'Not a punishment for ambition, a punishment for sustained mismanagement' - Foxes Trust Statement On Points Deduction

[dnewty]

Great statement, especially the first sentence.

[Pita]

To make this club into a half decent team we need massive hole sale change right across the board. A DOF who knows what he’s doing. Someone who understands money and does not get us in a mess, a recruitment team who understands football and an owner who puts some effort into the club. 

[VLC86]

2 hours ago, AKCJ said:

I said on here the other day, Top looked into the abyss and stepped forward. He is the chairman and he either shoulders the blame and sells the club or accepts that Rudkin is to blame and sacks him. He cannot sit there and do neither.

He gambled, plain and simple. They looked at the books and knew they were ****ed, so they doubled down to make sure we got out of the league.

 

Thats why we gambled on RVN and signing players, when we should have spent nothing and taken the money to try to balance the books.

[mod hero]

3 hours ago, Foxes_Trust said:

We have today released a statement following the news yesterday that the Club has been deducted 6 points for PSR breaches.

 

You can read it on our website here on in-full below.

 

Please follow our social media channels to stay up to date with our latest work and communications:

 

• Twitter/X @foxestrust
• Blusky @Foxestrust.bsky.social
• Facebook @The Foxes Trust
• Instagram @foxestrust

 

 

Rep points harvesting 😂

[Donwebbio]

If you look up the word ambition in the dictionary, the definition will not read: "offering a young French midfielder with promising ability a 5 year contract and a base salary increase of nearly 2000% before he has kicked a ball in the best, most competitive league in the world." 

[Wink84]

3 hours ago, CornwallFox said:

Soumare had a great breakout season in France and Faes had a decent run before we signed him so they are harsh shouts.

Daka may be our worst ever player, and I know you didn't name him, but in fairness he was highly sought after too.

But factor in the wages weve given these players we then cant move anyone on. Its the wage bill that's been the constant problem, like Ian said on when your smiling, giving Coady and Winks premier league wages in the championship. It shows how mismanaged weve been and continue to be.

[Paninistickers]

3 hours ago, Foxes_Trust said:

We have today released a statement following the news yesterday that the Club has been deducted 6 points for PSR breaches.

 

You can read it on our website here on in-full below.

 

Please follow our social media channels to stay up to date with our latest work and communications:

 

• Twitter/X @foxestrust
• Blusky @Foxestrust.bsky.social
• Facebook @The Foxes Trust
• Instagram @foxestrust

 

 

Basin's statement to the deduction would've first needed a six month consultation period with various sub committees and then - after much teeth gnashing - only include a strongly worded  sentence about stadium access for ADHD sufferers

[Corky]

Excellent statement. Hit the nail firmly on the head.

[GLC]

3 hours ago, SemperEadem said:

The chap on there was great, was he from the Fosse Way?

It did sound like he was frying off some bacon at times though 

[Gamble92]

4 hours ago, AKCJ said:

Anyone that disagrees with that first sentence is part of the reason we're in this mess.

 

It's a bit embarrassing for fans to claim the world is against us but it's a disgrace for senior LCFC officials to take that stance.

 

Signing Soumare, Vestergaard, Coady, Bertrand, Winks, Faes, Skipp et al is not ambition. It is downright laziness. None of those players were highly sought after yet we paid millions in wages for these bums. 

To be honest I don't think they're claiming it because they think it. They realised it worked on a lot of fans to begin with. Several years on, no one is buying it. 

[Xen]

4 hours ago, Foxin_Mad said:

What is astounding to me is that the sheer number of players that we have signed that have either been crap, unused, gone of a free, or all of the above is absolutely indefensible. I can accept a director of football and recruitment team getting a few things wrong but mistake after mistake and the same people are making the bad decisions. Its too costly to ignore and will lead to ruin. The signings in this window again show no clear strategy. How can we expect the manager or players to adapt an identity if those at the top aren't clear on it either. 

Working backwards, since the FA Cup win these are all the questionable ones. Could add the likes of Skipp (overpriced) and Souttar (always injured) to the list

 

Carranza

Vieites

Okoli (Not a PL standard player, which is when he was signed)

Ayew

Coulibaly

Edouard

Coady

Faes

Tete

Smithies

Kristiansen

Daka

Soumare

Vestergaard

Bertrand

 

 

 

In that same time, some of the notable players in their prime years that we've sold, failed to sign, or let contracts expire:

Hermansen

Justin

Buonanotte

Dewsbury-Hall

Iheanacho

Praet

Maddison

Barnes

Castagne

Tielemans

Soyuncu

Perez

Mendy

Fofana

Schmeichel

Lookman

 

 

 

Yes, we're at a different level now as a club, but the difference in the two lists is astonishing. Especially when the wages some of those in the top list are on aren't much different from the latter list. We've fallen so far and its good to see the people responsible finally getting properly called out for it. Hopefully the pressure keeps up and we see some major changes in how the club is run.

 

The Trust elections have come at the perfect time for this forward progress. This kind of statement never would've been a possibility under the old regime...

[Manwell Pablo]

5 hours ago, Foxes_Trust said:

We have today released a statement following the news yesterday that the Club has been deducted 6 points for PSR breaches.

 

You can read it on our website here on in-full below.

 

Please follow our social media channels to stay up to date with our latest work and communications:

 

• Twitter/X @foxestrust
• Blusky @Foxestrust.bsky.social
• Facebook @The Foxes Trust
• Instagram @foxestrust

 

 

 

All true, I like what is happening at the Trust at the moment.

 

That said, and this is a genuine question not a dig. How long does John Rudkin get to hide (as we all know he will instead of answer your request) until you get on board with unite for change?

Edited 6 February by Manwell Pablo
I've

[Ric Flair]

2 hours ago, Donwebbio said:

If you look up the word ambition in the dictionary, the definition will not read: "offering a young French midfielder with promising ability a 5 year contract and a base salary increase of nearly 2000% before he has kicked a ball in the best, most competitive league in the world." 

Nor will it say " signing Ryan Bennett when going for top 4 and ultimately missing out, only to do it again a year after and opt for no-one and miss out again "

[PAULCFC]

Not many times you could be proud to me a member of The Foxes Trust in the last 20 years........but with this statement i am!

[MaidstoneFox]

5 hours ago, AKCJ said:

Anyone that disagrees with that first sentence is part of the reason we're in this mess.

 

It's a bit embarrassing for fans to claim the world is against us but it's a disgrace for senior LCFC officials to take that stance.

 

Signing Soumare, Vestergaard, Coady, Bertrand, Winks, Faes, Skipp et al is not ambition. It is downright laziness. None of those players were highly sought after yet we paid millions in wages for these bums. 

Well said sir. 100% agree

[Analysethis]

I disagree with the statement if I am honest.

 

We finished 5th.5th and then 8th and won the FA Cup. This was all a few seasons after winning the prem. We played Champions League and were regulars in Europe. We also managed to get relegated with players such as Tielemans, Barnes, KDH, Ndidi and Madison, Vards. JJ, Caglar, Riccardo P, 

 

We had plenty more Prem standard players and started the season with an established manager in Brendan Rodgers, who for all the hatred in the end was a decent manager but messed up with the group.

 

There is no way any of us would have though we would get relegated the first time around. We Royally messed up but the manager and especially the players ballsed things up, not the owner. What happened after is arguably mismanagement but that group was to blame.

[CornwallFox]

3 hours ago, Wink84 said:

But factor in the wages weve given these players we then cant move anyone on. Its the wage bill that's been the constant problem, like Ian said on when your smiling, giving Coady and Winks premier league wages in the championship. It shows how mismanaged weve been and continue to be.

That's a different point which I don't disagree with

[J.Lisemore]

5 hours ago, AKCJ said:

Soumare went from peanuts to a 6 year contract on 80 grand a week. No competition for his signature.

 

Faes and his Mrs bawled their eyes out because they couldn't believe the contract they'd been given. No competition for his signature.

 

Daka wasn't listed because as you say there was genuine interest in him and if we didn't pay him that much then someone else would have. I think you win some and lose some for players at that level. I disagree with "worst ever player" shouts though  

I’d say with the amount of minutes and chances Daka has had, he has been our worst ever striker. I’ve never seen anyone as incapable of scoring since watching Akinbiyi at Filbert Street, and I’d argue looking back - Ade was the better player. 

[dmayne7]

1 hour ago, Analysethis said:

I disagree with the statement if I am honest.

 

We finished 5th.5th and then 8th and won the FA Cup. This was all a few seasons after winning the prem. We played Champions League and were regulars in Europe. We also managed to get relegated with players such as Tielemans, Barnes, KDH, Ndidi and Madison, Vards. JJ, Caglar, Riccardo P, 

 

We had plenty more Prem standard players and started the season with an established manager in Brendan Rodgers, who for all the hatred in the end was a decent manager but messed up with the group.

 

There is no way any of us would have though we would get relegated the first time around. We Royally messed up but the manager and especially the players ballsed things up, not the owner. What happened after is arguably mismanagement but that group was to blame.

Yes, we should never have been relegated with the squad we had which caused a snowball of our issues financially, but we'd have been punished for failing FFP/PSR if we had stayed up so why is that? I'd direct you back to the point I made at the start of this thread about the overspend on wages when there was no need. The opening line of that statement is absolutely spot on; it was not us flying too close to the sun, we simply paid crazy wages to players who'd never have demanded it, including the contracts handed out to existing players. Our net transfer spend would show you that we didn't show lots of ambition really.

 

And even if you want to blame the players, then the board/ownership takes all subsequent blame. Why was Rodgers sacked so late (and straight after an international break) when he had been slagging off the board, fans and players for months? Why didn't they have somebody lined up to replace him? How did they let so many valuable players leave on frees? Why was there no clear strategy with player or manager recruitment last year/this year? Those are all massive factors in the continued financial decline of the club? Crazy to not see who the common denominator(s) is 

[Pita]

If you do the crime then do the time 

[lookwhaticando]

1 hour ago, Analysethis said:

I disagree with the statement if I am honest.

 

We finished 5th.5th and then 8th and won the FA Cup. This was all a few seasons after winning the prem. We played Champions League and were regulars in Europe. We also managed to get relegated with players such as Tielemans, Barnes, KDH, Ndidi and Madison, Vards. JJ, Caglar, Riccardo P, 

 

We had plenty more Prem standard players and started the season with an established manager in Brendan Rodgers, who for all the hatred in the end was a decent manager but messed up with the group.

 

There is no way any of us would have though we would get relegated the first time around. We Royally messed up but the manager and especially the players ballsed things up, not the owner. What happened after is arguably mismanagement but that group was to blame.

After winning the FA Cup we bet the house on securing Champions League football. We signed plenty of players on similar wages to the established squad and made no major sales to keep the books balanced. 
 

We did so by signing Daka, Bertrand, Vestergaard, Soumare - and the stories about the wages they were signed on are well known at this point… 

 

We bloated the squad, with players on high wages. The seeds were sewn that summer when we gambled on Rodgers getting us to the CL. Not selling a player was the lazy option - rather than refresh the squad, just add to its numbers. 
 

The manager and the team failed to meet those objectives, but the club collectively put us into a tricky financial and subsequent playing situation - by mismanaging the budget the summer of 2021. The inability to give Rodgers his demanded refresh comes down to the decisions of the previous summer (and failure to secure the CL monies that the gamble banked on). 
 

Rodgers and that squad should never have been relegated. That was a limp, pathetic relegation, but they weren’t solely responsible for the mess we find ourselves in. The mismanagement started before the relegation, and while it may not have directly led to the relegation, it absolutely has to be a factor in our horrid financial situation. 
 

Edited 6 February by lookwhaticando
Clarify thoughts in penultimate paragraph

[Dmitry]

One question that many of us had then and some still bring up today -Why bank it all on Danny Ward?

We were relegated by thirteen points, if memory serves me right. Those points and more, were entirely on Ward. Why did our sophisticated manager keep putting him in the net, when it was blatantly obvious that the man had blown absolutely all bona fides that he may have possessed?! It is just so bizarre...from the very first few matches in the 2022-23 season it was clear he was no good...

[CosbehFox]

2 hours ago, Analysethis said:

I disagree with the statement if I am honest.

 

We finished 5th.5th and then 8th and won the FA Cup. This was all a few seasons after winning the prem. We played Champions League and were regulars in Europe. We also managed to get relegated with players such as Tielemans, Barnes, KDH, Ndidi and Madison, Vards. JJ, Caglar, Riccardo P, 

 

We had plenty more Prem standard players and started the season with an established manager in Brendan Rodgers, who for all the hatred in the end was a decent manager but messed up with the group.

 

There is no way any of us would have though we would get relegated the first time around. We Royally messed up but the manager and especially the players ballsed things up, not the owner. What happened after is arguably mismanagement but that group was to blame.

People are tending to forgot this PSR period incudes a year where all that has happened what just listed and the clubs answer in the summer of 23/24 was to sign more players on big wages such as Conor Coady, extend Jannik Vestergaards contract, and the singing of Tom Cannon. That’s in spite of the knowledge of the PSR scenario . 
 

We were £20m over the limit and that’s accounting for the sales of five major first teamers and Chelsea paying compensation for Enzo. 
 

We can only imagine the damage without those departures 

[CosbehFox]

Encouraged by the reaction to this across all formats. Always some critics but think the balance is spot on 

[CornwallFox]

9 hours ago, Dmitry said:

One question that many of us had then and some still bring up today -Why bank it all on Danny Ward?

We were relegated by thirteen points, if memory serves me right. Those points and more, were entirely on Ward. Why did our sophisticated manager keep putting him in the net, when it was blatantly obvious that the man had blown absolutely all bona fides that he may have possessed?! It is just so bizarre...from the very first few matches in the 2022-23 season it was clear he was no good...

That season we ended up 2 points from safety, so either 2 or 3 points from staying up depending on goal difference which the table i just looked at didn't show. Keeping schmeical would have probably seen is mid table. Dropping ward a month earlier would probably have seen us safe. Playing soyuncu over Amartey would've helped too. 

Edited 7 February by CornwallFox