BTG - Kieran Maguire

[VLC86]

56 minutes ago, Loxm98 said:

Take a look at this absolute whopper!

 

Top and Co getting in on the BOT game I see.

[Footballwipe]

36 minutes ago, Globalfox said:

Yes he is an academic never put his neck on the line to build or run a business. Those who can do those who cannot teach. It’s the same with financial advisors if they are so good why are they giving viewpoints on investing your money when they should be making so much they should not be interested in your money.. with no access to inside data he is just guessing like the rest of us.

He has worked in the finance sector for decades, including working within administration/liquidation of businesses, which has included football clubs.

 

The man has years and years of experience of looking at, analysing and deducing balance sheets, accounts and information.

 

He has advised several prospective owners of football clubs on valuations, he has spoken to a parliamentary committee and is respected as someone who has excellent football finance knowledge, and can explain it simply. He actually has utmost respect for someone like Swiss Ramble and Swiss has featured on his podcast.

 

If you'd take some time to research someone rather than espouse such a ridiculous take then you might have learnt something. I'm sorry he isn't telling you what you want to hear. I'm sorry he can't say Top is doing a spellbinding job and everything is okay.

 

It's quite amazing that rather than digest his analysis (which a lot of us were aware of, admittedly) that we are up the shitter financially, and instead focus on his qualifications to say such analysis. I reckon your head should come out of the sand and stop avoiding the issues we have at hand tbh.

[Greg2607]

54 minutes ago, Globalfox said:

Yes he is an academic never put his neck on the line to build or run a business. Those who can do those who cannot teach. It’s the same with financial advisors if they are so good why are they giving viewpoints on investing your money when they should be making so much they should not be interested in your money.. with no access to inside data he is just guessing like the rest of us.

Isn't this like the equivalent of saying that this forum should only accept opinions from people who previously were professional footballers as the rest of us aren't qualified to be able to provide any kind of sensible viewpoints or analysis? 

 

SHUT DOWN FOXESTALK EVERYONE - Globalfox has spoken!! 

[RonnieTodger]

£91k p/w average got us a back five of:

 

GK Danny Ward

LB Luke Thomas

CB Daniel Amartey

CB Wout Faes

RB James Justin

Edited 23 January by RonnieTodger

[ClaphamFox]

55 minutes ago, Globalfox said:

Yes he is an academic never put his neck on the line to build or run a business. Those who can do those who cannot teach. It’s the same with financial advisors if they are so good why are they giving viewpoints on investing your money when they should be making so much they should not be interested in your money.. with no access to inside data he is just guessing like the rest of us.

He's a full-time academic specializing in football finance. He spends his entire working life immersed in the topic, which means he understands the rules better than the vast majority of us and also regularly scrutinizes the publicly available accounts of professional football clubs in a way that most people would not have the time nor the inclination to. This does not mean he is going to know everything that is going on behind the scenes, but it does mean he's likely to have more of an idea about what's going on than most of the rest of us. 

 

I'm puzzled by your hostility towards him. It's a bit strange. 

[Broof]

It's just so depressing that Rudkin should've been sacked years ago and not only is he still about but he's getting a promotion. It's absolutely ground me down into this weird apathy. I know him and KP are intrinsically linked but I think until he leaves its just going to be impossible for me to feel much of anything about the club. And yet here I am, still reading about how bad things are, and I’m not even sure why anymore

[Raj]

2 hours ago, Globalfox said:

Ask him have you ever invested in a football club, have you ever owned a football club, have you ever been the CEO of a football , does he have access true review of financial details not covered in the annual accounts, does he follow Swiss Ramble, if the answer is no then what makes him more of an expert than anyone else who can read?

 

1 hour ago, Globalfox said:

Yes he is an academic never put his neck on the line to build or run a business. Those who can do those who cannot teach. It’s the same with financial advisors if they are so good why are they giving viewpoints on investing your money when they should be making so much they should not be interested in your money.. with no access to inside data he is just guessing like the rest of us.

 

 

Blimey, i spout some crap on this forum but your running me a good second here pal!

[Finnegan]

46 minutes ago, kingfox said:

It’s as if the club got too big for their boots, the success of those top six finishes went to their heads, so they started operating as if we were a cemented top six team. 
 

I think we all knew our wage bill was damaging us, getting relegated from the Premier League with the 7th highest wage bill in the division, you’re bound to feel the after effects for numerous seasons afterwards. 
 

What is madness though is they seemingly didn’t learn their lesson in the Championship, the signings of Winks and Coady in particular. 
 

This season all this mismanagement since the Rodgers years has come to the boil. 
 

The potential saving grace is that some high earners will probably leave in the summer.

 

We became a Big Six club in terms of performance and achievement and forgot we weren't one on the ledger. 

 

[Philkeavo]

Well done, Lox. That was a great interview and provided a sobering insight into the financials.

It aligns with what we’ve always suspected, but hearing it laid out in such forensic and unemotional language is still painful. It is clear that the blame for our spectacular decline lies squarely with Aiyawatt; he is the one common denominator. While Rudkin is utterly incompetent on every level, Aiyawatt is the one who signed off on these appalling decisions. From a purely strategic standpoint, if King Power wants to protect the club as a business asset, they need to boot him off the Board and let him spend his time exclusively on his only true interest, polo..

[Loxm98]

Just now, Philkeavo said:

Well done, Lox. That was a great interview and provided a sobering insight into the financials.

It aligns with what we’ve always suspected, but hearing it laid out in such forensic and unemotional language is still painful. It is clear that the blame for our spectacular decline lies squarely with Aiyawatt; he is the one common denominator. While Rudkin is utterly incompetent on every level, Aiyawatt is the one who signed off on these appalling decisions. From a purely strategic standpoint, if King Power wants to protect the club as a business asset, they need to boot him off the Board and let him spend his time exclusively on his only true interest, polo..

Thanks Phil.. Some people will (rightly so) say its just stuff we already knew... but I think its important to squeeze out as much insight/detail as possible into the financial mismanagement over the last few years, and get as many 'outsider' views as possible.. 

Kieran isn't a Leicester fan. He has no investment in KP Out or KP In, he is just someone who works in this field providing analytical insight, and i think its super interesting what he has to say about the club.

[Ian S]

2 hours ago, kenny said:

Daka

Ricardo

Ayew

Winks

 

£250-300k per week saved.

Soumare is a substantial earner

[Philkeavo]

1 minute ago, Loxm98 said:

Thanks Phil.. Some people will (rightly so) say its just stuff we already knew... but I think its important to squeeze out as much insight/detail as possible into the financial mismanagement over the last few years, and get as many 'outsider' views as possible.. 

Kieran isn't a Leicester fan. He has no investment in KP Out or KP In, he is just someone who works in this field providing analytical insight, and i think its super interesting what he has to say about the club.

I think what the interview did for me was confirm where the problems at our club start and end - with the self-entitled smarmy man child. He has been ruinous for our club. Rudkin just does as he is told. Whelan got out, she’d had enough of the madness. Every single Leicester fans ire, frustration and rage should be directed at one person.

[Finnegan]

4 minutes ago, Loxm98 said:

Thanks Phil.. Some people will (rightly so) say its just stuff we already knew... but I think its important to squeeze out as much insight/detail as possible into the financial mismanagement over the last few years, and get as many 'outsider' views as possible.. 

Kieran isn't a Leicester fan. He has no investment in KP Out or KP In, he is just someone who works in this field providing analytical insight, and i think its super interesting what he has to say about the club.

 

There were definitely things in there that I either didn't know or straight up hadn't considered. I've heard the numbers about our ratio of wage bill to income but I had no idea we were literally the worst ever at one point. 

 

I also didn't know that bit about the structuring of our contracts being so skewed to basic wage vs bonuses compared to other clubs which does go a long way to explain why, as the like of @Stadt have pointed out before, we struggle to move players on more than other clubs. 

 

It's all pretty damming of either Rudkin or whoever else has been in charge of negotiating player contracts here for the longest time. 

 

It smacks of naivety and inexperience which tracks, given JR was never particularly qualified for the post. 

 

Also goes a way to explaining why the players don't actually hate the man and he seems to be well spoken of inside the club hahaha. 

 

[filbertway]

7 minutes ago, Finnegan said:

 

There were definitely things in there that I either didn't know or straight up hadn't considered. I've heard the numbers about our ratio of wage bill to income but I had no idea we were literally the worst ever at one point. 

 

I also didn't know that bit about the structuring of our contracts being so skewed to basic wage vs bonuses compared to other clubs which does go a long way to explain why, as the like of @Stadt have pointed out before, we struggle to move players on more than other clubs. 

 

It's all pretty damming of either Rudkin or whoever else has been in charge of negotiating player contracts here for the longest time. 

 

It smacks of naivety and inexperience which tracks, given JR was never particularly qualified for the post. 

 

Also goes a way to explaining why the players don't actually hate the man and he seems to be well spoken of inside the club hahaha. 

 

Yeah that part about the wages being made up mainly of basic pay not being the norm was a real eye opener. I knew Spurs were fairly famous for having heavily performance related pay but didn't realise it was so common that we're likely an outlier.

 

The scary thing is, I imagine Rudkin also had no idea. Given our business seems to be based on an incredibly small network of people, I imagine his all round knowledge of the game at the top level isn't great.

[kingfox]

34 minutes ago, Finnegan said:

 

We became a Big Six club in terms of performance and achievement and forgot we weren't one on the ledger. 

 

Yep.

 

The story is simple, don’t be getting relegated from the Premier League with the 7th highest wage bill in the division, otherwise you’ll suffer numerous consequences further down the line. 

[Finnegan]

7 minutes ago, kingfox said:

Yep.

 

The story is simple, don’t be getting relegated from the Premier League with the 7th highest wage bill in the division, otherwise you’ll suffer numerous consequences further down the line. 

 

Probably more simple than that, don't have the 7th highest wage bill in the division in the first place when you've got a commercial footprint closer to Boston United than Manchester United. 

 

[HankMarvin]

6 minutes ago, Finnegan said:

 

Probably more simple than that, don't have the 7th highest wage bill in the division in the first place when you've got a commercial footprint closer to Boston United than Manchester United. 

 

Villa were close to 96 percent, before there champions league run, but they have just brought in club record income of £390m 

£72m prize money, High-profile home matches against Bayern Munich, Celtic and Paris Saint-Germain - coupled with some controversially high ticket prices helped boost matchday revenues by nearly £25m.

New sponsorship deals with Adidas and Betano also saw commercial income almost double, with Deloitte’s figures showing it standing at more than £70m.

Perhaps most significantly, the surge in income saw Villa’s turnover-to-wages ratio plummet from 96 to 71 per cent. 

Next seasons accounts will be interesting, and in the meantime they desperately need to qualify for the champions league, or they could be on a similar path of over expenditure. 

[kenny]

55 minutes ago, Ian S said:

Soumare is a substantial earner

Are you suggesting he 'earns' his salary?

Edited 23 January by kenny

[pkonline]

An excellent, informative interview and superb watch - well done!

[kiddo]

Shocking but needs to be heard.

 

I can’t believe how our player's wages are structured, no wonder most don’t give a ****  if we win or lose, they still get their big bucks either way.

 

Needs some serious sorting out.

[Corky]

Good to have it laid out and almost confirmed that the main issues we have faced has occurred since this combination took over the running of the club and why those calling for change have many salient points.

[Wink84]

@Loxm would be good if you could get Stefan Borsons take too as he believes we breached last season too.

[Loxm]

17 minutes ago, Wink84 said:

@Loxm would be good if you could get Stefan Borsons take too as he believes we breached last season too.

Yes I have been in touch with him too so he may appear at some point soon!

[The Year Of The Fox]

Great interview 👍🏻

[Parker Pen]

Very insightful interview Lox.
I firmly believe that Fraudster Lee Congerton had too much sway and totally mugged off the rank amateurs, Rudkin and Top with the dross signings and contracts. Sunderland have only just recovered  from his stint as Technical Director a decade ago!