How bad can it get?

[Spanner73]

1 hour ago, foxfanazer said:

The fans continue to clap us into league two and financial ruin 

Whilst saying “Be careful what you wish for” 

 

Some fans will never see the reality of what is happening at the club and they never will. 

[Fear Of The Fox]

This is what happens when authorities/politicians allow football clubs that represent, roots wise, cities/towns and the people, to be run as barber shops. 

[jayfox26]

3 hours ago, Paninistickers said:

The vast majority of posters here gleefully cheered the departures of Mike Stowell and Adam Sandler - real, decent LCFC people who understood the culture and had served us so well..

 

The fanbase don't do itself any favours. 

 

 

 

 

 

 

[Angus Scott]

Just think back to 3&1/2 years ago.  We were semi finalists in a European competition, had probably the best squad of players we've ever had & were .an established top half Premier League club.

It's hard to think of any club of our stature that has declined to the level we are now in such a short space of time. This decline is continuing & shows no sign of ending, all the top players have gone + what money they raised has been wasted. We are run by idiots, the team is awful, the fans are losing interest by the day, the stadium needs loads of tlc, hospitality take up has fallen off a cliff.

 

This all points to a business in trouble & they must be losing money hand over fist. There is little doubt the downward spiral has a long way to run yet & I'm sure it will not end well

[1972 Fox]

6 hours ago, Terraloon said:

How does it all look without a stadium ?

Can you expand further on what you mean by this please?

[Dahnsouff]

4 hours ago, Spanner73 said:

Whilst saying “Be careful what you wish for” 

 

Some fans will never see the reality of what is happening at the club and they never will. 

And some enemies where there are none. 

Club is fractured at many levels.

[1972 Fox]

In reply to the OP, I think it will still get a lot worse. 

[Pita]

The club going to take a lot of rebuilding but I don’t think Top and Rudkin are the answer.so most probably going to get a lot worse ☹️☹️☹️

[trooky]

2 hours ago, Angus Scott said:

Just think back to 3&1/2 years ago.  We were semi finalists in a European competition, had probably the best squad of players we've ever had & were .an established top half Premier League club.

It's hard to think of any club of our stature that has declined to the level we are now in such a short space of time. This decline is continuing & shows no sign of ending, all the top players have gone + what money they raised has been wasted. We are run by idiots, the team is awful, the fans are losing interest by the day, the stadium needs loads of tlc, hospitality take up has fallen off a cliff.

 

This all points to a business in trouble & they must be losing money hand over fist. There is little doubt the downward spiral has a long way to run yet & I'm sure it will not end well

I wonder if our demise would have been as quick if PSR didn't exist?

 

The club obviously stopped spending in Rodger's last season to try and comply, 

 

If he got the squad refresh he thought he was getting where do you think we would be as a club?

 

Personally, whilst the club has been mis-managed and King Power never recovered from the  COVID travel bans, I think we would still be in the PL if it wasn't for PSR. 

 

 

 

Edited 27 December 2025 by trooky

[Angus Scott]

1 hour ago, trooky said:

I wonder if our demise would have been as quick if PSR didn't exist?

 

The club obviously stopped spending in Rodger's last season to try and comply, 

 

If he got the squad refresh he thought he was getting where do you think we would be as a club?

 

Personally, whilst the club has been mis-managed and King Power never recovered from the  COVID travel bans, I think we would still be in the PL if it wasn't for PSR. 

 

 

 

I agree & bear in mind that we had an agreement to sign Lookman at the end of that season & look how he has progressed now. The lack of a squad refresh does not excuse Rodgers disgusting behaviour but more astute owners would have seen through his antics & got rid. We all know that team should never have got relegated & that coupled with PSR was the beginning of our demise

[Beachyboy]

7 hours ago, Spanner73 said:

Whilst saying “Be careful what you wish for” 

 

Some fans will never see the reality of what is happening at the club and they never will. 

You could say the same about the UK as a whole and pretty much most of the western world, seeing reality doesn't make things any better if you aren't particularly in a position to change it, an empty king Power stadium would say more than 1000s of threads on here ever could. 

Edited 27 December 2025 by Beachyboy

[Dan]

9 hours ago, Paninistickers said:

 It's not a traditional loan. It's invoice finance.

 

When the PL.pay 'us' next season's parachute money, they instead pay Macquirie direct..That's the deal. Same as KDH's next instalment from Chelsea. We've already been advanced it from Macquirie..So Chelsea pay it to Macquarie instead. 

 

Thats why the staff delayed wages and why we can't sack.Marti evidence that we haven't got any money left. At all. And we can't go to Macquarie and ask for an advance on 2027 money, as there isn't anything to advance..

 

Which means, the only logical remaining option is a fire sale this summer to raise (I'd guess) around 45m to keep us afloat and we'll quickly go to Macquarie with each transfer deal and get an injection of cash. 

 

If we fail to raise that money through transfers, then we are no longer able to function. The business is insolvent. 

 

 

This is exactly how I feel. These loans against future earnings that we aren't going to be getting are a huge issue and we'll be left in a situation where we have to basically asset strip.

 

Our entire MO seems to be budgeting for the best case scenario - which is ridiculous anyway but relies on you getting it right every time which is basically impossible. It's beyond negligence and when it goes wrong you're just playing catch up, which we now are. It's been going on for years. The 2021/22 season where we have budgeted to finish in the Champions League places despite managing that once ever. That isn't ambitious, that's just dumb.

 

What an absolute mess. I think it goes well under the radar in the general discourse. There have been less on the face problems than under Chansiri but I think the floor is actually substantially lower. I think our final route out of this, the least bad case scenario, is somehow getting promoted this season and then basically banking the money, which means a season in the Premier League even worse than last, one where I think we'd be more likely than not to break Derby's record providing Wolves don't get there first (which is actually quite likely now imo), and then getting our house in order upon being in the Championship in 2027/28. Don't forget - this is what I consider the best case scenario. What the ****ing hell is the worst?

 

This next five years will be the worst in our history. I'm pretty sure of it now.

[john ridley]

When do you think Seagrave could be moth balled , downsized or even sold with us moving back to Belvoir  drive? Surely  there's no way we could afford  to run it as it is with league 1 football.

[Dan]

9 hours ago, BigGibbo said:

Administration is ineveitable and literally the direction of travel without a dramatic course correction that can only be acheived by re-installing people into the club that understand football, Leicester City and what is necessary to put us back onto an upward trajectory.

 

There appears to not be a single person left at the club (perhaps bar maybe Steve Beaglehole) who knows what the likes of Steve Walsh, Nigel Pearson, Craig Shakespeare, Martin O'Neill, etc, have known before.

It's why I just cannot understand how Rudkin is so bad. He has been involved at the club during some of the highs and hasn't managed to grasp what makes things click. How is that even possible?

[Stadt]

27 minutes ago, Dan said:

It's why I just cannot understand how Rudkin is so bad. He has been involved at the club during some of the highs and hasn't managed to grasp what makes things click. How is that even possible?

Him and Top are thick and/or lazy. So dumb they can’t even do things out of self-preservation 

[Corky]

3 hours ago, trooky said:

I wonder if our demise would have been as quick if PSR didn't exist?

 

The club obviously stopped spending in Rodger's last season to try and comply, 

 

If he got the squad refresh he thought he was getting where do you think we would be as a club?

 

Personally, whilst the club has been mis-managed and King Power never recovered from the  COVID travel bans, I think we would still be in the PL if it wasn't for PSR. 

 

 

 

Don't understand this Covid argument. In the summer of 2021 when the world was emerging from it, we went away from our tried and trusted transfer policy of selling a big asset and reinvesting to keeping all the key players and spending large fees on Daka, Soumare and Vestergaard. If Covid was wrecking their business, why did we spend without recouping?

 

Rodgers' squad refresh would have been dire. He is an awful value for money buyer. The worst choice to allow to shape a squad.

[Spanner73]

9 hours ago, Beachyboy said:

You could say the same about the UK as a whole and pretty much most of the western world, seeing reality doesn't make things any better if you aren't particularly in a position to change it, an empty king Power stadium would say more than 1000s of threads on here ever could. 

It would but it’s not for anyone to tell the fans what to do, you can only do your own thing, personally I don’t attend anymore and refuse to fund the regime so I do my bit. Looking at the empty stadium it does seem others are doing the same but we need more, a lot more 

[Terraloon]

13 hours ago, 1972 Fox said:

Can you expand further on what you mean by this please?

Read note 8 of the accounts. The stadium is subject to an HP agreement which has to be settled in June 26.

[BigGibbo]

12 hours ago, Dan said:

It's why I just cannot understand how Rudkin is so bad. He has been involved at the club during some of the highs and hasn't managed to grasp what makes things click. How is that even possible?

 

He's probably just the least capable of the knowledgable Leicester faithfuls that started being purged by Rodgers and have continued to be purged as scapegoats to this day.

 

He was a valuable member of a wider team at one point, but has just been promoted well above his station because, I can only assume, he was the only one of the originals willing to become a King Power yes man.

 

[Terraloon]

13 hours ago, john ridley said:

When do you think Seagrave could be moth balled , downsized or even sold with us moving back to Belvoir  drive? Surely  there's no way we could afford  to run it as it is with league 1 football.

Pretty sure that it can’t be run on Championship levels of income that is without parachute payments and or huge transfer income.

[reynard]

3 hours ago, Terraloon said:

Read note 8 of the accounts. The stadium is subject to an HP agreement which has to be settled in June 26.

For those who want to know here is the relevant bit of note 8. Taken from the club's website and obviously not the most recent figures etc.

The stadium is the subject of a hire purchase contract with K Power Holdings Company Limited, a related company. The repayment terms of the contract were contingent on the turnover associated with the League the Club plays in during the duration of the contract during the year and the payment profile of the contract has been calculated based on the league status of the Club at the year end. All amounts owing under this agreement are repayable on 30 June 2026. Amounts payable under finance leases and hire purchase contracts are set out in note 16.

 

 

Edited 28 December 2025 by reynard

[Bonanza]

On 27/12/2025 at 04:31, Sly said:

What’s the situation and feeling for King Power like at OH Leuven? 
 

@KlaaZ@Bonanza
 

@OHL@leuven

Positive: they keep paying the bills and we're still OH Leuven because they didn't turn us into Leicester's B-team of Thailand FC which, looking at other clubs with foreign owners (both present and past), really isn't that obvious.

Negative: They should be more "hand-on". I'm all for giving people a chance to build something and you shouldn't sack them after 1 or 2 mistakes, but if they keep messing things up time after time you have to replace them. King Power has been in charge since 2017 and has invested a lot of money in our club. It's an absolute disgrace that we're still a bottom half team. 

Don't get me wrong, nobody at OH Leuven expects us to win the league, but we should've been a club that finishes in 6th, 7th or 8th place by now. KP isn't the only one to blame for this. They've given the people in charge at OHL both money and time, but these guys kept screwing things up. KP is to blame for the fact that they keep giving these people more money and more time instead of replacing them. This gives the impression that KP isn't that bothered with what's going on in Leuven. The fact that Top hasn't been in Leuven to what a game in over 3 years also doesn't help...

Long story short: we could do better, but we also could do worse I guess...

 

 

[The Year Of The Fox]

On 27/12/2025 at 20:21, trooky said:

I wonder if our demise would have been as quick if PSR didn't exist?

 

The club obviously stopped spending in Rodger's last season to try and comply, 

 

If he got the squad refresh he thought he was getting where do you think we would be as a club?

 

Personally, whilst the club has been mis-managed and King Power never recovered from the  COVID travel bans, I think we would still be in the PL if it wasn't for PSR. 

 

 

 

I think back to the last 3 signings we made under him 

 

Souttar

Kristianson

Tete

 

The only astute thing KP have done in the last 5 years was NOT give him any more money to spend. 

[HighPeakFox]

Happy New Year everyone. 

[Rubbersoul]

No matter how bad it gets at least we all have each other #FoxesFamily