How low

[RowlattsFox]

This thread is going to keep going 

[Sly]

I think this is a serious topic of discussion now.

 

Ricardo, Winks, Ayew, Daka and Begovic leave in the summer. That’s not a bad thing in itself, as well lost likely be in league one.

 

Fatawu will be sold. 

 

However, can you see us replacing them?
 

We’ll look to utilise the youth within the academy. These aren’t ready to play a more physical style of football. That is evident from what we’ve been watching this season. 

 

A few loan if we get them will also most likely be youth players. 
 

We could continue to drop If we aren’t careful. 

[Foxin_Mad]

We will be in League 2 or bankrupt within the next 3 years. I fear we will be the first ever team to go out of existence that’s won the premier league and fa cup

[oxtonfox]

9 minutes ago, Foxin_Mad said:

We will be in League 2 or bankrupt within the next 3 years. I fear we will be the first ever team to go out of existence that’s won the premier league and fa cup

Just who would possibly buy this club now given the debts building up to McQuarrie and the state of free fall?.

I fear bankruptcy, administrators locking up King Power and us demoted to conference north division and playing home games at Northamptons Sixfields, if we’re lucky.

There’s always the Leicestershire Senior Cup as a trophy target… 

Edited 14 February by oxtonfox

[Foxin_Mad]

2 minutes ago, oxtonfox said:

Just who would possibly by this club now given the debts building up to McQuarrie and the state of free fall?.

I fear bankruptcy, administrators locking up King Power and us demoted to conference north division and playing home games at Northamptons Sixfields, if we’re lucky.

There’s always the Leicestershire Senior Cup as a trophy target… 

100% no one is buying this shitshow even now. I’m not sure there is a way out other than blind luck maybe. After the parachute payments stop we are done. It’s not an attractive business to any buyer, it’s haemorrhaging money, the commercial side is a mess, it’s fundamentally insolvent and needs a huge painful restructure that will lead to hundreds of redundancies. 

Edited 14 February by Foxin_Mad

[Pliskin]

The reason we will go bust, is because Top isn’t even considering “relegate” as an option. He probably doesn’t even know where we are in the table, saying “play offs” are the target. 
 

And the EFL know this, and I expect they will want to see some evidence of how the club plan to avoid a disaster. I’ve heard that the EFL and EPL are genuinely concerned we’re on the brink of going bust. 
 

I don’t think we will exist on three years time, unless Top sells the club. Which I think he will if enough pressure is put on him, he’s a mardy bastard after all. 

Edited 15 February by Pliskin

[OntarioFox]

This is objectively the lowest we have been in the Football League since September 18th, 2010, when Paulo Sousa's terrible start took us to 22nd in the table after an anaemic home loss to QPR. We'd ultimately end up propping up the table for a few games before Sousa got the sack after the debacle at Norwich.

That's fifteen and a half years, and for the first time since King Power took charge (at the time there was a transitional joint-ownership between KP and Mandaric).

And the worst thing? Few of us at the time doubted we'd get ourselves out of that slump at the time, especially when we acted early and got Sven in. We were a proactive club then, and of course it happened a month into the season rather than with 2 months to go.

This is the pits by comparison. There's nothing to get behind, besides a naive assumption that a number of these players could step up a level - but we've had six months to see it now and it hasn't happened once. There's a painful inevitability to our demise, we all know what's about to happen. And of course, the feeling around the ownership is the exact opposite right now - there was excitement then around what the new leadership would bring, in terms of both investment and recruitment. Now it's so, so stale and there's no hope as a result.

 

Edited 14 February by OntarioFox

[Foxin_Mad]

Just now, Pliskin said:

The reason we ell go bust, is because Top costly isn’t even considering “relegate” as an option. He probably doesn’t even know where we are in the table, saying “play offs” are the target. 
 

And the EFL know this, and I expect they will want to see some evidence of how the club plan to avoid a disaster. I’ve heard that the EFL and EPL are genuinely concerned we’re on the brink of going bust. 
 

I don’t think we will exist on three years time, unless Top sells the club. Which I think he will if enough pressure is put on him, he’s a mardy bastard after all. 

Would anyone buy it even now? It’s a mess. Needs a lot of money and work to save. People would hate it but we need a proper business man to come in like Mike Ashley, he knows how to turn around and restructure business. He got a lot of stick from Newcastle but he stabilised them. Either that or someone rich from Leicester who is bored and wants to save it. Not sure how much say Vardy, Lineker and Henskey have these days and if they could raise more? 

[Bezzanator89]

I can't even draw comparisons to the drop into League One from 2008. We are in such a much worse position compared to that. Players incur higher contracts and fees, general costs of running a club are going up astronomically, and the club can't afford to increase prices as it will further alienate an already-disillusioned fanbase.

 

How low can we go? I watched that 20 minute video on a separate video, and we fall through that trap door, there could be no way back. Unthinkable as it may be, it could be a realistic prospect once those parachute payments dry up.

[Sly]

13 minutes ago, oxtonfox said:

Just who would possibly buy this club now given the debts building up to McQuarrie and the state of free fall?.

I fear bankruptcy, administrators locking up King Power and us demoted to conference north division and playing home games at Northamptons Sixfields, if we’re lucky.

There’s always the Leicestershire Senior Cup as a trophy target… 

Could just play games at Seagrave! 

[oxtonfox]

1 minute ago, Sly said:

Could just play games at Seagrave! 

Administrator will be selling Seagrave to whomever, possibly Derby or Nottingham Forest. A knockdown price though… 

[Mickyblueeyes]

4 minutes ago, oxtonfox said:

Administrator will be selling Seagrave to whomever, possibly Derby or Nottingham Forest. A knockdown price though… 

The problem is, similar clubs around us. Derby, Forest and/or Cov will not see the facility after detailed DD as a viable option - the costs are a hinderance for clubs of that size. There is a reason it’s compared to mega clubs like Barca and Man City. Their revenue justifies it. 
 

It’s a fabulous facility but you sit down and consider the pure lack of business acumen to go that big, even where we were at the time, you realise the disregard of the long term future of the club to massage egos.

Edited 14 February by Mickyblueeyes

[It'sblueupnorth]

57 minutes ago, Mickyblueeyes said:

The problem is, similar clubs around us. Derby, Forest and/or Cov will not see the facility after detailed DD as a viable option - the costs are a hinderance for clubs of that size. There is a reason it’s compared to mega clubs like Barca and Man City. Their revenue justifies it. 
 

It’s a fabulous facility but you sit down and consider the pure lack of business acumen to go that big, even where we were at the time, you realise the disregard of the long term future of the club to massage egos.

Could it be something the FA would be interested in for England

[FoxTimmy2]

10 year low off the high a decade ago. What goes up, must come down. 

[gerrytaggart]

We've been the best.  Now we can be the worst!!!.   Embrace the badness.

[squidsworth]

Get rid of the old journey men. Start with that, we stand a chance getting out of league 1. Or going bankrupt.

[FoxFossil]

If Sunderland guy is right, dramatic cost savings needed asap to save club from going bankrupt in 18 months.

Step 1. Moth ball Seagrave immediately, reduce staff, and return to Belvoir Drive. Saving c£10m-£15m. This also sends a wake up call to players.

Step 2. Shut down womens team. Really bad but this is where we are. Saving c£3m - £5m

Step 3. Slash remaining staff including Rudkin. Saving c£2m.

Total savings against running costs c£20m/ yr

in addition to reduction in high wages.

Step 4. Sell Fatawa £15m, Monga £10m, Anyone else £5m. Total to pay towards cutting loans £30m not running costs, hence reduced interest payment which were based on income streams now gone.

Step 5. Anyother bright ideas?

All the above before league 1 campaign begins, in hope of making club a going concern and mildly attractive to buyers.

[Katy]

The worrying thing is, no one took the people with concerns seriously 3/4/5 years ago and now there are STILL people who think the possibility of going out of business is an overreaction. What will it take for for some of our fans to wake up? Turning up on a match day and the turnstiles be boarded shut? We are in very serious bother and anyone who professes to care about the club and isn’t deeply concerned, needs to be.

 

[LCFCJohn]

1 minute ago, Katy said:

The worrying thing is, no one took the people with concerns seriously 3/4/5 years ago and now there are STILL people who think the possibility of going out of business is an overreaction. What will it take for for some of our fans to wake up? Turning up on a match day and the turnstiles be boarded shut? We are in very serious bother and anyone who professes to care about the club and isn’t deeply concerned, needs to be.

 

This isn’t even an exaggeration but they will literally just say they have seen it all and at least we won the league and the cup and head off to do something else with their Saturday afternoons (tv schedule pending ). 
 

Unbelievably really. 

[Katy]

4 minutes ago, LCFCJohn said:

This isn’t even an exaggeration but they will literally just say they have seen it all and at least we won the league and the cup and head off to do something else with their Saturday afternoons (tv schedule pending ). 
 

Unbelievably really. 

Without a shadow of a doubt. Idiocy in action. 

[Pliskin]

12 hours ago, oxtonfox said:

Just who would possibly buy this club now given the debts building up to McQuarrie and the state of free fall?.

I fear bankruptcy, administrators locking up King Power and us demoted to conference north division and playing home games at Northamptons Sixfields, if we’re lucky.

There’s always the Leicestershire Senior Cup as a trophy target… 

Totally agree. And this is the problem. There’s a few far cleverer than me who have suggested it won’t be that bad, but, have they considered that our owner is an idiot who doesn’t understand football or business and the two together is something that isn’t even in his vocabulary. When you’ve got so many subject experts not connected to Leicesters saying “they’re in big trouble” they’re normally right….. the same things were said about Portsmouth, Bolton Wigan and Derby. And our position is far worse than any of theirs. Our debt is probably worth more than the Portsmouth and Derby’s club values combined…… so where is the escape route? There is none….. we’re in the most precarious position we’ve ever been at the club… the reason being that it’s going to take more money to save us than any other club in English football history…. 
 

The only shred of hope we have is we stay up, by any means necessary, yes it probably just prolongs a slow death under King Power, but “relegate” and it’s all over, and it will unravel very quickly, potentially faster than we all expect. 

Edited 15 February by Pliskin

[Tielemans63]

12 hours ago, oxtonfox said:

Just who would possibly buy this club now given the debts building up to McQuarrie and the state of free fall?.

I fear bankruptcy, administrators locking up King Power and us demoted to conference north division and playing home games at Northamptons Sixfields, if we’re lucky.

There’s always the Leicestershire Senior Cup as a trophy target… 

People will take the piss, but I agree with you completely in that I think this is all well within realms of possibility. Think about the disaster of the last 3 seasons....and it's been unchecked....things are not going to magically get better. 

[Vestan Pance]

I think it's quite ironic that the PSR rules were brought in to stop clubs going bust, they didn't reckon on the stupidity of Leicester City. The PSR rules in our case will be the thing that has fed our administration, because stupidly Top would have kept piling his own money in without the regulations.

 

I'm not saying our demise is the fault of PSR, far from it, but the rules don't account for terrible owners and directors like ours, and have sped up our inevitable fall.

Edited 15 February by Vestan Pance

[Nickaj]

12 hours ago, Mickyblueeyes said:

 

It’s a fabulous facility but you sit down and consider the pure lack of business acumen to go that big, even where we were at the time, you realise the disregard of the long term future of the club to massage egos.

I was working in S.E. Asia when Seagrave opened when it was being described locally as a centre of excellence open to all promising talent from the region as a route into European professional football.

I don't believe Vichai ever intended it to be solely for LCFC use - hence the size / hotel accommodation etc.

In fact now thinking back, I remember a lot of local news about a Thai youth team staying there for a few days intensive training

[Rigga]

I was wary as early as 19/20 and 20/21 season where we bottled CL after being in such a great position..

it showed a mental weakness in the club.

something that has remained (got significantly worse )

Over the last few seasons.

no manager in the world could manage this lot..

We are now  just sleep walking into league 1 and top has absolutely no interest in trying to avoid that slide..