89.7 m losses

Amazing a thread that's had a lot of good input from contributors without degenerating into expletive filled aggression.

Good thread 👍
 
I appreciate all the insights from Buzz and others. I am just hoping that the punishments are not insuperable, and are limited to the next 3 years. I am also hoping that it leads to necessary management changes - the CEO surely has to go, just for not sacking Rudkin, if nothing else.

The core problem is that the First Team players acquired in 2019, 2020, 2021 and 2022 have so far proved both poor, expensive in wages, and unsaleable for worthwhile money, with the exception of Fofana, and I suppose Castagne:
2019 - Justin, Perez, Tielemans, Praet
2020 - Castagne, Fofana
2021 - Daka, Soumare, Bertrand, Vestegaard
2022 - Faes, Kristiansen, Souttar (the latter two bought Jan 2023)

The recruitment has been shockingly poor - blame Rodgers, Congerton and Rudkin

Contrast that with Brighton, who in 2022/3 financial year sold Cucurella, Trossard, Bissouma and Macallister for very big money (plus Caicedo in the current financial year), yet without suffering a dip below mid table, and now full of good young new recruits, mainly from S America.
 
Bradnor said:
I appreciate all the insights from Buzz and others. I am just hoping that the punishments are not insuperable, and are limited to the next 3 years. I am also hoping that it leads to necessary management changes - the CEO surely has to go, just for not sacking Rudkin, if nothing else.

The core problem is that the First Team players acquired in 2019, 2020, 2021 and 2022 have so far proved both poor, expensive in wages, and unsaleable for worthwhile money, with the exception of Fofana, and I suppose Castagne:
2019 - Justin, Perez, Tielemans, Praet
2020 - Castagne, Fofana
2021 - Daka, Soumare, Bertrand, Vestegaard
2022 - Faes, Kristiansen, Souttar (the latter two bought Jan 2023)

The recruitment has been shockingly poor - blame Rodgers, Congerton and Rudkin

Contrast that with Brighton, who in 2022/3 financial year sold Cucurella, Trossard, Bissouma and Macallister for very big money (plus Caicedo in the current financial year), yet without suffering a dip below mid table, and now full of good young new recruits, mainly from S America.
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look at 2021 what a fiasco.
 
Even allowing for the losses the club has a net worth of almost £60 million
This follows Kingpower converting £190m into equity
The club is not a basket case and promotion to the Premier League should
again take our turnover back to the £170million plus mark
We need to bring our wages into line and we have a number of high earners
leaving at the end of the season and who left last season
The £208 million wage bill will be slashed and no high compensation payments will
be incurred after the Rodgers fiasco
The club needs to bring in a new DOF and Chief Executive to ensure we are managed
better going forward
We will take the points deduction and the club should be on a better financial footing
We need to build on the nucleus of players we have now and trust we can survive the
first year in the Premier League
There will still be the likes of Fulham Brentford Bournemouth Trees Everton Wolves where
we can compete
The fans need to keep the faith make the Kingpower more difficult to achieve results and in the
words of Micky Adams
KEEP THE FAITH 😀
 
wints said:
When I used to prepare accounts for the business I worked for our buildings were depreciated at 2% per annum and other assets, eg computers etc were depreciated at 25% per annum.
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Were the buildings built on land owned by the business you worked for .
 
Problem is the big 5 or 6 are able to generate large revenues due to merchandise sales all across the world and also have large stadiums, so they can generate cash that way
 
Bradnor said:
I appreciate all the insights from Buzz and others. I am just hoping that the punishments are not insuperable, and are limited to the next 3 years. I am also hoping that it leads to necessary management changes - the CEO surely has to go, just for not sacking Rudkin, if nothing else.

The core problem is that the First Team players acquired in 2019, 2020, 2021 and 2022 have so far proved both poor, expensive in wages, and unsaleable for worthwhile money, with the exception of Fofana, and I suppose Castagne:
2019 - Justin, Perez, Tielemans, Praet
2020 - Castagne, Fofana
2021 - Daka, Soumare, Bertrand, Vestegaard
2022 - Faes, Kristiansen, Souttar (the latter two bought Jan 2023)

The recruitment has been shockingly poor - blame Rodgers, Congerton and Rudkin

Contrast that with Brighton, who in 2022/3 financial year sold Cucurella, Trossard, Bissouma and Macallister for very big money (plus Caicedo in the current financial year), yet without suffering a dip below mid table, and now full of good young new recruits, mainly from S America.
Click to expand...
That's one thing we don't do explore the south American markets.
 
Can't really see any way that we're spending more than £5m a year on the lezzies, so no great get-out clause there.....
 
MeltonFox said:
Problem is the big 5 or 6 are able to generate large revenues due to merchandise sales all across the world and also have large stadiums, so they can generate cash that way
Click to expand...
We need a KP subsidy to buy millions of shirts from us, export them to Thailand and take the hit on loss of sales in the Thai/Far East markets..
 
MeltonFox said:
Problem is the big 5 or 6 are able to generate large revenues due to merchandise sales all across the world and also have large stadiums, so they can generate cash that way
Click to expand...
Officially maybe, but how often do you see a kid in a Man City shirt, outside Manchester?
 
Whuru said:
I reiterate if Top says the club is on a strong financial footing why doubt the bloke
We are a trading loss within the Kingpower company set up
FFP is set up to ensure another club like Leicester does not break the glass ceiling
Ask the Geordies that, they have hundreds of millions to spend and can’t open the wallet
Keep cool and focus on getting promoted 😀
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Fool believing what top says
 
Bradnor said:
I appreciate all the insights from Buzz and others. I am just hoping that the punishments are not insuperable, and are limited to the next 3 years. I am also hoping that it leads to necessary management changes - the CEO surely has to go, just for not sacking Rudkin, if nothing else.

The core problem is that the First Team players acquired in 2019, 2020, 2021 and 2022 have so far proved both poor, expensive in wages, and unsaleable for worthwhile money, with the exception of Fofana, and I suppose Castagne:
2019 - Justin, Perez, Tielemans, Praet
2020 - Castagne, Fofana
2021 - Daka, Soumare, Bertrand, Vestegaard
2022 - Faes, Kristiansen, Souttar (the latter two bought Jan 2023)

The recruitment has been shockingly poor - blame Rodgers, Congerton and Rudkin

Contrast that with Brighton, who in 2022/3 financial year sold Cucurella, Trossard, Bissouma and Macallister for very big money (plus Caicedo in the current financial year), yet without suffering a dip below mid table, and now full of good young new recruits, mainly from S America.
Click to expand...
Don't get me started on the transfer debacle since January 2016.

Brighton also 'sold' their manager, entire coaching staff and Technical Director for significant sums (mainly Chelsea's money) but not sure what accounting years they all fell in to.
 
Seagrave, is probably not much further from Snottinham, dump it on them.

I can remember a few years ago, Man city said they have sponsors to name their new stadium who were going to pay a mind boggling fee for the sponsorship rights. Yes, surprise surprise Etihad the clubs owners. The PL cottoned on to that one.
 
JohnMitten said:
Seagrave, is probably not much further from Snottinham, dump it on them.

I can remember a few years ago, Man city said they have sponsors to name their new stadium who were going to pay a mind boggling fee for the sponsorship rights. Yes, surprise surprise Etihad the clubs owners. The PL cottoned on to that one.
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We did the same so your point is what precisely?
 
buz_not_buzz said:
Doing a deal isn't the point, if you are an entity associated with the club you just have to be able to be assessed as paying a fair market value for such a deal (i.e. not inflating sponsorship to disguise investment).
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Which is why we did a deal. The amount KP paid for naming rights was beyond reasonable or fair commercial value hence why we paid. The rules were vague and difficult to prove/enforece so we took it on the chin and moved on - the League trousered the cash and moved on too.
 
Pen4 said:
Which is why we did a deal. The amount KP paid for naming rights was beyond reasonable or fair commercial value hence why we paid. The rules were vague and difficult to prove/enforece so we took it on the chin and moved on - the League trousered the cash and moved on too.
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Are you talking about the commercial deal we had with Dave Richards and/or lad & connections with their funny looking business? I don't think it was related to the ground but to some spurious marketing deal but, yes, I think it was the EFL's suspicion was that given the nature of the deal it was investment disguised as commercial activity.
 
buz_not_buzz said:
Are you talking about the commercial deal we had with Dave Richards and/or lad & connections with their funny looking business? I don't think it was related to the ground but to some spurious marketing deal but, yes, I think it was the EFL's suspicion was that given the nature of the deal it was investment disguised as commercial activity.
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We did a deal - so my point was valid -we have history of breaking rule(as do many Clubs)

Whether the rules have merit is a different topic
 
Pen4 said:
We did a deal - so my point was valid -we have history of breaking rule(as do many Clubs)
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I was just suggesting that it wasn't quite the same situation as originally discussed although, yes, the suspicion was a break of the rules. And, as you said before, whether we did or not a deal was done with the EFL (which was hardly the actions of a wholly innocent party).
 
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