6 point deduction - confirmed

[marketharboroughfox]

3 minutes ago, Long Eaton Fox said:

Hope you're right

If a white knight comes along for Sheffield Weds, one will come along for us. At least that's what you have to hope for anyway.

[Lambert09]

10 minutes ago, marketharboroughfox said:

If a white knight comes along for Sheffield Weds, one will come along for us. At least that's what you have to hope for anyway.

The difference is the running costs and commitments of the two clubs. You can turn Sheffield Wednesday into a profit if successful. You have to just hate your money to take us on.  
 

it’s far harder to sell a mansion than a flat. 

Edited 20 February by Lambert09

[marketharboroughfox]

2 minutes ago, Lambert09 said:

The difference is the running costs and commitments of the two clubs. You can turn Sheffield Wednesday into a profit if successful. You have to just hate your money to take us on.  
 

it’s far harder to sell a mansion than a flat. 

Yes and no. Hillsborough is a decrepit mess that needs expensive work done to it and they'll need virtually an entire squad next season.

 

Our high earners will eventually be moved on and if nothing else, we have a big wedge of land and property that can be sold off. Downsize and build back up.

[Lambert09]

1 minute ago, marketharboroughfox said:

Yes and no. Hillsborough is a decrepit mess that needs expensive work done to it and they'll need virtually an entire squad next season.

 

Our high earners will eventually be moved on and if nothing else, we have a big wedge of land and property that can be sold off. Downsize and build back up.

How much do you think we’d be sold for?  I’d imagine he would factor all of that into any sale price 

[marketharboroughfox]

Just now, Lambert09 said:

How much do you think we’d be sold for?  I’d imagine he would factor all of that into any sale price 

The club as it stands isn't worth anything. You'd pay a nominal amount in exchange for taking on the various liabilities and debts.

 

We have a number of heavy burdens on the club's finances....be it the wage bill or the maintenance for all the property we have. High earners need to be sold or naturally let go when their contracts expire, and we have to re-evaluate what a club like ours needs with respect to training facilities, academy etc. Sell off what we don't absolutely need to support Championship football and try to regrow the club more organically. Many people might baulk at that, but we literally cannot afford to continue as things are.

[Dan]

Genuinely unsure what we do about the training ground in terms of a cost. Is there any way for it to generate us money?

 

I think it was a noble idea but far riskier than any of us appreciated.

[woznotwos]

[LeePhilpottsBaldSpot]

50 minutes ago, Lambert09 said:

The difference is the running costs and commitments of the two clubs. You can turn Sheffield Wednesday into a profit if successful. You have to just hate your money to take us on.  
 

it’s far harder to sell a mansion than a flat. 

Apologies if I'm being thick but wouldn't a new owner just cease the things draining money. Unless I'm misunderstanding contracts etc it's not like we have to continue making the mistakes of the past.

 

If we need to - move back into Belvoir Drive, sell off Seagrave (either to another club / the FA or just flatten it and sell the land for housing).

 

Women's team could sadly have to downgrade if it's losing money.

 

The £5m quoted for the youth set up seems worth it as a loss leader. Will give us players we don't need transfer fees and when the time comes sellable assets. We made £12m back on Kasey McAteer, £25m on KDH, £35m on Barnes, £45m on Chilwell, etc.

Edited 20 February by LeePhilpottsBaldSpot

[The Year Of The Fox]

9 minutes ago, LeePhilpottsBaldSpot said:

Apologies if I'm being thick but wouldn't a new owner just cease the things draining money. Unless I'm misunderstanding contracts etc it's not like we have to continue making the mistakes of the past.

 

If we need to - move back into Belvoir Drive, sell off Seagrave (either to another club / the FA or just flatten it and sell the land for housing).

 

Women's team could sadly have to downgrade if it's losing money.

 

The £5m quoted for the youth set up seems worth it as a loss leader. Will give us players we don't need transfer fees and when the time comes sellable assets. We made £12m back on Kasey McAteer, £25m on KDH, £35m on Barnes, £45m on Chilwell, etc.

This wouldn’t happen under King Power- although I don’t think you’re saying it would.

 

I don’t think administrators would do that either though. Can you imagine the headlines and optics. Maybe I’m being naive as to what administrators have to do though 
 

 

[Lambert09]

42 minutes ago, LeePhilpottsBaldSpot said:

Apologies if I'm being thick but wouldn't a new owner just cease the things draining money. Unless I'm misunderstanding contracts etc it's not like we have to continue making the mistakes of the past.

 

If we need to - move back into Belvoir Drive, sell off Seagrave (either to another club / the FA or just flatten it and sell the land for housing).

 

Women's team could sadly have to downgrade if it's losing money.

 

The £5m quoted for the youth set up seems worth it as a loss leader. Will give us players we don't need transfer fees and when the time comes sellable assets. We made £12m back on Kasey McAteer, £25m on KDH, £35m on Barnes, £45m on Chilwell, etc.

I think it’s the money owed to the bank and the wages committed that are the real issues. In our current state, even without the training ground there’s no feasible way to fund that stuff. 
 

Player asset wise, we are probably down to close to  60m. (Nelson, fatawu, some of the youngsters) I’m not sure there’s anyone else that we can genuinely make money on, the ones with value have too high wages and will run the contracts down.  
 

we mirror sunderland, which is why CM shouldn’t be sniffed at. When they went down they had a squad on orem

wages that just weren’t good enough. They couldn’t shift them. The only real difference between the 2 is that sunderland didn’t have dodgy bank loans left right and centre.  King power have spun a roultte wheel doubling down on red a few too many times and  i think tops attitude in that interview says it all.  Because if we don’t ’get Promote’ next year, he knows we are doomed 

Edited 20 February by Lambert09

[cat lady]

Other clubs have sold the women's team to release money,  is that an option for us?  

[marketharboroughfox]

3 minutes ago, Lambert09 said:

I think it’s the money owed to the bank and the wages committed that are the real issues. In our current state, even without the training ground there’s no feasible way to fund that stuff. 
 

Player asset wise, we are probably down to close to  60m. (Nelson, fatawu, some of the youngsters) I’m not sure there’s anyone else that we can genuinely make money on, the ones with value have too high wages and will run the contracts down.  

I was hoping that Faes would do something to increase his value at Monaco...turns out he's managed to make it go down further! A fire sale would probably bring about what you describe there, and keep in mind the typical wage bill in this league is £20-30 million-a lot of restructuring required but it's not as though the city inherently cannot support Championship football or more.

 

There will just need to be an acceptance of some short-medium term pain while this mess is cleaned up.

[Sky Blues]

13 minutes ago, Lambert09 said:

I think it’s the money owed to the bank and the wages committed that are the real issues. In our current state, even without the training ground there’s no feasible way to fund that stuff. 
 

Player asset wise, we are probably down to close to  60m. (Nelson, fatawu, some of the youngsters) I’m not sure there’s anyone else that we can genuinely make money on, the ones with value have too high wages and will run the contracts down.  
 

we mirror sunderland, which is why CM shouldn’t be sniffed at. When they went down they had a squad on orem

wages that just weren’t good enough. They couldn’t shift them. The only real difference between the 2 is that sunderland didn’t have dodgy bank loans left right and centre.  King power have spun a roultte wheel doubling down on red a few too many times and  i think tops attitude in that interview says it all.  Because if we don’t ’get Promote’ next year, he knows we are doomed 

Good post. But I would add to the final sentence in massive trouble if you don't stay up.

[Great Boos Up]

So if relegated the parachute payment stops. How much does a new billionaire/consortium have to cover before breaking even to invest in Div1 club. What was our last administration amount paid by the foxes trust?

[funkyrobot]

17 hours ago, Sky Blues said:

Have you watched the video I put up? The person in it took over Sunderland in League One when they were in financial trouble and theirs was nowhere near as bad as yours.

 

Your overspend every year was massive. Covid brought an end to the money source that was constantly wasted. The rules were supposed to stop this from happening. 

 

I'll explain myself again. My club fell from the Prem to League 2. We had financial difficulties from our attempt to try and stay in the Prem. This was just before the big money came in and no parachute payments. We ended up having a hedge fund ruining our club just in the search of getting our ground for free. It took 29 years to turn our club around. I don't want any other supporters going through what we did, especially your club that half of my family support. I go to some of your games with family members when we're not playing. 

 

We got to know the football rules very well.. but it wasn't the playing side of the game. 

The guy from Sunderland isn’t the soothsayer. He has theories and he may be right on some of them but he isn’t fully aware of what’s going on. He was widely derided when he was at Sunderland. Sorry for being a bit cynical but you are a Coventry fan on a Leicester fan site continuing to outline the absolute worst case scenario as if it’s almost definitely going to happen. Feels like a bit of stirring going on bud 🤣

[funkyrobot]

1 hour ago, Great Boos Up said:

So if relegated the parachute payment stops. How much does a new billionaire/consortium have to cover before breaking even to invest in Div1 club. What was our last administration amount paid by the foxes trust?

Parachute payments don’t stop. We have one left whether we are in L1 or The Championship next year. 

[fox_favourite]

3 minutes ago, funkyrobot said:

Parachute payments don’t stop. We have one left whether we are in L1 or The Championship next year. 

We may have already have that allocated as debt. Sooo, yeah, not looking good. 

[funkyrobot]

Just now, fox_favourite said:

We may have already have that allocated as debt. Sooo, yeah, not looking good. 

Irrespective of what happens to the money, parachute payments are still paid to L1 clubs when consecutive relegations occur from the Prem. 

[Bezzanator89]

54 minutes ago, funkyrobot said:

Parachute payments don’t stop. We have one left whether we are in L1 or The Championship next year. 

Macquarie are primed and ready to take that as soon as it lands on our doorstep.

[funkyrobot]

10 hours ago, Bezzanator89 said:

Macquarie are primed and ready to take that as soon as it lands on our doorstep.

Still counts towards PSR

[VLC86]

16 hours ago, Dan said:

Genuinely unsure what we do about the training ground in terms of a cost. Is there any way for it to generate us money?

 

I think it was a noble idea but far riskier than any of us appreciated.

Probably turning a few of the pitches into grow houses I think.

 

In all seriousness, I think some called it pretty early doors. With a facility like this, it’s not like you have any buyers should the club suffer a downturn and then you are left with the option of keep funding it or letting it run to ruin. It’ll end up like an abandoned theme park very few of its original facilities left open.

[cropstonfox]

55 minutes ago, VLC86 said:

Probably turning a few of the pitches into grow houses I think.

 

In all seriousness, I think some called it pretty early doors. With a facility like this, it’s not like you have any buyers should the club suffer a downturn and then you are left with the option of keep funding it or letting it run to ruin. It’ll end up like an abandoned theme park very few of its original facilities left open.

Knock it down and sell the land for housing 

Move back to belvoir drive. 

That should cover a few wages!

[Mike Oxlong]

17 hours ago, Dan said:

Genuinely unsure what we do about the training ground in terms of a cost. Is there any way for it to generate us money?

 

I think it was a noble idea but far riskier than any of us appreciated.

Could turn it into a golf course 

[Terraloon]

12 hours ago, funkyrobot said:

Parachute payments don’t stop. We have one left whether we are in L1 or The Championship next year. 

I along with quite a few others have speculated as to what now happens and yes it is just that, speculation.

 

We still don’t know a lot as to the here and now but what little we know as facts don’t paint a pretty picture. The soon to be published accounts will reflect a year when once again LC received significant broadcasting and commercial deals due to the club plying its trade in the PL but as we won’t know see the actual numbers for the current season for at least 14 months and as a they say about politics a day is a long time well in business 14 months is a lifetime.

 

In previous accounts the comment that the club can only be treated as feasible if there is continued financial input from KP, financial institutions continue to allow borrowings and of substantial income from transfer fees continues.

 

Back to the speculation and here is perhaps the most worrying in that it  isnt just that this seasons cupboard is bare but before the first session of 26/27 takes place the money the PL intends to provide a buffer has been spent. Of course KP may well step in to plug any shortfall but even that isn’t a free pass as it were because there are limits as to how much can be introduced by way of equity and if those cash injections are by way of loans well then interest is factored into the PSR calculations. 
 

The clubs income in 25/26 will have dropped  from 24/25 and in 26/27 it will drop even further so it’s as much now about reducing costs and whilst of course the obvious ones such as wages have to be prioritised as Charlie pointed out some of those costs simply can’t be reduced.

 

 

 

 

 

 

 

[The Doctor]

19 hours ago, CrazyKopCorner said:

Why are the Premier League not all over the **** of Man City and ****ing Chelsea. 

 

****ing bully boy ***** 

premier league have literally charged Man City. It's not in their remit now to decide the punishment, that's done by an independent comission.