Bilal El Khannouss loaned to Stuttgart - Official

[The Horse's Mouth]

I don’t really get why it’s rattled that many people tbh, he wasn’t that good for us and if we’re being honest facundo had a better impact albeit short lived when ruud come. He admittedly would’ve been a good cheat code at this level, but I just don’t give a toss really

Edited 2 September 2025 by The Horse's Mouth

[davieG]

https://sportwitness.co.uk/player-leaves-leicester-city-permanently-deal-helps-championship-club-raise-funds/

 

Leicester City’s Bilal El Khannouss will leave the Championship club to join VfB Stuttgart on a permanent transfer.

That’s brought by Bild, who cover the latest on the Leicester City player’s future.

The attacking midfielder joined the Foxes from KRC Genk for a reported fee of £21m [€24.3m] in August 2024.

Following Leicester City’s relegation from the Premier League, he left them to join Stuttgart on loan last summer in August 2024.

The Bundesliga side have a conditional obligation to make his stay permanent, as part of the loan deal.

Permanent Leicester City exit
In December, the Morocco international revealed both Crystal Palace and Newcastle United had been showing interest in him. However, the Championship side refused to let him join another English club.

This allowed Stuttgart to swoop in for him on a temporary deal, and now will make his stay permanent.

El Khannouss has played 1,954 minutes from 30 matches [18 in the Bundesliga] in all competitions for Stuttgart, scoring eight goals and contributing four assists.

Bild state the terms needed to make his stay permanent has been achieved, after he made certain number of appearances. In other words, the mandatory purchase obligation is now automatically ‘triggered’.

The report insist these conditions weren’t difficult to fulfil. Since it is now in effect, the German club will have to pay a €18m fee to Gary Rowett’s side. The fee could rise further with bonuses, and the English club have also secured a sell-on clause.

Financial benefit for Leicester City
Leicester City

El Khannouss will sign a contract until 2030. That deal includes a salary of €3m, with it not made clear that’s before or after tax.

Stuttgart have already paid €3.5m as a loan fee to the Championship side. With his sale, the latter will earn an additional €18m, taking the overall deal to €21.5m so far.

This allows Leicester City to recoup the majority of the fee invested to buy the Moroccan two years ago.

The Foxes are now 21st in the table and are going through financial struggles. At this difficult time, the money from El Khannouss’ sale to Stuttgart will be a welcome boost for Leicester City.

Even if the contractual agreements state the entirety of the money isn’t due yet, or first payment delayed until summer, the Championship clubs will be able to borrow against it.

[jayfox26]

3 minutes ago, davieG said:

https://sportwitness.co.uk/player-leaves-leicester-city-permanently-deal-helps-championship-club-raise-funds/

 

Leicester City’s Bilal El Khannouss will leave the Championship club to join VfB Stuttgart on a permanent transfer.

That’s brought by Bild, who cover the latest on the Leicester City player’s future.

The attacking midfielder joined the Foxes from KRC Genk for a reported fee of £21m [€24.3m] in August 2024.

Following Leicester City’s relegation from the Premier League, he left them to join Stuttgart on loan last summer in August 2024.

The Bundesliga side have a conditional obligation to make his stay permanent, as part of the loan deal.

Permanent Leicester City exit
In December, the Morocco international revealed both Crystal Palace and Newcastle United had been showing interest in him. However, the Championship side refused to let him join another English club.

This allowed Stuttgart to swoop in for him on a temporary deal, and now will make his stay permanent.

El Khannouss has played 1,954 minutes from 30 matches [18 in the Bundesliga] in all competitions for Stuttgart, scoring eight goals and contributing four assists.

Bild state the terms needed to make his stay permanent has been achieved, after he made certain number of appearances. In other words, the mandatory purchase obligation is now automatically ‘triggered’.

The report insist these conditions weren’t difficult to fulfil. Since it is now in effect, the German club will have to pay a €18m fee to Gary Rowett’s side. The fee could rise further with bonuses, and the English club have also secured a sell-on clause.

Financial benefit for Leicester City
Leicester City

El Khannouss will sign a contract until 2030. That deal includes a salary of €3m, with it not made clear that’s before or after tax.

Stuttgart have already paid €3.5m as a loan fee to the Championship side. With his sale, the latter will earn an additional €18m, taking the overall deal to €21.5m so far.

This allows Leicester City to recoup the majority of the fee invested to buy the Moroccan two years ago.

The Foxes are now 21st in the table and are going through financial struggles. At this difficult time, the money from El Khannouss’ sale to Stuttgart will be a welcome boost for Leicester City.

Even if the contractual agreements state the entirety of the money isn’t due yet, or first payment delayed until summer, the Championship clubs will be able to borrow against it.

So we've made a loss on him. If so, that's absolutely fcking ridiculous, yet not surprising. Only we could spend a fortune on a player who actually does well and looks like they have potential to be a decent player, only to sell them 2 years later for a loss. Given his age and potential, we should have never agreed such a low obligation fee. More great work from Rudkin. 

[kenny]

6 minutes ago, jayfox26 said:

So we've made a loss on him. If so, that's absolutely fcking ridiculous, yet not surprising. Only we could spend a fortune on a player who actually does well and looks like they have potential to be a decent player, only to sell them 2 years later for a loss. Given his age and potential, we should have never agreed such a low obligation fee. More great work from Rudkin. 

Why would we refuse selling to an English club? Some BS in there.

[Spudulike]

Has our favourite Wout triggered any obligations yet?

[st albans fox]

7 minutes ago, jayfox26 said:

So we've made a loss on him. If so, that's absolutely fcking ridiculous, yet not surprising. Only we could spend a fortune on a player who actually does well and looks like they have potential to be a decent player, only to sell them 2 years later for a loss. Given his age and potential, we should have never agreed such a low obligation fee. More great work from Rudkin. 

We’ve more than  covered his amortised value so not a loss on the books 

relegated teams tend to do badly on sales , especially those who are known to be broke 

 

[Tommy G]

8 minutes ago, jayfox26 said:

So we've made a loss on him. If so, that's absolutely fcking ridiculous, yet not surprising. Only we could spend a fortune on a player who actually does well and looks like they have potential to be a decent player, only to sell them 2 years later for a loss. Given his age and potential, we should have never agreed such a low obligation fee. More great work from Rudkin. 

We haven’t made a loss from a PSR point of view I don’t think. We also got a €3.5m loan fee, you expecting he’d go for £30m+?

[honeybradger]

1 minute ago, kenny said:

Why would we refuse selling to an English club? Some BS in there.

More likely to get a decent sell on from selling to Stuttgart? Crystal Palace and Newcastle might price him out of a move in the future and screw us over.

[st albans fox]

3 minutes ago, kenny said:

Why would we refuse selling to an English club? Some BS in there.

I could understand us refusing to sell to place if they screwed us over on sending Edouard back in Jan. 

[Jaspa]

11 minutes ago, jayfox26 said:

So we've made a loss on him. If so, that's absolutely fcking ridiculous, yet not surprising. Only we could spend a fortune on a player who actually does well and looks like they have potential to be a decent player, only to sell them 2 years later for a loss. Given his age and potential, we should have never agreed such a low obligation fee. More great work from Rudkin. 

They probably paid a fee for the loan, covering a chunk of his wages and then consider amortisation at 2 years into his contract. 

 

It seems quite a sensible deal, all considered. A shame we won't see him at full potential but we're a lower end Championship team now unfortunately.

[kenny]

6 minutes ago, honeybradger said:

More likely to get a decent sell on from selling to Stuttgart? Crystal Palace and Newcastle might price him out of a move in the future and screw us over.

I wonder if we have taken out a Macquerie loan against a possible sell on fee in the future as yet?

 

We have probably budgetted for 20% of £60m.

[Reg Vardy]

Few on here pleased to see him go…..Stuttgart flying…..great footballer……

[jayfox26]

15 minutes ago, Tommy G said:

We haven’t made a loss from a PSR point of view I don’t think. We also got a €3.5m loan fee, you expecting he’d go for £30m+?

No, id expect us to at least sell him for what we paid for him.

[Tommy G]

8 minutes ago, jayfox26 said:

No, id expect us to at least sell him for what we paid for him.

€3m short after 2 years when we are at the bottom end of the second tier. Could of been worse IMO

[jayfox26]

3 minutes ago, Tommy G said:

€3m short after 2 years when we are at the bottom end of the second tier. Could of been worse IMO

Given his form for Stuttgart, we easily could have at least got back what we paid. Im pretty sure Stuttgart feel they've got a great deal. Hopefully he continues doing well and they sell him on and we make a bit more back in a sell on fee. 

 

Whilst we may be in the shit, given we have limited players in our squad with any value, we should be making the most of the ones we do have and getting as much money as possible for them.

Edited 11 March by jayfox26

[Bourbon Fox]

30 minutes ago, Spudulike said:

Has our favourite Wout triggered any obligations yet?

Nope, he will be coming back after this loan as he's been crap for Monaco and their injured defenders will return

[Lad1966]

Sell on clause is pleasure surprise 

[Pita]

Another polo pony for Top 😳

[LCFCJohn]

54 minutes ago, Reg Vardy said:

Few on here pleased to see him go…..Stuttgart flying…..great footballer……

Nobody wanted to see the player go. The only arguments in favour were when it became a case of the player downing tools to force a move, at which point people became in favour of moving him on with the best possible price for the benefit of the club (which clearly our glorious leadership failed miserably at).

 

Your implication is that people of this view haven’t got a clue. I’d argue it is the case these people do have a clue as they understand that building a successful side is about more than putting individuals (in some cases who do not want to be at the club) together and expecting them to do well. If a player downs tools and is going to be a negative influence, they should be moved on.

 

I’d argue that Jordan James is a much better player for us (key bit for us) than BEK. If we could have turned a profit that allowed us to us that profit to sign James up permanently that would have been great business. But again, those managing our transfers are clueless so that won’t happen.

[OntarioFox]

forgot he was even still with us

 

bye

[Nalis]

1 hour ago, Lad1966 said:

Sell on clause is pleasure surprise 

Probably 1% knowing our lot

[Ric Flair]

I presumed we'd got a big loan fee this season for the permanent deal to only be €18m. This is staggering, might be our worst transfer outgoing yet, which takes some doing.

[BrilliantFox]

Some absolute muppets in this thread saying the selling price is tolerable.

 

Tyler Dibling a much worse player who played for a worse team that was relegated, was sold for 60 million.

 

Yet you have buffoons talking about breaking even being normal? Fans like yourselves deserve the club the state its in. Pure masochism.

Edited 11 March by BrilliantFox

[ousefox]

There's no way we made a loss on him. We have ****ing morons in charge but I refuse to believe anyone is that moronic.

[lcfc sheff]

6 minutes ago, BrilliantFox said:

Some absolute muppets in this thread saying the selling price is tolerable.

 

Tyler Dibling a much worse player who played for a worse team that was relegated, was sold for 60 million.

 

Yet you have buffoons talking about breaking even being normal? Fans like yourselves deserve the club the state its in. Pure masochism.

The reason Dibling went for what he did was because he both younger and also English!