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frany104

Time for the owners to sell up

By frany104, in Leicester City Forum

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desertfox2

desertfox2

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Posted (edited)
On 18/01/2023 at 02:18, STUHILL said:

It's the only thing that connects all the dots really and explains the weird things going on at the club.

 

1) Can't afford to run the club anymore

2) Doesn't want to admit that to the fans, hence the FFP excuse

3) Emotionally attached to the club and so doesn't want to sell it all

4) Therefore, only option is to seek minor investment, which will be notoriously difficult and may come to nothing

 

Meanwhile, Leicester could be relegated. 

 

A horrible reality is emerging! 

 

Let's hope we somehow manage to stay up this season and Top quickly re-evaluates his plan. Selling is the only viable long-term option, if the above is indeed true. 

 

 

Sadly I suspect this is spot on.

 

Even using the sustainable line earlier in the season. I hate to say it as I love the guy and his family but it's complete nonsense and a smokescreen to divert attention away from not being able to invest anymore to keep the club where it was. Man City, Arsenal with the stadium, Man Utd, Chelsea twice, Newcastle now, Spurs with the stadium, PSG, Barca etc none of it is ''sustainable'' it's only ''sustainable for as long as the owners are ready to pump the money in. Every club in the premier league is out spending us this season, we are bottom of the investment pile and heading towards the bottom of the table unless we can come up with some funds or a change. Forest beat us, what they are spending isn't sustainable, the whole of the premier league pretty much isn't unless you have a club like Newcastle under Mike Ashley and who wants that? 

 

There is no way he will find a decent minority investor. An investor in a football club in the premier league will want control or at least a route to control. It takes an immense amount of money to run a football club. His father had it but barely at the top end of the premier league dining table level. We had some good fortune,some great scouting and went further than even that would have ordinarily enabled us (i'm not only talking about the title win) It was then probably broken up and distributed to various members of his family when he passed. Covid hit the main cash generator, would have needed support and the other beneficiaries probably don't have the same interest for LCFC as Top does. I hope that i'm wrong here but if it looks like a duck, swims like a duck and quacks like a duck.....

 

On a positive note there is big demand for premier league teams so we probably would find a buyer if the above is true and Top doesn't let emotion cloud his judgment and starts looking for a buyer. Regardless we are going to need some signings and a new manager if he wants to be selling a premier league team rather than a championship one.

 

I hope he finds some other way and finds money for the club however and stays but it's not going to be self financing which is really what sustainable means in that context.

 

Edit. It looks like Top has managed to get his hands on a pile of cash to get some much needed players in. The best possible result. We seem to have money again and it's with him :) 

Edited by desertfox2
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FoxyLeon

FoxyLeon

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Investment hasn't declined, what's actually happened, is that there has been a huge rise in shall we say 'Unwise Investment'.

 

Any signing can go wrong, or right, we've seen great examples of that at our Club in recent years. Ranieri is the prime example really, the decision to appoint him, was one which was completely illogical. He was a manager who was deemed a failure everywhere he went, and was generally a horrific appointment. However, somehow, miraculously, it goes down as a good decision after the facts....Even though it was a terrible decision to appoint him, based on all evidence at the time.

 

We're now signing players, like Bertrand/Vestergaard, and paying out £80k+ per week, per player. Investment hasn't declined, quite the opposite in fact, but the reason people believe it has, is because we're seeing a poor return on our investment. Of course, in contrast to signing Vardy for £1 million and Mahrez for £250,000, with both probably sharing a wage of £40,000 a week, this myth about 'Declining investment' is just that.

Even going to Puel's time, where we spent larger fees on Soyuncu, Maddison, Ricardo Pereira, Benkovic etc, these four players were likely on a wage combined, similar to what Bertrand/Vestergaard are on combined now. This is why it seems like we're investing less, even though we're investing more.

Then we have additional contracts for Mendy and Albrighton....Here's the main area of wasted investment. They will never, ever, become first team regulars, yet they combined will be earning £150k+ per week. That's likely 2 or 3 times the combined wages of James Justin + Jarrod Bowen when they came into this League....And they have the huge benefit of having the potential to become regular key players, and the benefit of a resale value...Like Mahrez/Maguire/Fofana etc. 

 

I personally still back the ownership, I believe they have invested in us enough for me to invest in them, through the current rough period. However, it's clear to me that the death of Vichai has left us without the valuable lessons he learnt from the Pearson/Walsh/Shakespeare era. They essentially were the trio responsible for showing Vichai that the most important part of investment, isn't the volume, but the areas you invest in. 

We never suffered with abnormal injury issues...We even managed to get regular football out of players like Matty James, who had huge injury issues during his career.

We were able to improve players through coaching...Vardy being the prime example, twice he looked out of his depth when jumping to the Championship and then the Premier League, but twice the trio put the coaching in place to turn him into at his prime, a World Class striker.

We also actively encouraged Leaders and Leadership...This is where the Media Narrative really underestimates Pearson, and completely over estimates Rodgers. Pearson actively encouraged signing more and more leaders. He actively wanted his authority challenged.....Huth, Schmeichel, Big Was, Cambiasso, Fuchs, Morgan...He wanted big personalities and Leaders. 

 

We were such a well run Club before Rodgers replaced our solid foundations, that Barcelona were sending over members of staff to essentially 'Learn from us'. Now, as Rodgers has changed more and more, whether it be with regards to the Medical Staff, or the Recruitment Team, the Club has seemingly hit rock bottom because we lack a real leader. You can argue this comes from the Top, excuse the Pun, and this is true. But as with Vichai, he only discovered the truth after sacking his man in Sven. Until Top gets rid of Rodgers, there's no chance of us progressing and Top learning from his mistakes. 

 

'More Money' isn't the answer at all, in fact it's the worst answer right now until we remove Rodgers and return to the aims the Club had before Rodgers arrived. If you want to know what 'More Investment' looks like right now....See Derby County and Mel Morris. 

 

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Daggers

Daggers

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3 hours ago, Clever Fox said:

I understand the lack of info from the Owners is worrying, but it's normal when difficulties arise in a Company.

 

Silence is very often the best way to protect yourself while they work through the difficulties.

Remember in business knowledge is power. Why would KP want to air those difficulties to the world.

 

I still think the main difficulty is the Accident and the difficulties it created washing through KP.

 

It's a whole different ballgame now. Vichai had the power to do pretty much as he wished as ultimately it was his Company.

With his assets being likely distributed amongst the family creates a whole new dynamic for KP.

That's even if this has happened yet as with big companies these matters can take years to resolve.

 

In the meantime we are just pawns in a complex situation waiting for the nest move.

 

It's not though is it, companies may not detail the issues but they comment on bad results and lay out clear plans for the future to inspire confidence.

 

The head in the sand approach to media and expectation management is only an approach for those who do not engage with PR professionals. It's a The Apprentice level of comms.

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Out Foxed

Out Foxed

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i'd hate for Top to sell obviously. irrespective of anything him and his family/associates have done more than anyone else to make us proud of this club. my only real issue is the fact brendan is still in charge because i think that's the easiest way of steadying the ship and who cares about 8-10 mill contract if it means we get relegated. Like a few people said there isn't a lot better investment opportunities for a potential buyer into football - state of the art facilities (even if at the moment they seem to not be realising potential) planning for ground expansion, a loyal fanbase and a city that while not exactly london manchester or even birmingham is in a lot better position than a lot of other cities in the UK and Europe mainly thanks to its geography.

 

all is not lost. 

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STUHILL

STUHILL

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2 hours ago, CosbehFox said:

And there’s more 

I imagine this is to release transfer funds for this window? Small panic from Top that we could actually be relegated without incoming players now? 

 

Still doesn't feel quite right, and I know he said some other clubs do this, but promising future 25/26 Premier League income (which we may not have) for a loan now, does seem like what an owner struggling financially would do. 

 

I could be wrong, but it just feels like we are unravelling here and we are taking on more and more risk, so that if we do fall, it could be much harder than before. 

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TJQuik

TJQuik

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On 17/01/2023 at 21:27, Freeman's Wharfer said:

I think Top has realised that he cannot afford LCFC anymore. But he doesn’t want to let it go - there are understandably many complicated emotional connections for him personally.

 

 

I get that he may have some personal investment after everything that's happened, but the main reason a club owning company will try everything to hold on to that club is because it's a huge marketing opportunity. The premier league and UEFA competitions are viewed by millions of people and every time they see Leicester there will be a reference to King Power somewhere, or at least some acknowledgement that they are the owners. Any personal attachment would be very much secondary to that.

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Sly

Sly

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You can’t run a “sustainable model” in the Premier League.

 

Its like turning to a Formula 1 race with the family Skoda and trying to compete. You’ll be bottom in no time. 

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FoxyLeon

FoxyLeon

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9 hours ago, Sly said:

You can’t run a “sustainable model” in the Premier League.

 

Its like turning to a Formula 1 race with the family Skoda and trying to compete. You’ll be bottom in no time. 

 

Mahrez, Vardy, Huth, Morgan, Fuchs, Kasper, KDH, Barnes, Maddison, Ndidi, Kante....I could go on and on, but these were all players, bought at different times under this Ownership, that were bought sustainably. 

Brighton are essentially what we once were, buying players of a very similar type to what we did. Now, for some reason, we turn our nose up at players from lower leagues, or from lesser leagues abroad. 

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westernpark

westernpark

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2 hours ago, FoxyLeon said:

 

Mahrez, Vardy, Huth, Morgan, Fuchs, Kasper, KDH, Barnes, Maddison, Ndidi, Kante....I could go on and on, but these were all players, bought at different times under this Ownership, that were bought sustainably. 

Brighton are essentially what we once were, buying players of a very similar type to what we did. Now, for some reason, we turn our nose up at players from lower leagues, or from lesser leagues abroad. 

Two of those players weren’t bought. 

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kingkisnorbo

kingkisnorbo

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1 minute ago, gurru991 said:

I very much enjoy our owners and hope they can steady the ship,  We seem to have lost our way in the last couple of years & I struggle to understand how Rudkin & Whelan have allowed this. 

He employs them both. It ultimately all lands at his door. 

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fuchsntf

fuchsntf

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1 minute ago, kingkisnorbo said:

He employs them both. It ultimately all lands at his door. 

There are no finals…so many mitigating circumstances

nor seen nor known from ANY fans POV…

Its was so easy & black n white in the old days, they have gone..!

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fuchsntf

fuchsntf

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Best to let the our & KP story run it’s course…> soon or in 5-10yrs plus <
 

Fans making up crap doesn’t help anybody….mists up the windows so to speak..

Everyday on here is being forced to read too forward fans clickbait..:cry:

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Babylon

Babylon

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On 18/01/2023 at 15:27, desertfox2 said:

Sadly I suspect this is spot on.

 

Even using the sustainable line earlier in the season. I hate to say it as I love the guy and his family but it's complete nonsense and a smokescreen to divert attention away from not being able to invest anymore to keep the club where it was. Man City, Arsenal with the stadium, Man Utd, Chelsea twice, Newcastle now, Spurs with the stadium, PSG, Barca etc none of it is ''sustainable'' it's only ''sustainable for as long as the owners are ready to pump the money in. Every club in the premier league is out spending us this season, we are bottom of the investment pile and heading towards the bottom of the table unless we can come up with some funds or a change. Forest beat us, what they are spending isn't sustainable, the whole of the premier league pretty much isn't unless you have a club like Newcastle under Mike Ashley and who wants that? 

 

There is no way he will find a decent minority investor. An investor in a football club in the premier league will want control or at least a route to control. It takes an immense amount of money to run a football club. His father had it but barely at the top end of the premier league dining table level. We had some good fortune,some great scouting and went further than even that would have ordinarily enabled us (i'm not only talking about the title win) It was then probably broken up and distributed to various members of his family when he passed. Covid hit the main cash generator, would have needed support and the other beneficiaries probably don't have the same interest for LCFC as Top does. I hope that i'm wrong here but if it looks like a duck, swims like a duck and quacks like a duck.....

 

On a positive note there is big demand for premier league teams so we probably would find a buyer if the above is true and Top doesn't let emotion cloud his judgment and starts looking for a buyer. Regardless we are going to need some signings and a new manager if he wants to be selling a premier league team rather than a championship one.

 

I hope he finds some other way and finds money for the club however and stays but it's not going to be self financing which is really what sustainable means in that context.

 

Edit. It looks like Top has managed to get his hands on a pile of cash to get some much needed players in. The best possible result. We seem to have money again and it's with him :) 

It’s quite scary that almost everything you’ve said is totally wrong.

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HankMarvin

HankMarvin

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Posted
On 18/01/2023 at 23:29, STUHILL said:

I imagine this is to release transfer funds for this window? Small panic from Top that we could actually be relegated without incoming players now? 

 

Still doesn't feel quite right, and I know he said some other clubs do this, but promising future 25/26 Premier League income (which we may not have) for a loan now, does seem like what an owner struggling financially would do. 

 

I could be wrong, but it just feels like we are unravelling here and we are taking on more and more risk, so that if we do fall, it could be much harder than before. 

Maybe the players being targeted are being selected with a worst case scenario of relegation and part of the rebuild needed. As opposed to players we would have been targeting 12 months ago which negates the risk slightly.

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kingkisnorbo

kingkisnorbo

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On 18/01/2023 at 15:27, desertfox2 said:

Sadly I suspect this is spot on.

 

Even using the sustainable line earlier in the season. I hate to say it as I love the guy and his family but it's complete nonsense and a smokescreen to divert attention away from not being able to invest anymore to keep the club where it was. Man City, Arsenal with the stadium, Man Utd, Chelsea twice, Newcastle now, Spurs with the stadium, PSG, Barca etc none of it is ''sustainable'' it's only ''sustainable for as long as the owners are ready to pump the money in. Every club in the premier league is out spending us this season, we are bottom of the investment pile and heading towards the bottom of the table unless we can come up with some funds or a change. Forest beat us, what they are spending isn't sustainable, the whole of the premier league pretty much isn't unless you have a club like Newcastle under Mike Ashley and who wants that? 

 

There is no way he will find a decent minority investor. An investor in a football club in the premier league will want control or at least a route to control. It takes an immense amount of money to run a football club. His father had it but barely at the top end of the premier league dining table level. We had some good fortune,some great scouting and went further than even that would have ordinarily enabled us (i'm not only talking about the title win) It was then probably broken up and distributed to various members of his family when he passed. Covid hit the main cash generator, would have needed support and the other beneficiaries probably don't have the same interest for LCFC as Top does. I hope that i'm wrong here but if it looks like a duck, swims like a duck and quacks like a duck.....

 

On a positive note there is big demand for premier league teams so we probably would find a buyer if the above is true and Top doesn't let emotion cloud his judgment and starts looking for a buyer. Regardless we are going to need some signings and a new manager if he wants to be selling a premier league team rather than a championship one.

 

I hope he finds some other way and finds money for the club however and stays but it's not going to be self financing which is really what sustainable means in that context.

 

Edit. It looks like Top has managed to get his hands on a pile of cash to get some much needed players in. The best possible result. We seem to have money again and it's with him :) 

All secured against money we don’t have and might not get. All the hallmarks of good ownership. 

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Sly

Sly

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https://football-italia.net/atalanta-boss-reveals-secret-to-lookman-transfer-from-leicester-city/
 

Congerton being praised for the Lookman transfer, having made the move quickly once he arrived. 11 goals and 4 assists in 18 games now in Serie A for Atlanta. Not bad for £9,000,000! 
 

Maybe, we just move to quickly and Congerton thought he’d be better off elsewhere? 
 

Maybe it’s the process and not the people why we keep missing out. 
 

We’ve seen how slow we are at getting people in. 

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Strokes

Strokes

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3 hours ago, Sly said:

https://football-italia.net/atalanta-boss-reveals-secret-to-lookman-transfer-from-leicester-city/
 

Congerton being praised for the Lookman transfer, having made the move quickly once he arrived. 11 goals and 4 assists in 18 games now in Serie A for Atlanta. Not bad for £9,000,000! 
 

Maybe, we just move to quickly and Congerton thought he’d be better off elsewhere? 
 

Maybe it’s the process and not the people why we keep missing out. 
 

We’ve seen how slow we are at getting people in. 

Maybe it’s the manager.

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