Stephen Bettis live on Football Heaven tonight (6-7pm)

[KMC-1889]

Have we paid £10m for Cannon?

It was brought up to Bettis during the FH heaven interview and he didn’t challenge the £10m figure. Even if he can’t disclose the actual amount he could have confirmed we didn’t pay that much.

 

[Sean Thornton]

It was brought up to Bettis during the FH heaven interview and he didn’t challenge the £10m figure. Even if he can’t disclose the actual amount he could have confirmed we didn’t pay that much.

Well that’s all the proof l need then.

 

[KMC-1889]

Well that’s all the proof l need then.

Well it’s a lot more solid than ‘a mate of widz told me he definitely didn’t pay that much’.

 

[Pedro's Winger]

Link?

Does the charge go into this detail?

The football finance academic fella posted the filings online.
Might actually be a bit more as there was reference to amounts Leicester owed in sell-on fees being taken off the amounts they were borrowing against our instalments. If that makes sense.

 

[Sean Thornton]

Well it’s a lot more solid than ‘a mate of widz told me he definitely didn’t pay that much’.

I’ve made no claim either way. I tend to leave making things up to General Chat……

I am interested to see the details of Leicesters Macquarie bank transaction detailing the transfer details and Cannons salary though!

 

[Sean Thornton]

The football finance academic fella posted the filings online.
Might actually be a bit more as there was reference to amounts Leicester owed in sell-on fees being taken off the amounts they were borrowing against our instalments. If that makes sense.

Don’t tell me, you’re too busy to post the link?

Which “fella”

Edit

Maguire. Just need the transfer agreement to dot the i’s and cross the t’s but it does suggest a down payment in January taking it to £10m. In which case someone at the club needs sacking.

 

[GlosBlade]

Sean Thornton i put the following in the Cannon thread a few weeks ago. Reads to me very much that we still owe Leicester £5.68m for future instalments for Cannon. That said I’d be really pleased to know we weren’t definitely on the hook for this money.

Kieran Maguire on X this morning talking about Leicester City loans from Macquarie Bank against instalments due on players sold . Seems we are still on the hook for £5.68million on future instalments for Tom Cannon.

View attachment 222971

 

[Addison]

Don’t tell me, you’re too busy to post the link?

Which “fella”

Edit

Maguire. Just need the transfer agreement to dot the i’s and cross the t’s but it does suggest a down payment in January taking it to £10m. In which case someone at the club needs sacking.

We owe three future installments of £1,893,750 on 1 July 2026, 1 February 2027 and 1 September 2027. Leicester have borrowed against these figures. They've also done the same with money owed by Weeds. This suggests Cannon's total fee may be in the region of £10 million with around 50% of the total paid up front. The other £5.6 million still owed. You have to hope we didn't pay as much up front. Leicester have had our pants down!

 

[Sean Thornton]

We owe three future installments of £1,893,750 on 1 July 2026, 1 February 2027 and 1 September 2027. Leicester have borrowed against these figures. They've also done the same with money owed by Weeds. This suggests Cannon's total fee may be in the region of £10 million with around 50% of the total paid up front. The other £5.6 million still owed. You have to hope we didn't pay as much up front. Leicester have had out pants down!

I’d expect Macquarie would be unlikely to lend on possibles - goals, appearances, caps etc - so the actual fee would be £5.6m PLUS any initial payment. What a shitshow our big fee striker signings have been.

 

[Pedro Verde]

Because how he came over was woeful

He was honest with his answers

He's out of his depth, as are our absent owners

Hes an accountant (hes probably pretty good at that) who answers to the owners

He's one of the reasons why we are where we are.

So hes responsible for team selection tactics and selecting the players we sign

We had two PL chances to set us up for the future and couldn't take them.

See above

 

[54yrblade]

He was honest with his answers

Hes an accountant (hes probably pretty good at that) who answers to the owners

So hes responsible for team selection tactics and selecting the players we sign

See above

If you're happy with that performance - fill your boots.

If he's across a table from me in the corporate world, I'm not coming away impressed.

It said more than the club will be comfortable with. And not in a positive way.

 

[Sean Thornton]

Table 18.

 

[TJ blade]

He also said Chris Wilder has told him Tom Cannon has been doing really good things in Training..

What like he's learned at last to tie his boot laces

 

[Sean Thornton]

What like he's learned at last to tie his boot laces

Adidas Predator Velcro

 

[Balham]

We owe three future installments of £1,893,750 on 1 July 2026, 1 February 2027 and 1 September 2027. Leicester have borrowed against these figures. They've also done the same with money owed by Weeds. This suggests Cannon's total fee may be in the region of £10 million with around 50% of the total paid up front. The other £5.6 million still owed. You have to hope we didn't pay as much up front. Leicester have had our pants down!

More likely is that the fee was split into four equal parts for a total of £7,575,000; or about £7,500,000 too much

EDIT: I missed the bit about the sell-on fee in the link. Leicester paid about £6.5m up front for Cannon so adding in a 25% profit on sale (pretty standard) to the figures above would take the total up-front fee to £8m.

£8,000,000 - (£1,500,000 * 0.25) = £7,625,000.

Don’t tell me, you’re too busy to post the link?

Which “fella”

Edit

Maguire. Just need the transfer agreement to dot the i’s and cross the t’s but it does suggest a down payment in January taking it to £10m. In which case someone at the club needs sacking.

We did sack the person responsible, only we've since reinstated him because we're run by amateurs.

 

[Pedro Verde]

If you're happy with that performance - fill your boots.

He answered the questions put to him. What more did you expect ?

If he's across a table from me in the corporate world, I'm not coming away impressed.

Was he trying to impress anybody ? Hes done an interview with local radio an interview he didnt have to agree to and answered the questions he was asked. Did you want him to go into all the financials that are quite rightly confidential. Tell everybody how much cash we have available (if any) to spend in the JTW and all CWs targets He said there was a plan for the JTW.

It said more than the club will be comfortable with. And not in a positive way.

So he was being honest with his answers then ?

 

[TJ blade]

We owe three future installments of £1,893,750 on 1 July 2026, 1 February 2027 and 1 September 2027. Leicester have borrowed against these figures. They've also done the same with money owed by Weeds. This suggests Cannon's total fee may be in the region of £10 million with around 50% of the total paid up front. The other £5.6 million still owed. You have to hope we didn't pay as much up front. Leicester have had our pants down!

Probably Leicester had a word with Liverpool, who said get sheff utd on the phone there as soft as shit

 

[FH Team]

any links?

Watch on the @BBCSport website https://bbc.in/BettisSW

Listen on @BBCSounds https://bbc.in/BettisSounds

 

[FriethBlade]

Well that’s all the proof l need then.

So how much do you think we paid for him then

 

[ATL Recs]

Handing my beloved club to CoH was like giving a matchstick model to a gorilla.
They'd no idea what to do with it so they smashed it up.
How arrogant , to buy a business in a foreign country , of which you have utterly no knowledge or experience and then proceed to make devastating decisions , off the cuff.

Bettis admitting the manner of Selles appointment says it all.

Clowns , the lot of

Yes it is , with seller's signings.

Wilder did ok with Heckys signings

 

[Blade59]

You appreciate Bettis is the CEO?

So him coming on air and admitting we don't have a clear strategy is pretty nuts.. part of his role is to formulate such a strategy.

If I turned up to an appraisal at work and said I was shit at my job and don't have a clue what I'm doing and have no plans for resolving that, I'm not sure they'd appreciate it.

Yes I do appreciate he is CEO. I am not saying I think he is a good one but he has to operate within the framework set for him by the owners. He should have probably put up a stronger argument to not sack Wilder and should certainly have questioned the rational behind appointing Selles. Ultimately however if the owners were set on that course of action then he had to implement it. He could have resigned himself if he felt strongly enough but the owners would have just appointed someone else to implement their decisions. As one business owner I worked previously used to make it clear no matter how high up you were still just a hired hand.

 

[Sean Thornton]

So how much do you think we paid for him then

I have no idea. Like most people. And l’m not afraid to admit it.

 

[Sean Thornton]

You appreciate Bettis is the CEO?

So him coming on air and admitting we don't have a clear strategy is pretty nuts.. part of his role is to formulate such a strategy.

If I turned up to an appraisal at work and said I was shit at my job and don't have a clue what I'm doing and have no plans for resolving that, I'm not sure they'd appreciate it.

Maybe, just maybe, his role is to put in place a strategy formulated by the owners? Unless you’ve seen his job spec.

 

[Sean Thornton]

Yes I do appreciate he is CEO. I am not saying I think he is a good one but he has to operate within the framework set for him by the owners. He should have probably put up a stronger argument to not sack Wilder and should certainly have questioned the rational behind appointing Selles. Ultimately however if the owners were set on that course of action then he had to implement it. He could have resigned himself if he felt strongly enough but the owners would have just appointed someone else to implement their decisions. As one business owner I worked previously used to make it clear no matter how high up you were still just a hired hand.

Bit left field for this forum. The Captains of Industry on here won’t agree.

 

[Snowflake]

You appreciate Bettis is the CEO?

So him coming on air and admitting we don't have a clear strategy is pretty nuts.. part of his role is to formulate such a strategy.

If I turned up to an appraisal at work and said I was shit at my job and don't have a clue what I'm doing and have no plans for resolving that, I'm not sure they'd appreciate it.

Perhaps he did produce a clear strategy that was not accepted. Hence we have no clear strategy.
It may be that his strategy was poor or it could be that the owners don’t recognise one !!

 

[Pedro's Winger]

More likely is that the fee was split into four equal parts for a total of £7,575,000; or about £7,500,000 too much

EDIT: I missed the bit about the sell-on fee in the link. Leicester paid about £6.5m up front for Cannon so adding in a 25% profit on sale (pretty standard) to the figures above would take the total up-front fee to £8m.

£8,000,000 - (£1,500,000 * 0.25) = £7,625,000.



We did sack the person responsible, only we've since reinstated him because we're run by amateurs.

Given we bought him in Jan 2025 it's highly unlikely we only paid one instalment prior to July 2026, particularly when Leicester are in financial trouble.
5 x £2m is more likely with the reduction to £1.9m due to Leicester down to the sell-on clause they've got with Everton or whoever sold him.
It's also possible the fee was more than £10m which might be why the club aren't unhappy with the £10m reported.
Either way, hoping we paid less than £10m seems very wishful thinking from the available facts and reporting.

 

[FriethBlade]

I have no idea. Like most people. And l’m not afraid to admit it.

Be a boring site if all we discussed was stuff we knew the answer to. Anyway if the BBC isnt a reputable site we may as well not bother reading anything, plus Bettis didnt dispute the amount unlike the AI purchases which he said cost less than the quoted 3m.

 

[Houston_Blade]

They never spend any of their own money.

Essentially we are run by potless idiots. Great.

Only in football is this seen as a bad thing, I imagine that with their other businesses they take money out rather than put it in. Maybe they don’t want to waste this on a football club.

 

[raimond]

Because ther last film [The Electric State] was such a roaring success?

Netflix's biggest flop​

Netflix is no stranger to taking big swings, but not all of them land. Earlier this year, the streamer released The Electric State, a $320 million sci-fi adventure from directors Joe and Anthony Russo.

That price tag made it the most expensive original film Netflix has ever produced. But the return? Not what the company hoped for. According to Decider, the movie drew only 25.2 million global views in its debut weekend - far below other high-budget titles like Carry-On or The Gray Man.

Critics were not kind either. Business Insider reported that the film was widely panned, earning a bleak 15–17 percent rating on Rotten Tomatoes. Reviews called it “dumb,” “unfunny,” and “overpriced,” with many questioning why Netflix poured so much money into a project that failed to connect with audiences.

The streaming giant has invested heavily in original movies, spending billions over the past few years, but The Electric State now stands as the company’s most high-profile misfire

No but their next one sounds great, well worth a watch. Apparently it's a mockumentary type comedy- an elaborate set up but it's about these slapstick types who buy a football club for a bet.

Due to some sort of blackmail carry on, they kidnap this Irish footballer, and have to replace him with one of their nephews- an absolute simpleton who's never kicked a ball in his life. But as a cover up because the Irish lad's worth several million, they then have to take over the club and buy a load of absolute shite, so the simpleton imposter up front sort of blends in.

Sounds far fetched like but should be worth a giggle.


'ANGONAFUCKINMINUTE

 

[Cheets]

H

Why would Wilder phone an accountant 3 times a day to discuss transfers?

Because they need to be funded?