Leicester points deduction (19 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 a 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.

 

[Hobo]

Leicester City report losses of £71.1m for 2024-25 relegation season

Leicester City report a pre-tax loss of £71.1m from their season back in the Premier League in 2024-25.

www.bbc.co.uk

The idea some fans have, that the Premier League brings huge financial rewards is a myth.

 

[HuckerbyDublinWhelan]

The idea some fans have, that the Premier League brings huge financial rewards is a myth.

It does if done right - you get into that group of clubs that worse case spends every other season in the prem and then top 6 of the championship.

 

[Hobo]

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

Except it was the terrace not the stand. But I take your point, the whole ground is delapidated.

 

[Covkid1968#]

Leicester City v Bromley is a mouth watering prospect. If we haven’t got a game and that does become a league 1 fixture then I might go and watch that spectacle. Leicester might become my new lower league team to follow. Pint after the game with the players, being able to hear the players talking to each other on the pitch… there are a lot of positives supporting the grass roots games way down the pyramid Foxes never quit !!!

 

[Bad Boy]

Leicester City v Bromley is a mouth watering prospect. If we haven’t got a game and that does become a league 1 fixture then I might go and watch that spectacle. Leicester might become my new lower league team to follow. Pint after the game with the players, being able to hear the players talking to each other on the pitch… there are a lot of positives supporting the grass roots games way down the pyramid Foxes never quit !!!

Like me my friend you live amongst these yampy fuckers.

 

[Covkid1968#]

Like me my friend you live amongst these yampy fuckers.

Unfortunately yes … still over here mate

 

[Kneeza]

Unfortunately yes … still over here mate

And me.
But haven't they gone quiet of late?

 

[Gynnsthetonic]

Leicester City v Bromley is a mouth watering prospect. If we haven’t got a game and that does become a league 1 fixture then I might go and watch that spectacle. Leicester might become my new lower league team to follow. Pint after the game with the players, being able to hear the players talking to each other on the pitch… there are a lot of positives supporting the grass roots games way down the pyramid Foxes never quit !!!

Will our U21s be playing their 1st team in the Checkatrade Trophy i wonder

 

[robbiethemole]

And me.
But haven't they gone quiet of late?

yep and all the King Power flags have disappeared too hahahhahahahahahahha

 

[Sky Blue Wozza]

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

I hadn’t been since in the LL end since 1997-1998, until this season (one of my best mates is a Wednesday fan and I’ve normally sat with him in the home fans when we’ve played them).
I don’t think it’s changed at all since then. It’s a horrible experience.

 

[Covkid1968#]

And me.
But haven't they gone quiet of late?

It’s one of the most enjoyable aspects to all this. I’m north Leics so lots of forest and derby hammering them as well. Such a shame

 

[Hobo]

It does if done right - you get into that group of clubs that worse case spends every other season in the prem and then top 6 of the championship.

The Prem brings in money but you have to spend most of it and you can still fail.

A lot of clubs come down with financial situations and points deductions.
Don't spend it and be a Luton.

It's a tight rope situation and you need a money bags owner like Nottingham Forest to supplement the Premier income.

It's easy to say be a yoyo club and build. But if my memory serves me correctly that was the spin most of us sold ourselves the last time we were relegated from the Premier League.

 

[Ricketts]

Costs a lot to get out of the Championship at the first time of asking.

There is a good chance that they will manage to.

 

[Bad Boy]

And me.
But haven't they gone quiet of late?

I hadn't really noticed tbh, let's face it anything they say is unintelligible, they're just a bunch of neanderthals.

 

[BerksSB]

The Prem brings in money but you have to spend most of it and you can still fail.

A lot of clubs come down with financial situations and points deductions.
Don't spend it and be a Luton.

It's a tight rope situation and you need a money bags owner like Nottingham Forest to supplement the Premier income.

It's easy to say be a yoyo club and build. But if my memory serves me correctly that was the spin most of us sold ourselves the last time we were relegated from the Premier League.

But parachute money wasn’t a thing then and to make the situation worse ITV Digital collapsed. We also had to sell significant players to clear our debt.

 

[Farmer Jim]

The idea some fans have, that the Premier League brings huge financial rewards is a myth.

The tv money is the big one, but that can very easily get swallowed up by the transfer fees / wages of having to sign new players of Premier League standard.

The first season back is the toughest, as it`s all about survival and nothing else.

Once the first season is out of the way, most newly promoted clubs tend to stabilise, unless your`re Norwich, who seem to just pocket the money and cross their fingers.

It`s a real double edged sword.

Do you spend big and end up with a load of over paid mercenaries who don`t care or do you do try and do it sensibly, with a blend of experience and youngsters, hoping that you`re in with a fighting chance of staying up, but the footy won`t necessarily be the most pleasing on the eye, which may not be what the fans want.

Sunderland got it exactly right this year, whether that was by design or default, who knows, but it worked. However you look at their squad this year, there`s hardly any players who are playing regularly from the team that got them promoted.

 

[Deity]

The idea some fans have, that the Premier League brings huge financial rewards is a myth.

The Premier league does bring in huge revenue, principally but not exclusively from the TV deal. That’s a fact not a myth.

The challenge is most of it leaves the clubs again in the form of player transfer fees, higher wage bill, and some infrastructure requirements.

 

[HuckerbyDublinWhelan]

The Prem brings in money but you have to spend most of it and you can still fail.

A lot of clubs come down with financial situations and points deductions.
Don't spend it and be a Luton.

It's a tight rope situation and you need a money bags owner like Nottingham Forest to supplement the Premier income.

It's easy to say be a yoyo club and build. But if my memory serves me correctly that was the spin most of us sold ourselves the last time we were relegated from the Premier League.

weirdly the best thing i think we can do - is do similar to Sunderland. trust our recruitment, and sell two of our stars whilst the iron is hot. Haji Wright and Rudoni would fetch 50m between them. you use that to supplement half of the TV money and you can spend pretty smartly.

I'm still in the mind that Doug will sell the club. I'm convinced we've got Nicola Ibbotson in for her contacts and the quicker he gets out he doesn't have to deal with the headache of the above.

Alternatively we could quickly pay off the mortgage on the CBS and that becomes officially ours.

 

[SBAndy]

weirdly the best thing i think we can do - is do similar to Sunderland. trust our recruitment, and sell two of our stars whilst the iron is hot. Haji Wright and Rudoni would fetch 50m between them. you use that to supplement half of the TV money and you can spend pretty smartly.

I'm still in the mind that Doug will sell the club. I'm convinced we've got Nicola Ibbotson in for her contacts and the quicker he gets out he doesn't have to deal with the headache of the above.

Alternatively we could quickly pay off the mortgage on the CBS and that becomes officially ours.

Rudoni would be a strange choice to move on, but I wouldn’t complain too much about Wright going (awaits ridicule). He’s 28 now, probably the last chance to get decent money for him and, whilst with current squad he would be in the mix, I just couldn’t see him as a starter in the PL on a consistent basis. However, you’d likely see too much churn from the current squad for that to be a realistic sale this year - more likely he’s kept as 2nd choice.