Lamps
Well-Known Member
Don't tou think they're having enough of a shite time as it is
Don't tou think they're having enough of a shite time as it isSomeone please post it on the Incester forum
Leicester 'face £70m black hole' after disastrous spending gamble
Leicester City have enjoyed the good times, now they are going to have to endure the bad - and there are signs they have not hit rock bottom.www.bbc.co.uk
Someone needs to plug their phone in.View attachment 51010
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Consider it doneSomeone please post it on the Incester forum
See I don’t want them to go bust which is a potential given they have no future incomings.Just read that, what a thoroughly enjoyable read
Well done BBC. It's only taken you a year to catch up with general knowledge that they're fookedLeicester 'face £70m black hole' after disastrous spending gamble
Leicester City have enjoyed the good times, now they are going to have to endure the bad - and there are signs they have not hit rock bottom.www.bbc.co.uk
Or do like we did and have Yeovil at home when you have an easy game against Yeovil when chasing a playoff place and lose 2-6.See I don’t want them to go bust which is a potential given they have no future incomings.
I want them to drop into league two, and have the fans watch them getting beat 1-0 on a November Tuesday night at the king power against York City, having to watch them get beat my some national league north side in the 1st round of the FA Cup, and Forest U21s in the checkatrade.
watching them flounder in the lowest league with the little hope that they may one day return to the championship whilst watching not Harry Winks but some random 35 year old who was a stalwart at Northampton town just not give a crap.
that’s the ideal scenario for me
I don't get the gloating about another clubs issues - its all just a bit pathetic to me
Yer but this is Leicester G.
Finance expert on radio this morning said they still owe £81m in unpaid transfer fees
How long do they get to pay that lot off and if they don't more points deduction coming.
It used to be Walsall, Notts County when we were in their league and next season it'll be Villa + whoever gets the most dodgy penalties. It's just football!We are obsessed with them, Birmingham, Ipswich, Wrexham, Southampton
Its all a bit tinpot to me
I don't get the gloating about another clubs issues - its all just a bit pathetic to me
2bf - I genuinely do have concern over the financial issues, watching them drop down the leagues however amuses me. I have a few friends who Are Leicester fans and the shit I’ve had over the last 10 or so years have been annoying. I have Arsenal supporting friends aswell - that’s just as funI don't get the gloating about another clubs issues - its all just a bit pathetic to me
Not this time.They're the sort of club that would probably find it relatively easy to find a buyer.
At some point they'll enter administration and come out of it with a new owner. They're highly unlikely to cease to exist.Not this time.
Some time ago Top had to.put a lot of money into Leicester. This is a loan. It's similar to what Chansiri did with Sheffield Wednesday. If it's administration next they get hit with a 15 point deduction for next season. If the offer that comes in for Leicester isn't sufficient they would get hit with another big points reduction. If they don't pay all football debts they get hit with another points deduction.
Sheffield Wednesday are having their points deductions spread over 2 seasons. Leicester would get theirs over 1 season. On top of that they would need a large amount of money just to keep going. L1 rules are they can only use 60% of any money gifted to a club for squad expenses. So this puts another 40% on top of what is needed just to keep going.
So someone would have to put a big 9 figure number in just to take over a club getting hit with a big points deduction in L1. Then you have to add to this the purchase price.
If this wasn't enough their ground and also training ground are held in different companies. The training ground costs them between 15m and 20m a year to run. This is paid by the football club. A sale of the training ground wouldn't be easy as there are restrictions that can happen to the land. If a club like Forest came along they wouldn't offer much as it would be a distressed sale. Forest aren't doing that well in the Prem either.
So that's administration.
Macquirie bank are owed countless millions. How much do they owe to the taxman? Either of them could go down the road of liquidation if no owner with less sense than money comes along.
We were in a bad place with SISU but they paid the bills and had nothing to put debts against. Top has been kicking the can down the road for years now and it looks like they've hit the end of the road.
Would any sane person put a 9 figure sum into a L2 side that looks like becoming a L2 side?
Do you know the situation with Macquirie bank or the taxman?At some point they'll enter administration and come out of it with a new owner. They're highly unlikely to cease to exist.
It's not gloating, it's karma, I should know i worked amongst them for 30 years, some of them are spiteful twats.
Do you know the situation with Macquirie bank or the taxman?
It's nice to know you're so sure of their future when most of their own supporters are shitting themselves and are now talking about rising from the ashes.
One thing we do know is your knowledge of football finances is very limited. There is zero chance they will go into liquidation
I also hope they don't go into admin, just a long slow decline with the same owner. With administration like Derby they could be straight back up in a couple of yearsSee I don’t want them to go bust which is a potential given they have no future incomings.
I want them to drop into league two, and have the fans watch them getting beat 1-0 on a November Tuesday night at the king power against York City, having to watch them get beat my some national league north side in the 1st round of the FA Cup, and Forest U21s in the checkatrade.
watching them flounder in the lowest league with the little hope that they may one day return to the championship whilst watching not Harry Winks but some random 35 year old who was a stalwart at Northampton town just not give a crap.
that’s the ideal scenario for me
The Analysis Series: Leicester City’s fall from grace
Financial and strategic analysis of Leicester City Football Club and the King Power International Group The financial evolution of Leicester City Football Club Limited across 2024/25 and 2025/26 c…theesk.org
View attachment 51080
Isn't it great how you always know more than the experts then disappear for a few days when you see the truth.
Cheating wankers that thought they were invincible and nobody would ever say they were wrong, I hope they rot away mate. Also they absolutely hate usI don't get the gloating about another clubs issues - its all just a bit pathetic to me
Can't see anything but administration at this moment. I take it you did mean liquidation.I also hope they don't go into admin, just a long slow decline with the same owner. With administration like Derby they could be straight back up in a couple of years
Can't see a club like Leicester liquidated, it rarely happens to a club that size, never say never though as Bury found outCan't see anything but administration at this moment. I take it you did mean liquidation.
Those who would be in charge are Macquarie bank and the taxman. Next in line would be someone with more sense than money. They would need a massive amount of money for a side heading for L2 at best.
It sits in a different 'company' but they still have to pay for the upkeep. It's said to cost between 15m and 20m a year to run.They also have a white elephant of a training ground to maintain, heard stories of anything between 15m and 30m a year, not sure who actually owns it though
I have 2 brothers that are Leicester supporters. One of them told me that they need about 200m just to cover for next season where they are now.Can't see a club like Leicester liquidated, it rarely happens to a club that size, never say never though as Bury found out
Yes, I do, thanks. They’re likely in for a difficult couple of years but they won’t disappear.Do you know the situation with Macquirie bank or the taxman?
It's nice to know you're so sure of their future when most of their own supporters are shitting themselves and are now talking about rising from the ashes.
Can't see anything but administration at this moment. I take it you did mean liquidation.
Those who would be in charge are Macquarie bank and the taxman. Next in line would be someone with more sense than money. They would need a massive amount of money for a side heading for L2 at best.
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