What's going on at Leicester

[RoboFox]

Methven's back on the Business of Sport to talk about how the mess at the club is even bigger than he realised. From 9 mins in. 

 

 

[Sol thewall Bamba]

1 minute ago, Heathrow fox said:

Just the one I’m afraid

And already going straight to pay off the Macquarie loans.

[Golden Fox]

1 hour ago, MPH said:

 

No, the specific 

Profit and Sustainability Rules (PSR) used by the Premier League and Championship do not apply to EFL League One. 

Instead, clubs in League One (and League Two) operate under a separate set of financial regulations. Here are the key details: 

Entertainment and Sports Law Journal

• Salary Cap Management Protocol (SCMP): League One clubs must adhere to SCMP, which is a system that ties player spending directly to a percentage of the club's turnover.
• Owner Investment Restrictions: Recent changes (as of late 2024/2025) have introduced tighter controls on owner investments in League One, restricting how much of an owner's cash can be used for player spending.
• Purpose: While PSR in higher leagues focuses on limiting overall losses over a 3-year period, League One’s rules are designed to ensure clubs operate within their means based on income, rather than relying on unsustainable owner funding.
• Relegated Clubs: If a club is relegated from the Championship to League One, they may still have to account for Championship-level financial regulations for the monitoring period during which they were in the second tier. 
  BBC +4

In short, League One uses SCMP/turnover-based rules, not the PSR loss-limit rules. 

BBC +1

Genuinely interested in how this would work if we are contractually tied to a higher level of salaries than League One would allow (which could well be the case). Choices would either be to pay players off in full before the period starts, or to go into the season knowing we would breach the rules - but with contract law stating we have to. Surely this would lead to another legal case with the EFL, and would make it very difficult for the EFL to enforce.

[hinkfox21]

We cannot get relegated. If we do, we will end up in administration and no doubt either liquidating as a football club or getting a huge points deduction that we end up doing a Coventry and going down to League 2. No players will want to play for us as at the end of the day, footballers follow where the money is at, and we don't have any.

I took the piss out of Coventry, but my god, I know how it feels. The amount of abuse I'm getting from Cov supporters is nasty, but we deserve it!

[Babylon]

19 minutes ago, Heathrow fox said:

Just the one I’m afraid

Is it because we came down, went up and came down again?

Edited 20 February by Babylon

[fazzyfox]

47 minutes ago, cropstonfox said:

No happy clappers near me in West Stand. 

Is it a Kop thing or Family Stand.

Most near me have grumbled about KP and Rogers even before the FA Cup win.

Where are these happy clappers are they just Facebook warriors who don't actually

attend matches?

Quite a lot in J1, East Stand. As soon as the songs start regarding Marti, Rudkin or King Power they tut and a few snipe back about better the devil you know scenario but it's at the end, the applause for the non-trying players, even grinning because these semi famous people they like are clapping towards them first. I politely asked some "Why are you clapping? What are you applauding? What have you seen today that deserves recognition through applause" (this was after Oxford!) and they can't answer, just clapping like seals waiting for a fish to be thrown to them. I think the applause are the players saying "Thanks for your support" (just before the manager blames us for the difficult atmosphere we create in the stadium) and the fans clap back in that case saying "Thanks for thanking us and appreciating it" rather than "Thanks for that 100% effort and commitment you put in today" as in the past, which used to be at a justifiable level win, lose or draw. I'm all for good manners and etiquette but that little routine is beyond parody now. It's an attitude that we're just there to watch the performance unfold as if it's a play (a tragedy!) and not have an opinion on the blatant flaws (effort, fitness, cohesion, semblance of a plan) or voice displeasure at what we're witnessing. I've been torn, I want the likes of Nelson, Page and Monga to keep their chin up and feel comfortable in their blooding into the first team and when James played he did put in 100%. But I can't clap a s**t show of yet another early soft goal, yet another going AWOL for the whole 2nd half, yet another stupid red card etc

.

I think you're right re Facebook, it is disproportionate on there the criticism against the protesters, I suspect many of them follow from a distance and haven't seen up close how bad it is. 

[Stadt]

15 minutes ago, Babylon said:

We will still have two years remaining on parachute payments, don't forget. 

 

Year 2: around £30m to £35m

Year 3: around £15m

 

 

You only get two parachute payments when you’ve had one season in the PL, like we did last time 

Edited 20 February by Stadt

[Babylon]

6 minutes ago, Stadt said:

You only get two parachute payments when you’ve had one season in the PL, like we did last time 

I presume that's the higher amount still?

[Pliskin]

I wasn’t aware there were any issues? 

[Stadt]

5 minutes ago, Babylon said:

I presume that's the higher amount still?

Year 2 is 45%, £30-40m usually from a brief look 

[Lineker's Left Foot]

14 minutes ago, hinkfox21 said:

We cannot get relegated. If we do, we will end up in administration and no doubt either liquidating as a football club or getting a huge points deduction that we end up doing a Coventry and going down to League 2. No players will want to play for us as at the end of the day, footballers follow where the money is at, and we don't have any.

I took the piss out of Coventry, but my god, I know how it feels. The amount of abuse I'm getting from Cov supporters is nasty, but we deserve it!

We do deserve the abuse, but let’s remember Cov have only had about three good seasons in their existence 😂

[JonnyZeroFox]

If we get relegated, we could be in league one for a long time, things are far from good. 

[KingsX]

35 minutes ago, RoboFox said:

Methven's back on the Business of Sport to talk about how the mess at the club is even bigger than he realised. From 9 mins in. 

 

 

ENIC  "Only we could build a club so shite it turned Charlie ****ing Methven into Yoda"

 

KP:  "Hold my beer"

[Foxin_Mad]

1 hour ago, cropstonfox said:

No happy clappers near me in West Stand. 

Is it a Kop thing or Family Stand.

Most near me have grumbled about KP and Rogers even before the FA Cup win.

Where are these happy clappers are they just Facebook warriors who don't actually

attend matches?

Loads of happy clappers in the Kop SK1. I actually saw a number of them stand and clap the players after the Southampton surrender. Now I certainly don't agree with booing during the game, or particularly singling out individuals but it was somewhat difficult to find justification for clapping that! The happy clappers also don't sing at all, some off them make ssssshhh noises when its quiet, but don't sing, some of them start kicking off if anyone criticises Top and King Power. There is a group behind me who do this, then piss off 5 minutes before half time for a drink, rock up 5 minutes into the 2nd half and leave religiously on 85 minutes to beat the traffic. They constantly bang on how they are the better fans, backing the lads etc. Honestly they'd be better off staying in the pub. 

[Aleksz]

1 hour ago, RoboFox said:

Methven's back on the Business of Sport to talk about how the mess at the club is even bigger than he realised. From 9 mins in. 

 

 

Sweet baby Jesus of Nazareth.

[Trav Le Bleu]

2 hours ago, Stadt said:

Would you have pooh-pooed the idea of relegation at the end of 21/22 as doom mongering? Or getting relegated twice in 3 seasons or potentially 3 in four seasons?

 

We can't rule out the worst case scenario because we it keeps happening.

Did I say I was ruling it out?

 

My point is that many grief revelers and woe wallowers talk like it's a nailed on certainty.

 

Which it isn't.

[Chrysalis]

Taking these videos for people to work it out, but better late than never.

[suffolk fox]

Truth, be told all of these so called experts haven't a clue.  They are all speculating, if you throw enough mud some of it sticks.  Jordan was at it again on talkshite yesterday.  Reckons we deserve at least 3 more points.  What, if anything, it actually has to do with him who knows.  Facts are, EFL and Premier league charged us under retrospective rule changes, after the event had happened.

 

How on earth that has been allowed in the first place is anybodys guess.  

 

Too many who, wear, where's and why's for my liking.

 

Whole thing stinks.

 

Facts are this ten years ago we achieved the impossible and the improbable.  Premier league and their cartel of big 6 didn't like having their noses put out of joint.

 

Hence why, we can never ever have another Leicester City.  By god, they are doing their best to make sure it never happens again.

[cropstonfox]

2 hours ago, fazzyfox said:

Quite a lot in J1, East Stand. As soon as the songs start regarding Marti, Rudkin or King Power they tut and a few snipe back about better the devil you know scenario but it's at the end, the applause for the non-trying players, even grinning because these semi famous people they like are clapping towards them first. I politely asked some "Why are you clapping? What are you applauding? What have you seen today that deserves recognition through applause" (this was after Oxford!) and they can't answer, just clapping like seals waiting for a fish to be thrown to them. I think the applause are the players saying "Thanks for your support" (just before the manager blames us for the difficult atmosphere we create in the stadium) and the fans clap back in that case saying "Thanks for thanking us and appreciating it" rather than "Thanks for that 100% effort and commitment you put in today" as in the past, which used to be at a justifiable level win, lose or draw. I'm all for good manners and etiquette but that little routine is beyond parody now. It's an attitude that we're just there to watch the performance unfold as if it's a play (a tragedy!) and not have an opinion on the blatant flaws (effort, fitness, cohesion, semblance of a plan) or voice displeasure at what we're witnessing. I've been torn, I want the likes of Nelson, Page and Monga to keep their chin up and feel comfortable in their blooding into the first team and when James played he did put in 100%. But I can't clap a s**t show of yet another early soft goal, yet another going AWOL for the whole 2nd half, yet another stupid red card etc

.

I think you're right re Facebook, it is disproportionate on there the criticism against the protesters, I suspect many of them follow from a distance and haven't seen up close how bad it is. 

Most people near me boo the team on!

That's if they've bothered to turn up.

Can't blame them our group of 7 is down to

2 sometimes 3.

Out the 7 they'll be 2 renewals next season 

I'm one due to seeing it as a chance to collect points for future aways in this non transferable digital ticket era.

Keep the faith, keep booing these useless bankers.We will rise again when these owners and players have long gone. 

 

[CarolinaFox]

2 hours ago, hinkfox21 said:

We cannot get relegated. If we do, we will end up in administration and no doubt either liquidating as a football club or getting a huge points deduction that we end up doing a Coventry and going down to League 2. No players will want to play for us as at the end of the day, footballers follow where the money is at, and we don't have any.

I took the piss out of Coventry, but my god, I know how it feels. The amount of abuse I'm getting from Cov supporters is nasty, but we deserve it!

While I don't want to diminish the financial stress the club are in, I think the view expressed by Charlie in both videos is heavy handed. We are a financially stressed club, no doubt, but most of our debt is owned by King Power, not outside banks and that plays a big factor here, and changes our risk profile completely. If we owed a lot of money to outside banks then yes, relegation would be dangerous, but the things Charlie points out: taking out loans against parachute payments, transfers etc is normal. The only way the club goes into administration is if King Power cannot pay the club's bills as they fall due.  We haven't seen strong signs that's the case. He brings up paying staff late in December, but paying wages early in December is a courtesy, not an obligation. If this club were as bad as he indicates we would see bigger red flags: short-term emergency loans, not paying transfer wages, and other bigger signs that there are insolvency issues. And this is why there isn't strong reporting on it, there aren't clear and obvious signs to back up a claim that King Power are insolvent. Relegation to League One would be bad for the club - it would reduce revenue and put more on the owners to finance club operations, but it wouldn't automatically place us in administration. This is one of those things that sounds good for a podcast to get listeners, and bears some truth, but is a bit heavy handed.  

Edited 20 February by CarolinaFox

[marketharboroughfox]

3 hours ago, hinkfox21 said:

We cannot get relegated. If we do, we will end up in administration and no doubt either liquidating as a football club or getting a huge points deduction that we end up doing a Coventry and going down to League 2. No players will want to play for us as at the end of the day, footballers follow where the money is at, and we don't have any.

I took the piss out of Coventry, but my god, I know how it feels. The amount of abuse I'm getting from Cov supporters is nasty, but we deserve it!

On that note if memory serves, their owners put themselves into administration, after having filed charges against the club. So the administrator found that the best 'offer' was to sell the club back to the owners.

 

If KP were so inclined, they could do the same-if they had the cash to put up against the club in the first place.

[Sky Blues]

3 hours ago, Heathrow fox said:

Just the one I’m afraid

And you've already spent that.

 

https://www.leicestermercury.co.uk/sport/football/transfer-news/leicester-city-handed-financial-boost-10355889

[Heathrow fox]

22 minutes ago, Sky Blues said:

And you've already spent that.

 

https://www.leicestermercury.co.uk/sport/football/transfer-news/leicester-city-handed-financial-boost-10355889

I would still like to know if they have borrowed on future ticket sales

[Sky Blues]

14 minutes ago, Heathrow fox said:

I would still like to know if they have borrowed on future ticket sales

You've borrowed on every future guaranteed payment. Ticket sales are not guaranteed so you're OK there.

[Corky]

Plenty of this has been mentioned for at least five years, possibly longer. The unease at using Macquarie so frequently. Rudkin has been under pressure from sections of the fanbase since 2017. That Rodgers was almost given free rein to do as he pleased which was alarming. That the wage bill was unsustainable and created a bottleneck in the squad when trying to move the players on. That we would have serious issues the minute promotion looked unlikely and the income would drop drastically whilst never maximising the potential of the club through sponsorship and partnership deals.

 

We were just labelled ungrateful, entitled and told to be careful what we wished for. As the great man once said, there we are.