League One

[Paninistickers]

8 minutes ago, Sky Blues said:

The problem you have is because of the shocking overheads of your club and the position you find yourself in your club is worth closer to 40m than 400m. In League One you would be lucky to find a buyer for 40m. A new owner would have to instantly pump more than 40m straight into your club just to keep it going. If you don't keep to the new FFP rules you would find yourself under you would get a points deduction. Will you be getting another points deduction for being so far out of the rules yet again this season? 

 

Nobody with more than half a braincell would be happy to pump unlimited funds into a club with such an uncertain near future. 

Indeed. I was quoting what any normal ownership would do when running a 400m business and running out of money. You go look for investment. 

 

Not us. And for the reasons.you state, the club will become insolvent in around August. Dependent on player sales, maybe around Christmas 

[Sky Blues]

10 minutes ago, marketharboroughfox said:

Sunderland entered this division in a similar state and I see that as the closest comparison if we do go down. Expensive facilities, players on absurd contracts, owner who'd given up etc etc.

 

I've said above and before, in the moderate term we are going to need to accept a serious amount of downsizing in terms of not just the squad but also the facilities. Notwithstanding what you've written I still think enough players will be sold or released to get the numbers to work next season if relegated.

They were in serious trouble when they went down to League One and they didn't have the players on big Prem wages like you still do. Most League One clubs have a player budget of nearly as much as you're paying to your highest earners. It's about 4k a week on average, but sides like Cardiff, the side with the biggest wage bill by far about 10k a week average. The average is about 4k a week. 

 

How many players on 4k a week could you get for the wage of your two highest earners? 

 

You have no choice but to get rid of the highest earners no matter which way you have to do it. But considering they were supposed to be Prem players that have even failed in the Championship it wouldn't be a bad thing.

[Pliskin]

1 hour ago, Paninistickers said:

My best guess he will refuse to sell. And the club quietly closes its door. The entire place mothballed. 

 

I think it's a disastrous mix of the owner being a literal idiot, being lied to by yes men and relying on what's served him and his family well - blind luck. KP are essentially gamblers and something, somehow has always popped up to save them. 

Absolutely, and once you’ve used up all of your dumb luck, and you’re left to your own devices, is when things start to go horribly wrong. 

Edited 1 March by Pliskin

[trooky]

I would keep zero players, they're a disgrace.

 

If we can't sell them, then I would fcuking sack the lot for gross misconduct, or deriliction of duties. 

 

Fcuking cnuts the lot of them. 

 

The majority of league 1 or 2 clubs these days offer players 1 or maximum 2 year contracts mostly signed on frees, this is what we should do IMO. 

Edited 1 March by trooky

[marketharboroughfox]

18 minutes ago, Sky Blues said:

They were in serious trouble when they went down to League One and they didn't have the players on big Prem wages like you still do. Most League One clubs have a player budget of nearly as much as you're paying to your highest earners. It's about 4k a week on average, but sides like Cardiff, the side with the biggest wage bill by far about 10k a week average. The average is about 4k a week. 

 

How many players on 4k a week could you get for the wage of your two highest earners? 

 

You have no choice but to get rid of the highest earners no matter which way you have to do it. But considering they were supposed to be Prem players that have even failed in the Championship it wouldn't be a bad thing.

If memory serves they cleared out the majority of their Championship squad, held on to a small number and basically rebuilt the squad. We'd have to do the same.

[Sky Blues]

1 hour ago, marketharboroughfox said:

If memory serves they cleared out the majority of their Championship squad, held on to a small number and basically rebuilt the squad. We'd have to do the same.

The only problem is without a bit of luck you just become an average League One side. 

 

We thought it would be easy but never had a good season and eventually ended up in League Two. Sunderland stayed for a few seasons. But you get the chance to rebuild and start again. Keep any promising youngsters and bring in the decent journeymen. Your name should be a big pull being a big fish in a small water. Still won't be easy though. 

 

[Mickyblueeyes]

4 hours ago, Sky Blues said:

Like I said it got them out of the rental contract for the stadium. That's when we went to Northampton for our home games. 

That is an unpaid  debt. 

Edited 1 March by Mickyblueeyes

[Claudio Fannieri]

The best thing is we are on the verge of financial meltdown and yet some of the commercial deals we have entered into make no sense. 
 

For example the BC Game sponsorship was a reported £30m 2 year deal and yet their revenue is reported as £15m …..

[Sky Blues]

15 minutes ago, Mickyblueeyes said:

That is an unpaid  debt. 

Is it? No rental payments were missed. Our club was shafted with a massive rental agreement. We got out of it but it cost us a points deduction. 

[Sky Blues]

8 minutes ago, Claudio Fannieri said:

The best thing is we are on the verge of financial meltdown and yet some of the commercial deals we have entered into make no sense. 
 

For example the BC Game sponsorship was a reported £30m 2 year deal and yet their revenue is reported as £15m …..

15 + 15 was 30 when I was at school 😂

[The Doctor]

2 minutes ago, Sky Blues said:

15 + 15 was 30 when I was at school 😂

spending 100% of your revenue each year on a sponsorship isn't the sort of thing legitimate businesses do though is it?

[Sky Blues]

21 minutes ago, The Doctor said:

spending 100% of your revenue each year on a sponsorship isn't the sort of thing legitimate businesses do though is it?

Who said it was?

[marketharboroughfox]

50 minutes ago, Sky Blues said:

The only problem is without a bit of luck you just become an average League One side. 

 

We thought it would be easy but never had a good season and eventually ended up in League Two. Sunderland stayed for a few seasons. But you get the chance to rebuild and start again. Keep any promising youngsters and bring in the decent journeymen. Your name should be a big pull being a big fish in a small water. Still won't be easy though. 

 

Better to do that and eventually come back with our house in order than disappear entirely.

[brookfox]

Our only hope of staying up sits with a bloke called Nick de Marco. Not a player, coach or manager. A bloody barrister. How depressing!

[fox_favourite]

1 minute ago, marketharboroughfox said:

Better to do that and eventually come back with our house in order than disappear entirely.

Is it really? Less revenue, lower attendance and lower quality of player to attract. 

 

For us as we are now, League 1 will be disastrous. I personally don't want to drop to League 1 and possible league 2...or worse and fail to exist 

[Sky Blues]

8 minutes ago, fox_favourite said:

Is it really? Less revenue, lower attendance and lower quality of player to attract. 

 

For us as we are now, League 1 will be disastrous. I personally don't want to drop to League 1 and possible league 2...or worse and fail to exist 

Have you a better idea other than continuing to spend money you don't have and getting more points deductions along the way? 

 

Whatever division you're in next season you're going to need a big reset. You're currently losing more money each season in the Championship than you're allowed to lose over 3 seasons. Your next points deduction wouldn't be just 6 points at this rate. You're running out of players to sell that other clubs would want to pay for yet at the same time have poor players on astronomical wages.

 

It doesn't matter what division you do your reset in as long as you do one. 

[marketharboroughfox]

19 minutes ago, fox_favourite said:

Is it really? Less revenue, lower attendance and lower quality of player to attract. 

 

For us as we are now, League 1 will be disastrous. I personally don't want to drop to League 1 and possible league 2...or worse and fail to exist 

I'm talking about in the scenario where we go down. Clearly it'd be much more preferable to rebuild the club in a higher division.

[Claudio Fannieri]

50 minutes ago, Sky Blues said:

15 + 15 was 30 when I was at school 😂

Yes so surely it’s more than a bit strange and doesn’t add up that they are spending 100% of their revenue sponsoring Leicester City Football Club because it sure as hell doesn’t stack up to me 

[Pliskin]

3 hours ago, marketharboroughfox said:

Sunderland entered this division in a similar state and I see that as the closest comparison if we do go down. Expensive facilities, players on absurd contracts, owner who'd given up etc etc.

 

I've said above and before, in the moderate term we are going to need to accept a serious amount of downsizing in terms of not just the squad but also the facilities. Notwithstanding what you've written I still think enough players will be sold or released to get the numbers to work next season if relegated.

Sunderland’s situation isn’t a fraction of we have going on here. 
 

No club has ever entered league one with the obscene overheads we have. The amount of work we would need to do to reduce those overheads isn’t possible…. We’re still financially operating like a top half premier league club…. Our situation financially is completely unique, we’ve likely breached FFP again, and we will automatically breach next season on league one. 
 

There’s no recovery from relegation, we will end up in administration.

[Mickyblueeyes]

1 hour ago, Sky Blues said:

Is it? No rental payments were missed. Our club was shafted with a massive rental agreement. We got out of it but it cost us a points deduction. 

A contract with payments due for a set term. Shafted, maybe. But that means the future payments that were due would not be made. 
 

in these situations - someone loses out. That’s the point

[Mark 'expert' Lawrenson]

We’re in a unique never been seen before position where a top half successful premiership club has fallen so far so quickly. Our potential double relegation (our 3rd) in 4 seasons has left us in a perilous position.

As someone has said before the FFP  that is there to protect clubs could in fact lead to our demise. 
Obviously Top and Rudkin are ultimately to blame for the mess we find ourselves in. 
We tried to compete, chased and enjoyed the dream and overspent horrendous amounts of money in doing so. 
Bad decision after bad decision has left us facing the abyss. 
We desperately need to stay in the Championship, it at least gives us a chance of staying afloat providing we cut our cloth accordingly. 
I can’t imagine having no Leicester City to support, if we were to be relegated that scenario could become reality. 

[Bourbon Fox]

11 minutes ago, Mickyblueeyes said:

A contract with payments due for a set term. Shafted, maybe. But that means the future payments that were due would not be made. 
 

in these situations - someone loses out. That’s the point

The constructors who built our stadium never got paid...

[tinpot_fox]

Just now, Bourbon Fox said:

The constructors who built our stadium never got paid...

I had a bitter taste in my mouth about that for a long time

[Bourbon Fox]

11 minutes ago, Mark 'expert' Lawrenson said:

We’re in a unique never been seen before position where a top half successful premiership club has fallen so far so quickly. Our potential double relegation (our 3rd) in 4 seasons has left us in a perilous position.

As someone has said before the FFP  that is there to protect clubs could in fact lead to our demise. 
Obviously Top and Rudkin are ultimately to blame for the mess we find ourselves in. 
We tried to compete, chased and enjoyed the dream and overspent horrendous amounts of money in doing so. 
Bad decision after bad decision has left us facing the abyss. 
We desperately need to stay in the Championship, it at least gives us a chance of staying afloat providing we cut our cloth accordingly. 
I can’t imagine having no Leicester City to support, if we were to be relegated that scenario could become reality. 

Where's the financial director in all of this?

 

Or is that just the name Top gives to his rubber stamp

[The Doctor]

1 hour ago, Sky Blues said:

Who said it was?

So, it was stated the BC Game deal is for £30m, 2 years. Their annual revenue was stated at £15m. £15m + £15m = £30m. Their annual revenue for the two years of the deal is the same as the value of the deal - they're then spending 100% of their revenue sponsoring us.