Swarles Barkley Posted 2 April Share Posted 2 April Genuinely at this point unsure if its better to go up or stay down. Go up, start on negative points, can’t sign anyone as who would come and can we spend anything anyways. Stay down, get a points deduction and hope we get play offs. What a shitshow Rudkin and Whelan should have been instantly fired for this mess. Utter disgrace Link to comment Share on other sites More sharing options...
Bilo Posted 2 April Share Posted 2 April 11 minutes ago, coolhandfox said: We will get 6 point like Everton. Yep. Link to comment Share on other sites More sharing options...
Product of 84 Posted 2 April Share Posted 2 April I have no clue what happens if we don't get promoted. Do the Championship start forcing us to sell players? 2 minutes ago, weller54 said: So, to summarise: If we don't get promoted... we're fvcked. If we get promoted............ we're fvcked. Link to comment Share on other sites More sharing options...
StanSP Posted 2 April Share Posted 2 April 3 minutes ago, weller54 said: So, to summarise: If we don't get promoted... we're fvcked. If we get promoted............ we're fvcked. It's good to know where we stand 2 Link to comment Share on other sites More sharing options...
Gamble92 Posted 2 April Share Posted 2 April 53 minutes ago, Bilo said: Exactly this! People need to remember that the rules state that there's only a 9 points deduction in place for going into liquidation. That's why Everton got four points back on appeal and Forest got a four point deduction instead of the PL's desired eight. Personally I think we'll get five or six. If it's only that then I don't think we should sell anyone we don't need to if we go up. Id rather start with -6 and KDH etc than know our books are balanced and be forced to make Alves and Braybrooke be the stars. 4 Link to comment Share on other sites More sharing options...
FoxinNotts Posted 2 April Share Posted 2 April 1 minute ago, weller54 said: So, to summarise: If we don't get promoted... we're fvcked. If we get promoted............ we're fvcked. Not really. We need to go up. We can still go up. Once we’re up we’ll probably get 6-8 points, and have to sell KDH, and play the free transfer market and loans. Even so, pressure will be off, so expectations will be low. Think we might actually do well in that scenario tbf 2 Link to comment Share on other sites More sharing options...
HankMarvin Posted 2 April Share Posted 2 April (edited) 1 minute ago, FoxinNotts said: Not really. We need to go up. We can still go up. Once we’re up we’ll probably get 6-8 points, and have to sell KDH, and play the free transfer market and loans. Even so, pressure will be off, so expectations will be low. Think we might actually do well in that scenario tbf Pressure isn’t off it’s more than ever, parachute payments lessen with every season. Edit (misread if we go up) Edited 2 April by HankMarvin Link to comment Share on other sites More sharing options...
Bilo Posted 2 April Share Posted 2 April Just now, Gamble92 said: If it's only that then I don't think we should sell anyone we don't need to if we go up. Id rather start with -6 and KDH etc than know our books are balanced and be forced to make Alves and Braybrooke be the stars. It's why the rules don't work. You can't have a 9 point deduction on the books for clubs that are completely insolvent and threaten more than that for newly promoted sides doing a Forest and bussing them in, only for those threats to turn out to be empty. It effectively caps the penalties at a maximum of eight, and the PL lost that argument twice. Link to comment Share on other sites More sharing options...
FoxinNotts Posted 2 April Share Posted 2 April 1 minute ago, HankMarvin said: Pressure isn’t off it’s more than ever, parachute payments lessen with every season. Edit (misread if we go up) No, fair enough. I didn’t mention a staying down scenario. it’s absolutely essential we go up this season. I’m 100 times more concerned about not getting promoted. FFP doesn’t bother me at all …… unless we stay down. Then we’re ****ed Link to comment Share on other sites More sharing options...
JimmyC74 Posted 2 April Share Posted 2 April (edited) 24 minutes ago, Gamble92 said: If it's only that then I don't think we should sell anyone we don't need to if we go up. Id rather start with -6 and KDH etc than know our books are balanced and be forced to make Alves and Braybrooke be the stars. Expectation is we will breach also for this financial period and need to significantly reduce our operating expenditure to avoid another penalty (as with Everton). Edited 2 April by JimmyC74 Link to comment Share on other sites More sharing options...
beepee1984 Posted 2 April Share Posted 2 April We are getting a points deduction for many years at this rate. 90 million loss, 2 years in a row and we spent last summer. Have we made a profit this year and if so is it a 75 million profit? Players out of contract, how are we going to attract players without spending money? Link to comment Share on other sites More sharing options...
Muzzy_no7 Posted 2 April Share Posted 2 April 20 minutes ago, Pub breath said: Leeds have largely kept operating costs well under control and also posted (from memory) the 8th highest commercial revenue figures in the PL last season. The transfer spending has been funded by a combination of a huge uptick in revenue from championship to PL and allowable losses. The simple measure of net spend on transfers won't tell you a whole lot. We never got too carried away with wages which is often what cripples clubs who fail PSR. I suspect your club submitted a plan to the EFL and that’s why you’ve been left alone. The plan being all the players you have out on loan will be sold before June 30th. Leicester got 30m more revenue in the PL than Leeds, even without Europe. Link to comment Share on other sites More sharing options...
foxes4life Posted 2 April Share Posted 2 April 11 minutes ago, Muzzy_no7 said: I suspect your club submitted a plan to the EFL and that’s why you’ve been left alone. The plan being all the players you have out on loan will be sold before June 30th. Leicester got 30m more revenue in the PL than Leeds, even without Europe. Leeds' haven't released their figures for 22/23 yet, so not sure if the revenue point is correct as all figures seem to put our PL and Europa Conference earnings together, will be interesting to see though once they do release, see how they compare. Link to comment Share on other sites More sharing options...
tetly Posted 2 April Share Posted 2 April Can the club sell the training ground to king power group or do they already own it? Link to comment Share on other sites More sharing options...
Chelmofox Posted 2 April Share Posted 2 April 7 minutes ago, tetly said: Can the club sell the training ground to king power group or do they already own it? How could we be a sustainable club if we don't own any of our assets? Link to comment Share on other sites More sharing options...
Sly Posted 2 April Share Posted 2 April (edited) 4 minutes ago, Chelmofox said: How could we be a sustainable club if we don't own any of our assets? In theory, businesses have companies within groups they could literally then hire the use of facilities to each other. So if King Power Limited were to own it, they could hire it to Leicester City Limited for anything from a £1 / year, to £30,000,000 a year. If Leicester own it, they could sell it to King Power cor £250,000,000 come May 31st and clear all debt etc, however I’m pretty sure that’s what fell Foul of the Derby situation and it all got very messy. The issue we have, who wants to buy us? If King Power stop pouring money in, we are stuck. Do we want to be sustainable on paper to flaunt the rules, are actually sustainable, which in long term reality, we won’t compete where they club tell us they want to be. Edited 2 April by Sly Link to comment Share on other sites More sharing options...
VLC86 Posted 2 April Share Posted 2 April 59 minutes ago, beepee1984 said: We are getting a points deduction for many years at this rate. 90 million loss, 2 years in a row and we spent last summer. Have we made a profit this year and if so is it a 75 million profit? Players out of contract, how are we going to attract players without spending money? Is this a serious question? Link to comment Share on other sites More sharing options...
weller54 Posted 2 April Share Posted 2 April 18 minutes ago, tetly said: Can the club sell the training ground to king power group or do they already own it? Make a great Lldl Superstore. 1 Link to comment Share on other sites More sharing options...
Gamble92 Posted 2 April Share Posted 2 April I'm just trying really hard to work out the strategy once relegation hit us. Tell both the EFL AND PL that we won't show accounts because we don't need to show either, then give a new manager some backing financially in the meantime, hope we are so far clear by the point all this comes to light? Link to comment Share on other sites More sharing options...
iancognito Posted 2 April Share Posted 2 April 4 hours ago, Pub breath said: There was a comment made to the Leeds journo at the Athletic, that we're fine. We would have been close to failing were it not for the sale of Luis Sinisterra but with that sale, we're fine. Guess we'll know more in the coming days but nobody around the club seems at all concerned about it. The Leeds wage bill will be far far lower because they only had 2 or 3 seasons back in the top flight and at no point were they ever pushing on for European places or competing with top half clubs for players, we spent 10 years giving everyone at the club incremental increases in wages and ridiculous signing on fees with their new deals. They also never wrote off £190m in players given away on free transfers. They'll have losses but nothing like the catastrophic figures we put out. 1 Link to comment Share on other sites More sharing options...
splinterdream Posted 2 April Share Posted 2 April Can anybody say without a doubt, we aren't getting a points deduction this season? There's going to be a massive push from now for us to be punished this season, and some saying that it is within the realms of possibility for this to happen, think we need to brace ourselves. Link to comment Share on other sites More sharing options...
iancognito Posted 2 April Share Posted 2 April 17 minutes ago, Gamble92 said: I'm just trying really hard to work out the strategy once relegation hit us. Tell both the EFL AND PL that we won't show accounts because we don't need to show either, then give a new manager some backing financially in the meantime, hope we are so far clear by the point all this comes to light? Basically yes. They would have had these figures pencilled in since last summer. You look at the squad we had left and think shit or bust. If we stay down we're going to make multi million losses for every year without TV money. So you go out and buy several million pounds worth of talent. Mavididi, Coady, Winks, Hermansen, Cannon etc. and handing out deals to the likes of Wanya and Hamza to keep up their value. All the time knowing if you get up you may have to pay a fine to the EFL (again) but at least we won't be losing as many millions and if we don't get up we have assets to sell. Then the PL committee starts handing out ACTUAL points deductions not fines and you shit yourself. 1 Link to comment Share on other sites More sharing options...
Beachyboy Posted 2 April Share Posted 2 April 1 hour ago, Swarles Barkley said: Genuinely at this point unsure if its better to go up or stay down. Go up, start on negative points, can’t sign anyone as who would come and can we spend anything anyways. Stay down, get a points deduction and hope we get play offs. What a shitshow Rudkin and Whelan should have been instantly fired for this mess. Utter disgrace Get a Positive Claudio type figure goal is simple 50 points in prem, 100 in the championship minus the points deductions give us a fighting chance. Link to comment Share on other sites More sharing options...
RonnieTodger Posted 2 April Share Posted 2 April (edited) Remember when people were writing this off because it came from The Sun Edited 2 April by RonnieTodger 1 3 Link to comment Share on other sites More sharing options...
iancognito Posted 2 April Share Posted 2 April 6 minutes ago, splinterdream said: Can anybody say without a doubt, we aren't getting a points deduction this season? There's going to be a massive push from now for us to be punished this season, and some saying that it is within the realms of possibility for this to happen, think we need to brace ourselves. Wasn't that what the lawyers sorted out the other week when they made the EFL admit we weren't under their governance and didn't need a business plan? Effectively all they could then do was put us under an embargo, it was the only punishment left open to them. The lawsuits against them last week basically ensure that the proceedings will go to some sort of tribunal and nothing can now happen until those hearings take place after the summer. Everyone knew we'd post a loss. The scale of it is the surprise but relegation and loss of revenue would have made a minus figure inevitable. The thing we have to look out for is the double whammy. If we go up and get a deduction we then go back down and the EFL hit us in two seasons time. Link to comment Share on other sites More sharing options...
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