might be a suspicion or two if you get 100m for shirt sponsorship for a year in the Championship. You’re right, and if this was reversed and Cov had dodgy deals, I’d be all over it. The truth is though, Leicester are totally incompetent at commercialising their assets. We have BC.Game paying a fee to be our club sponsor. That is driven by the market. If the club had half a brain, they would add King Power as additional sponsor to the books, at 75% of that predetermined market rate. Can’t get in trouble for it, it’s less than market rate. Why hasn’t Seagrave got a title sponsor? Why couldn’t it be the Bia Saigon Centre for the year? Why aren’t they trying to maximise the existing sponsor relationships to prove their value? Or are we content on relying on the list of Thai companies that are supporting because they’re doing us a favour. Note: commercialisation of assets for advertising purposes & managing sponsorships with sporting teams is my job. 7
justfoxes Posted 3 January Posted 3 January 16 minutes ago, MonarchFox said: The wages of the players whose contracts are expiring equate to around £19m per season. That's more that the wage budget of a lot of championship clubs. If we can offload Faes, Vestergaard and Kristiansen in Jan, then that's another £7m off the wage bill. So I agree, hopefully in a better position in the summer to actually go out and get some players with potential Trouble is to that’s depletes an already poor team as I don’t think KP will put that sales fees into squad building ?
justfoxes Posted 3 January Posted 3 January 2 minutes ago, ACF said: You’re right, and if this was reversed and Cov had dodgy deals, I’d be all over it. The truth is though, Leicester are totally incompetent at commercialising their assets. We have BC.Game paying a fee to be our club sponsor. That is driven by the market. If the club had half a brain, they would add King Power as additional sponsor to the books, at 75% of that predetermined market rate. Can’t get in trouble for it, it’s less than market rate. Why hasn’t Seagrave got a title sponsor? Why couldn’t it be the Bia Saigon Centre for the year? Why aren’t they trying to maximise the existing sponsor relationships to prove their value? Or are we content on relying on the list of Thai companies that are supporting because they’re doing us a favour. Note: commercialisation of assets for advertising purposes & managing sponsorships with sporting teams is my job. Trouble is ACF the club is incompetent of thinking like that there’s loads of ways to bring in sponsorship other clubs have more than one sponsor on their shirts, yes we have BC & Bia Saigon but there’s room on their shirts back too as other teams have on the bottom back of the shirt, We also have big companies in and around Leicester we could tap up for sponsorship rights what about a retractable poly tunnel over the players Tunnel it just seems our marketing team just want to get advertising from Thai companies rather than British Advertising we have walkers but mostly around the ground and digital advertising hoardings it’s mainly Thai
Spudulike Posted 3 January Posted 3 January 8 minutes ago, ACF said: You’re right, and if this was reversed and Cov had dodgy deals, I’d be all over it. The truth is though, Leicester are totally incompetent at commercialising their assets. We have BC.Game paying a fee to be our club sponsor. That is driven by the market. If the club had half a brain, they would add King Power as additional sponsor to the books, at 75% of that predetermined market rate. Can’t get in trouble for it, it’s less than market rate. Why hasn’t Seagrave got a title sponsor? Why couldn’t it be the Bia Saigon Centre for the year? Why aren’t they trying to maximise the existing sponsor relationships to prove their value? Or are we content on relying on the list of Thai companies that are supporting because they’re doing us a favour. Note: commercialisation of assets for advertising purposes & managing sponsorships with sporting teams is my job. We also have 4 stands in our stadium without sponsorship.
Pliskin Posted 3 January Posted 3 January 3 hours 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. Ordinarily, what you’re saying is spot on. My only fear is the emotional connection with the club the family have….. Is it unreasonable to think that they may struggle to let the club go? Have the rest of the family already let go, and Top is refusing too, but kind of has if that makes sense? So my fear is, not through anything malicious other than incompetence and the fear of letting go, Top subconsciously jus lets the club drift, and rather than he actively parting from it, waits for it to be taken from him? It makes zero business sense, but what actually makes any sense in the last decade? It makes no sense that we’re stinking out the championship, and teams like Brighton, Bournemouth and Brentford are steadily ticking over at PL level, without any of the success we’ve had…… Were such an anomaly that I wouldn’t put it past us to “accidentally” end up in administration…….. because if any club in the world could do such a thing, it’s us….. 4
john ridley Posted 3 January Posted 3 January 1 hour ago, Muzzy_no7 said: Oh here you are again. Go and worry about your own wobble disrupting your second best season in your history. Have they ever had a "good" season 🤣🤣🤣
Sky Blues Posted 3 January Posted 3 January 7 minutes ago, john ridley said: Have they ever had a "good" season 🤣🤣🤣 This one hasn't been too bad so far. But we got used to losing for most of the time with our 25 year siesta 🥳 Can't wait until it's time to lose nearly every week. Prefer to keep the money and let someone else go up.
Heathrow fox Posted 3 January Posted 3 January All these exsisting and future loans when borrowing money stopped being free.
Lineker's Left Foot Posted 3 January Posted 3 January 1 hour ago, Sky Blues said: Gloat? I've watched my club go through it and I wouldn't wish it on my biggest enemy. Every time you think it can't get worse you don't have much time to find out you're wrong. A bit of banter harms nobody but some subjects are above banter. This is one of them. At least you have your great memories and will stay in the record books. Tbf I agree mate, and even though I live in Hinckley now, I don’t genuinely see you as rivals. From the tough times you’ve had, you definitely deserve your ‘place in the sun’ for awhile. 1
john ridley Posted 3 January Posted 3 January 51 minutes ago, Sky Blues said: This one hasn't been too bad so far. But we got used to losing for most of the time with our 25 year siesta 🥳 Can't wait until it's time to lose nearly every week. Prefer to keep the money and let someone else go up. Some truth in what you say,it's not fun getting pumped every week.Your chairman might be happy with the money but as fans you get pretty pissed off .Also probably Fat Frank would go ,think he might be destined for West Ham anyway .
Claudio Fannieri Posted 3 January Posted 3 January (edited) We were allowed under EPL rules to lose no more than £105m over 3 seasons and the people at our club managed to lose almost double that, regardless of the rules for any business to lose close to £200m is criminal. This regime deemed it acceptable to be running our wage bill at over 100% of turnover. We continue to run a wage bill that is largely unsustainable for a club with our revenue streams. KP / Aiyawatt have gambled big time with our future, you cannot sustain losses of over £200m in a 3 year period and be able to continue to run a business losing millions a year without substantial cash reserves, which I don’t believe we have and I don’t believe KP are in a position to keep bankrolling given the other fires they are dealing with. Perhaps the family have had to make a decision to prioritise saving one of Vichai’s business loves and perhaps given KP were in existence long before the family got involved in LCFC and also that KP will ultimately not be a vanity project or cash cow, accepted that LCFC has to take the back seat, hence why we are seeing a clamping down and certain financial decisions have recently been taken to help manage cash flow. There are a couple of sayings in business that I think Aiyawatt and Rudkin should consider when managing the finances of LCFC - - Revenue is vanity, profit sanity. - Cash is king. Edited 3 January by Claudio Fannieri 3
Sky Blues Posted 3 January Posted 3 January 44 minutes ago, john ridley said: Some truth in what you say,it's not fun getting pumped every week.Your chairman might be happy with the money but as fans you get pretty pissed off .Also probably Fat Frank would go ,think he might be destined for West Ham anyway . Our newer supporters, the younger ones, won't have seen anything like it. They're moaning already when we're not winning every game when we haven't got enough fit players to fill the bench. There's a lot of difference with 8 points clear at the top and 8 points clear at the bottom. It will be comedy gold.
john ridley Posted 3 January Posted 3 January 1 minute ago, Sky Blues said: Our newer supporters, the younger ones, won't have seen anything like it. They're moaning already when we're not winning every game when we haven't got enough fit players to fill the bench. There's a lot of difference with 8 points clear at the top and 8 points clear at the bottom. It will be comedy gold. Yeah looking forward to it 👍 Cov fans at work said people were leaving early the other night when you went 2 nil down to Ipswich ,get used to it i said.Enjoy the ride 😀. 1
Sky Blues Posted 3 January Posted 3 January 6 minutes ago, john ridley said: Yeah looking forward to it 👍 Cov fans at work said people were leaving early the other night when you went 2 nil down to Ipswich ,get used to it i said.Enjoy the ride 😀. I am used to it. Been going nearly 50 years. Seen about 45 relegation battles 🤣 2
Loxm Posted 3 January Posted 3 January 2 hours ago, The Year Of The Fox said: Offload them where? Our fan base seem to work our finances on conjecture. Which I don’t blame them for, because that’s the way the club operate too. We managed to offload Coady this summer. There will be some idiots that will buy winks and Faes for a low price. Just got to find the idiots 1
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