Parafox Posted 15 January 2023 Share Posted 15 January 2023 2 hours ago, Babylon said: Ever… other than when. It was explain by top about 5 months ago. So why is no one saying what the explanation is. I don't recall any formal statement. Link to comment Share on other sites More sharing options...
Babylon Posted 15 January 2023 Share Posted 15 January 2023 36 minutes ago, Parafox said: So why is no one saying what the explanation is. I don't recall any formal statement. https://www.lcfc.com/news/amp/2773862 1 Link to comment Share on other sites More sharing options...
lifted*fox Posted 15 January 2023 Share Posted 15 January 2023 2 minutes ago, Babylon said: https://www.lcfc.com/news/amp/2773862 bUt NoBoDy TeLLs uS AnYThinG hE DoESnT CArE AnYmORe 1 2 Link to comment Share on other sites More sharing options...
Babylon Posted 15 January 2023 Share Posted 15 January 2023 4 minutes ago, lifted*fox said: bUt NoBoDy TeLLs uS AnYThinG hE DoESnT CArE AnYmORe hEs lYiNg! 1 Link to comment Share on other sites More sharing options...
Sol thewall Bamba Posted 15 January 2023 Share Posted 15 January 2023 (edited) The "sustainability" thing is fine but it's just a rebranded way to say "I want to put next to none of my own money in but maximise the value of my asset as much as possible". Which is fine. Ultimately King Power are here to make money off the club just like every other owner in the league. Edited 15 January 2023 by Sol thewall Bamba 2 Link to comment Share on other sites More sharing options...
1884Man Posted 15 January 2023 Share Posted 15 January 2023 So they have spent 352 million in ten years. That's only 35 million a year. 1 Link to comment Share on other sites More sharing options...
MattFox Posted 15 January 2023 Share Posted 15 January 2023 1 minute ago, 1884Man said: So they have spent 352 million in ten years. That's only 35 million a year. Plus the money they bought the stadium for. However that was done off the clubs book, King Power own the stadium not the club Link to comment Share on other sites More sharing options...
SemperEadem Posted 15 January 2023 Share Posted 15 January 2023 8 minutes ago, MattFox said: Plus the money they bought the stadium for. However that was done off the clubs book, King Power own the stadium not the club Am I right in thinking thats not great news really? Link to comment Share on other sites More sharing options...
volpeazzurro Posted 15 January 2023 Share Posted 15 January 2023 4 hours ago, jerry said: Supporters have short memories I'm afraid. We would not have had the success without their influence. Fans don't like it but we have been fighting above our weight and it's almost impossible to sustain this over a longer period of time. I think this 'fighting above our weight ' is a total myth which is conveniently perpetuated one, by Rodgers for his own reasons and two, by the media for there's. Why do I think it a myth? Because at the time we were doing well, ignoring 2015/16, when you compared the actual players we had in our squad in comparison to the Premiership opposition, we had the talent to finish 5th with reasonable management. This had been made possible by good recruitment, buying and selling yet we weren't one of the big boys. Only financially were I suppose we were punching above our weight. Dortmund have been similar over the years. Where it has fallen down is poor management and poor recruitment, the model changed. Nevertheless, at the start of this season with a fit squad and until the sale of Fofana, I still believe we had ample talent to expect 8th position given the circumstances but Rodgers has been a poor manager. It has highlighted that many of our results under him have been down to individual players contributions and certainly nothing to do with him, his tactics or style of play. 2 Link to comment Share on other sites More sharing options...
MattFox Posted 15 January 2023 Share Posted 15 January 2023 (edited) 29 minutes ago, SemperEadem said: Am I right in thinking thats not great news really? It’s not great because the freehold technically isn’t owned by the club meaning if they sold the club they could technically still own the stadium freehold. However the club are technically supposed to buy the stadium at some point for a fixed cost plus interest (which KP have deferred) as part of the deal that was done when the club went into admin. The stadium can’t be sold without the club’s permission either. It’s not exactly a Cov or Derby situation but it’s something that could potentially get messy in a difficult takeover Edited 15 January 2023 by MattFox 2 Link to comment Share on other sites More sharing options...
Matt Posted 15 January 2023 Share Posted 15 January 2023 3 Link to comment Share on other sites More sharing options...
lebleu Posted 15 January 2023 Share Posted 15 January 2023 5 hours ago, MattFox said: It’s not great because the freehold technically isn’t owned by the club meaning if they sold the club they could technically still own the stadium freehold. However the club are technically supposed to buy the stadium at some point for a fixed cost plus interest (which KP have deferred) as part of the deal that was done when the club went into admin. The stadium can’t be sold without the club’s permission either. It’s not exactly a Cov or Derby situation but it’s something that could potentially get messy in a difficult takeover Sorry if this is a stupid question but who would be the representative of “the club” in this context? Link to comment Share on other sites More sharing options...
st albans fox Posted 15 January 2023 Share Posted 15 January 2023 11 minutes ago, Matt said: Is that Percy setting up a couple of signings this week ???? Link to comment Share on other sites More sharing options...
stu Posted 15 January 2023 Share Posted 15 January 2023 (edited) 8 minutes ago, st albans fox said: Is that Percy setting up a couple of signings this week ???? No, he says Leicester fans need ‘Perpective’, but the owners do need to respond to prevent a relegation fight. Respond can mean anything. Edited 15 January 2023 by stu Clarity Link to comment Share on other sites More sharing options...
MattFox Posted 15 January 2023 Share Posted 15 January 2023 11 minutes ago, lebleu said: Sorry if this is a stupid question but who would be the representative of “the club” in this context? If KP sold the club but didn’t sell the stadium they wouldn’t be able to sell the stadium without consent of the new ownership of the club. 2 Link to comment Share on other sites More sharing options...
Sly Posted 15 January 2023 Share Posted 15 January 2023 Who gets the revenue from the ticket sales then? King Power or Leicester City football club? Link to comment Share on other sites More sharing options...
MattFox Posted 15 January 2023 Share Posted 15 January 2023 6 minutes ago, Sly said: Who gets the revenue from the ticket sales then? King Power or Leicester City football club? Club get all the revenues and pay all the bills (except compass catering which is even more complicated) For all intensive purposes it’s our own stadium it’s just KP own the freehold as part of a hire purchase agreement. We gave the stadium to its creditors when we went into admin, agreed a deal where we could buy it back at a fixed fee which we still can. KP just bought the freehold from the pension fund that had it before instead of using club funds basically. 2 Link to comment Share on other sites More sharing options...
Hirsty The Blue 94 Posted 15 January 2023 Share Posted 15 January 2023 49 minutes ago, Matt said: Anyone got the content of this article? Will never pay a penny for a pay wall, particularly of that in the Torygraph. Link to comment Share on other sites More sharing options...
Guest Posted 15 January 2023 Share Posted 15 January 2023 8 minutes ago, Hirsty The Blue 94 said: Anyone got the content of this article? Will never pay a penny for a pay wall, particularly of that in the Torygraph. There isn't really anything we didn't already know - fans are turning on Rodgers and the board, we're working hard on signings and we do have some money to spend, we've got a lot of injuries and are shit. "The time for action is now" but not specified whether that refers to signings, sacking or both. The one thing that was sort of news to me was we were after Brennan Johnson in the summer before it turned out we couldn't buy him or indeed anyone. 1 Link to comment Share on other sites More sharing options...
StanSP Posted 15 January 2023 Share Posted 15 January 2023 15 minutes ago, Hirsty The Blue 94 said: Anyone got the content of this article? Will never pay a penny for a pay wall, particularly of that in the Torygraph. https://12ft.io/ Use that link to remove the paywall. 2 Link to comment Share on other sites More sharing options...
Tom12345 Posted 16 January 2023 Share Posted 16 January 2023 We need to be reminded that: - at the start of last season, after we choked and finished fifth again, we bought Daka and Soumare and brought in Lookman, with no major departure for the first time in years - that was a major investment and Rodgers was backed by the club despite him wasting millions including on Praet and Perez who he clearly does not like - we had too big of a squad at the time - we had the biggest wage bill outside of the top 6 - then unluckily Fofana broke his leg and Rodgers brought in Vesty for another 15m, yet another failure in his transfer business It was fair for the club to say to Rodgers this summer that you had to clear out players before you can buy some more as we sat on value in the tens of millions rotting away in reserve or sent out on loan. It was dumb for the club not to exercise the option to buy Lookman though as his value surely exceeded the price following last season. This is also in light of FPP rules. Then Rodgers decided to undermine his players and the club by throwing them all under the bus. He is begging to be sacked, clearly. 3 Link to comment Share on other sites More sharing options...
SkidsFox Posted 16 January 2023 Share Posted 16 January 2023 20 hours ago, Sol thewall Bamba said: The "sustainability" thing is fine but it's just a rebranded way to say "I want to put next to none of my own money in but maximise the value of my asset as much as possible". Which is fine. Ultimately King Power are here to make money off the club just like every other owner in the league. If they're here to make money, then they should have sold the club a year or two back, when it was seen as a stable Premiership concern with a squad capable of pushing for a Euro spot. The value of an ageing squad and a club plummeting towards a lower division (or two, things can deteriorate further) must have declined substantially. Link to comment Share on other sites More sharing options...
PAPA LAZAROU Posted 16 January 2023 Share Posted 16 January 2023 20 hours ago, 1884Man said: So they have spent 352 million in ten years. That's only 35 million a year. Yeah but 35 million ten years ago eh? Link to comment Share on other sites More sharing options...
LVFox Posted 16 January 2023 Share Posted 16 January 2023 7 hours ago, Tom12345 said: We need to be reminded that: - at the start of last season, after we choked and finished fifth again, we bought Daka and Soumare and brought in Lookman, with no major departure for the first time in years - that was a major investment and Rodgers was backed by the club despite him wasting millions including on Praet and Perez who he clearly does not like - we had too big of a squad at the time - we had the biggest wage bill outside of the top 6 - then unluckily Fofana broke his leg and Rodgers brought in Vesty for another 15m, yet another failure in his transfer business This is so crucial. Last season was really the first where we broke away from our model of selling 1 player at a huge price and re-investing in 2 or 3. That only works if you are able to take the leap into a consistent european qualifier. We didn't take that leap. Soumare, Daka, Vestegaard and Bertrand all didn't work to the level they needed to. We are now utterly in the mud. Regressing players on huge wages coming to the end of contracts, massive rebuild needed with a recruitment team we've seen little evidence of providing the required quality, a board that seems unwilling to fund that properly and a manager who is showing zero signs of improving any of our existing squad, or creating an environment that players buy into and sign new deals. 1 Link to comment Share on other sites More sharing options...
Guest Chocolate Teapot Posted 16 January 2023 Share Posted 16 January 2023 7 hours ago, Tom12345 said: We need to be reminded that: - at the start of last season, after we choked and finished fifth again, we bought Daka and Soumare and brought in Lookman, with no major departure for the first time in years - that was a major investment and Rodgers was backed by the club despite him wasting millions including on Praet and Perez who he clearly does not like - we had too big of a squad at the time - we had the biggest wage bill outside of the top 6 - then unluckily Fofana broke his leg and Rodgers brought in Vesty for another 15m, yet another failure in his transfer business It was fair for the club to say to Rodgers this summer that you had to clear out players before you can buy some more as we sat on value in the tens of millions rotting away in reserve or sent out on loan. It was dumb for the club not to exercise the option to buy Lookman though as his value surely exceeded the price following last season. This is also in light of FPP rules. Then Rodgers decided to undermine his players and the club by throwing them all under the bus. He is begging to be sacked, clearly. 45m isn't major investment when you look at the rest of the league. Link to comment Share on other sites More sharing options...
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