Am i deluded? Or just not getting it ?

Weller

Weller

Roofer
I know people will disagree and won't have a word said against him '
But where the fk is our multi billionaire chairman?? Is he not responsible for this club and it's finances?? Surely he must know the financial situation and has known for some time. Since the terrible death of his father we have just sunk lower Than a snakes belly , let's be honest this isn't the first time we've had this issue!!! Then there's the Rodgers fiasco ' he could have squashed that nonsense in an instant! But again nowhere to be seen. So my concern is has he got the will, desire ,the knowledge, and the finances? I personally think NO to all 4 questions.
I thank him and his family for everything they have done for our club and for the pleasure it's given me personally after 60 years of watching this great club!!
 
Weller said:
I know people will disagree and won't have a word said against him '
But where the fk is our multi billionaire chairman?? Is he not responsible for this club and it's finances?? Surely he must know the financial situation and has known for some time. Since the terrible death of his father we have just sunk lower Than a snakes belly , let's be honest this isn't the first time we've had this issue!!! Then there's the Rodgers fiasco ' he could have squashed that nonsense in an instant! But again nowhere to be seen. So my concern is has he got the will, desire ,the knowledge, and the finances? I personally think NO to all 4 questions.
I thank him and his family for everything they have done for our club and for the pleasure it's given me personally after 60 years of watching this great club!!
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With Rudkin and Whelan advising him, what chance has he got !!??
Someone on here reckoned his enthusiasm moves between Polo, Horse Racing, and Football, apparently he gets easily bored with one or the other in turn.
 
Since the untimely death of his father we have had 2 top 5 finishes (both of which should have been top 4 & which seems to have convinced them that we were but a couple of additions away from better - a mistake but we can all recall times in our pre-P&S past where we have castigated the club for not doing precisely that) and an FA Cup victory. That he & the board went all-in on Rodgers to the point where they backed him to the fullest whilst the playing side was turning to shit & consequently with it the Football Finance side was a dreadful mistake. That it felt like they couldn't get rid of Rodgers (whether because of the compo or just because they were all-in on him) until it was too late & a last desperate roll of the dice was an even worse mistake. Which is why we also now have a relegation to add to the list as well as a currently messy P&S financial situation.

But I don't know what you are asking of him now? To be more visible in terms of public announcements or what? To walk away? Please don't tell me you are asking for him to chuck more money at it to make the problem go away because as keeps getting explained that isn't how it works. If the owners were to turn their backs on the club now that would in my view be so much worse and would leave us in a far more perilous position. Whether he has the will & desire to see us through where we are at this moment, I couldn't say but I genuinely hope so because I think that is precisely what we need. As I say they have made big mistakes recently but far better I think that they learn the lessons and they navigate us through the current turmoil than abandon ship now.
 
Buzz, I'm not asking them to jack it in !!
Hence my question am I not getting it?
I had a haulage business for years ' all I remember is if things got sticky it was our responsibility to put it right either with extra effort or investment! But I would always have an idea what was under foot , top seems to be a million miles away from whatever is happening at the club financially or on a day to day basses, admittedly he pays people to do that for him but looking at the current picture he's not got much of a grip on that either.
 
Weller said:
Buzz, I'm not asking them to jack it in !!
Hence my question am I not getting it?
I had a haulage business for years ' all I remember is if things got sticky it was our responsibility to put it right either with extra effort or investment! But I would always have an idea what was under foot , top seems to be a million miles away from whatever is happening at the club financially or on a day to day basses, admittedly he pays people to do that for him but looking at the current picture he's not got much of a grip on that either.
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Has there been any official statement from the club, or is it media whipping our fans up. I do agree with above though why are they not doing or saying anything to help us fans!
 
Weller said:
Buzz, I'm not asking them to jack it in !!
Hence my question am I not getting it?
I had a haulage business for years ' all I remember is if things got sticky it was our responsibility to put it right either with extra effort or investment! But I would always have an idea what was under foot , top seems to be a million miles away from whatever is happening at the club financially or on a day to day basses, admittedly he pays people to do that for him but looking at the current picture he's not got much of a grip on that either.
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But from your time with your Haulage Business you will know that getting extra investment doesn't in and of itself improve profitability. It is what you do with it; some new vehicles, maybe more advertising for example. Hopefully that translates to increased business & with it hopefully increased profits (or at least reduced losses). We have not used our recent investment wisely (dodgy player purchases & supporting a bloated wage bill probably the most significant) and consequently profitability has decreased rather than increased to the point that it seems we may have exceeded the amount of loss we are allowed to make under a sporting competition rule, something your Haulage business was not subject to.

The extra effort at the moment has to focus on answering/fighting any P&S charges where we have a case, trying to mitigate the impact of any charges where we don't and, linked with that, attempting to get promoted with the resources available.

Mistakes were made in getting us to this position but with the possible exception of the prevarication around getting shot of Rodgers (and a level of loyalty to someone which in the circumstances seems increasingly hard to justify) it is hard to see it as a case of being asleep at the wheel so much as over-extension in the pursuit of success.
 
Foxontherun said:
Has there been any official statement from the club, or is it media whipping our fans up. I do agree with above though why are they not doing or saying anything to help us fans!
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"Today (Wednesday 6 March) the EFL has published a decision of the Club Financial Reporting Panel (CFRP), which confirms that the EFL’s Club Financial Reporting Unit (CFRU) acted outside of its powers in its dealings with Leicester City in November 2023.
Although the Club is pleased that the CFRP’s decision found in its favour, it is concerned that it was necessary for the CFRP to intervene in this way to prevent the CFRU from acting outside of established EFL rules.
Leicester City confirms it is in discussions with the football authorities regarding its profitability and sustainability calculations. Notwithstanding the CFRP’s decision, the Club remains committed to seeking an appropriate overall outcome in this matter."

This in response to the EFL news on Wednesday, nothing specifically in relation to the speculation yesterday on the PL's likely course of action though I think you can take it that the highlighted section covers both EFL and PL and that they are essentially saying in response to a specific event, "yes, the authorities are saying we have exceeded our loss threshold last season and are predicted to this year but we are busy fighting our corner." Unless and until there are charges (as seems likely in at least one case) I am not sure that there is much more to say.
 
I do believe that the scaremongering media has blown this out of proportion. Yes, we are sailing close to the wind and we have used a loophole, show me one team that wouldn't.

All I have read or heard from the media is "could" or "might" or " there's a chance". There are not any facts at all apart from what Buz has posted.

If its correct that we have until June 30th, then there are factors that could be included or maybe have already.

1. What about all the contracts that will come to an end then? Vardy £140k p/w. Wilf, Nacho etc.
2. Kristenson sale?
3. Sponsorship renewals?
4. Outside investment?

I haven't a clue and I wager that the media haven't either.
 
buz_not_buzz said:
But from your time with your Haulage Business you will know that getting extra investment doesn't in and of itself improve profitability. It is what you do with it; some new vehicles, maybe more advertising for example. Hopefully that translates to increased business & with it hopefully increased profits (or at least reduced losses). We have not used our recent investment wisely (dodgy player purchases & supporting a bloated wage bill probably the most significant) and consequently profitability has decreased rather than increased to the point that it seems we may have exceeded the amount of loss we are allowed to make under a sporting competition rule, something your Haulage business was not subject to.

The extra effort at the moment has to focus on answering/fighting any P&S charges where we have a case, trying to mitigate the impact of any charges where we don't and, linked with that, attempting to get promoted with the resources available.

Mistakes were made in getting us to this position but with the possible exception of the prevarication around getting shot of Rodgers (and a level of loyalty to someone which in the circumstances seems increasingly hard to justify) it is hard to see it as a case of being asleep at the wheel so much as over-extension in the pursuit of success.
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There was a job waiting for you a few year's ago 😉😉
 
FoxinRutland said:
I do believe that the scaremongering media has blown this out of proportion. Yes, we are sailing close to the wind and we have used a loophole, show me one team that wouldn't.

All I have read or heard from the media is "could" or "might" or " there's a chance". There are not any facts at all apart from what Buz has posted.

If its correct that we have until June 30th, then there are factors that could be included or maybe have already.

1. What about all the contracts that will come to an end then? Vardy £140k p/w. Wilf, Nacho etc.
2. Kristenson sale?
3. Sponsorship renewals?
4. Outside investment?

I haven't a clue and I wager that the media haven't either.
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You only need to consider the amount of stuff on here about the snotters' and everton's ffp woes to understand the amount of media interest in this story. Blown out of proportion? Probably not.
 
FoxinRutland said:
Yes, we are sailing close to the wind and we have used a loophole, show me one team that wouldn't.
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If I understood the rules correctly I hate that it was described as a loophole, it seemed to me that the EFL were trying to apply a rule for this year as if we were in the championship last year which, if so, is just bollocks. They can and probably will rewrite the rules of course but that doesn't make what they did this year any less egregious in my humble if biased opinion. But I may not be understanding it correctly.

FoxinRutland said:
1. What about all the contracts that will come to an end then? Vardy £140k p/w. Wilf, Nacho etc.
2. Kristenson sale?
3. Sponsorship renewals?
4. Outside investment?
Click to expand...
1. Won't impact this years accounts unless anybody has a contract that runs out before June 30th which seems unlikely, most are set to expire on June 30th I think so will see impacts in next year's accounts
2. Any sale that generates a profit on book value will improve our position for this season (but not last year's if we have exceeded the PL limit then)
3. I would expect that it will depend on contract end dates and if any better replacement deals and/or better still completely new deals can be cut in time (and assuming any such deals are not already included in the projections). Maybe they should look at selling sponsorship for the pigeons that fly around the ground? :D
4. Unfortunately unless it is in a form of turnover (i.e. by buying something) internal or external investment will not in itself change the P&L.

So a player sale or two does look the best bet if we can interest anyone that early in the window. But generally if we can generate some additional turnover by other means too it would obviously help.

But, yes, I agree that the picture is really not clear at this time of how close or how much over we are likely to be.
 
buz_not_buzz said:
If I understood the rules correctly I hate that it was described as a loophole, it seemed to me that the EFL were trying to apply a rule for this year as if we were in the championship last year which, if so, is just bollocks. They can and probably will rewrite the rules of course but that doesn't make what they did this year any less egregious in my humble if biased opinion. But I may not be understanding it correctly.


1. Won't impact this years accounts unless anybody has a contract that runs out before June 30th which seems unlikely, most are set to expire on June 30th I think so will see impacts in next year's accounts
2. Any sale that generates a profit on book value will improve our position for this season (but not last year's if we have exceeded the PL limit then)
3. I would expect that it will depend on contract end dates and if any better replacement deals and/or better still completely new deals can be cut in time (and assuming any such deals are not already included in the projections). Maybe they should look at selling sponsorship for the pigeons that fly around the ground? :D
4. Unfortunately unless it is in a form of turnover (i.e. by buying something) internal or external investment will not in itself change the P&L.

So a player sale or two does look the best bet if we can interest anyone that early in the window. But generally if we can generate some additional turnover by other means too it would obviously help.

But, yes, I agree that the picture is really not clear at this time of how close or how much over we are likely to be.
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The EFL knew exactly what they were doing - I view it similar to a profit warning being issued on us without our knowledge or consent whilst covering the wrong period.

Their behaviour stinks but they have been wanting to screw the club for the past decade.
 
Thinking some more about the EFL. The action they took would have been at the time when we looked to be walking away with the league and set for new points records etc. They probably thought the world needed to know that we were "cheating" our way there through over spending and reckoned it would blow over as we sailed back to the PL.

With the wheels having loosened in the past three weeks, it has created a messy situation. Could the club even sue the EFL for loss of a commercial position given the world will know there is a massive fire sale required to comply with EFL rules but the value of any assets eroded thanks to the EFL actions?

Modern football really does stink.
 
Time for some honest opinion here.
The the club has been run, in the last few years, worse than a chip shop.
I can't understand why Top allows his millions to be used/managed by a man with less experience than me in business.
Would new MU boss Jim Ratcliffe hire the Academy coach to be CEO?
Time to emply someone who knows his job. Premier level with non league executives.
Recipe for humiliation.
 
Oadlad said:
Time for some honest opinion here.
The the club has been run, in the last few years, worse than a chip shop.
I can't understand why Top allows his millions to be used/managed by a man with less experience than me in business.
Would new MU boss Jim Ratcliffe hire the Academy coach to be CEO?
Time to emply someone who knows his job. Premier level with non league executives.
Recipe for humiliation.
Click to expand...
So does this mean if we go up, we start with a points deduction, likely relegated, take the PL money for a season and that’s that, everything is back to normal ?

I always envy teams like Villa, they’ve been up and down recently and aren’t short of a Bob or two. They can still be just spending Grealish money can they ?
 
Oadlad said:
Time for some honest opinion here.
The the club has been run, in the last few years, worse than a chip shop.
I can't understand why Top allows his millions to be used/managed by a man with less experience than me in business.
Would new MU boss Jim Ratcliffe hire the Academy coach to be CEO?
Time to emply someone who knows his job. Premier level with non league executives.
Recipe for humiliation.
Click to expand...
Susan Whelan is the CEO
 
evingtonfox said:
With Rudkin and Whelan advising him, what chance has he got !!??
Someone on here reckoned his enthusiasm moves between Polo, Horse Racing, and Football, apparently he gets easily bored with one or the other in turn.
Click to expand...
Not so much horse racing as he sold a lot of good horses last season his father was a racing man
 
evingtonfox said:
With Rudkin and Whelan advising him, what chance has he got !!??
Someone on here reckoned his enthusiasm moves between Polo, Horse Racing, and Football, apparently he gets easily bored with one or the other in turn.
Click to expand...
Polo is number 1 for him.
 
Weller said:
I know people will disagree and won't have a word said against him '
But where the fk is our multi billionaire chairman?? Is he not responsible for this club and it's finances?? Surely he must know the financial situation and has known for some time. Since the terrible death of his father we have just sunk lower Than a snakes belly , let's be honest this isn't the first time we've had this issue!!! Then there's the Rodgers fiasco ' he could have squashed that nonsense in an instant! But again nowhere to be seen. So my concern is has he got the will, desire ,the knowledge, and the finances? I personally think NO to all 4 questions.
I thank him and his family for everything they have done for our club and for the pleasure it's given me personally after 60 years of watching this great club!!
Click to expand...
Have you ever in your life met anyone whose Dad had set them up in business not to be completely fucking useless.
 
Maybe just maybe instead of judging and accusing tops, who Birch told me flew back from London to watch the lads train back in the day when I questioned his family’s true intentions, we might consider the affect of his father’s death on his outlook about life and the ties with our club and city, name me any owners who’ve ever done more and achieved so much.
 
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