Where’s the money gone?

[filbertway]

Him making it very clear he was calling Top an idiot, none once but twice. That hit like crack

 

Edited 12 February by filbertway

[lcfc278]

1 hour 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. 

 

 

The amount of time you've wasted asking questions that the video answers you would have saved yourself time. 

[HankMarvin]

2 hours ago, Stadt said:

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

 

Spending should also be viewed relative to income to paint a clearer picture.
Southampton’s total PL net spend over roughly 25 seasons (30% longer than us) is about -£16m, compared to Leicester’s

-£136m, which highlights how different the clubs financial models are beyond headline expenditure totals.

 

If you dial down further and look at the last 10 seasons, when both clubs have been in the same leagues, the contrast is even clearer.

Leicester’s net spend is nearly 11 times higher than Southampton’s over the same period.

[Sky Blues]

2 hours 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. 

60% in League One and 50% in League Two. 

 

Either a big cash injection which must be a gift or you go down the same route as Sheffield Wednesday, but that would come with multiple points deductions. 

[Sky Blues]

44 minutes ago, ClaphamFox said:

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? 

There's a lot of managers out of work that would take the job on. They would also have less to lose with their reputation taking on a club in so much financial trouble. 

[Dr Marco]

Where does all the money go?

straight up Top's nose

 

 

[Buzzell]

That YT video is a real eye opener. Just shows what we’re facing and what potentially could happen if we do go down. Also shows how shit we’ve been run as a club since Vichai passed.

 

As for Top, he is an idiot.

[murphy]

14 hours ago, Pliskin said:

It’s entirely Top and Rudkin’s fault…. They’re completely to blame. 

 

However I agree with your last comment, footballs on its arse. It’s the worst state the game as a whole has ever been. 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…… just bellends on Tik Tok. 

 

I think that statement let's Rodgers off the hook.  It was he that insisted on bringing in his mate Congerton, he that ripped up the transfer strategy that had served us so well, in favour of his 'silver medalist' approach, he that played Danny Ward 28 or so times and he thar sulked us all the way to that first, wholly avoidable relegation. 

 

We are here because of the three of them. 

 

 

Edited 12 February by murphy

[jonthefox]

AFC Leicester  

[murphy]

34 minutes ago, lcfc278 said:

The amount of time you've wasted asking questions that the video answers you would have saved yourself time. 

I have listened to it now whilst walking the dog. Very interesting. 

 

It seems to me that if we had continued along our strategy of buying players with resale potential instead of over-indulging Rodgers  we woukd have been OK.  

 

It is interesting the parallels between ourselves and Sunderland and more than a coincidence I think that we both employed a certain L. Congerton. 

[Bourbon Fox]

8 minutes ago, murphy said:

I think that statement let's Rodgers off the hook.  It was he that insisted on bringing in his mate Congerton, he that ripped up the transfer strategy that had served us so well, in favour of his 'silver medalist' approach, he that played Danny Ward 28 or so times and he thar sulked us all the way to that first, wholly avoidable relegation. 

 

We are here because of the three of them. 

 

 

Yes, but who handed him the keys...

[Stadt]

37 minutes ago, HankMarvin said:

Spending should also be viewed relative to income to paint a clearer picture.
Southampton’s total PL net spend over roughly 25 seasons (30% longer than us) is about -£16m, compared to Leicester’s

-£136m, which highlights how different the clubs financial models are beyond headline expenditure totals.

 

If you dial down further and look at the last 10 seasons, when both clubs have been in the same leagues, the contrast is even clearer.

Leicester’s net spend is nearly 11 times higher than Southampton’s over the same period.

Jesus, offset by them selling better I suppose. They got 80m for Dibling and some random Portuguese player whilst we sold Hermansen, JJ, Ndidi and will sell BEK for about 75% of that combined. Multiply that by multiple seasons and more academy sales you can see why they've kept a better lid on the finances 

[CosbehFox]

20 minutes ago, murphy said:

I think that statement let's Rodgers off the hook.  It was he that insisted on bringing in his mate Congerton, he that ripped up the transfer strategy that had served us so well, in favour of his 'silver medalist' approach, he that played Danny Ward 28 or so times and he thar sulked us all the way to that first, wholly avoidable relegation. 

 

We are here because of the three of them. 

 

 

Them pair allowed Rodgers that control. That decision hangs on them 

Edited 12 February by CosbehFox

[Stadt]

3 hours 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. 

 

3 hours ago, Les-TA-Jon said:

 

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

We're not going to be able to shift Skipp and Thomas for a fee that doesn't further ruin us PSR wise.

 

If Vestergaard, Choudhury and Reid are on about £110k per week between them that would mean those three cost more annually than the entire wage bill of 11/24 League One clubs!!

 

 

[Donwebbio]

For those who haven't watched it, the key takeaway is: relegation = liquidation.

 

We are in a large financial hole at the minute and relegation to L1 puts us on the edge of oblivion it seems.

[Pliskin]

1 hour ago, murphy said:

I think that statement let's Rodgers off the hook.  It was he that insisted on bringing in his mate Congerton, he that ripped up the transfer strategy that had served us so well, in favour of his 'silver medalist' approach, he that played Danny Ward 28 or so times and he thar sulked us all the way to that first, wholly avoidable relegation. 

 

We are here because of the three of them. 

 

 

They facilitated that for Rodgers, they’re still to blame regardless they run the club they recruited them all so it’s ultimately their fault.

[murphy]

So we're absolving Rodgers now? 

 

By that logic, we can also absolve Rudkin as Top employs him. 

[lcfc278]

35 minutes ago, Donwebbio said:

For those who haven't watched it, the key takeaway is: relegation = liquidation.

 

We are in a large financial hole at the minute and relegation to L1 puts us on the edge of oblivion it seems.

I would say it's more: Relegation and No Instant Return = extremely high chance of bankruptcy

[Xen]

2 hours ago, jonthefox said:

AFC Leicester  

Leicester Fosse

[Pliskin]

Just reaffirms the point I was making…. Relegation ends the football club. Of course it does, I mean Derby get nearly went bust, and their financial output was far inferior to ours. There’s no ****ing chance we survive, who will over pay for this shit? 
 

I refer back to a conversation I had with the old man some time back, regarding a “big” team going bust one day…. Never thought that team would be us, but it will be. Unless we collectively come together to force Top out of the club, we’re heading for liquidation. 

[Mark 'expert' Lawrenson]

2 hours ago, murphy said:

I think that statement let's Rodgers off the hook.  It was he that insisted on bringing in his mate Congerton, he that ripped up the transfer strategy that had served us so well, in favour of his 'silver medalist' approach, he that played Danny Ward 28 or so times and he thar sulked us all the way to that first, wholly avoidable relegation. 

 

We are here because of the three of them. 

 

 

Yeah agreed, his persistence in playing Ward and Soumare that season was ridiculous, he was like a sulky baby, and as you say relegation could of been avoided and a lot of the current mess would not have happened. 

[Sky Blues]

14 minutes ago, Pliskin said:

Just reaffirms the point I was making…. Relegation ends the football club. Of course it does, I mean Derby get nearly went bust, and their financial output was far inferior to ours. There’s no ****ing chance we survive, who will over pay for this shit? 
 

I refer back to a conversation I had with the old man some time back, regarding a “big” team going bust one day…. Never thought that team would be us, but it will be. Unless we collectively come together to force Top out of the club, we’re heading for liquidation. 

Can't see it myself. 

 

It's hard to work out the full truth with debt to shares, Macquarie loans and similar, but if most of the debt is to Macquarie they would be in charge of what happens. They know the situation and still give more loans. The club is worth more as a going concern than being liquidated. 

[Nickaj]

1 hour ago, murphy said:

So we're absolving Rodgers now? 

 

By that logic, we can also absolve Rudkin as Top employs him. 

 

Interesting point.

Can you actually be sure that Rudkin isn't simply being required to follow Top's instructions?

Would certainly explain why Top hasn't  fired him - if he'd tried to fire Rudkin, Top would have ended up having to take responsibility and fire himself when Rudkin took them to an industrial tribunal 

[Dan]

6 hours ago, Globalfox said:

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.

We didn't really reach for the stars though. We grabbed a couple but I really don't think it was reaching for the stars - big outcome bias there, we didn't really spend a load compared to Brighton and Bournemouth. We've just massively mismanaged it unlike those two.

[Rubbersoul]

I’m genuinely starting to fear for this clubs existence now.