Leicester City finances 2024/25 - Swiss Ramble

[Spudulike]

https://swissramble.substack.com/p/leicester-city-finances-202425

 

[ClaphamFox]

15 minutes ago, Spudulike said:

https://swissramble.substack.com/p/leicester-city-finances-202425

 

The stuff available for free is interesting enough but there's little new there. Does anybody have access to the rest of it?

[Stadt]

He's just doing this for clicks 

[Les-TA-Jon]

22 minutes ago, Stadt said:

He's just doing this for clicks 

News just in, writer writes something so people read his writing

[coolhandfox]

Anyone who reads it and isn't concerned needs to give their head a wobble. 

[davieG]

Not read it, not worried, in Top I trust 

 

[Big_Nige]

1 hour ago, ClaphamFox said:

The stuff available for free is interesting enough but there's little new there. Does anybody have access to the rest of it?

There’s nothing groundbreaking or anything we didn’t already know. All the analysis is based on the accounts for 24/25 with some educated guesses as to what the reality is like today. 

7 consecutive years of losses totalling £393 million. The last 4 of those was a cumulative £272m. In English football only Chelsea, Villa and Spurs made bigger losses

 

The rest of the article breaks it down, but it all boils down to high wages to turnover, high player expenditure, lack of big player sales, losing assets for free, low commercial revenue and a reliance on Macquarie for cashflow. 
 

All very grim, but nothing we don’t unfortunately know
 

 

 

[The Year Of The Fox]

7 minutes ago, Big_Nige said:

There’s nothing groundbreaking or anything we didn’t already know. All the analysis is based on the accounts for 24/25 with some educated guesses as to what the reality is like today. 

7 consecutive years of losses totalling £393 million. The last 4 of those was a cumulative £272m. In English football only Chelsea, Villa and Spurs made bigger losses

 

The rest of the article breaks it down, but it all boils down to high wages to turnover, high player expenditure, lack of big player sales, losing assets for free, low commercial revenue and a reliance on Macquarie for cashflow. 
 

All very grim, but nothing we don’t unfortunately know
 

 

 

Presumably over the same 4 years?

[Big_Nige]

4 minutes ago, The Year Of The Fox said:

Presumably over the same 4 years?

Yes. Between accounting years 2021/2022 & 2024/2025

[The Year Of The Fox]

Has anyone run this through Linda yet?

[STUHILL]

46 minutes ago, coolhandfox said:

Anyone who reads it and isn't concerned needs to give their head a wobble. 

I am just so used to it at this point, it barely registers anymore

 

Selling the club is our only chance of survival long-term, so I pray for that and try to ignore the scary numbers.

[coolhandfox]

1 minute ago, STUHILL said:

I am just so used to it at this point, it barely registers anymore

 

Selling the club is our only chance of survival long-term, so I pray for that and try to ignore the scary numbers.

I know what you mean, you get a bit numb to it.

 

I was talking more to fans in denial. 

Edited 5 hours ago by coolhandfox

[Spudulike]

Only read the first part as I don't subscribe. Probably for the best 

[Cincinnati Fox]

To summarise…. Top is clueless and the club is financially ****ed

[Footballwipe]

Assume he says Top should ask for £530m when looking to sell the club? If he doesn't does the man even know football finance?

[AyewJoking]

33 minutes ago, The Year Of The Fox said:

Has anyone run this through Linda yet?

[RonnieTodger]

Why are these balance sheets always so negative!! 🦊 💙 

[Corky]

Another one just trying to put the club down! Like Union FS!

[1972 Fox]

1 hour ago, The Year Of The Fox said:

Has anyone run this through Linda yet?

TBH I'd prefer it if you went through Linda.

[The Year Of The Fox]

2 hours ago, 1972 Fox said:

TBH I'd prefer it if you went through Linda.

You couldn’t pay me what LCFC owe 

[Globalfox]

5 hours ago, ClaphamFox said:

The stuff available for free is interesting enough but there's little new there. Does anybody have access to the rest of it?

I have a subscription and there is nothing in this that you cannot glean from reading the published accounts. I know he also ask questions directly to the Director of Communications so he only gets the party line nothing juicy.

[Stadt]

6 hours ago, Les-TA-Jon said:

News just in, writer writes something so people read his writing

I was being flippant 

[Chrysalis]

The man child 

 

Quote

Most worryingly, Top still seems confused about what went wrong, “If you ask me about that time, I still do not understand why we go down. I have no idea. I think the main problem was we had no experience of a relegation fight.”