Where’s the money gone?

[Foxin_Mad]

1 minute ago, Les-TA-Jon said:

 

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

I think the worst of it is the season. Hopefully we could shift a few of the others over the summer and there will be some natural departures. 

[An Away Move]

12 hours ago, Parafox said:

Everything he said is what many of us already knew with regard to Top and the idiocy of the board and the financial struggles KP have had since covid. Basically KP are broke as result.

 

Not to mention the training ground costs.

 

Absolutely and worryingly, bang on point.

 

We really are f***ked.

 

 

 

 

This has always been my fear. Seagrave is an incredible asset if you’re a Premier League club hoping to attract quality players. It can turn into a disastrous liability if you’re in Championship and a millstone that will drown you if you go down to League One. 

[murphy]

Just showing my ignorance here, but there is no money in playing in the Championship, so why would it be so much of a disaster financially if we dropped again? 

 

Dropping from the PL to the championship is the catastrophe. 

[Danizen]

Winks, Soumare Faes and so many others will have great-great-great grandchildren still spending our TV money.

[ashbyj]

He doesn’t hold back on top does he 

[Foxin_Mad]

3 minutes ago, murphy said:

Just showing my ignorance here, but there is no money in playing in the Championship, so why would it be so much of a disaster financially if we dropped again? 

 

Dropping from the PL to the championship is the catastrophe. 

Because all revenue drops, attendance, tv, sponsors etc. No one is really bothered about League 1. The PSR rules mean the club can only spend 50% of revenue. Our costs are very high. Without serious work, it looks like a path to insolvency. 

[An Away Move]

5 minutes ago, murphy said:

Just showing my ignorance here, but there is no money in playing in the Championship, so why would it be so much of a disaster financially if we dropped again? 

 

Dropping from the PL to the championship is the catastrophe. 

It’s being in the Championship when the parachute money runs out when it starts to become disastrous. 

Edited 12 February by An Away Move

[DAS Boot]

3 minutes ago, An Away Move said:

It’s being in the Championship when the parachute money runs out when it starts to become disastrous. 

The sale of Fatawu and Monga will probably keep the wolf from the door for another year after the parachute payments.

 

After that we’re in deep shit without promotion or another academy product becoming desirable (on current performance levels, that is unlikely).

[An Away Move]

12 minutes ago, DAS Boot said:

The sale of Fatawu and Monga will probably keep the wolf from the door for another year after the parachute payments.

 

After that we’re in deep shit without promotion or another academy product becoming desirable (on current performance levels, that is unlikely).

I suspect Alves and possibly Monga may leave on free transfers. Both were courted and played when their signatures were required and then dropped when the ink was dry. It will have done nothing for trust from a player perspective. 

[lcfc278]

26 minutes ago, murphy said:

Just showing my ignorance here, but there is no money in playing in the Championship, so why would it be so much of a disaster financially if we dropped again? 

 

Dropping from the PL to the championship is the catastrophe. 

Watch the video that this thread is about. ffs

[Zear0]

Amount of people commenting about a video having not seen it is a wonderful analogy for the state of the club. 

[murphy]

1 minute ago, lcfc278 said:

Watch the video that this thread is about. ffs

Life's too short.   The football is bad enough but  I hate the way that modern football and psr is turning us into amateur accountants.  

 

I'm just saying that the big cliff edge drop off is the premier league down to the championship.  Championship down to league one is just slightly thinner gruel. 

 

 

[Cropwellfox]

29 minutes ago, Foxin_Mad said:

Because all revenue drops, attendance, tv, sponsors etc. No one is really bothered about League 1. The PSR rules mean the club can only spend 50% of revenue. Our costs are very high. Without serious work, it looks like a path to insolvency. 

Exactly this. It’s the 50% of revenue the season after next which will be the absolute killer. No one will take Thomas off us, and so his salary alone could easily be 15/20% of the entire allowable player wage bill for the season. Horrifying. 

[Foxin_Mad]

3 minutes ago, murphy said:

Life's too short.   The football is bad enough but  I hate the way that modern football and psr is turning us into amateur accountants.  

 

I'm just saying that the big cliff edge drop off is the premier league down to the championship.  Championship down to league one is just slightly thinner gruel. 

 

 

Normally it wouldnt be a problem, but to go from top 10 Premier League to League 1 in 5 years, would be hugely problematic. A normal championship club doesn't have the wage bill we have, or the number of stadium staff, training ground staff that we have. There will need to be massive redundancies at the club. A big problem is that without a CEO there is no clear strategy. 

[murphy]

Just now, Foxin_Mad said:

Normally it wouldnt be a problem, but to go from top 10 Premier League to League 1 in 5 years, would be hugely problematic. A normal championship club doesn't have the wage bill we have, or the number of stadium staff, training ground staff that we have. There will need to be massive redundancies at the club. A big problem is that without a CEO there is no clear strategy. 

OK, I get that, but it still seems to me that the cure for that is to get back to the Premier League.  We're heading for big trouble in eitherthe championship or league one. 

[st albans fox]

48 minutes ago, Les-TA-Jon said:

 

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

That’s the worry for me 

it’s one thing having vardy (who is running his bollux off ) earning way more than you but vestergaard is a problem imo. 

[Foxin_Mad]

2 minutes ago, murphy said:

OK, I get that, but it still seems to me that the cure for that is to get back to the Premier League.  We're heading for big trouble in eitherthe championship or league one. 

That is a short term fix, really we need to get there and stay there. Unfortunately with the competence of the people running the club its also highly unlikely at this stage. League 1 a real prospect, the Premier League a pipe dream for at least 3 years. 

[murphy]

2 minutes ago, Foxin_Mad said:

That is a short term fix, really we need to get there and stay there. Unfortunately with the competence of the people running the club its also highly unlikely at this stage. League 1 a real prospect, the Premier League a pipe dream for at least 3 years. 

The way I expected it to go would be a few relegations and promotions between the top two divisions until we had rebuilt a team capable of staying up. 

 

I think it was quite obvious that we would go down last year so did we really need to spend £60m on rubbish that year? 

 

I also fully expected to be challenging for promotion this year and we started off that way and really should be up there with all of our advantages.  The fact that we are flailing around like a trout in a keep net is just scandous. 

[dmayne7]

13 minutes ago, st albans fox said:

That’s the worry for me 

it’s one thing having vardy (who is running his bollux off ) earning way more than you but vestergaard is a problem imo. 

Sadly he wasn't doing that last year. And if he's not, what hope is there for most of these clowns 

[dmayne7]

3 minutes ago, murphy said:

The way I expected it to go would be a few relegations and promotions between the top two divisions until we had rebuilt a team capable of staying up. 

 

I think it was quite obvious that we would go down last year so did we really need to spend £60m on rubbish that year? 

 

I also fully expected to be challenging for promotion this year and we started off that way and really should be up there with all of our advantages.  The fact that we are flailing around like a trout in a keep net is just scandous. 

Should have been in a position to stay up comfortably last year with the right additions. Instead our transfer business was awful, manager choices awful and that all reinforced the negative traits of this group of players.

[murphy]

11 minutes ago, dmayne7 said:

Should have been in a position to stay up comfortably last year with the right additions. Instead our transfer business was awful, manager choices awful and that all reinforced the negative traits of this group of players.

I think that's optimistic.  All three promoted came down without a whimper.  We set records and not in a good way.  It would have taken triple our transfer budget to create a team with a chance of staying up comfortably. 

 

Agree that our recruitment, players and managers, was utterly abysmal though, as they are proving week in week out in the division below. 

Edited 12 February by murphy

[dmayne7]

11 minutes ago, murphy said:

I think that's optimistic.  All three promoted came down without a whimper.  We set records and not in a good way.  It would have taken triple our transfer budget to create a team with a chance of staying up comfortably. 

 

Agree that our recruitment, players and managers, was utterly abysmal though, as they are proving week in week out in the division below. 

The point is there was still a good amount of players that were here when we were good in the PL, so if you could have relied on the same attitude/confidence being there, you had the foundations for a good team. Obviously that didn't happen and the second we lost our manager at the start of the season and KDH, that was it really.

[st albans fox]

27 minutes ago, dmayne7 said:

Sadly he wasn't doing that last year. And if he's not, what hope is there for most of these clowns 

He has the medals to point to and history at the club. My point is that there are players where a big discrepancy would be tolerated. We’ve got too many atm who don’t fit that. I was hoping that next year they’d all be gone 

[ClaphamFox]

Hopefully this will finally put an end to all those inane  comments about wanting us to go down so that the owners sell up and we can start again. Bankruptcy is a far more likely scenario if we get relegated.

 

This video also very much helps to explain why it's 18 days since we sacked Marti and there is still no sign of anybody coming in. Who would want to take us on? 

[mattlcfc15]

Confirms my suspicions around King Power itself and the complete lack of investment post Covid. Clearly as a company they didn’t navigate this change and diversify, perhaps assuming that their existing operations would never fail, sounds pretty familiar on the football side too.

 

Obviously Top is miles out of his depth, with a total lack of the business acumen that his father had. It seems inevitable that even with staying up this season we’re drifting the way of Sheffield Wednesday. We’re already at the point of operating a tiny first team squad, bulked with youth players who aren’t ready. This will only get worse as contracts expire, there simply isn’t any money to sign new ones.