Leicester and PSR for 23/24

[Payne74]

He hasn't written off anything.

He's moved money between businesses to one that is less cash rich and that are about to have new rules introduced which will charge owners for putting future equity in.

There is a basic misunderstanding at play when Vichai and Aiyawatt have made these payments. It isn't a gift. It's an accounting game between two King Power assets.

If and when Aiyawatt sells LCFC, he'll expect a return on their overall investment. That is entirely separate to the enormous benefit King Power have received as a consequence of their ownership of LCFC back in Thailand.

And none of this considers how dangerously dependent LCFC have become on King Power as a direct result of their hopeless mismanagement of the club over recent years.

When Vichai was in charge, he spoke about making the club self sustainable. Now we're one man's whim away from bankruptcy.

I doubt that Top would allow LCFC to go bankrupt, he would lose hundreds of millions.
With the new training ground and planning permission for a stadium expansion I would say Leicester are a good prospect, it would need a billionaire to buy and run us. We won't be as expensive as say a Tottenham or Aston villa but we are certainly more of an attractive proposition than a Southampton or Leeds.
To be honest we would of never won the league or FA cup unless King power brought Leicester. The best we had before was winning the league cup under O'Neill.
Yeah they are making big mistakes now but we are still in a much better place than before they brought us, we spunked £80M in the summer because we could, how many championship clubs can do that ? Sheffield U spent £10M as a 1st choice striker for the premier league, a player that wouldn't get on our bench.

 

[Feidlimid]

He hasn't written off anything.

He's moved money between businesses to one that is less cash rich and that are about to have new rules introduced which will charge owners for putting future equity in

That is kinda the truth whichever way it's spun. The debt has become equity. That is, it's still there as a sum of money the club owes to it's financial backer. Only the name has changed.

The 'name change' was indeed done not out of a spirit of generosity but due to incoming PSR regs, with regard to interest on loans and owner enquity.

That said, this accounting exercise does not (imho) make us more or less stable. There's no inherent harm though. I don't doubt Top's feelings for the club, nor his loyalty. That can, of course, change (but be careful what you wish for)

 

[HFox]

I doubt that Top would allow LCFC to go bankrupt, he would lose hundreds of millions.
With the new training ground and planning permission for a stadium expansion I would say Leicester are a good prospect, it would need a billionaire to buy and run us. We won't be as expensive as say a Tottenham or Aston villa but we are certainly more of an attractive proposition than a Southampton or Leeds.
To be honest we would of never won the league or FA cup unless King power brought Leicester. The best we had before was winning the league cup under O'Neill.
Yeah they are making big mistakes now but we are still in a much better place than before they brought us, we spunked £80M in the summer because we could, how many championship clubs can do that ? Sheffield U spent £10M as a 1st choice striker for the premier league, a player that wouldn't get on our bench.

Tbf that £80m spend in the summer was facilitated by the departure of around £40-50 million of talent.

 

[Payne74]

Tbf that £80m spend in the summer was facilitated by the departure of around £40-50 million of talent.

King Power put Leicester in the position to be able to do deals like this, How many clubs in the championship can even spend £5M ?
I bet every club in the championship would trade places with us. (Not just the league)

 

[HFox]

King Power put Leicester in the position to be able to do deals like this, How many clubs in the championship can even spend £5M ?
I bet every club in the championship would trade places with us. (Not just the league)

There’s an irony to your point - the biggest income last year was from an academy grown player who excelled in the Championship.

By my maths, 8 Championship clubs have spent over £5m this year.

If we relegated, we probably par on where we were.

The sad collateral for me ends up being all the families now who can’t afford the ticket prices, the city’s economy and the likely jobs of those connected with the club. For example, our relegation two years ago led to job losses to the Leicester City in The Community, however the whole upper hierarchy stayed in situ.

The club is crying out for proper, experienced football club operators to get involved

 

[Blue Maniac]

King Power put Leicester in the position to be able to do deals like this, How many clubs in the championship can even spend £5M ?
I bet every club in the championship would trade places with us. (Not just the league)

Are they paying you for this?

 

[Payne74]

Are they paying you for this?

I can see why you might think that, I stopped caring about what Leicester do a couple of seasons back, I still support them but it doesn't effect me win or lose like it used to. Now I look at Leicester from the outside and see a club that has had recent success in the premier league, has some good players of value, a world class training ground, sold out stadium with a season ticket waiting list. A billionaire owner that spends his money, Like I said I don't think there's a club in the championship that wouldn't swap places with us.

Yes I know it's being poorly run and Leicester desperately need a proper director of football but it could be a whole lot worse. In 2002 Mickey Adams had Nicky Summerbee and Billy McKinlay that weren't being paid. Now we can spend £25M on Skipp and bench him, like I said it could be a whole lot worse.

 

[Payne74]

There’s an irony to your point - the biggest income last year was from an academy grown player who excelled in the Championship.

By my maths, 8 Championship clubs have spent over £5m this year.

If we relegated, we probably par on where we were.

The sad collateral for me ends up being all the families now who can’t afford the ticket prices, the city’s economy and the likely jobs of those connected with the club. For example, our relegation two years ago led to job losses to the Leicester City in The Community, however the whole upper hierarchy stayed in situ.

The club is crying out for proper, experienced football club operators to get involved

I agree with most of what you say, I don't agree about this bit "if we relegated, we probably par on where we were"

In previous seasons we went up via the playoffs and often after finishing 6th, last year we romped to the title with a wobble towards the end, we brought in Winks, Conor Coady, Tom Cannon,Hermansen, Mavadidi and loaned in Fatawu then brought him. Leicester are nowhere near where they used to be.
Even in the championship the stadium sold out, Leicester were lucky to get gates of 23k before KP.

 

[HFox]

I agree with most of what you say, I don't agree about this bit "if we relegated, we probably par on where we were"

In previous seasons we went up via the playoffs and often after finishing 6th, last year we romped to the title with a wobble towards the end, we brought in Winks, Conor Coady, Tom Cannon,Hermansen, Mavadidi and loaned in Fatawu then brought him. Leicester are nowhere near where they used to be.
Even in the championship the stadium sold out, Leicester were lucky to get gates of 23k before KP.

The last season before king power ownership we finished 5th and missed a couple of penalties for a playoff final. Hence my position that if we go down we are in a similar position. Especially given a near certain points deduction and reduced parachute payments

Football crowds as a whole have gone up. So it’s not the best indicator as it once was in trying to charter impact.

Off the pitch we have some obvious legacies but as I’ll repeat it angers deeply that from that position the city is going to take a huge hit economically and there’s a generation of supporters not being accommodated for. That legacy angers me

 

[popillius]

The last season before king power ownership we finished 5th and missed a couple of penalties for a playoff final.

And why would anybody want to return to that being considered a success?

No, unless someone with their financial clout comes in to take over, we are far, far better off with them than without them.

 

[Feidlimid]

Especially given a near certain points deduction

I'm not so sure we would/will. The rules are a ****ing mess. The EPL have already (to date) given us a pass. How can the EFL then assess the same period and punish us? It just wouldn't wash. Double jeopardy and all that. The 2 bodies need to get their acts together and iron out the inconsistencies since clubs pinging back and forth between the 2 leagues is going to become more of a thing than ever before.

 

[HFox]

I'm not so sure we would/will. The rules are a ****ing mess. The EPL have already (to date) given us a pass. How can the EFL then assess the same period and punish us? It just wouldn't wash. Double jeopardy and all that. The 2 bodies need to get their acts together and iron out the inconsistencies since clubs pinging back and forth between the 2 leagues is going to become more of a thing than ever before.

They managed it on Sheffield United quite quickly. At the very least they can enforce transfer embargos.

There will be a forthcoming three year FFP period will be down to £61m allowable loss which is obviously a huge problem

 

[HFox]

And why would anybody want to return to that being considered a success?

No, unless someone with their financial clout comes in to take over, we are far, far better off with them than without them.

might be nice then if they made a decent effort in avoiding that then. The financial recklessness under Aiyawatt’s watch has us with 1 signing in this window and 5 days left of the window.

 

[Feidlimid]

Requiring financial plans to be submitted and maybe enbargos is the worst the EFL could do (as I see it) It's a rolling 3 year period, yes, but it rolls forward. The EFL can only asses us once the latest year has rolled over, i.e. at the end of the season/financial reporting period. They can't reasses past periods. So long as we keep within the requirements next season (should/when we drop) then there'll be no case no answer.

There's a helluva lot of water been muddied since Sheffield United, and more money spent on lawyers. As I say, the rules are not joined up and seemingly easy to find fault with.

Edit: though I imagine that the situation could change when/if the jurisdiction issue is resolved. Personally, and perhaps overly optimistically, I think the EPL will drop it and PSR will be remodeled somehow. Still inherently unfair (imho) but different.and certainly clarified.

 

[popillius]

might be nice then if they made a decent effort in avoiding that then. The financial recklessness under Aiyawatt’s watch has us with 1 signing in this window and 5 days left of the window.

We avoided it last season. Because they spent.

 

[Fox Fan]

I think almost everyone on this forum and in our wider supporter base would prefer King Power to stay (rather than rolling the dice), whilst making the following changes:

• Replacing Rudkin as the DoF.
• Bringing in competent people to run all aspects of the club. That might mean Susan Whelan has to go too.
• Setting out a clear plan of where this club is going and when we might expect to get there (as Vichai did when they first bought the club).
• Having an open dialog with fans that respects that the club ultimately belongs to us.
• Scaling back some of the costly elements of the stadium expansion, but actually getting it done.

We know that getting back to being a top eight challenger is going to take some time as our squad isn't good enough by far, but Villa are a good example of a club that was in a similar position to us only a few years ago and are now fairly established in the top eight.

 

[OzzieFox]

I think almost everyone on this forum and in our wider supporter base would prefer King Power to stay (rather than rolling the dice), whilst making the following changes:

• Replacing Rudkin as the DoF.
• Bringing in competent people to run all aspects of the club. That might mean Susan Whelan has to go too.
• Setting out a clear plan of where this club is going and when we might expect to get there (as Vichai did when they first bought the club).
• Having an open dialog with fans that respects that the club ultimately belongs to us.
• Scaling back some of the costly elements of the stadium expansion, but actually getting it done.

We know that getting back to being a top eight challenger is going to take some time as our squad isn't good enough by far, but Villa are a good example of a club that was in a similar position to us only a few years ago and are now fairly established in the top eight.

Absolutely, surely no one needs to spell out the difference KP has made to Leicester City, not just as a football club but also for putting Leicester on the map. 12 years ago people abroad couldn't pronounce Lie....sess...tar???; No! It's Lestah you dick! Now we are globally famous, and rightly ****in so!

 

[Brown Nose]

I think almost everyone on this forum and in our wider supporter base would prefer King Power to stay (rather than rolling the dice), whilst making the following changes:

• Replacing Rudkin as the DoF.
• Bringing in competent people to run all aspects of the club. That might mean Susan Whelan has to go too.
• Setting out a clear plan of where this club is going and when we might expect to get there (as Vichai did when they first bought the club).
• Having an open dialog with fans that respects that the club ultimately belongs to us.
• Scaling back some of the costly elements of the stadium expansion, but actually getting it done.

We know that getting back to being a top eight challenger is going to take some time as our squad isn't good enough by far, but Villa are a good example of a club that was in a similar position to us only a few years ago and are now fairly established in the top eight.

This is what we all want.

It won't happen though. The person in charge doesn't want any of these things.

This is the issue. The person in charge is the person that is preventing us from moving forward.

The choice is to back Aiyawatt no matter what or protest until he realises that he has to change or go.

Most City supporters are still 'Aiyawatt can do no wrong'. That's the problem we have. Until sufficient supporters 'wake up', nothing will happen.

 

[Payne74]

"Most City supporters are still 'Aiyawatt can do no wrong'. That's the problem we have. Until sufficient supporters 'wake up', nothing will happen"

Maybe it's because the vast majority of city supporters appreciate a premier league title and a FA cup win for the 1st time in our history, because of this the supporters give Top some slack.
If you mean to start booing Top to force a change that isn't going to happen.

If you're in a loving relationship and it's fantastic but your partner gets cancer you don't throw them out for a newer cancer free partner, you support them through the bad times hoping the good times you used to have will return.

To be honest I have witnessed the best times ever with Leicester and I don't think they can ever be beaten, I would be happy to watch Leicester play good football and be competitive, chasing glory constantly will lead to failure as football is all ups and downs.

 

[Brown Nose]

How many years does 'some slack' equal?