Leicester points deduction (14 Viewers)

[Mcbean]

We had 60 m debt at some point

 

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[Robinshio]

Let’s just hope another points deduction to seal relegation

 

[The Reverend Skyblue]

I am 100% sure, none of us want Cov to ever put our club at risk again, by losing 71 million in one season in the Premier League, how Leicester allowed that to happen is appalling.
I’d rather us have one season above, make a small profit after investing a lot in the clubs infrastructure, and a few decent players, than go through the same s**t we went through with SISU
Never ever again do I want my club playing in bloody Northampton or Brum ever again or put the club at risk of admin.
Do it sensibly Doug, don’t run up a debt anywhere near this, we can’t go through that horror administration show, and heartache, ever again

 

[JohnWH]

I don't know enough about "taxes" or "the rules", but surely AI and Crypto can somehow acts as a get out of jail free card? Right? Or get rixh now? Can't clubs just mint their own meme coins for free and rake in cash to cover expenditures? Asking for a wealthy, immoral friend.

 

[Gynnsthetonic]

Let’s just hope another points deduction to seal relegation

Probably won't happen this season but next season in L1, they're fucked for a long time whatever happens. Theyll end up like Sheff Wed

 

[wingy]

I don't know enough about "taxes" or "the rules", but surely AI and Crypto can somehow acts as a get out of jail free card? Right? Or get rixh now? Can't clubs just mint their own meme coins for free and rake in cash to cover expenditures? Asking for a wealthy, immoral friend.

U mean like over the pond?

 

[Para1140]

Probably won't happen this season but next season in L1, they're fucked for a long time whatever happens. Theyll end up like Sheff Wed

 

[fernandopartridge]

Probably won't happen this season but next season in L1, they're fucked for a long time whatever happens. Theyll end up like Sheff Wed

In fairness to them they've got a solid asset base so they'll be fine I did l should think. They're a significantly more attractive takeover proposition than Sheffield Wednesday.

 

[HuckerbyDublinWhelan]

In fairness to them they've got a solid asset base so they'll be fine I did l should think. They're a significantly more attractive takeover proposition than Sheffield Wednesday.

Isn’t a load of their debt to king power in the grand scheme of things? Effectively paper debt

 

[Otis]

In fairness to them they've got a solid asset base so they'll be fine I did l should think. They're a significantly more attractive takeover proposition than Sheffield Wednesday.

Hillsborough is in a poor state too isn't it and needs a major refurb.

 

[fernandopartridge]

Hillsborough is in a poor state too inst it and needs a major refurb.

Yes it's a liability really rather than an asset

 

[fernandopartridge]

Isn’t a load of their debt to king power in the grand scheme of things? Effectively paper debt

They owe Macquarie bank a good few quid now, can't remember how much off the top of my head

 

[Sky Blue Goblin]

We had 60 m debt at some point

Don’t we currently have a 50 million pound mortgage on our books and a directors loan of 30 million?

 

[Gynnsthetonic]

In fairness to them they've got a solid asset base so they'll be fine I did l should think. They're a significantly more attractive takeover proposition than Sheffield Wednesday.

Their training ground alone costs £20m a year to run. how does an L1 club run that especially as they've spunked their parachute money away.

 

[Lamps]

In fairness to them they've got a solid asset base so they'll be fine I did l should think. They're a significantly more attractive takeover proposition than Sheffield Wednesday.

The problem is nobody knows what is owned by who. Even their own supporters don't know but fear the worse.

 

[Brylowes]

Yes it's a liability really rather than an asset

The Leppings lane stand is bloody awful & tbh I can’t understand how it’s still standing after what happened there.