Where’s the money gone?

[Paninistickers]

I still think the financial situation is even worse than Methven describes. 

 

There is no parachute payment to come. It goes to Macquarie. 

 

Regardless of division next season,  unless we can sell 35m (minimum) worth of playing assets, I think we are cooked. 

 

Edit to add; I wouldn't be surprised if it's why Susan Whelan left. As for next season, we will be by law wrongfully trading. Ie Knowingly unable to operate and start to miss payments to players and suppliers and HMRC. And directors are personally legally culpable. She's left possibly as there's a chance she goes to prison as CEO of a business that wrongfully trades. . 

Edited 15 February by Paninistickers

[Stadt]

1 hour ago, Paninistickers said:

I still think the financial situation is even worse than Methven describes. 

 

There is no parachute payment to come. It goes to Macquarie. 

 

Regardless of division next season,  unless we can sell 35m (minimum) worth of playing assets, I think we are cooked. 

 

Edit to add; I wouldn't be surprised if it's why Susan Whelan left. As for next season, we will be by law wrongfully trading. Ie Knowingly unable to operate and start to miss payments to players and suppliers and HMRC. And directors are personally legally culpable. She's left possibly as there's a chance she goes to prison as CEO of a business that wrongfully trades. . 

She stayed longer than anybody sane would have but she was on the gravy train too. As the only business head at the org she certainly could have done more.

[Dreadnought]

A mate of mine that runs a recruitment business said that before Christmas they received loads of CVs for people from the finance department at the club. Those people will see exactly who is and isn’t being paid, if there is money available and will jump before they are pushed. Not a good sign. 

[st albans fox]

1 hour ago, Paninistickers said:

I still think the financial situation is even worse than Methven describes. 

 

There is no parachute payment to come. It goes to Macquarie. 

 

Regardless of division next season,  unless we can sell 35m (minimum) worth of playing assets, I think we are cooked. 

 

Edit to add; I wouldn't be surprised if it's why Susan Whelan left. As for next season, we will be by law wrongfully trading. Ie Knowingly unable to operate and start to miss payments to players and suppliers and HMRC. And directors are personally legally culpable. She's left possibly as there's a chance she goes to prison as CEO of a business that wrongfully trades. . 

Suspect it also had to do with the fact that king power no longer being run by the family 

 

big concern for me is that she left before a replacement was lined up and we’ve been unable to find anyone to take the role. 

[trooky]

£25 million, £50k per week and a 6 point deduction has gone on Oliver Skipp. 

 

Says it all really, 

[Paninistickers]

34 minutes ago, Stadt said:

She stayed longer than anybody sane would have but she was on the gravy train too. As the only business head at the org she certainly could have done more.

Yeah, I'm not defending her. Im not in the revisionist camp. But it's a reasonable hypothesis that she saw potential personal liability consequences, criminal consequences by remaining in her role. 

 

25 minutes ago, st albans fox said:

Suspect it also had to do with the fact that king power no longer being run by the family 

 

big concern for me is that she left before a replacement was lined up and we’ve been unable to find anyone to take the role. 

Nobody will take the role unless they can legitimately turn the ship around.

 

The club is headed for an iceberg and the owner is not allowing the captain to change course. Through a mix of idiocy and pig headedness. 

[desertfox2]

On 13/02/2026 at 02:22, Blue-fox said:

A fan led consortium could well end up being needed, especially if we go down. I can’t see it being too difficult to run the finances of a club, it would be the same for any business just varying levels of turnover/profit/expenditure. 

We have a hotel/health club/spa and a 9 hole golf course that we operate without any customers. We have players who whilst they probably had relegation clauses this time around when we got relegated from the Premier League almost certainly don't have relegation clauses for a drop to league One as our owner had never entertained that possibility. It's not any business. You could well be looking at having to plug 20m + in losses a year, probably more. The club itself in league one is not worth much more than a years worth of losses. That is where the problem comes in. A fans consortium doesn't cut it anymore sadly we basically need a Billionaire owner who's main business is thriving or essentially start again.

[Taz_The_Fox]

I am genuinely concerned that this club may go the way of Bury... Who will realistically, in their right mind, look at this club when it's in League One and think it is a sound investment? 

 

If we get relegated we are staring down the barrel of the death of Leicester City and yet still people will defend the current owners. It really is mind boggling.

[st albans fox]

When we first went down, Percy reported that there were relegation clauses.  He said that the ones for souttar and VK were significant (they were signed in the Jan) but that others were in the 25% area. 
now we have people in the industry who claim to be ITK saying that there were no clauses for players before the Jan incomings.  If Percy was lied to then who lied to him ???

[Paninistickers]

Just as an aside, Charlie Methven refers to the Khunt as an idiot. 

 

OPA and Rob Dorsett use 'Sir' when addressing him. The local correspondents should take a long look at themselves at being too meek to ask the questions they are employed to ask. 

[HankMarvin]

4 minutes ago, st albans fox said:

When we first went down, Percy reported that there were relegation clauses.  He said that the ones for souttar and VK were significant (they were signed in the Jan) but that others were in the 25% area. 
now we have people in the industry who claim to be ITK saying that there were no clauses for players before the Jan incomings.  If Percy was lied to then who lied to him ???

Wages and salaries, went from £205m to £107m, factor in what ever players left and there is still a significant reduction which points the correct story.

Conversely we will see in April, if they had increases that put it back up significantly when promoted.

[Corky]

11 minutes ago, Paninistickers said:

Just as an aside, Charlie Methven refers to the Khunt as an idiot. 

 

OPA and Rob Dorsett use 'Sir' when addressing him. The local correspondents should take a long look at themselves at being too meek to ask the questions they are employed to ask. 

KPFC 4EVA probably thinks he started following us in 2015 and has no idea how Covid and the EFL joined forced to take all the money away.

[Stadt]

38 minutes ago, Taz_The_Fox said:

I am genuinely concerned that this club may go the way of Bury... Who will realistically, in their right mind, look at this club when it's in League One and think it is a sound investment? 

 

If we get relegated we are staring down the barrel of the death of Leicester City and yet still people will defend the current owners. It really is mind boggling.

Bury a tiny club. We’re not, the purchase price will be high even if we go into admin but there will be interested parties as our assets (ground, Seagrave) are worth a lot if Macquarie don’t take them on. We also have a level of name recognition that is incomparable

 

My worry is we don’t have a Clowes as Derby did because we’ll go for twice that amount 

[Jattdogg]

At this point we need someone like amazon or  foreign prince to buy us

[Stevosevic]

Do PSR rules exist for League One or can an owner pump in money if needed?

 

Not that ours has any available 😂 

[Jattdogg]

14 minutes ago, Stevosevic said:

Do PSR rules exist for League One or can an owner pump in money if needed?

 

Not that ours has any available 😂 

The only pumping associated to Thailand that will be happening is the old blokes who fly to Thailand for a good time with the "lad-ies"

[Taz_The_Fox]

16 minutes ago, Stevosevic said:

Do PSR rules exist for League One or can an owner pump in money if needed?

 

Not that ours has any available 😂 

It says in the video that League ones regulations are set to be even more stringent than before. I cant see a way that we are able to meet them when we've tied ourselves into long term lucrative contracts with some very unsellable assets. (Thomas, Vestergaard etc.) 

 

Whether that means further points deductions, who knows. 

[HankMarvin]

30 minutes ago, Stevosevic said:

Do PSR rules exist for League One or can an owner pump in money if needed?

 

Not that ours has any available 😂 

The SCMP requirement is whereby a Club’s Player-Related Expenditure shall not exceed the sum of 60% or 50% of the Club’s Relevant Turnover.

The shit will really hit the fan 

[Paninistickers]

49 minutes ago, Stadt said:

Bury a tiny club. We’re not, the purchase price will be high even if we go into admin but there will be interested parties as our assets (ground, Seagrave) are worth a lot if Macquarie don’t take them on. We also have a level of name recognition that is incomparable

 

My worry is we don’t have a Clowes as Derby did because we’ll go for twice that amount 

The ground isn't an asset. It belongs to KP. Dunno about seagrave or Belvoir drive. 

 

Macquirie can't and won't take the club. Their repayments are guaranteed. The parachute money goes direct to them. 

 

Inter how Derby have had three takeovers by rich local businessmen over the years to save them;  Lionel Pickering. Peter Gadsby (twice). David Clowes.

 

Cov too with Doug King. 

 

We never have any. The wealthy Leicestershire businesses have often been drawn to Tigers. 

 

 

 

 

[Chrysalis]

Top may have stated he isnt selling.

 

He told the BBC Marti needed time and then sacked him 6 hours later.

[Dames]

I remember being mocked on here for saying we were skint during the window when we only signed Faes. Its taken a few years but i’m finally glad most peoples eyes are open. 

[AyewJoking]

On 11/02/2026 at 19:55, Quorndon_Fox said:

Saying you don’t care at this point is basically saying you could give a **** if the club went out of existence. 

Thats me. Problem is there could still be 3/4 more years of humiliation before that happens

[FoxFossil]

6 hours ago, Jattdogg said:

At this point we need someone like amazon or  foreign prince to buy us

Mahrez?

[KingsX]

On 12/02/2026 at 07:13, jonthefox said:

AFC Leicester  

Fossils Never Quit

[Sly]

We will sell El Khannous and Fatawu.

 

They’ll raise £40m which should stave off the pain of being non compliant next season.

 

We’ll also shift a massive amount off the wage bill when Daka, Ayew, Winks, Begovik, Ricardo, Lascelles, Marçal expire.

 

We won’t sign James.

 

Either way, whatever division we will be in, we are starting from scratch and the reliance will be building a team around the young players. Young players that in reality, whilst technically steady I’d argue are debatably not up to standard currently for the level of football we are competing at.