Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers....

Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

Not the definition I would have used necessarily but is a fairly standard description of debt equity deals.

 

Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

Hope so. More the merrier. Perhaps a review each weekend on here from you?

 

I'll sure try if I can, sometimes depending where I am in the country (depending on work) I could struggle. I've got you added to Tapatalk now so happy days!

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Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

"We've done everything right financially over the last year and a half"

I loved this quote showing how football fans deluded themselves over the last two seasons Leicester have posted financial losses of £29.7 million and £34 million pounds if that's running a club correctly then **** me!!!!!!!!!

 

Do other Barnsley fans get annoyed with this embarrassment of an unfortunate representation of your club?

You're talking absolute nonsense. Do you know the breakdown in the slightest of our debt?

Because all I've seen is you link me to a page which confirms the value of the club has gone up from £39m to £113m. Everyone involved with Leicester are ecstatic we're now debt free.

You simply don't get it. It's not even funny anymore.

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Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

So did you or did you not lose £34m last season?

 

Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

You sound like a decent bloke but to be honest this entire thread shows everything that is wrong with football today, regardless of opinions. The whole thread is about different opinions and interpretations of debt, equity, profit, loss, income, expenditure, assets, liabilities etc etc. Hardly anywhere is there a mention of the actual game. To me, that's what football has become and I'm fed up of it.

 

Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

http://www.theguardian.com/football/2014/mar/05/wage-bills-leicester-city-nottingham-forest-losses

http://www.bbc.co.uk/sport/0/football/26422288

So you didn't post the losses I outlined above? To clarify you didn't lose 29.7 million and £34 million in your last two annual reports.

Here to go because you don't want to face the truth doesn't mean it isn't there. Look at the definition of debt equity schemes.

Cheats carry on cheating.

 

Thanks, and I agree regarding the money in the game. I'm not sure how any fans can moan about it though, it's out of our hands what happens with our clubs unfortunately. All we can do is support and I know we're at the best place financially now than what we have been previously no matter what it might look like from the outside.

Just look at Bolton: http://www.bbc.co.uk/sport/0/football/25559504

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Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

It's ok then if Bolton are at it.

At least we know why Gartside wanted the PL to be a closed shop.

 

Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

When I started this thread, it wasn't my intention to criticise Leicester - it was to put some realistic perspective on our own performance and the differential between the opposite ends of the league.

I hope the new Leicester members are not too put out and will stick around. They are historically a more successful club of course, but in my time of following the Reds, we have always been well matched and have had some decent ding dongs over the years.

There have been a lot of details flying around today concerning the financial workings of City and one thing is clear, we do operate on very different financial footings as the original post suggests.

Another clear issue is the way Leicester's situation is perceived by another club's supporters and likely by others. Our perception is obviously based on media reporting and it is obvious that some of this conflicts with the Fox lads' own opinions and understanding of the business end at City. I would be concerned how my club is being represented, if there has been inaccurate reporting.

The ethics of such a business practice is something else and that is really down to an individual's moral centre and their idea of fair play. But my point was and still is, the nature of last night's defeat in respect to how we operate financially, compared to the other 'don't haves' who are prepared to go the credit route to achieve success.

 

You're not the brightest if you think that's what I was insinuating pal.

Unfortunately there isn't a public document that shows all clubs current debts (accumulated over 8 years plus, like ours was).

I've already said I don't agree with the money in football, however what you are missing though is the fact we're debt free now (yes you read correctly, debt free right now). Alongside the fact there are many clubs who are in a lot worse of a financial position than ourselves so I can't see why some of your fans are hanging on to it like they are.

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It's fine and yeah I'll stick around. I still don't agree that I'd rather be a Barnsley fan than a Leicester fan considering everything, but hey we'll agree to disagree.

We have owners who are second to none, but again that's only something you'd learn over time as a Leicester fan, they could've easily pulled the trigger on Pearson after last season and now they're reaping their rewards along with the rest of us.

The debt we mounted was over 8 years and we all know what happened under Sven which has earnt us a bad label. The club is now debt free and worth £74m more than what they bought it for a few seasons back.

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Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

So you weren't insinuating that but your last sentence says "there are many clubs in a lot worse of a financial position than ourselves". Ok. Let's just agree that you're being very ambiguous then.

 

Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

I quite like Leicester. And your manager and current squad. I mean, look at that XI last night. Basically four wingers (De Laet and Schlupp are so good going forward despite playing full back), Drinkwater is the best central midfielder in the division, James has really come on, Knockaert is exceptional in this division, the front two work so hard and so well together (Vardy is a bellend, mind), the centre halves are solid, and the keeper is far and away the best in the league.
I enjoyed watching you. Hard working, played with no fear, confidence, and speed. Yes, it's been put together using lots of money compared to us, and most other clubs, but you're a supporter, you merely pay your money and support your club. I've no gripes with you. I think some of your fans last night were bellends with the arrogant chants etc, because we seriously wouldn't be doing the same unless we were playing a local rival.

I wish you the best next season, as I do most supporters of any club. Especially fans who support their local club or 'family' club etc. And I hope you do stick around. But Jimmy Cricket is a decent fella on here and certainly doesn't embarrass me.


Please look after Drinky. I remember reading thread after thread on FoxesTalk criticising him last season, wanting shut. Now you're singing about him. I hope he gets the crack at the Prem he deserves. He's best mates with my missus' Son (a footballer himself), so I've seen him on occasion and he's a lovely lad as well as a great little player. Hope he's not sat on a bench like his best mate next season.

Good luck, pal.

 

I'm not here to argue, so I won't.

I'm happy with the overall position of my club in all current aspects, if you want to continue to 'petty pick' at my posts go ahead. It's really quite simple to understand my points and the reasoning behind them too though.

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Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

I'm no accountant but these accounts don't look good to me?!

https://www.duedil.com/company/04593477/leicester-city-football-club-limited/financials

 

Aye thanks mate, I guess I just couldn't understand why this thread was created and some of the things that have been said in here. I won't always stick up for my club, I'll stick up for what's right.

As for the fans and arrogant chants, it certainly wasn't nothing against Barnsley I'm sure. Our fans are in high voice right now given our current form and more so the more youthful lot who tend to come up with banter type chants all the time.

You're not wrong, I am merely a supporter, a loyal one at that. Our club has come on leaps though since Pearson's been back. There has been an awful lot of hard work to correct our finances and once again I'll say we're in the best position now for some years.

Good luck to you lot, it'll be tough but you've still got a chance to survive. I want Charlton to suffer now after dismissing a man very close to Leicester, Powelly. Although they have the games in hand advantage.

I'm intrigued, who's Drinky's best mate then? Hehe.

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Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

That'd be telling.

He wears number 6 for Boro and can be found with splinters in his arse most weeks, used to boss midfield for us. Scored against you lot when Sven was manager, playing alongside Drinky.

 

Re: Solvent, debt free, well ran club : 0 - 3 : £100m Debt ridden, baled out chancers

The Leicester fans on here remind me of Elton Jonhn when he married that Woman in the 80s Renate and tred to convince himself and the rest
of the world he was straight didn't fool anyone We lose over 60 million quid in 2 years but we are a well run club.

Leicester are a good team expensively assembled. Play lovely football at pace and tempo. Hopefully FFP will stop clubs like theirs manipulating the system and systematically destroying the game I love.

I remember last time Leicester went into admin I randomly ended up fundraising for them. When it all goes tits up this time I can't imagine myself or the fans of neutral clubs doing it next time. As you reap you sow.