Where’s the money gone?

[Stadt]

21 minutes ago, Sky Blues said:

I'm going by the list of transfer fees paid posted by people on here and it runs to hundreds of millions of pounds and only a fraction of it coming back. And not once has anyone ever contradicted any of what has been said so who am I to disagree with what they have said?

 

Surplus? You've made a profit over the last 10 years? Even without knowing the truth myself I would say you're miles away from the truth. 

 

Well firstly clubs in the Premier League spend hundreds of millions, it’s the nature of the beast. But let’s take three highest sales - Maguire, Mahrez and Fofana, there’s about £200m in sales across three players. We are an abysmally ran club but our wage bill is the problem, not our transfer spending. We’re partly in this mess because we didn’t spend enough on fees. Had we spent an extra £10m here or there on players we’d have a much better side - e.g allocating some of the wage bill on actually buying players like Ademola Lookman, now at Atletico we wouldn’t have plummeted like we did.

These figures obviously aren’t controlled for number of seasons but - we haven’t spent that much considering we’ve won the league and had 3 seasons in Europe. Especially when we’ve spent most of our time in the PL during an inflationary period.

Its remarkable we’ve spent less than Southampton tbh.

 

 

And as for the surplus line…

[TonyN11]

Looking forward to the next episode when Top has the right of reply....

[VLC86]

3 minutes ago, TonyN11 said:

Looking forward to the next episode when Top has the right of reply....

It’s clearly not happening, but this is where the Foxes Trust and FAB come in for me. They need to ask direct questions with direct answers that are recorded in the minutes and published.

 

Some of them questions should be what financial provisions are in place should we drop, and what is the plan to clear the Maquary loans.

 

Not convinced we get that though.

[Kasey Keller]

Are we starting up the fanzine again? 🤣

they used to sell it outside the South Leicester WMC years ago 

[Sky Blues]

1 hour ago, Vestan Pance said:

You mention £100m, then say we constantly spent that much on two players.

I'm going by what your own supporters have quoted how things have gone so badly. Why haven't you quoted against them in the past?

[FoxFossil]

Looking like we'll be back watching The Fosse on Viccy park in 18 months.

[HankMarvin]

55 minutes ago, Stadt said:

Its remarkable we’ve spent less than Southampton tbh.

They have been in the Top flight 7 seasons longer than us.

[Manwell Pablo]

1 hour ago, VLC86 said:

Fair enough, I had no doubt he’s a posh bellend but I’m saying you came into a thread about a video and in your first sentence said “I’ve not watched the video”.

 

On your last point, life under Top- don’t confuse this conversation with PSR talk.

 

It's not really an eye opener is it. I mean he's not wrong but it's just him explaining what's gone wrong and he knows a fair bit about doing things wrong so will be noticing the patterns.

 

Not convinced he knows anywhere near as much about the specifics as he claims to, I don't for one second think he "knows" anything about League One wage reductions, I would share his opinion that we would be far to arrogant to put those into anyone's contract but he like me is just assuming and trying to pass it off as someone who has some actual idea. If he had any actual knowledge or contact at the club he wouldn't have finished that point with trying to caveat it with "well maybe a few players they have signed this season" he'd know full well we haven't signed anyone on a permanent basis so that'd be impossible. 

[Aleksz]

Can’t stand Methven. Can’t stand that I’m watching that and nodding in agreement with him. What a time to be alive. 

[Sky Blues]

14 minutes ago, Aleksz said:

Can’t stand Methven. Can’t stand that I’m watching that and nodding in agreement with him. What a time to be alive. 

Shite football. Men that are women. Women that are men. 

 

What a time to be alive 😂

[VLC86]

1 hour ago, Manwell Pablo said:

 

It's not really an eye opener is it. I mean he's not wrong but it's just him explaining what's gone wrong and he knows a fair bit about doing things wrong so will be noticing the patterns.

 

Not convinced he knows anywhere near as much about the specifics as he claims to, I don't for one second think he "knows" anything about League One wage reductions, I would share his opinion that we would be far to arrogant to put those into anyone's contract but he like me is just assuming and trying to pass it off as someone who has some actual idea. If he had any actual knowledge or contact at the club he wouldn't have finished that point with trying to caveat it with "well maybe a few players they have signed this season" he'd know full well we haven't signed anyone on a permanent basis so that'd be impossible. 

Fair, to be honest I’ve not really even considered that element when posting on here. It almost feels like just being in League 1 for a couple of seasons will be enough alone to send us under.

[1972 Fox]

6 hours ago, Pliskin said:

It’s dull monotonous, over coached crap. Little individualism anymore, no real standout talents….. gone are the days of the likes of Patel Nadved, Rui Costa, Totti……

Is this the Indian cousin of the Czech maestro who used to play for Lazio and Juventus?

[OntarioFox]

9 hours ago, The Year Of The Fox said:

Problem is he used the C word

Thing is, Methven is not using it as an excuse - rather, he's saying what those of us who have been paying attention already know, which is that when they faced the crossroads that Covid presented they chose to double down on their Airport business over the domestic market, which would have been foolish even at cut rates. Somehow, they ended up paying more for the privelege. It's actually unbelievable just how bad a decision that was - it would have put them on shaky ground even without the pandemic having thrown the likelihood of growth up in the air, and them abandoning their domestic market at the precise point that most businesses in their sector started to pivot more towards it says everything.

A comparison I always make is Don Quiote in Japan - granted, they aren't specifically an airport business, but they offer duty free shopping as well as catering to domestic shoppers. Since the pandemic, they've been able to harness the tourist boom and they're in the best financial position they've ever been in, in a national economy that's been struggling for decades at that - all because they targeted tourists in their domestic space. The number of tourists visiting Thailand is almost exactly the same as Japan are getting right now - here's 2024's figures in millions. 
 

 

King Power had that in their own market and threw it away to pay exorbitant rates to hopefully attract transient Chinese tourists who may well have been en route elsewhere and less inclined to spend in their airports. People have simply changed their spending habits when travelling - airports aren't the place most do their shopping any more. There's something to be said for Thailand having far more draconian import charges than Japan which pushes the cost of luxury goods up, but that's really not an issue for a duty free company - they have the financial muscle and favour from the authorities to pretty much undercut all competition in the country and they chose not to.

I mentioned it in another thread the other day, but the way LCFC is run is a microcosm of King Power as a whole - they lag horribly behind the competition time and time again, and when business options present themselves they've gone for the most braindead one on the table every time.

It should be shouted from the rooftops when KPFC types pipe up that King Power went into Administration due to their own business decisions - the murkiness of the Thai business world has simply obscured the fact.

 

Edited 12 February by OntarioFox

[Stadt]

7 hours ago, HankMarvin said:

They have been in the Top flight 7 seasons longer than us.

Yeah mostly in years with lower transfer spending and they haven’t had multiple European campaigns.

 

[Raj]

8 hours ago, Kasey Keller said:

Are we starting up the fanzine again? 🤣

they used to sell it outside the South Leicester WMC years ago 

Jonny Reagan

 

Legend!!

[fox_up_north]

"the rule generally was that the son was an idiot"

 

"We're not suggesting that though are we?"

 

"Yes. Yes I am"

 

 

No mincing words

[Katy]

13 hours ago, Quorndon_Fox said:

Well worth 20 minutes of your night - 

 

Crapping hell, we’re ****ed. And yeah, Aiyawatt is an idiot, more people need to say it and he needs to hear it.  

[Foxin_Mad]

While he makes some good points, I'm not sure the player wages will be a huge problem in future as most big contracts expire over the next few years. The issue is we will have no players, they will need to dramatically cut staffing at the club say 50-75%, one of the training grounds will need to be mothballed or sold. He doesnt know the full details and is making an educated guess. 

 

Having no senior management in place is also an issue. Problem is if they get somebody good in they will quickly realise Rudkin is a complete waste of oxygen. 

Edited 12 February by Foxin_Mad

[Nods]

12 hours ago, Tommo said:

I'm definitely in agreement that "Top" is an idiot

Time for us to start calling him Bottom. Or arse. 

[SK3Blue]

2 minutes ago, Nods said:

Time for us to start calling him Bottom. Or arse. 

I call him Bottom. He certainly talks out of it. 

[Mark 'expert' Lawrenson]

Interesting watch, and as lots of us have feared we may not have reached the lowest point yet. 
We have to stay up. 

[Les-TA-Jon]

9 minutes ago, Foxin_Mad said:

While he makes some good points, I'm not sure the player wages will be a huge problem in future as most big contracts expire over the next few years. The issue is we will have no players, they will need to dramatically cut staffing at the club say 50-75%, one of the training grounds will need to be mothballed or sold. He doesnt know the full details and is making an educated guess. 

 

Having no senior management in place is also an issue. Problem is if they get somebody good in they will quickly realise Rudkin is a complete waste of oxygen. 

 

Still quite a lot of big earners beyond the end of this season. 

[The Year Of The Fox]

8 minutes ago, Nods said:

Time for us to start calling him Bottom. Or arse. 

I like Khunt

[Globalfox]

11 hours ago, Sky Blues said:

But that's been a major issue. Because of your extended time in the Prem there's been hundreds of millions of pounds going into your club. That should be enough to do what smaller clubs like Bournemouth, Brighton and others that have cemented their place in the Prem. But losing hundreds of millions in transfer fees with the wages offered to these players that you then can't move on is the sole reason you're in the present predicament. 

 

The Championship sides coming up have 'limited' resources of 100m+ to make a side to compete with the constant extra money of the settled Prem sides. When you consider you have constantly spent that much on just 2 players you can see where the advantage should have been. 

And Bournemouth and Brighton have won exactly what? Nothing and that’s the difference we reached for the stars, grabbed a couple but the cost to sustain is too high. Yes the clubs mentioned survive but fall short of real success. Leicester were not prepared for the cost of the elevated oxygen at the top. And not prepared means management at all levels. Look at Forest last season to this. Clubs with 30000 grounds just do not generate the revenues and after 2016 the corrupt top clubs pushed through anti competing rules to make sure it never happens again. It’s sad that clubs like Villa and Newcastle could do it but are now curtailed.

[Nods]

Just now, The Year Of The Fox said:

I like Khunt

Khunt Bottom