Leicester At It Yet Again! (5 Viewers)

[Brighton Sky Blue]

no idea but their loan was supposed to be paid on relegation and wiped out their parachute payments

While it looks like Lesta have been doing this for a long time, if it's happening in conjunction with salaries being paid late then it points to a genuine shortage of funds rather than standard business practice.

 

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[Lamps]

It shows there are serious cashflow problems. The Australian bank lending all this money must be making a fortune, but it leaves Lesta just getting what are effectively stays of execution.

It also raises the question over whether their owner actually has any more funds of his own to inject.

King Power took a massive hit with Covid as their biggest earner was the duty free shops in Thailand. They relied heavily on Chi ese tourism which still haven't returned in numbers. They had to rearrange how the company was run and now have to share their profits because of the agreements to keep going. This is why the loans really took off from Macquirie Bank.

Money has been put into the club since, but with the amount of money they've been losing its been more like just to keep them going. They are well and truly fooked.

 

[Flying Fokker]

While it looks like Lesta have been doing this for a long time, if it's happening in conjunction with salaries being paid late then it points to a genuine shortage of funds rather than standard business practice.

Talk of Administration this season (Preferred option for the fans as they think they will drop anyway).

 

[Gleneagles65]

8 seasons ago we were 3 leagues lower than the cheats. If someone had forecast within 8 years we’d be 2 leagues higher with higher attendances they’d have been sectioned.

 

[Brighton Sky Blue]

Talk of Administration this season (Preferred option for the fans as they think they will drop anyway).

Don't see it happening this season, if relegated however...

 

[Lamps]

I knew about the transfer fees, but didn’t realise they’d leveraged all of their parachute payments.

You’d think parachute payments would be protected from that sort of agreement, considering the reason they’re delayed over several seasons is to guarantee income for clubs whilst they are rearranging their club to cope without premier league revenue.

At this point, it looks like administration is more a case of when and not if, relegation would just speed up their demise.

Relegation could mean worse than administration. They will be stuck with players on up to 80k a week next season that nobody will be willing to take on. They have a training ground that costs more to run than the total amount clubs in League One have to run a whole club. They will have to try and get in free signings if they are allowed to.

This season they started with loans that only had League One experience. They will be lucky to get the same next season. And if they don't get relegated they will be in trouble again because of the FFP rules as they are going to have a massive loss for this season alone.

 

[Grendel]

King Power took a massive hit with Covid as their biggest earner was the duty free shops in Thailand. They relied heavily on Chi ese tourism which still haven't returned in numbers. They had to rearrange how the company was run and now have to share their profits because of the agreements to keep going. This is why the loans really took off from Macquirie Bank.

Money has been put into the club since, but with the amount of money they've been losing been more like just to keep them going. They are well and truly fooked.

You have just copied and pasted that of an AI generated article

 

[Grendel]

Talk of Administration this season (Preferred option for the fans as they think they will drop anyway).

They want it as they want the owners gone.

 

[Gynnsthetonic]

I suspect that Burnley's operating costs were significantly less than Lesta's are at the moment.

Burnley got promoted, if Leicester drop to L1 they'd be bankrupt. Their revenue wouldn't cover the day to day running of the club. Massive player contracts, stadium and the huge training ground complex

 

[Lamps]

Burnley got promoted, if Leicester drop to L1 they'd be bankrupt. Their revenue wouldn't cover the day to day running of the club. Massive player contracts, stadium and the huge training ground complex

Staying in the Championship won't cover their costs. Going to League One would be a disaster.

 

[Lamps]

You have just copied and pasted that of an AI generated article

Sorry I missed this as I can't see the shite you come out with and clicked on another reply to you.

And if course you're wrong as always.

Edit

Just seen the letter missing in the word Chinese Does AI have fat fingers on a phone keyboard as well?

 

[eyesee]

Talk of Administration this season (Preferred option for the fans as they think they will drop anyway).

...they'll do anything to avoid paying their bills.
the dirty little bastards.

 

[Brighton Sky Blue]

Burnley got promoted, if Leicester drop to L1 they'd be bankrupt. Their revenue wouldn't cover the day to day running of the club. Massive player contracts, stadium and the huge training ground complex

Burnley weren't mortgaging their parachute payments as well were they?

 

[Grendel]

Burnley weren't mortgaging their parachute payments as well were they?

Yes they were - in fact it was worse -the loan was to be repaid in full if the club were relegated

 

[LarryGrayson]

They want it as they want the owners gone.

worked for us

 

[zuni]

Have they been in our league for 1 or 2 seasons, if they get relegated again do they lose the pp like luton?

 

[Brighton Sky Blue]

Have they been in our league for 1 or 2 seasons, if they get relegated again do they lose the pp like luton?

No and Luton didn’t lose them either.