Implications of relegation to league 1 (Mods can we condense all league 1 threads into one)

[Sly]

We won’t know the state of King Powers finances until the end of April. So we have no real idea if they are broke or actually recovering as tourism has increased. 
 

However, that aside.

 

El Mardyhous (El Khannous) - already sold for £15.5m

 

Fatawu will be sold for £15m.

 

Faes goes for £8m. 

 

Daka, Ayew, Ricardo, Lascelles, Marçal and Begovic are all set to be released due to contracts expiring. This will cut the wage bill by around £9m per year. 
 

Apparently Winks will be here for another year but will still be the highest paid player at the club earning £40k a month-ish. 

Soumare was a drain on and off the field, his wage is off the books and he is gone. We will also look to the likes of Vestergaard, Kristiansen and maybe Skipp / Winks. 

 

People will still attend games in the hope we get promoted. They’ll still buy King Power tat from the shop. It’ll drop but not off a cliff. 

I expect us to play with mostly youth with the likes of Cartwright, Braybrooke, Alves, Evans etc being in the first team squad. 

I’m not convinced we get promoted if I’m honest, however we will still exist as we will sell off playing assets on the cheap to balance the books books. 

[Nods]

I lack a deep enough understanding of football finance and the business side of the game to say this with any confidence, but I'd like to think that our heritage and infrastructure alone would attract new owners in the event of administration. 

 

We're beyond salvation under King Power, relegation or not. 

 

So it's a risky stance to take but I'm happy to roll the dice on our future if the alternative is a continued struggle under KP for the foreseeable. Am I wrong?

[CPepFox]

23 minutes ago, Sly said:

expect us to play with mostly youth with the likes of Cartwright, Braybrooke, Alves, Evans etc being in the first team squad. 

And what happens if injuries occur??? Paying all our players on the cheap does not balance or even build funds... perhaps the under 20 squad is good enough to hold us in league 1 for a year maybe 2, but what then??

Edited 15 March by CPepFox

[Sly]

21 minutes ago, CPepFox said:

And what happens if injuries occur??? Paying all our players on the cheap does not balance or even build funds... perhaps the under 20 squad is good enough to hold us in league 1 for a year maybe 2, but what then??

I don’t think they’ve thought that far at this point.

 

By Tops own admission, he isn’t even sure how we got relegated. 

[markko]

6 hours ago, Jonboy1999 said:

People need to stop jumping straight to the “administration” talk every time relegation is mentioned. Yes, dropping to League One would obviously be a massive financial hit, but clubs the size of us aren’t automatically on the brink of collapse because of it.

We’ve still got parachute payments, a big fanbase, Premier League infrastructure, and players who would likely be sold if needed to balance things. Plenty of big clubs have gone down to League One and recovered without going into administration.

The bigger issue isn’t just relegation itself – it’s how the ownership and recruitment have been handled over the last few years. That’s what’s put us in this mess. Relegation would hurt badly, but it doesn’t automatically mean the club is about to go bust.

Watch the video on YouTube. I thinks it called Where's the money gone. We are in big trouble if we go down.

 

Putting aside the financial mess we will be in we have.so.many players who we just need to go. I would not be sad to see any of them go. Someone said to me tonight Winks is class! He is classless in my opinion. 15 minutes today of jogging around today. Where is the heart, determination, fight and pride? 

 

We have an ownership who are totally inept. John Rudkin may have some some good things but he has done so much wrong I don't know how you anyone justify him staying.

 

If we go down and we stop paying wages,.let's see how many of the leeches stay.

[Dan]

8 hours ago, inckley fox said:

If it's going to go, let it go quickly. Unite behind the phoenix club and, whatever tier it is, we'll have a club which is more Leicester City than this one is five years from now. Fosse was wound up in 1919. In time, it'd be seen as no more significant than that to us. In the meanwhile, the political impact on the game as a whole would be seismic, and possibly very positive.

 

You even get to inherit the trophies if there's consensus on the successor club. As I see it, that club might get back to the PL in 12-15 years, whereas this one might need longer than that.

 

My only fear is that you end up with a situation like Hinckley AFC / Hinckley Leicester Road, with the KPFC lot disputing which is the 'real' new LCFC, instead of just admitting they were wrong and ****ing off.

That's my wish personally. Facts aren't something they do very well with anyway and if we really could weed out all of these people in one go it would be a godsend. We'd even have a fierce rivalry from the off as well - I detest these people far more than I do Forest or Cov.

[Dan]

7 hours ago, Jonboy1999 said:

People need to stop jumping straight to the “administration” talk every time relegation is mentioned. Yes, dropping to League One would obviously be a massive financial hit, but clubs the size of us aren’t automatically on the brink of collapse because of it.

We’ve still got parachute payments, a big fanbase, Premier League infrastructure, and players who would likely be sold if needed to balance things. Plenty of big clubs have gone down to League One and recovered without going into administration.

The bigger issue isn’t just relegation itself – it’s how the ownership and recruitment have been handled over the last few years. That’s what’s put us in this mess. Relegation would hurt badly, but it doesn’t automatically mean the club is about to go bust.

Everything you're saying is true.

 

Of someone like West Brom.

 

We are not the same. We're a unique case - nobody has dropped to that level with this level of operating cost. Sunderland are the nearest thing to it I can remember, but even they weren't on this level.

[LCFCJohn]

8 hours ago, Jonboy1999 said:

I get why people are panicking, but let’s be real. Yes, the overheads are huge for League One, but parachute payments exist for exactly this reason. They’re still far bigger than what any normal League One club earns.  
 

We’ve also got valuable players, a stadium, commercial deals and a huge fanbase — selling a few players would cover a lot of losses. Wage cuts and squad changes happen every time a club drops a division.  

Relegation would hurt badly, but administration isn’t inevitable. People are overreacting.

Those things might get us through next season but what about about after that? Parachute payments gone. No one of value to sell. How are we going to manager on L1 revenue after next season?

[LCFCJohn]

7 hours ago, STEVIE B said:

I hear this a lot. Surely, other clubs have been in far worse positions than we are & survived (not that l know our financial position, who does ?)

 

Who do you think has gone down to L1 in a worse position than us? In terms of our financial position and how the club is run?

[Footballwipe]

Club does another internal review and Rudkin gets promoted again, probably.

[LCFCJohn]

6 hours ago, Dan said:

I will laugh in the face of every KPFC loyalist. Their pain will make this bearable to me.

They won’t have pain because they don’t care like we do. Highcross and Fosse Park will get more trade though!

[phoneticerror]

4 hours ago, Nods said:

I lack a deep enough understanding of football finance and the business side of the game to say this with any confidence, but I'd like to think that our heritage and infrastructure alone would attract new owners in the event of administration. 

 

We're beyond salvation under King Power, relegation or not. 

 

So it's a risky stance to take but I'm happy to roll the dice on our future if the alternative is a continued struggle under KP for the foreseeable. Am I wrong?

It’s absolute doom mongering to assume that the club would fold completely after administration. I’ve done a little research and there is less than a 1% chance of that happening.

 

However huge job losses will occur in the summer and Seagrave is going to be untenable. 

Edited 15 March by phoneticerror

[Claudio Fannieri]

9 hours ago, Jonboy1999 said:

People need to stop jumping straight to the “administration” talk every time relegation is mentioned. Yes, dropping to League One would obviously be a massive financial hit, but clubs the size of us aren’t automatically on the brink of collapse because of it.

We’ve still got parachute payments, a big fanbase, Premier League infrastructure, and players who would likely be sold if needed to balance things. Plenty of big clubs have gone down to League One and recovered without going into administration.

The bigger issue isn’t just relegation itself – it’s how the ownership and recruitment have been handled over the last few years. That’s what’s put us in this mess. Relegation would hurt badly, but it doesn’t automatically mean the club is about to go bust.

Have you seen the recent accounts, the last 3 years published accounts we lost £200m, this season we ‘moved’ the staff christmas payment back to the 31st December. 
 

We are on our knees financially and another significant reduction in revenue will be catastrophic for the club. 
 

There will be widespread job losses at the club. Really good people who represent the club with integrity and pride, losing their jobs in what is already a challenging and difficult financial and economic climate. 
 

The rules are we can spend 60% of our revenue on playing squad, we already have the most inflated wage bill in the championship. Plus when you consider amortisation etc we are well and truly goosed. 
 

There will have to be a fire sale to raise any kind of funds which will mean the better saleable assets going for a lot less than market value and if we want rid of some of the higher earning dross then we will probably end up taking a sizeable hit to get them off the books. 
 

The future and very existence of the club is looking very very bleak if we are relegated, make no mistake. 

[Oldblueyes]

I really do have to chuckle about all this. We have a massive training ground complex built, plans for a ground expansion and a site regeneration  including a new swanky hotel. 

Meanwhile  here we stand waiting for the trapdoor to open into league1, havent two halfpenies to rub together and having no confidence in the upper tier management or squad, but other than that, everythings looks great.

 

[ceebeefox]

I can’t help but see the irony of the situation where protests are concerned. I remember standing and protesting against the board in the 70’s, those protests were against the board for selling our best players and not spending any money ( even a fanzine was called “where’s the money gone ).

Now the protests ( correctly by the way) are against the board for spending too much poorly wages and fees, and letting quality go for nowt! Ironic.

We’re down by the way.

[LCFCJohn]

14 minutes ago, ceebeefox said:

I can’t help but see the irony of the situation where protests are concerned. I remember standing and protesting against the board in the 70’s, those protests were against the board for selling our best players and not spending any money ( even a fanzine was called “where’s the money gone ).

Now the protests ( correctly by the way) are against the board for spending too much poorly wages and fees, and letting quality go for nowt! Ironic.

We’re down by the way.

My early memories are the time around administration and after so I am too young to remember protests in the 90’s against O’Neil and the board then.

 

But it’s incredible that the fanbase used to protest against owners for much less and now we actively have one who is destroying the club and the fanbase barring a few hundred won’t see it or do anything!

 

It just goes to show that those defending Aiyawatt/KP were only ever along for the winning stuff and only care about the fact they can crow about the PL and FA cup, rather than realising and understanding that supporting your local team is about more than winning stuff or what league you are in but how you can relate to the club, the players and managers etc.

[Vestan Pance]

1 hour ago, Claudio Fannieri said:

There will be widespread job losses at the club. Really good people who represent the club with integrity and pride, losing their jobs in what is already a challenging and difficult financial and economic climate. 

This is the main reason I'm still willing us to stay up. 

 

We often hear he phrase "The club is rotten from top to bottom", but in my experience it really isn't.

 

The vast majority working there are good people, who are mostly isolated from what happens results wise, and have no influence over it.

 

The people who host and look after the academy kids, the teachers the grounds people, the receptionists, security, the cleaners, the cooks, etc etc......all being let down by the so called elite football side.

 

 

 

 

[Winstonthedog]

Seagrave was a good idea but not used in the correct way .... the club should have employed top coaches and a scouting network that brought young talent to the club .... that could be either the future of the club or saleable players at some point ... instead it has become a joke full of over paid and vastly over rated players .... sell it .. no ... sell Belvoir drive instead ... if we are relegated Top needs to step away from the club and hand the running of the club to genuine football people .... and get rid of most of those running the club now ... because the facts don't lie ... they are not competent or capable of doing their jobs 

[Winstonthedog]

Seagrave was a good idea but not used in the correct way .... the club should have employed top coaches and a scouting network that brought young talent to the club .... that could be either the future of the club or saleable players at some point ... instead it has become a joke full of over paid and vastly over rated players .... sell it .. no ... sell Belvoir drive instead ... if we are relegated Top needs to step away from the club and hand the running of the club to genuine football people .... and get rid of most of those running the club now ... because the facts don't lie ... they are not competent or capable of doing their jobs 

[STEVIE B]

2 hours ago, LCFCJohn said:

Who do you think has gone down to L1 in a worse position than us? In terms of our financial position and how the club is run?

Sorry, l didn't add the quote. 

I was replying to someone saying 'we will fold as a club'.

 

Basically, some think it will be the end of us as a club in the near future, we will no longer exist etc. I've read this in various threads. Yes, it's bad, but is as bad as that ? 

We are ran terribly, our financial position isn't great. I agree, who wouldn't ? 

[Winstonthedog]

Alternatively the club could produce a best selling book / DVD of .... How not to run a professional football club ..... that cold raise a few quid 

[Sly]

1 hour ago, Claudio Fannieri said:

Have you seen the recent accounts, the last 3 years published accounts we lost £200m, this season we ‘moved’ the staff christmas payment back to the 31st December. 
 

We are on our knees financially and another significant reduction in revenue will be catastrophic for the club. 
 

There will be widespread job losses at the club. Really good people who represent the club with integrity and pride, losing their jobs in what is already a challenging and difficult financial and economic climate. 
 

The rules are we can spend 60% of our revenue on playing squad, we already have the most inflated wage bill in the championship. Plus when you consider amortisation etc we are well and truly goosed. 
 

There will have to be a fire sale to raise any kind of funds which will mean the better saleable assets going for a lot less than market value and if we want rid of some of the higher earning dross then we will probably end up taking a sizeable hit to get them off the books. 
 

The future and very existence of the club is looking very very bleak if we are relegated, make no mistake. 

I don’t think the future is at major risks as we do have assets. 
 

For me, what is at risk is being competitive at a higher level. That is going to take time, effort and luck to get back to the Premier League. 
 

Sunderland, Portsmouth, Forest, Blackburn, Leeds and Coventry are recent examples of team that have fallen. 
 

Financial mismanagement destroys club as they stretch to stay at the top table. I’d suggest that PSR is just as bad at strangling clubs as bad owners are. 
 

Other team throughout history though have never got back to the top of the sport after finance . Preston over 100 years ago were the original invincible team. 

[Sly]

I’ll add, I could see us ending up like Bradford. 
 

Decent crowds every week, ambling around in League 1. 

[Sol thewall Bamba]

2 minutes ago, Sly said:

I’ll add, I could see us ending up like Bradford. 
 

Decent crowds every week, ambling around in League 1. 

There won't be decent crowds under King Power though. The culture is set by them and that's what people are getting sick of.

[ceebeefox]

12 minutes ago, Winstonthedog said:

Seagrave was a good idea but not used in the correct way .... the club should have employed top coaches and a scouting network that brought young talent to the club .... that could be either the future of the club or saleable players at some point ... instead it has become a joke full of over paid and vastly over rated players .... sell it .. no ... sell Belvoir drive instead ... if we are relegated Top needs to step away from the club and hand the running of the club to genuine football people .... and get rid of most of those running the club now ... because the facts don't lie ... they are not competent or capable of doing their jobs 

Another irony, the two worst run clubs in the country bar none were fighting for the title in 2016, us and Tottenham. They’re big enough to recover quickly though, sadly we ain’t.