RIP Leicester City Football Club

[Paninistickers]

3 minutes ago, Foxin_Mad said:

Thing is, all of those were in a lot better financial state than us. Like Wrexham and Bournemouth relatively low overheads. Birmingham 2nd/3rd city, Leeds are a classic seen as sleeping giant. I don’t know if most Americans know where Lichester is?!

Mate most Americans couldn't tell you where London is. 

 

I can guarantee that still, most people with even the vaguest interest in football, USA or worldwide, know Leicester. Our mild meek cuckold self deprecating 'little ol' leicester' fanbase have no idea how impressive our reputation is aboard..

[Foxin_Mad]

3 minutes ago, Paninistickers said:

Mate most Americans couldn't tell you where London is. 

 

I can guarantee that still, most people with even the vaguest interest in football, USA or worldwide, know Leicester. Our mild meek cuckold self deprecating 'little ol' leicester' fanbase have no idea how impressive our reputation is aboard..

True!

 

I think it’s inbuilt into the people of Leicester. They never shout about their city, we have people from Nottingham telling us how great that is, Derby, even Coventry, it’s bizarre. Even people from some right dumps are shouting with pride. It’s a shame. 
 

I hope someone comes in and king power sell up, that is our best hope

[OntarioFox]

2 hours ago, Shaun the fox 1 said:

You call your self Leicester fans it's a joke win lost draw I will always be a Leicester fan you take the good times and the bad times 

You're in for a shock this time next year when the club folds due to unpaid debts. Good luck being a fan of a club that no longer exists.

And no, you won't be welcome at the phoenix club when we form it.

[Jon the Hat]

6 hours ago, wurmer said:

So given where we are, the state of the clubs finances including the huge debt and how leveraged we are, the state of the world thanks to the Orange Bafoon in Washington, the likelihood that we are down, the state of King Power and the issues they have had/are going to have, the absolute turnips in charge of the club on a sporting and corporate level, it’s looking very very grim.

 

The Brutal Truth

 

There is a lot of confusion about what happens to the club financially if we suffer back-to-back relegations. Here is the reality of our situation, stripped of all the accounting jargon:

 

1. We owe more than we own.

Yes, we have a £130m training ground and a £40m+ stadium. But our total debt is estimated to be over £200 million. If you subtract what we owe from what we own, the club is essentially in negative equity.

 

2. We owe banks, not King Power.

Top isn't the one demanding this money. King Power actually wiped out the massive loans we owed them by turning them into shares. Our current debt problem is because we’ve had to take out massive, high-interest loans from real banks (like Macquarie) just to survive the Championship. Banks don't forgive debt; they demand cash.

 

3. League One revenue is basically zero.

In the Premier League, we made £100m+ from TV. In the Championship, it's a fraction of that. In League One, total TV and league money drops to under £2 million. We absolutely cannot pay a £200m+ bank debt and a massive wage bill on £2m a year.

 

4. King Power can't really afford to save us anymore.

Because of the pandemic, changes in tourism, current world situation, King Power’s own duty-free business in Thailand has taken a massive hit. The days of Top writing £100 million blank cheques to bail out the club's mistakes are over.

 

What is one likely path?

If we go down, administration is actually quite unlikely because it would destroy the club's assets and King Power's legacy (plus it brings a massive points deduction). Instead, another option is:

 

• The Summer Fire Sale: The club will sell absolutely anyone with a heartbeat and a transfer value for pennies just to slash the wage bill and keep the banks off our backs.

 

• The £1 Sale: King Power will likely have to accept they’ve lost their infrastructure investment. They will quietly sell the club for a nominal fee (like £1) to new owners (likely an American investment group). The new owners get the stadium and Seagrave for "free," but they have to take on the massive £200m debt and the long-term rebuild.

 

 

TLDR: If we drop to League One, expect a total squad fire sale followed by King Power selling the club for £1 to whoever is willing to take on the debt.
 

The 2016 era is officially over.

 

I’m staggered that the happy clapper idiots still think that it is ok/will be ok because we will spend millions in a league one.

 

Absolute lunancy!

The problem is we won’t be able to sell everyone on high wages.  Admin will be necessary to rip up contracts and start again.

[ozleicester]

8 hours ago, Jattdogg said:

Forget the club poor FoxesTalk would need to rebrand or go down with the ship.

 

Might be some cvnts on this forum but some genuinely good posters/people in here who i would miss seeing their posts.

 

Maybe this deserves its own thread but what could foxestalk rebrand as? 

 

 

meh, its no surprise the banning of people here coincides with the demise   

I for one welcome our new FosseTalk overlords

[Paul_DMU]

I don't think Coventry had anywhere near the same level as debt as we are in and they struggled. Leicester are knee deep in shit that is going to get a whole lot worse.

[Gamble92]

This club has always been there. Through the absolute shit and I think we will survive this. It's just gonna be rough. 

 

I am not doing too well with all this. I can't bare the thought of us not having Leicester any more. 

[foxes4life]

2 hours ago, OntarioFox said:

You're in for a shock this time next year when the club folds due to unpaid debts. Good luck being a fan of a club that no longer exists.

And no, you won't be welcome at the phoenix club when we form it.

He'll be more welcome then you, **** off and support a Canadian team and stop telling us Leicester born fans that actually attend games what to do.

[Dan]

It sounds melodramatic but if you've been watching this play out, you know it's true.

 

It's a perfect storm on a par with 2016.

 

I'm fascinated to know what the floor of LCFC is.

[OntarioFox]

29 minutes ago, foxes4life said:

He'll be more welcome then you, **** off and support a Canadian team and stop telling us Leicester born fans that actually attend games what to do.

I'm from Sileby mate 

[fox_favourite]

Remember the faces of these players. The players that are on high wages and don't want to put the effort in. Remember the faces of the players who, refused to perform for 4 managers, who suffered 2 relegations, and on some cases 3. Remember the names Rudkin and Top. 

 

Why?

 

Because those are the selfish people who killed Leicester City Football Club. Those are the ones that will be responsible for the club to go into administration in 2026/2027 (I believe) season which sees the club on the brink of extinction.

 

Sad thing is, I don't think they actually care what it will do to the city as a whole or the hard working people that work for the club and actually care. 

 

Any player reading this. You are a disgrace to the professional game, and this is what happens when you over pay your employees with a poor attitude. Rudkin and Top, that's one you. Vichai had a dream and YOU killed it. 

Edited 12 April by fox_favourite

[Dan]

4 hours ago, MC Prussian said:

About time fans hold the players and the club management responsible.

 

Peg them in after the Hull home game, don't let them leave in their fancy cars and force them to talk to the supporters outside the stadium, so the fans can vent their anger (without any fisticuffs, of course).

You had me until this.

[Chrysalis]

10 hours ago, Foxin_Mad said:

I think this is the end. Everything is rotten to the core. There is nothing positive. The finances are a disaster. Most of the support is complicit. We have no identity, obsessed with this style. A pathetic mentality. I don’t see the club ever returning from this. We will likely be the first major city without a football club. Maybe it’s a summary of the total decline and demise of football. We maybe have one year at best but unless these clowns get lucky with a manager there will be no promotion back. 1884-2026 Leicester City FC

It will, its just a question of low long before KP sell up.  They wont stay forever, I see the shrine mentioned a lot, but at some point they will cave and give up.

League one will mean they no longer a promotion away from the EPL, which might be enough.

Edited 12 April by Chrysalis

[Chrysalis]

6 minutes ago, fox_favourite said:

Remember the faces of these players. The players that are on high wages and don't want to put the effort in. Remember the faces of the players who, refused to perform for 4 managers, who suffered 2 relegations, and on some cases 3. Remember the names Rudkin and Top. 

 

Why?

 

Because those are the selfish people who killed Leicester City Football Club. Those are the ones that will be responsible for the club to go into administration in 2026/2027 (I believe) season which sees the club on the brink of extinction.

 

Sad thing is, I don't think they actually care what it will do to the city as a whole or the hard working people that work for the club and actually care. 

 

Any player reading this. You are a disgrace to the professional game, and this is what happens when you over pay your employees with a poor attitude. Rudkin and Top, that's one you. Vichai had a dream and YOU killed it. 

This is what happens when players that want to move on, are kept because the DoF isnt capable of moving players on, and also when the ethos at the club doesnt want them to make them stay here.

[KFS]

1 hour ago, foxes4life said:

He'll be more welcome then you, **** off and support a Canadian team and stop telling us Leicester born fans that actually attend games what to do.

Absolute shit from you

[BirminghamFox]

Ah well… as I sit here on a beach bed in Phuket, at least I can tell the grandchildren I was there as a season ticket holder to watch a team that no longer exists lift the Premier League! And… Arsenal still haven’t won it since 

[Fear Of The Fox]

When I was talking about termination of contracts and huge fines for the players because of misconduct a lot here were laughing at me. 

The situation we're in was avoidable by taking action against certain players and staff. 

But it seems this club is run like a kindergarten. Everyone from Top to bottom (fans) has an absolute immature approach. 

[inckley fox]

8 hours ago, OntarioFox said:

Said it in the KP Out Thread, but if anyone turned up to the phoenix club and so much as hinted that they shared sympathy with KP, LCFC or anyone else involved in the death of our club... well I'd personally not be holding my tongue and I'd ensure they had an uncomfortable time. At this point i'd rather watch park football with 50 people who can see the wood for the trees than rub shoulders with anyone of that sort. They're as much part of the poison killing LCFC as anyone else.

I understand this sentiment because I think the KP apologists are most likely going to have a lot to answer for when we finally reach the bottom of all this. But if the phoenix club is ever to be recognised as the successor, and eventually inherit the name Leicester City and its history, then there needs to be only one phoenix club.

 

The KPFC brigade, the Ginettas and co, will want to push a successor club. They'll look for backing. Maybe they'll peddle a narrative that negativity from those who turned on the club led to our downfall, rather than their blind loyalty. And then you'll get the rest of us who want our club and who, like you, don't really want the KP apologists on board. This has happened already with many non-league clubs. Hinckley United was a case in point and that kind of split would be the true end.

 

But it's entirely avoidable. If this does go as badly wrong as it could, then it needs to be a unifying event. There'll be no pro-KP argument because there'll be no KP. And no argument as to whether they can rescue the club, because there'll be no club. The outcomes will be there for all to see, and it won't matter any more whether you were marching, paying for plane protests, staying away or applauding to the death. The scale of Top's failure will be undeniable, so who cares whether you were right all along, or a hopeless optimist to the last?

 

There will be the chance to have a massive phoenix club to get behind. A new 'LCFC', which can inherit the club's accolades and soar up through the pyramid. But it will depend on the Ginettas of the world accepting that they were wrong, quietly at least, and the rest of us not expecting them to self-flagellate through the streets of Leicester with the letters K and P crudely branded on their foreheads. Whatever anyone thinks or thought and wherever the money comes from, we're all going to have to be willing to unite behind the same Leicester City at some point or other.

[CosbehFox]

5 hours ago, Foxin_Mad said:

Thing is, all of those were in a lot better financial state than us. Like Wrexham and Bournemouth relatively low overheads. Birmingham 2nd/3rd city, Leeds are a classic seen as sleeping giant. I don’t know if most Americans know where Lichester is?!

All four clubs have/are/or were requiring of investment into their training grounds and stadiums. Dead money in other terms. I don’t think any American had a clue where Wrexham was either or Bournemouth or Leeds or Birmingham 

[Vindaloo FOX]

3 hours ago, Gamble92 said:

This club has always been there. Through the absolute shit and I think we will survive this. It's just gonna be rough. 

 

I am not doing too well with all this. I can't bare the thought of us not having Leicester any more. 

Agree we will be fine i feel,

 

I think Top is running us into administration though and at some point he will be forced to sell up.

 

The question is who buys us ?

 

I think U.S. Investors or a multi-club ownership group will come in and save us.

 

We need another Milan Mandaric.

[FoxesWalk]

43 minutes ago, Vindaloo FOX said:

Agree we will be fine i feel,

 

I think Top is running us into administration though and at some point he will be forced to sell up.

 

The question is who buys us ?

 

I think U.S. Investors or a multi-club ownership group will come in and save us.

 

We need another Milan Mandaric.

Enter stage left… Mike Ashley 

 

Excited to get down the Sports Direct Arena for Leicester vs Bromley? 

[Gamble92]

9 minutes ago, FoxesWalk said:

Enter stage left… Mike Ashley 

 

Excited to get down the Sports Direct Arena for Leicester vs Bromley? 

If it means we still have a club 

[Le Renard]

11 hours ago, CL Fox said:

We're blaming Brendan Rodgers who left over 3 years ago for the state of the club. We honestly have the thickest fanbase going.

People aren't solely blaming Rodgers, it was the start of it.  His buys with Lee Congerton were utter dog sh*te, he was also responsible for convincing the clowns upstairs that we needed to stop being a selling club.  Hence, one of the reasons why were in this financial mess, players weren't allowed their moves and decided to run down their contracts.  So instead of labelling people thick (I suspect you're in that camp), why don't you come up with a counterargument?

[CL Fox]

7 minutes ago, Le Renard said:

People aren't solely blaming Rodgers, it was the start of it.  His buys with Lee Congerton were utter dog sh*te, he was also responsible for convincing the clowns upstairs that we needed to stop being a selling club.  Hence, one of the reasons why were in this financial mess, players weren't allowed their moves and decided to run down their contracts.  So instead of labelling people thick (I suspect you're in that camp), why don't you come up with a counterargument?

It happened over three years ago, if there was a competent football director or some accountability we could have seen it through. See many other Premier league clubs who held onto a manager for too long and signed crap players - this sort of scenario happens at every club (Villa, Forest, Everton, Leeds). And some of what youve written isn't true, Rudkin said in 22/23 he'd make the club 100m in sales and then didn't hence why they'd lined up Colwill and Johnson.

Edited 12 April by CL Fox

[MC Prussian]

4 hours ago, Dan said:

You had me until this.

Well, if I don't mention it, some people could come to the conclusion that I might be encouraging violence. Just had to point that out.

 

Up until now, the players live in a cuckoo land, in a parallel universe, they don't live an ordinary life and obviously have no clue what earning a living actually means.

They need a dose of reality.