'Think Leicester'

[Igor]

I saw a Leicester fan been thrown off a bridge into a river at an FA cup tie in the mid 70’s at Filbert St. I was 12 and it still makes me snigger a bit.
The tension, buzz, atmosphere and excitement outside the turnstiles was electrifying compared to now where Leicester have some of the dullest fans going.
The modern game eh!

 

[Eskimo]

Think Sheffield Utd. We would have been there yesterday if we’d scored the chances we should have against Chelsea and then a few more against someone else. But when we’d won and Gary was crying in his crisps and Vardy into his chin who would have been the lid twat? And was anyone the lid twat yesterday?

 

[ISZA ⚔️]

Think Sheffield Utd. We would have been there yesterday if we’d scored the chances we should have against Chelsea and then a few more against someone else. But when we’d won and Gary was crying in his crisps and Vardy into his chin who would have been the lid twat? And was anyone the lid twat yesterday?

I pity anyone who had hope that this current team could win the FA Cup.

 

[Houso]

Bloody love a bit of fist shaking at the clouds when it comes to getting new owners.

Who are we complaining about and to?

 

[BushBlade]

Bloody love a bit of fist shaking at the clouds when it comes to getting new owners.

Who are we complaining about and to?

Wragg, Lavers, Brearly, Woolhouse, MacDonald, McCabe, PA, to each other.

 

[Davalon]

Better than 'Think Loughborough' that's for sure

Have we scored more goals than them yet?

#ifyouwannabearecordbreakeryeah

 

[him behind you]

So you’ve not then. Ah well you might be right, we need to look at how they did it.
Can you look into how we go into Administration to write off all our debts without any punishment and have a brand new stadium built with around 50% additional capacity (about 47,500 would be compatible for us)?
At which point we can look for a new billionaire owner to pick us up cheap. That would seem to be the start.

Wish I could give you a thousand likes Bob. Let's also not forget the interest free PFA loan to help pay players but which allowed them to sign more players with the money they could possibly have used to pay players without that loan. They were no better than the grubbies in s Barnsley.

 

[Withington Blade]

All clubs, even the elite ones, have been reliant on transfer profits for some time. That's a bubble that's going to burst eventually, probably hastened by events of the last 15 months.

As for well-run, Swiss Ramble produced this graphic, and you can see that from profit they've slid heavily into loss - which has itself been subsidised by their transfer successess. As a result, their debt has climbed. A lot of people like to use EBITDA as the profit measure but if you're going to buy players you've got to pay for them.

In 2019-20 Leicester's wage bill was £157m, which was higher than the club's total turnover.

Not only that, the turnover included shirt and stadium sponsorship by King Power (I term this "The Chansiri Model") which represented over half their total Commercial Income, so even the turnover is fake as it's not all coming from outside sources.

Well done Leicester on two major honours in a short time, which is more than the fans of middling provincial clubs can ever hope for (so I hope they appreciate it) but there's nothing to learn from this.

View attachment 112996

Not sure I agree with your first comment on the elite clubs being reliant on transfer profits given the net spend position of teams like Man City, Man U, Chelsea and even Everton over the last 5 to 10 years. Fair enough they bring in a few quid through sales, loan fees, etc, but they are still heavily in the red.

I didn’t appreciate their debt or skulduggery over shirt and stadium sponsorship...you can see where Chansiri took his inspiration! I was referring more to their transfer activity, which from the outside looking in (I haven’t scrutinised it in any detail) seems to have been on the money most of the time, recognising they will not get every signing right. Very crudely, if you look at their squad yesterday and what they paid for it in transfer fees and I would imagine it was assembled for a fraction of the cost of Chelsea’s squad. Ditto for the other ‘top 6’ teams. Then factor in the profits they made on Mahrez, Maguire, Kante, Chilwell, Drinkwater, etc, and it looks pretty impressive.

 

[BushBlade]

All clubs, even the elite ones, have been reliant on transfer profits for some time. That's a bubble that's going to burst eventually, probably hastened by events of the last 15 months.

As for well-run, Swiss Ramble produced this graphic, and you can see that from profit they've slid heavily into loss - which has itself been subsidised by their transfer successess. As a result, their debt has climbed. A lot of people like to use EBITDA as the profit measure but if you're going to buy players you've got to pay for them.

In 2019-20 Leicester's wage bill was £157m, which was higher than the club's total turnover.

Not only that, the turnover included shirt and stadium sponsorship by King Power (I term this "The Chansiri Model") which represented over half their total Commercial Income, so even the turnover is fake as it's not all coming from outside sources.

Well done Leicester on two major honours in a short time, which is more than the fans of middling provincial clubs can ever hope for (so I hope they appreciate it) but there's nothing to learn from this.

View attachment 112996

Who do they owe the debts to?

 

[Kelso]

Don’t like Leicester ever since we were robbed in a FA Cup Semi-Final a long time ago

I can remember that, always on the wrong end of decisions.

 

[Swinton Blade]

Have you sourced that Billionaire owner for us yet?

Having a billionaire would be easier but leicester have mainly spent money they received on transfer fees.

Plus you don't need to be a billionaire to buy Kante for £5m and Mahrez for £500k, that's down to scouting.

 

[Rudders]

Wish I could give you a thousand likes Bob. Let's also not forget the interest free PFA loan to help pay players but which allowed them to sign more players with the money they could possibly have used to pay players without that loan. They were no better than the grubbies in s Barnsley.

Didnt that player they signed (Scottish midfielder mcKinley) with the pfa money score against us? I can't quite remember but they had a very good side (including Deano?) That they got to keep And effectively cheated us out of promotion...

 

[Flatulent_Bob]

Having a billionaire would be easier but leicester have mainly spent money they received on transfer fees.

Plus you don't need to be a billionaire to buy Kante for £5m and Mahrez for £500k, that's down to scouting.

The billionaire funded an entire back room team which identified those players and ensured they could take the risk on those players as it didn’t matter if they didn’t pay off. Like the couple of £15-30M players which flopped and aren’t talked about. As in life it’s a lot easier to build a success business if you have significant finance behind you and you don’t have to worry about the consequences of failing. You can take so many more risks and then reap big rewards when they pay off.
The loan of Tielemans was an incredible coup and was expensive yet they could do it and then make it permanent.
To have a fair comparison we would have a complete free hand for the next few year with parachute payments to go for it with Slav. Rebuild the entire side and rebuild the stadium incurring sizeable debt, have it all written off with no punishment and then made available for sale. It really is comparing apples and oranges if people want us to speculate like Leicester have, without acknowledging the specific circumstances which have enabled them to be where they are.

 

[JJBlade]

Having a billionaire would be easier but leicester have mainly spent money they received on transfer fees.

Plus you don't need to be a billionaire to buy Kante for £5m and Mahrez for £500k, that's down to scouting.

Exactly
Leicester have brought in £520 million in transfer fees since they won the title four years ago.

But they achieved this by buying Premier League quality in the first place.

We've had our chances, and no end of them, but we have reached a point where only one thing will improve us and that's a multi billionaire with a hole burning in his pocket.

It's not going to happen, even traditionally smaller clubs than Rotherham, Barnsley and Doncaster in more attractive parts of the country will get these people investing before we do

We are reaching a point where the attractiveness of a football club like any other type of business is based absolutely on the area in which it is situated.

Sheffield and its people want poundland and that is what it has got, in every single sector of the place.

 

[Sean Thornton]

Even Poundland opinions.

 

[Houston_Blade]

Leicester City announce club-record loss of £92.5m in latest accounts for 2021/22 season

The figure is almost three times the loss they made the previous year (£31.2m) although is unusually high in part due to the Covid pandemic; Leicesters owners were prepared for the large deficit after deciding to increase their losses and maximise investment in the squad

www.skysports.com

FMBlade1

 

[Benny]

Probably not financial role models

 

[FMBlade1]

Leicester City announce club-record loss of £92.5m in latest accounts for 2021/22 season

The figure is almost three times the loss they made the previous year (£31.2m) although is unusually high in part due to the Covid pandemic; Leicesters owners were prepared for the large deficit after deciding to increase their losses and maximise investment in the squad

www.skysports.com

FMBlade1

Dang I don't even need to bump my own threads anymore.

And Leicester will be fine, sell Maddison and that's half that debt paid off already.

 

[Houston_Blade]

Dang I don't even need to bump my own threads anymore.

And Leicester will be fine, sell Maddison and that's half that debt paid off already.

If I were a Leicester fan I'd be worried that since this accounting period was completed they've invested in the likes of Harry Souttar and Wout Faes. they'd have been better with Basham and Egan.

 

[Silent Blade]

Dang I don't even need to bump my own threads anymore.

And Leicester will be fine, sell Maddison and that's half that debt paid off already.

If Leicester go down then Maddison's value will go down too

 

[Balham]

If I were a Leicester fan I'd be worried that since this accounting period was completed they've invested in the likes of Harry Souttar and Wout Faes. they'd have been better with Basham and Egan.

They also sold Fofana for £70m in the intervening period.

 

[Gimli]

It doesn’t bode well for our hopes of competing in the premier league (if we get there) to see these kind of figures when we already have the choice between i ) ‘Poundland Prince’ and ii ) Dozy who may or may not actually have any money.

Trific.

 

[Houston_Blade]

They also sold Fofana for £70m in the intervening period.

I was more commenting on the quality of players they were bringing in based on the OP being sure that Leicester were only making great signings. From what I've seen of them this season I'd say that they have a lot of shite in their squad and without finding some more Vardy/Maddison/Fofana/Kante type players they'll be heading for relegation battles in seasons to come.

 

[Balham]

I was more commenting on the quality of players they were bringing in based on the OP being sure that Leicester were only making great signings. From what I've seen of them this season I'd say that they have a lot of shite in their squad and without finding some more Vardy/Maddison/Fofana/Kante type players they'll be heading for relegation battles in seasons to come.

Think Southampton.