Let's All Laugh At... Let's all laugh at Leicester City
- Thread starter VertongHen
- Start date
UncleBuck
Well-Known Member
- Aug 20, 2003
- 9,263
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Indeed it does….
rossdapep
Well-Known Member
- Aug 25, 2011
- 22,154
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I do find it quite bemusing that so many are asking 'what went wrong for Leicester to go from PL winners to relegation in 7 years?"
Surely, it's quite easy to understand that just because they won the PL title in 2016 it doesn't escape the fact that they are a very limited football club and have never been a PL regular.
They had been out of the PL for a good number of years prior to 2014 and have always been up and down, never really cementing themselves as a regular like Sunderland or Palace.
The PL win has led to their longest period but they would face relegation eventually.
It's ironic because I actually think behaving like a bigger club has actually sped up their decline. They clearly spent too much and much more than they were bringing in. They also redeveloped their training centre, although that on it's own is a good thing.
But they were clearly way overspending and living beyond their means. Rodgers played his part in that as he acts like a big-time boss and wanted recruitment in line with that.
I think all of these clubs Brighton, Leicester, Southampton have a time limit on how long they spend in the big time because ultimately they just don't have the outreach and fanbase to rely on to be able to draw in enough to spend on salaries.
The minute they try to keep up with the bigger boys, it goes awry.
Brighton are a little different in the sense that it's their set-up that is driving them, but there will come a point when they struggle to stay ahead and they too will fall away.
For clubs like Tottenham, that fall away is mid-table, for Leicester it's back to tier 2 or even 3.
Surely, it's quite easy to understand that just because they won the PL title in 2016 it doesn't escape the fact that they are a very limited football club and have never been a PL regular.
They had been out of the PL for a good number of years prior to 2014 and have always been up and down, never really cementing themselves as a regular like Sunderland or Palace.
The PL win has led to their longest period but they would face relegation eventually.
It's ironic because I actually think behaving like a bigger club has actually sped up their decline. They clearly spent too much and much more than they were bringing in. They also redeveloped their training centre, although that on it's own is a good thing.
But they were clearly way overspending and living beyond their means. Rodgers played his part in that as he acts like a big-time boss and wanted recruitment in line with that.
I think all of these clubs Brighton, Leicester, Southampton have a time limit on how long they spend in the big time because ultimately they just don't have the outreach and fanbase to rely on to be able to draw in enough to spend on salaries.
The minute they try to keep up with the bigger boys, it goes awry.
Brighton are a little different in the sense that it's their set-up that is driving them, but there will come a point when they struggle to stay ahead and they too will fall away.
For clubs like Tottenham, that fall away is mid-table, for Leicester it's back to tier 2 or even 3.
SirHarryHotspur
Well-Known Member
- Aug 9, 2017
- 5,157
- 7,699
Happy to see them go down , another club that cannot support itself on it's own revenue and has to rely on wealthy owners side stepping FFP rules with drip fed loans over the last decade, now written off.
www.skysports.com
Leicester City's £194m debt written off by King Power | 'Shows commitment after criticism'
Leicester Citys owners have written off £194m that theyd loaned to the football club over the last 10 years; there is now no debt to Leicesters owners; it shows King Power are in it at Leicester for the long haul, and it shows the club is, financially, in very rude health
I am not the cleverest but how does that show Leicester are in "rude health" when they survive on Directors Loans and can't pay their way through footballing income ?Happy to see them go down , another club that cannot support itself on it's own revenue and has to rely on wealthy owners side stepping FFP rules with drip fed loans over the last decade, now written off.
Leicester City's £194m debt written off by King Power | 'Shows commitment after criticism'
Leicester Citys owners have written off £194m that theyd loaned to the football club over the last 10 years; there is now no debt to Leicesters owners; it shows King Power are in it at Leicester for the long haul, and it shows the club is, financially, in very rude health
SirHarryHotspur
Well-Known Member
- Aug 9, 2017
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I don't get it either.
nailsy
SC Supporter
- Jul 24, 2005
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I'm not sure about that in his case. If you listen to his interviews he's one of the very few players who will give an interesting and thoughtful reply rather than just the stock club trained answer.
SirHarryHotspur
Well-Known Member
- Aug 9, 2017
- 5,157
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Racing at Leicester today , we have the Leicester City FC EBF Restricted Novice Stakes
and at 4.48 the King Power Handicap , Striking Star a runner , shame Leicester didn't have one.
and at 4.48 the King Power Handicap , Striking Star a runner , shame Leicester didn't have one.
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Drink!Drink!
Well-Known Member
- Oct 10, 2014
- 1,362
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Cheerio….and ah bless! the darling small town cock wombles and wank puffins and their imaginary rivalry with us. We will try to not forget about you….try.
TheChosenOne
A dislike or neg rep = fat fingers
- Dec 13, 2005
- 48,107
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From the Leicester Mercury recently :
Without Premier League TV money, City’s income could drop by two-thirds, and so immediately the club would have to reduce their wage bill and generate cash through player sales. The latter should not be an issue, with players like James Maddison and Harvey Barnes under contract and valuable in the market.
But cutting wages may be tough. City spent £182million on staff wages in 2021-22, the most recent accounts available show, which ranked as the seventh-highest figure in the Premier League. Problems will arise if City do not have relegation reduction clauses set into players’ contracts, and if they then struggle to find buyers in the transfer window.
Maguire told LeicestershireLive: “There are two issues. First of all, have they got players they can sell? There’s a Maddison-shaped solution to Leicester’s financial issues, in my view.
“Secondly, do they have relegation clauses in contracts? They’re usually in the region of 20 to 25 per cent (wage reductions) for clubs at the bottom of the Premier League.
“Some of that will be automatic. But the pool they’ve been fishing in in recent years is such that they would struggle to get relegation clauses, because they’re constantly saying they want to get into European places and such.
“Their income, it was £215m in 2022, realistically, they’d be looking at around £130m to £140m decrease. So it will be brutal. The income’s going to go down by two-thirds. It will certainly be very challenging. There will have to be severe cutbacks."
Without Premier League TV money, City’s income could drop by two-thirds, and so immediately the club would have to reduce their wage bill and generate cash through player sales. The latter should not be an issue, with players like James Maddison and Harvey Barnes under contract and valuable in the market.
But cutting wages may be tough. City spent £182million on staff wages in 2021-22, the most recent accounts available show, which ranked as the seventh-highest figure in the Premier League. Problems will arise if City do not have relegation reduction clauses set into players’ contracts, and if they then struggle to find buyers in the transfer window.
Maguire told LeicestershireLive: “There are two issues. First of all, have they got players they can sell? There’s a Maddison-shaped solution to Leicester’s financial issues, in my view.
“Secondly, do they have relegation clauses in contracts? They’re usually in the region of 20 to 25 per cent (wage reductions) for clubs at the bottom of the Premier League.
“Some of that will be automatic. But the pool they’ve been fishing in in recent years is such that they would struggle to get relegation clauses, because they’re constantly saying they want to get into European places and such.
“Their income, it was £215m in 2022, realistically, they’d be looking at around £130m to £140m decrease. So it will be brutal. The income’s going to go down by two-thirds. It will certainly be very challenging. There will have to be severe cutbacks."
SirHarryHotspur
Well-Known Member
- Aug 9, 2017
- 5,157
- 7,699
Wonder what the renewal rate will be...
www.lcfc.com
PS On the bonus side ST holders get 4 more games
Season Tickets: Prices Frozen For 2023/24 & On Sale From 26 May
Leicester City Season Tickets renewals for the 2023/24 campaign will open on Friday 26 May, with prices frozen in all General Admission areas.
www.lcfc.com
PS On the bonus side ST holders get 4 more games
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dontcallme
SC Supporter
- Mar 18, 2005
- 34,315
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Leicester City Contracts
Leicester City (LC) player contracts, salary cap, salaries, cap figures, and transactions - updated daily.
Lot of players out of contract plus the likes of Maddison, Ndidi, Praet and Iheanacho have 1 year left.
They've got enough quality players to get the required interest for funds. But if they can replace well enough to come back up is debateable.
sundanceyid10
Well-Known Member
- Aug 22, 2013
- 3,379
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are we going to move for Maddison, I feel like we should have gone in for him way back, but now seems a good time and we could certainly use a bit more ingenuity in the midfield.
Marty
Audere est farce
- Mar 10, 2005
- 40,176
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Newcastle probably
Dirty Ewok
Well-Known Member
- Aug 29, 2012
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Last i saw several teams were expected to go after him but Newcastle was expected to be the front runner. Thinking was that he would probably step directly into their starting lineup plus they have Champions League and can afford to pay large wages.
TheChosenOne
A dislike or neg rep = fat fingers
- Dec 13, 2005
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- 50,110
Newcastle have FFP problems and are doing a workaround including paying off FUN888 shirt sponsor snd getting new increased sponsors so it may be a while, I saw somewhere that for £80 mill wages they need £100 mill of ‘legit’ income
I thought FFP was over a 3 year rolling period and Newcastle spent absolutely nothing under Ashley and therefore have quite a bit of room to manoeuvre
