Relegation, League 1, financial implications

[Terraloon]

1 hour ago, Globalfox said:

Yes it may be a percentage as per the books the bit we do not know is actual dates or amounts. I have my own doubts but he was emphatic about it. Be sure if later it turns out not to be true I will be the first to call him out.

You are right we simply don’t know but I find the wording in the registered charge  in January 26 does suggest to me that there almost certainly would have been some level of draw down  of the 26/27 monies 

[Babylon]

50 minutes ago, Chrysalis said:

They just should do a one big hit on the upcoming year accounts, clear it all in one year.
Aggressive reduction of salaries and player sales, if not achieved due to no taker sor players refusing, pay the contracts off and just get them out the club.
Recruit players from that point forward on proper affordable wage structure, with high earners out of club it gets rid of discontent with wage inequality.

A big PSR hit in one year imo is less point deduction than smaller ones in consecutive years.  Also less bad PR.

The clowns should have taken that hit when we got promoted. Should have banked the money, taken the hit and started the championship in a better position. 

[Paninistickers]

8 hours ago, SafewayFox said:

In really simple terms, with Top being a stubborn moron and not selling/looking for investors.

 

Is there a way that we actually survive financially?

I don't think so. 

 

Back of fag packet maths i reckon the idiot needs to invest 20m-30m this season from his own pocket and around 40m following season. And he ain't got it. Nor seeks it. 

[desertfox2]

On 21/04/2026 at 21:11, Filberts lovechild said:

My mate who’s fairly in the know at Forest says rumours are they are looking at buying our training ground

Imagine that, if we sold Seagrave to Forest.... sickening. The thing is we have borrowed heavily at high interest rates against future income to the point where there isn't seemingly anything left to borrow against. We owe a lot of money for transfer fee instalments. The owner said yesterday he would "try" to keep funding the club. Our player values will have dropped massively, so we don't have much hope of big transfer fees. Even the stadium is in a seperate company. If it was any other business the board would be looking at selling assets so there could be something in this. If Marinakis came in and put 100m + on the table for Seagrave are they in a position to say no? The interest costs alone in the last accounts were around 9m for the year. That's more than most league one clubs wage bills just in interest payments. 

[SafewayFox]

Another silly question but can we not sell Seagrave to King Power?

 

Chelsea did it, haven’t a couple of other PL clubs also done something similar?

[jonthefox]

2 minutes ago, SafewayFox said:

Another silly question but can we not sell Seagrave to King Power?

 

Chelsea did it, haven’t a couple of other PL clubs also done something similar?

King Power are skint. That's the main problem 

[desertfox2]

4 minutes ago, SafewayFox said:

Another silly question but can we not sell Seagrave to King Power?

 

Chelsea did it, haven’t a couple of other PL clubs also done something similar?

Top isn't running King Power. He has been forced aside. The days of King Power bailing us out appear to be gone. They have someone in now to try and clear up their mess. Getting him to sign off on 100m plus for Seagrave isn't gonna happen even if the money is there, which it probably isn't. He's in there to be financially responsible. 

Edited 22 April by desertfox2
Kp

[SafewayFox]

5 hours ago, jonthefox said:

King Power are skint. That's the main problem 

I should have probably said that I know they don’t have the money that they once did but hasn’t it -

 

1) Reports that there has been a pretty big turnaround with their finances, largely to do with the Chinese tourism going back to pre-COVID numbers.

 

2) Weren’t there rumours about some outside investment not that long ago?

 

 

Edited 23 April by SafewayFox

[Globalfox]

1 hour ago, Babylon said:

The clowns should have taken that hit when we got promoted. Should have banked the money, taken the hit and started the championship in a better position. 

At last weeks FCC I asked that the club could as they publish each accounts publish a simple statement reflecting the key points, debt, earnings, cost, losses, loans etc. My Herlihy did promise to look into this. Not holding my breath.

[sharpylcfc]

On 21/04/2026 at 18:11, Filberts lovechild said:

My mate who’s fairly in the know at Forest says rumours are they are looking at buying our training ground

Not a chance, can't see that happening at all. 

[Chrysalis]

Well looks like the question over the Macquire loan is settled.

Only 2 million of next season parachute payments havent been spent.

So as some of us expected, credit card maxed out on the leverage.

[Chrysalis]

1 hour ago, desertfox2 said:

Imagine that, if we sold Seagrave to Forest.... sickening. The thing is we have borrowed heavily at high interest rates against future income to the point where there isn't seemingly anything left to borrow against. We owe a lot of money for transfer fee instalments. The owner said yesterday he would "try" to keep funding the club. Our player values will have dropped massively, so we don't have much hope of big transfer fees. Even the stadium is in a seperate company. If it was any other business the board would be looking at selling assets so there could be something in this. If Marinakis came in and put 100m + on the table for Seagrave are they in a position to say no? The interest costs alone in the last accounts were around 9m for the year. That's more than most league one clubs wage bills just in interest payments. 

Another football club wont buy it, its not that much of a footballing asset.  Best bet is finding a property developer or lobby to get HS2 routed through it for a jackpot pay day.

Edited 22 April by Chrysalis

[fox_favourite]

4 minutes ago, Chrysalis said:

Well looks like the question over the Macquire loan is settled.

Only 2 million of next season parachute payments havent been spent.

So as some of us expected, credit card maxed out on the leverage.

Klarna it is then 

[Chrysalis]

1 minute ago, fox_favourite said:

Klarna it is then 

Maybe we can get them fighting with Clearpay for our business and get a good deal.

Edited 22 April by Chrysalis

[desertfox2]

5 minutes ago, Chrysalis said:

Well looks like the question over the Macquire loan is settled.

Only 2 million of next season parachute payments havent been spent.

So as some of us expected, credit card maxed out on the leverage.

Credit card maxed out. Job lost and new job has a quarter of the salary.....  

[Terraloon]

7 minutes ago, Chrysalis said:

Well looks like the question over the Macquire loan is settled.

Only 2 million of next season parachute payments havent been spent.

So as some of us expected, credit card maxed out on the leverage.

Where’s this info come from ?
 

The last I read was the suggestion that the 26/27 parachute payment had probably been spent and that all that there was look forward to was the £2 m EFL 1 distribution

[desertfox2]

5 minutes ago, Chrysalis said:

Another football club wont buy it, its not that much of a footballing asset.  Best bet is finding a property developer.

The golf course should be the first thing to go. That's just an obscene waste of money

[Chrysalis]

2 minutes ago, Terraloon said:

Where’s this info come from ?
 

The last I read was the suggestion that the 26/27 parachute payment had probably been spent and that all that there was look forward to was the £2 m EFL 1 distribution

Kieran Maguire tweet made today.
 

 

Edited 22 April by Chrysalis

[GraceRoader]

1 hour ago, desertfox2 said:

Imagine that, if we sold Seagrave to Forest.... sickening. The thing is we have borrowed heavily at high interest rates against future income to the point where there isn't seemingly anything left to borrow against. We owe a lot of money for transfer fee instalments. The owner said yesterday he would "try" to keep funding the club. Our player values will have dropped massively, so we don't have much hope of big transfer fees. Even the stadium is in a seperate company. If it was any other business the board would be looking at selling assets so there could be something in this. If Marinakis came in and put 100m + on the table for Seagrave are they in a position to say no? The interest costs alone in the last accounts were around 9m for the year. That's more than most league one clubs wage bills just in interest payments. 

If King Power can't/won't put the required finance in we are in admin. Everything sellable will be sold for what the admins can get. Unless I've not thought of something, the only possible buyer of Seagrave is Forest. Marinakis will be fully aware of this. If the above happens he will be able to name his price. 100m is definitely not happening I'm afraid.

[Terraloon]

1 minute ago, Chrysalis said:

Kieran Maguire tweet made today.

Sorry miss read you earlier post.

 

Not sure he knows for sure . Like most of us he is assuming that the 26/27 monies have been spent but as we debated earlier we simply, nor does he, know for sure

[Chrysalis]

3 minutes ago, desertfox2 said:

The golf course should be the first thing to go. That's just an obscene waste of money

I think its salvageable if its streamlined yeah, get rid of at least half of the pitches and the golf course, and it starts to look a bit more sensible.

[Chrysalis]

Just now, Terraloon said:

Sorry miss read you earlier post.

 

Not sure he knows for sure . Like most of us he is assuming that the 26/27 monies have been spent but as we debated earlier we simply, nor does he, know for sure

I think I may have misinterpreted his post actually, II read it quickly as we only have 2m unspent, but its actually we just have 2m EFL tv money to come and we cashed it out, it is possible some of that cash is still in the bank.  I will speculate most of it isnt though, I guess we find out in April.

[Paninistickers]

6 minutes ago, GraceRoader said:

If King Power can't/won't put the required finance in we are in admin. Everything sellable will be sold for what the admins can get. Unless I've not thought of something, the only possible buyer of Seagrave is Forest. Marinakis will be fully aware of this. If the above happens he will be able to name his price. 100m is definitely not happening I'm afraid.

The problem for administrators is, it's unclear (and I think unlikely) that city own seagrave. I think,.for technical reasons, the own only a small share of it.

 

The brief research I did suggested that 'KP Holdings' (or similar) own it, who in turn are financed by something in Grand Cayman (or similar) 

 

Or similar= I'm not a details man

 

 

[SheppyFox]

There’ll always be someone that wants to buy out the mighty Leicester City. Don’t get caught up in all the drama and fear-mongering. 

[splinterdream]