Some facts Rich, as you don't seem to have a clue.
Leicester City FC was the last club to get away without the points deduction
If we'd been deducted 10 points we'd still have finished second and been promoted.
but they still got a shiny new stadium the same year they went under
The stadium loan (£25M+) was taken on by the new owners. There seems to be this myth that we got a free stadium. It's complete bollocks.
, kept their best players and paid them Premiership wages
Actually, the club made every possible effort to get rid of as many players as possible.
Players such as Matt Elliott, Tim Flowers etc were made available on free transfers.
Rowett, Savage, Marshall and Piper were sold. Matt Piper didn't want to leave but was told the club would go bust if he didn't. An offer was accepted for Muzzy Izzet, but he refused to go to Middlesbrough.
The only players to sign were free agents who even played for free (Summerbee and McKinlay).
they still managed to pay Denis Wise £25k a week to get them out of the Championship
He didn't play a single game for us in the Championship. He was sacked before the season started. Many critics of the club at the time said it was only done to get him off the wage bill. Yet you think we were paying him £25k a week after we sacked him.
(thereby ****ing over other well run Football League clubs) and only paid their "non-football" debtors 5p in the pound.
Actually, most of the non football creditors (not debtors, FFS) ended up with nothing. I think the Inland revenue ended up with 10%.
These debtors included around 120 local businesses, of whom 29 went out of business. We're talking electricians, caterers, printers, cleaners, one-man bands, the corner shop, you name it. Non-playing staff redundancies were brutal,
You mean creditors. Again. Those figures look made up, as most of your other 'facts' have been. But if you can cite a reliable source I might believe it.
Some other facts you haven't taken into consideration:
The initial catalyst for Leicester going into administration was the failure of ITV digital. Their collapse earlier in the year meant clubs in the Football League had a much reduced income that season, and most had budgeted for receiving money they wouldn't get. This led to a temporary slump in the transfer market - and a lot of clubs, not just Leicester, ended up going into administration as a result.
The transfer market slump meant Leicester couldn't get rid of as many players as they wanted. Despite this, they came to an arrangement with the main creditors to restructure the debt, and the players agreed to defer part of their wages until the end of the season. But Eric Hall (Wise's agent who was still pissed off about his client being sacked) refused to wait for money he was owed, and went to the court with a winding up order. That effectively forced the club into administration.
Why is it that we're always talked about as the bad guys when it comes to going into administration, yet other clubs that did the same thing (Ipswich, Southampton, Palace, Hull etc...) rarely get a mention?