Macquarie Loan - Cannon, McAteer, and Justin sales

[moore_94]

 

[The Hitman]

To need to keep doing this over and over with what seems every transfer shows just how bad the cash flow must be. 

[moore_94]

McAteer

£4m owed in August 2026

£4m owed in August 2027

 

Cannon

£1,893,750 owed in July 2026

£1,893,750 owed in February 2027
£1,893,750 owed in September 2027

 

Justin

£2.5m owed in August 2026

£2.5m owed in August 2027

[moore_94]

2 minutes ago, The Hitman said:

To need to keep doing this over and over with what seems every transfer shows just how bad the cash flow must be. 

Pretty standard to do it with instalments owed on transfer fees

 

The issue is the loan facilities against Prem TV money

[Foxin_Mad]

Shows at the club they have a belief they are doing well, doing the right things, that management are doing a top job. Utterly clueless and inept clowns keep doing the same things expecting different results. The persistence with this mind blowingly boring style of football is one thing but the financial incompetence will eventually lead to our failure to exist. I think we maybe the first club to fold. 

Edited 1 October 2025 by Foxin_Mad

[Les-TA-Jon]

17 minutes ago, Foxin_Mad said:

Shows at the club they have a belief they are doing well, doing the right things, that management are doing a top job. Utterly clueless and inept clowns keep doing the same things expecting different results. The persistence with this mind blowingly boring style of football is one thing but the financial incompetence will eventually lead to our failure to exist. I think we maybe the first club to fold. 

What's the evidence that these industry standard loans are a problem or evidence of our financial incompetence? 

First club to fold? First how? Haven't other clubs already folded? 

[richardsfoxes]

15 minutes ago, moore_94 said:

Pretty standard to do it with instalments owed on transfer fees

 

The issue is the loan facilities against Prem TV money

No it really isn't, look at most of the clubs similar size to us they have none or very few outstanding charges, lets just take West Ham as an example, their owners have put very little of their own money into the club and they only have 7 charges the worst out of all the clubs in the prem, we have 13 outstanding. 12 in the last 2 years, if alarm bells arn't ringing after selling 85m worth of players and not getting rid of these debts that says alot doesnt it. 

[Danizen]

How is this ok but interest free loans from cash rich owners are not?

 

Not that KP would be in a position to inject money but surely it would keep more money in the club by not paying interest. 

[Paninistickers]

2 minutes ago, Les-TA-Jon said:

What's the evidence that these industry standard loans are a problem or evidence of our financial incompetence? 

First club to fold? First how? Haven't other clubs already folded? 

The evidence is the insatiable thirst for working capital. The club is effectively insolvent. It lives hand to mouth. 

 

At some point soon, we will have no debtors to cash in. Ergo no working capital. Which means we are out of existence 

[Dahnsouff]

Just now, Paninistickers said:

The evidence is the insatiable thirst for working capital. The club is effectively insolvent. It lives hand to mouth. 

 

At some point soon, we will have no debtors to cash in. Ergo no working capital. Which means we are out of existence 

Isn't that pretty much every club? The model is abhorrent, we are but a symptom, like many others.

[Paninistickers]

Just now, Dahnsouff said:

Isn't that pretty much every club? The model is abhorrent, we are but a symptom, like many others.

True. But we deal in far higher numbers than other EFL clubs. 

 

 there's no local business consortium that can come riding in to finance us. Top/KP will scupper the ship

[Muzzy_no7]

We’ll run out of plasters soon, getting ridiculous. 
 

King Power and Rudders need to go. 

[moore_94]

14 minutes ago, richardsfoxes said:

No it really isn't, look at most of the clubs similar size to us they have none or very few outstanding charges, lets just take West Ham as an example, their owners have put very little of their own money into the club and they only have 7 charges the worst out of all the clubs in the prem, we have 13 outstanding. 12 in the last 2 years, if alarm bells arn't ringing after selling 85m worth of players and not getting rid of these debts that says alot doesnt it. 

How many of ours and West Hams are only charges regarding transfer fees owed?

[Finnegan]

Love this time of year when Foxestalk wildly over reacts to a fairly normal footballing business practice. 

[CosbehFox]

It is fairly normal. But it's concerning how regularly the loans are getting. Previously we used to do one each six months/transfer window. Seem to be a lot more consistent now. 

[Muzzy_no7]

16 minutes ago, Finnegan said:

Love this time of year when Foxestalk wildly over reacts to a fairly normal footballing business practice. 

I think the issue is that not many other clubs actually do this and a lot of our model is dependent on us getting back up, which now looks less likely. 
 

While it’s common practice to do installments for transfers around Europe, it actually isn’t common practice to get a loan sorted out for every single transfer we make, or commercial deal we do, or TV deal. 

[The Hitman]

I get that it’s fairly normal but it’s a concern that it’s still required for transfers that are only a few million. If things weren’t that tight you wouldn’t need to bother. 
 

If cash flow wasn’t really bad then we wouldn’t be pulling forward a poxy (in football terms) £2.5m from 2026 and 2027. 
 

Surely we don’t need £5m that urgently that we’re prepared to devalue it with interest payments if everything is fine. 

[Trav Le Bleu]

1 hour ago, Finnegan said:

Love this time of year when Foxestalk wildly over reacts to a fairly normal footballing business practice. 

I demand to know why the club are selling tickets to non-leicester fans!

[Spanner73]

1 hour ago, The Hitman said:

To need to keep doing this over and over with what seems every transfer shows just how bad the cash flow must be. 

🤦🏼‍♂️

 

 

[Spanner73]

1 hour ago, Foxin_Mad said:

Shows at the club they have a belief they are doing well, doing the right things, that management are doing a top job. Utterly clueless and inept clowns keep doing the same things expecting different results. The persistence with this mind blowingly boring style of football is one thing but the financial incompetence will eventually lead to our failure to exist. I think we maybe the first club to fold. 

Isn’t that what we are hoping for ? 
Id take that to get rid of KP once and for all ! 
Its beyond belief that the happy clappers still bury their head and can’t see it 

[LiliansLeftPeg]

1 hour ago, moore_94 said:

Pretty standard to do it with instalments owed on transfer fees

 

The issue is the loan facilities against Prem TV money

Your last point cannot be overstated. Add that to other non-player expenditure and loss of income (including no shirt sponsor), I think we'll have a few more transfer windows of selling players and replacing with loans/frees ahead of us.

 

I worry we're possibly pulling capital forward to cover lost wage revenue with this loan too - To this end, I'm glad we have players on high wages who are out of contract come July. 

[Lambert09]

3 hours ago, CosbehFox said:

It is fairly normal. But it's concerning how regularly the loans are getting. Previously we used to do one each six months/transfer window. Seem to be a lot more consistent now. 

It’s normal when a club is spending cash…. Not so much when a club hasn’t spent a penny in the summer. It’s to make up cash flow, which is incredibly alarming imo as we will run out of assets to sell soon 

Edited 1 October 2025 by Lambert09

[filbertway]

1 hour ago, The Hitman said:

I get that it’s fairly normal but it’s a concern that it’s still required for transfers that are only a few million. If things weren’t that tight you wouldn’t need to bother. 
 

If cash flow wasn’t really bad then we wouldn’t be pulling forward a poxy (in football terms) £2.5m from 2026 and 2027. 
 

Surely we don’t need £5m that urgently that we’re prepared to devalue it with interest payments if everything is fine. 

We've been running at massive losses so makes sense we need the cash flow.

 

A lot of people in here also complain at how unfair it is that the league discourage us from running up massive losses due with the PSR rules.

 

It should cover Vesty, Skipp and Soumare's wages for a while  

 

[Dan]

Just intrigued to know if this is as common or as frequent at other clubs or whether this is just more short-termism from us.

[FoxTrott]

Can anyone with even a smidgeon of understanding of football finance explain to me why we haven’t got a sponsor at this point? 
 

is it not like football manager where at the start of the season, you get a bunch of options and then you pick the deal you want? Surely there is someone who wants to sponsor us, even if it’s not £1 billion pounds from a Crypto-gambling-slave-labour corp? Surely some money is better than nothing given our situation seems so perilous…