Where’s the money gone?

[Sky Blues]

28 minutes ago, Stadt said:

Clarifying and reasserting that he does actually think Top is an idiot is great. 
 

They can’t mention everything given time constraints but they didn’t even cover that we have TWO training grounds. 
 

We’ve not even reduced the headcount, we still have far too many stewards and stupid pre-match flamethrowers. 

How much have the training grounds cost? How much have the disastrous transfer fees lost you? The training grounds would have been value for money if they would have served their purpose. The big transfer fees for players on massive wages underperforming has been the problem and even to this day is the reason why things have gone so disastrously wrong. 

[Sky Blues]

12 minutes ago, Vestan Pance said:

I'm sad but glad to see someone has put this video out there. It only takes a small understanding of how a business works to see that we have been a basket case for years. Those of us that have been ranting about this are now sadly seeing the justification for our pessimism.

 

If we don't stay up this season, my honest opinion is that this club is finished, no coming back, unless someone takes a huge gamble which at this point defies any logical business sense.

 

There are hundreds of good people that work within the club who shouldn't be forgotten. It's their club as much as our and many of them are also supporters. They have no say over any of this, there's only a handful of idiots who are responsible.

 

 

I don't want to sound out of place but this is a bit dramatic. If the worst happens you're against sides that have home support like you have away support. You won't get a Wrexham or Birmingham that often. A 1m signing will be massive. You will have to check a map to see where these sides from the small towns are. The wages you pay for a single player ATM would cover most of the budget for a complete squad. 

 

I'm not saying it would be an instant return to the Championship, but strength in numbers would soon count.

[Stadt]

6 minutes ago, Sky Blues said:

How much have the training grounds cost? How much have the disastrous transfer fees lost you? The training grounds would have been value for money if they would have served their purpose. The big transfer fees for players on massive wages underperforming has been the problem and even to this day is the reason why things have gone so disastrously wrong. 

We haven’t spent much on transfer fees relatively - we have a transfer surplus over the past 10 years.. It’s the wage bill and not shifting players that’s been the problem.

 

Tielemans was our record signing and he was about £35m max. 

[Vestan Pance]

15 minutes 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. 

I agree the player trading and wages are 95% of the problem, but the idea we had constant net spends of £100m+ is way off the mark. The net spend for most seasons after winning the league was around £20m, which shows you just how bad the financial mismanagement has been. We weren't buying Ronaldo and Mbappe, just paying average players as if they were, whilst selling our best players to finance it.

[LeePhilpottsBaldSpot]

I've not watched the video but surely fans would accept stripping back to an EFL-level budget rather than continuing to gamble on an unlikely success and risk extinction.

 

Loads of wages will be leaving the club soon and we still have a few sellable assets.

 

2026 contracts expiring: Winks, Daka, Pereira, Ayew all likely to be on massive wages. Loans plus Lascelles, Begovic also probably on a lot

 

2026 sales: We could surely find suitors for El Khannouss (20m), Fatawu (20m) and Faes (5m). Get what we can for Mavididi, Skipp, Okoli, Choudhury. I know they might be reluctant due to other clubs not matching their wages but we could pay them off with some of the transfer fee to get them out. They must all hate it playing here.

 

Replace them all with modest players on EFL budget salaries. Mixed with academy players who hopefully kick on and get us rolling again or generate some fees for the future.

 

I know entire rebuilds are mad, but I think this is the position we're in.

 

If we need a lot of money to stabilise, I really wouldn't be against selling Seagrave to Forest and moving back into the old training ground.

 

Edited 11 February by LeePhilpottsBaldSpot

[Wasyls Pec Deck]

A common question I ask of KPFC is how far are you prepared to let it slip under KP, and clearly I think if we go down again I don’t think we make it back for a long time. You can see further and deeper financial issues, more hefty points deductions (listening to them makes me think the EFL were lenient to try and enable us to stay up) and possibly further relegations. It could get very dark. 
 

European semi final 4 years ago, but it makes you wonder if we’ll be supporting a phoenix club in 4 years time.

[Sky Blues]

6 minutes ago, Stadt said:

We haven’t spent much on transfer fees relatively - we have a transfer surplus over the past 10 years.. It’s the wage bill and not shifting players that’s been the problem.

 

Tielemans was our record signing and he was about £35m max. 

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. 

 

[VLC86]

6 minutes ago, LeePhilpottsBaldSpot said:

I've not watched the video but surely fans would accept stripping back to an EFL-level budget rather than continuing to gamble on an unlikely success and risk extinction.

 

Loads of wages will be leaving the club soon and we still have a few sellable assets.

 

2026 contracts expiring: Winks, Daka, Pereira, Ayew all likely to be on massive wages. Loans plus Lascelles, Begovic also probably on a lot

 

2026 sales: We could surely find suitors for El Khannouss (20m), Fatawu (20m) and Faes (5m). Get what we can for Mavididi, Skipp, Okoli, Choudhury. I know they might be reluctant due to other clubs not matching their wages but we could pay them off with some of the transfer fee to get them out. They must all hate it playing here.

 

Replace them all with modest players on EFL budget salaries. Mixed with academy players who hopefully kick on and get us rolling again or generate some fees for the future.

 

I know entire rebuilds are mad, but I think this is the position we're in.

 

If we need a lot of money to stabilise, I really wouldn't be against selling Seagrave to Forest and moving back into the old training ground.

 

The first thing I would say is watch the video.

 

The second point around selling the training ground to Forest is never going to happen in a million years under this ownership.

[Sky Blues]

13 minutes ago, Vestan Pance said:

I agree the player trading and wages are 95% of the problem, but the idea we had constant net spends of £100m+ is way off the mark. The net spend for most seasons after winning the league was around £20m, which shows you just how bad the financial mismanagement has been. We weren't buying Ronaldo and Mbappe, just paying average players as if they were, whilst selling our best players to finance it.

I didn't say you were net spend 100m per season. I said newly promoted sides playing catch-up have that much to make an impact. 

[HankMarvin]

3 minutes ago, Vestan Pance said:

The net spend for most seasons after winning the league was around £20m

Which in itself was unstable because the reality is we were selling players for ridiculous fees season after season to reduce the net spend. That just wasn’t an option that was going to last forever. Isn’t the reason the whole PSR thing is allegedly brought in to to encourage financial stability and slow growth down, so “smaller” clubs don’t live beyond their means (capacity, commercial revenue etc)

[jayfox26]

I've been saying for ages that we will go bankrupt under Top and this pretty much confirms that. We are totally fcked. As much as we all want Top gone, realistically, nobody will buy us. Like this guy says, when you add up the debt plus the running losses that the club has, who in the right mind would buy us? Sheff Wed are probably a more attractive club to buy than us right now! 

[Pita]

3 minutes ago, jayfox26 said:

I've been saying for ages that we will go bankrupt under Top and this pretty much confirms that. We are totally fcked. As much as we all want Top gone, realistically, nobody will buy us. Like this guy says, when you add up the debt plus the running losses that the club has, who in the right mind would buy us? Sheff Wed are probably a more attractive club to buy than us right now! 

Bankrupt in 18 months. Top nearly bankrupt king power 

[Pliskin]

18 minutes ago, Sky Blues said:

I don't want to sound out of place but this is a bit dramatic. If the worst happens you're against sides that have home support like you have away support. You won't get a Wrexham or Birmingham that often. A 1m signing will be massive. You will have to check a map to see where these sides from the small towns are. The wages you pay for a single player ATM would cover most of the budget for a complete squad. 

 

I'm not saying it would be an instant return to the Championship, but strength in numbers would soon count.

For us it’s the sheer financial structure of the club, it wouldn’t cope dropping to league one. A massive reduction in TV revenue and incomings would mean we would’ve losing money hand over fist and wouldn’t have the means to replenish. 
 

We would almost certainly have to consider selling the training ground, the ladies training ground and even the stadium. Potentially folding the female team all together. 
 

We’ve the outgoings of a premier league club, and that still won’t have changed if we go down. 
 

Relegation will finish us off, Top simply won’t have the financial capacity to get us out of the shit. 

[Vestan Pance]

1 minute ago, Sky Blues said:

I didn't say you were net spend 100m per season. I said newly promoted sides playing catch-up have that much to make an impact. 

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

[Leicester_Loyal]

16 minutes ago, LeePhilpottsBaldSpot said:

I've not watched the video but surely fans would accept stripping back to an EFL-level budget rather than continuing to gamble on an unlikely success and risk extinction.

 

Loads of wages will be leaving the club soon and we still have a few sellable assets.

 

2026 contracts expiring: Winks, Daka, Pereira, Ayew all likely to be on massive wages. Loans plus Lascelles, Begovic also probably on a lot

 

2026 sales: We could surely find suitors for El Khannouss (20m), Fatawu (20m) and Faes (5m). Get what we can for Mavididi, Skipp, Okoli, Choudhury. I know they might be reluctant due to other clubs not matching their wages but we could pay them off with some of the transfer fee to get them out. They must all hate it playing here.

 

Replace them all with modest players on EFL budget salaries. Mixed with academy players who hopefully kick on and get us rolling again or generate some fees for the future.

 

I know entire rebuilds are mad, but I think this is the position we're in.

 

If we need a lot of money to stabilise, I really wouldn't be against selling Seagrave to Forest and moving back into the old training ground.

 

Sigh…

 

 

But we don’t replace our expensive players with modest players on low salaries, we replace them with equally expensive players, that’s why we’re in this position. 
 

Why do you think we’ll suddenly change who we buy overnight?

[HankMarvin]

5 minutes ago, jayfox26 said:

I've been saying for ages that we will go bankrupt under Top and this pretty much confirms that. We are totally fcked. As much as we all want Top gone, realistically, nobody will buy us. Like this guy says, when you add up the debt plus the running losses that the club has, who in the right mind would buy us? Sheff Wed are probably a more attractive club to buy than us right now! 

In the last 3 years hasn’t Top wiped off nearly £320m of debt this shouldn’t come as a surprise.

[LeePhilpottsBaldSpot]

19 minutes ago, VLC86 said:

The first thing I would say is watch the video.

 

The second point around selling the training ground to Forest is never going to happen in a million years under this ownership.

I was at a wedding with Charlie Methven recently and he was a posh bellend. Born into money and now a failed exec at three football clubs. I don't think he's as much of a football or finance expert as he makes out...

 

Even if he does know what he's talking about on this occasion, I have zero appetite to listen to a prat like him depress me even more about the state of Leicester.

 

Also - remember when supporting a football team used to be fun and not like studying economics 

Edited 11 February by LeePhilpottsBaldSpot

[LeePhilpottsBaldSpot]

5 minutes ago, Leicester_Loyal said:

Sigh…

 

 

But we don’t replace our expensive players with modest players on low salaries, we replace them with equally expensive players, that’s why we’re in this position. 
 

Why do you think we’ll suddenly change who we buy overnight?

I'm saying we should change things... I'm not saying I have any faith we will! 

[Vestan Pance]

8 minutes ago, HankMarvin said:

Which in itself was unstable because the reality is we were selling players for ridiculous fees season after season to reduce the net spend. That just wasn’t an option that was going to last forever. Isn’t the reason the whole PSR thing is allegedly brought in to to encourage financial stability and slow growth down, so “smaller” clubs don’t live beyond their means (capacity, commercial revenue etc)

I'm not arguing against that at all.

[bovril]

1 hour ago, adejo92 said:

I don't blame it all on King Power, but if the club folded tomorrow, id get over it extremely quickly and find a new hobby.

 

Football as a whole is losing its shine a bit.

You wouldn't get over it. We'd form a new club and go and watch them. We can't escape it let's be honest.

[Tuna]

Terrifying really isn't it?

[bovril]

Starting to doomscroll Twitter to cheer me up after a day watching, listening and reading about Leicester City 

[VLC86]

8 minutes ago, LeePhilpottsBaldSpot said:

I was at a wedding with Charlie Methven recently and he was a posh bellend. Born into money and now a failed exec at three football clubs. I don't think he's as much of a football or finance expert as he makes out...

 

Even if he does know what he's talking about on this occasion, I have zero appetite to listen to a prat like him depress me even more about the state of Leicester.

 

Also - remember when supporting a football team used to be fun and not like studying economics 

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.

[Tuna]

38 minutes ago, LeePhilpottsBaldSpot said:

I've not watched the video

Do yourself a favour and watch it

[jayfox26]

17 minutes ago, HankMarvin said:

In the last 3 years hasn’t Top wiped off nearly £320m of debt this shouldn’t come as a surprise.

It isnt a surprise but its utterly staggering that nothing has been done to try and reset the clubs finances. Whilst the wage bill has reduced other running costs around the club clearly haven't.