VLC86 Posted 2 April Share Posted 2 April 12 minutes ago, Ric Flair said: 👀 Ric’s doing the equivalent of checking in at the LRI on Facebook and then saying he doesn’t want to talk about it. 4 Link to comment Share on other sites More sharing options...
st albans fox Posted 2 April Share Posted 2 April (edited) Well they aren’t updated on companies house so presumably the club website will stick the raw numbers up I assume they won’t go into too much detail so will still need to see CH updated to make sense of them Edited 2 April by st albans fox Link to comment Share on other sites More sharing options...
Guest Chocolate Teapot Posted 2 April Share Posted 2 April Link to comment Share on other sites More sharing options...
Suzie the Fox Posted 2 April Share Posted 2 April (edited) oops - edited to actually click on the 'you tube' part Edited 2 April by Suzie the Fox Link to comment Share on other sites More sharing options...
Guest Chocolate Teapot Posted 2 April Share Posted 2 April Just now, Suzie the Fox said: It's a link to a video that says we're completely ****ed. It'll all make sense in 4 minutes. Link to comment Share on other sites More sharing options...
moore_94 Posted 2 April Share Posted 2 April Link to comment Share on other sites More sharing options...
moore_94 Posted 2 April Share Posted 2 April (edited) Edited 2 April by moore_94 1 1 1 Link to comment Share on other sites More sharing options...
GingerrrFox Posted 2 April Share Posted 2 April Maguire has posted them on Twitter. They are horrific 🫠 Link to comment Share on other sites More sharing options...
urban.spaceman Posted 2 April Share Posted 2 April From the website: Leicester City Football Club today publishes its financial accounts for the year ending 30 June 2023. The accounting period corresponded with a season which saw Leicester City’s relegation from the Premier League. The Club’s investment in its First Team playing squad – a strategy reflected in eight previous seasons of high performance in the top flight – was, for the first time, not matched by on-pitch results. The consequences of this disappointment, combined with the costs arising from the Club’s long-term commitment to maintaining a strong squad of players, were the primary factors behind a pre-tax loss of £89.7M (2022: £92.5M loss). While turnover for the year decreased to £177.3M (2022: £214.6M), commercial revenues increased, with gate receipts up £1.4M, sponsorship revenue up £1.3M and commercial turnover up by £1M. The fall in turnover was primarily due to a reduction in Premier League merit payments and broadcast revenues, and the Club’s absence from European competition for the first time in three seasons. The Club realised a net profit on player trading of £74.8M in the accounting period (£9.2M in 2022), though this increase was offset by a significantly lower-than-budgeted league position and a costly change in First Team management structure. The Club’s commitment to the growth of women’s football in Leicestershire continued, with further investment in players, staff and facilities to aid the development of LCFC Women. The team’s second season in the Women’s Super League saw them improve on both their points total and finishing position from the previous campaign, securing a third successive season of top-flight football. Over recent years, the Club's financial results have reflected necessary levels of investment in the men’s playing squad that allowed LCFC to compete with the most established clubs in the Premier League. The underlying security to pursue those ambitions has been, and continues to be, provided by the Club’s parent company, King Power International (KPI), under the leadership of Chairman Khun Aiyawatt Srivaddhanaprabha. His and his family’s support for the Club remains as strong as it has ever been. Indeed, the 2022/23 accounting period records Khun Aiyawatt’s conversion of £194M of loans and related interest owed to KPI into equity, relieving the Club of significant outstanding debt to its parent company. LCFC remains engaged in a confidential process with the Premier League and the English Football League, regarding the Club’s Profitability and Sustainability calculations. The Club is determined to ensure that any charges against it are properly and proportionately resolved, in accordance with the applicable rules, by the right bodies, and at the right time. Leicester City Chief Executive Susan Whelan said: “After a sustained period of growth and success for the Club during the last decade, the 2022/23 season was a significant setback, the consequences of which will be felt for some time. We must now focus on rebuilding and seeking to return to and re-establishing ourselves in the Premier League. "Having achieved finishing positions in the Premier League of fifth, fifth and eighth in the three preceding seasons, our targets and associated budgets for 2022/23 were entirely reasonable. However, for a club such as ours, whose sustained sporting achievements have justified the levels of investment required to compete with the most established clubs and pursue our ambition, a season of such significant under-performance on the pitch presents financial challenges, particularly from the perspective of the game’s current Profitability and Sustainability rules. “The long-term and ongoing financial security and commitment provided by Khun Aiyawatt, the Srivaddhanaprabha family and King Power International, enables the Club to rebuild with certainty and confidence. We’re infinitely grateful for the faith and support of our fans, whose commitment and loyalty continue to inspire our mission to restore Leicester City to the level at which we all want it to compete.” Click HERE to view. 1 Link to comment Share on other sites More sharing options...
GingerrrFox Posted 2 April Share Posted 2 April £295 million total losses 😮💨 Link to comment Share on other sites More sharing options...
ClaphamFox Posted 2 April Author Share Posted 2 April 2 Link to comment Share on other sites More sharing options...
Dan LCFC Posted 2 April Share Posted 2 April King Power out. Link to comment Share on other sites More sharing options...
Lionator Posted 2 April Share Posted 2 April £295million losses over three years. Christ almighty. Most of it is on wages. Link to comment Share on other sites More sharing options...
Chelmofox Posted 2 April Share Posted 2 April Pay rises for Whelan and Rudkin then. Utterly pathetic, and if they could prise their heads out of Tops arse for a few minutes they might even feel a little bit of shame. Link to comment Share on other sites More sharing options...
moore_94 Posted 2 April Share Posted 2 April Now how do we convince the Prem and EFL that most of that loss was wages that was clearly spent on the womens team so it doesn't count? 1 Link to comment Share on other sites More sharing options...
Guest Chocolate Teapot Posted 2 April Share Posted 2 April Can we change the title from 'should' to 'will'? Link to comment Share on other sites More sharing options...
Number 6 Posted 2 April Share Posted 2 April (edited) And yet we needed Fofana to chuck his toys out of the pram to sell him!? What the ****. Clearly had no intention of ever complying. Damning. Edited 2 April by Number 6 1 Link to comment Share on other sites More sharing options...
Chelmofox Posted 2 April Share Posted 2 April Just now, moore_94 said: Now how do we convince the Prem and EFL that most of that loss was wages that was clearly spent on the womens team so it doesn't count? Janina Leitzig on 200k a week i last heard. Link to comment Share on other sites More sharing options...
Nick Posted 2 April Share Posted 2 April Let’s hope we go up with a 12 point deduction. If we don’t it’s gonna be very bad indeed. Link to comment Share on other sites More sharing options...
benpicko Posted 2 April Share Posted 2 April Crikey what were we doing to have £300 in losses over 3 years Link to comment Share on other sites More sharing options...
The Bear Posted 2 April Share Posted 2 April £200m wage bill. Kin hell how have you managed that? Link to comment Share on other sites More sharing options...
Lionator Posted 2 April Share Posted 2 April Just now, benpicko said: Crikey what were we doing to have £300 in losses over 3 years Paying obscene wages to average players. Link to comment Share on other sites More sharing options...
st albans fox Posted 2 April Share Posted 2 April Is it possible to get top’s face onto the one legged black knight with the comment ‘this but a flesh wound ‘ ? Link to comment Share on other sites More sharing options...
CosbehFox Posted 2 April Share Posted 2 April 1 minute ago, Chocolate Teapot said: Can we change the title from 'should' to 'will'? All those challengers who wouldn’t consider the possibility of this a few months back as well Link to comment Share on other sites More sharing options...
moore_94 Posted 2 April Share Posted 2 April (edited) 1 minute ago, The Bear said: £200m wage bill. Kin hell how have you managed that? 13 months of accounting rather than 12 months Still would've been around £180m+ though Edited 2 April by moore_94 1 Link to comment Share on other sites More sharing options...
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