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Could Leicester go bust?


I thought the owners had transferred their debt to shares?

Methven is a football administrator?
 
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Absolutely, if something political happened that they didn't like they'd be gone, sadly I don't see that happening tho.

Owning a PL club is no doubt useful for the Saudi's for soft political reasons, gives them a seat at a few more tables probably. Fortunately they don't appear to be particularly arsed about breaking any rules in order to throw their money about, and given the geo-, political climate are increasingly unlikely to do so. Also don't appear to be particularly connected to the club, just happy to be absent landlords, tossing Eddie a few "crumbs" from the table and letting him and his team crack on. Staveley seemed to be the bridge between the Saudi's and the club, that's all becoming a distant memory.
 
They represent a cautionary tale. As we plummeted to League One, I'm sure plenty of us looked on at Leicester with a Premier League title in the bag, Champions League football, seemingly a club that gatecrashed into the big time. They also won the FA Cup on 2021.

Here we are 10 years after their title and they could be heading out of business. The authorities who write the PSR rules will see it as evidence of why they are needed and for the likes of us, we can only be grateful for an ownership seeking to run the club sustainability but also aware that nothing can be taken for granted in football.
would you take a PL title and FA cup win if it meant sunderland were out of business within 10 years?
 
Should be booted down to the National League if they do.

Not sure what benefit that would do for anyone, it'd just kill the club as no-one is taking over a club with the facilities and stadium they have to play in the National League.

It's administration not liquidation.
 
Not sure what benefit that would do for anyone, it'd just kill the club as no-one is taking over a club with the facilities and stadium they have to play in the National League.

It's administration not liquidation.
Maybe the administrators can sell off some of those facilities for good money to pay to the numerous and considerable creditors the club owe. Like the Hotel, the 14 training pitches, etc, etc. Clubs need to learn they cannot just carry on taking the piss and being run like this. Players wages alone are more than 100% of income. Let them start from scratch with a clean slate, but outside the FL.
 
Maybe the administrators can sell off some of those facilities for good money to pay to the numerous and considerable creditors the club owe. Like the Hotel, the 14 training pitches, etc, etc. Clubs need to learn they cannot just carry on taking the piss and being run like this. Players wages alone are more than 100% of income. Let them start from scratch with a clean slate, but outside the FL.
Who is going to buy a hotel nobody stays at?
 
Maybe the administrators can sell off some of those facilities for good money to pay to the numerous and considerable creditors the club owe. Like the Hotel, the 14 training pitches, etc, etc. Clubs need to learn they cannot just carry on taking the piss and being run like this. Players wages alone are more than 100% of income. Let them start from scratch with a clean slate, but outside the FL.

That's upto the administrators though, there's no reason why the hotel has to go with the football club, they could be sold seperate if they wanted. Selling a Championship / League One football club will always be worth more than a stadium and some football pitches with no-one using them.

I also like Sheffield Wednesday, would've been brutal to kick them out the league after the shite they put up with and you can't do one rule for one and one rule for another.
 
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If you see how much that are paying the first team with 6 over 70k a week I’d say it’s a formality.
They have six players paid over £70k a week?! Am I naive thinking we probably don't have that many in the premier league? Xhaka obviously but after that... Not sure of any? Maybe Alderete, Mandava and Mukiele?

For Leicester Pereira might have commanded that when he signed. Maybe Daka and Winks.

Idiots if paying that squad of plodders that much
 
That's upto the administrators though, there's no reason why the hotel has to go with the football club, they could be sold seperate if they wanted. Selling a Championship / League One football club will always be worth more than a stadium and some football pitches with no-one using them.

I also like Sheffield Wednesday, would've been brutal to kick them out the league after the shite they put up with and you can't do one rule for one and one rule for another.

First offence iirc for Sheffield Wednesday. It isn't for Leicester City. It's unfair on the other clubs in the pyramid, trying to follow the rules.
 
First offence iirc for Sheffield Wednesday. It isn't for Leicester City. It's unfair on the other clubs in the pyramid, trying to follow the rules.

Aye I get what your saying but just think it's unfair on the supporters, it's not their fault that they happen to be owned by dodgy owners more than once.

The fit and proper test, which has failed more than once, should be who is getting the criticism rather than affected clubs imo.
 
Aye I get what your saying but just think it's unfair on the supporters, it's not their fault that they happen to be owned by dodgy owners more than once.

The fit and proper test, which has failed more than once, should be who is getting the criticism rather than affected clubs imo.
I mean these dodgy owners delivered a title , fa cup, champions league football. Nothing to do with the fit and proper test.
And the time before that was due to the itv digital deal, also those owners also took leicester to 2 major trophies
 
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Aye I get what your saying but just think it's unfair on the supporters, it's not their fault that they happen to be owned by dodgy owners more than once.

The fit and proper test, which has failed more than once, should be who is getting the criticism rather than affected clubs imo.
I agree, it’s very difficult to get the balance right

The well run clubs who stick to the rules shouldn’t be put at a disadvantage compared to clubs who break the rules.

However, Sheffield Wednesday this season seem to have been hit from all directions, with points deductions and transfer embargo’s. They have basically been drawing dead all season. Must be horrendous for their fans.

Can’t be good for the integrity of the league to have a club in that situation
 
Aye I get what your saying but just think it's unfair on the supporters, it's not their fault that they happen to be owned by dodgy owners more than once.

The fit and proper test, which has failed more than once, should be who is getting the criticism rather than affected clubs imo.

Supporters have to take the rough with the smooth, they weren't complaining when they were winning titles and cups. If the charges stick to City they should be kicked out of the league too.
 
I mean these dodgy owners delivered a title , fa cup, champions league football. Nothing to do with the fit and proper test.
And the time before that was due to the itv digital deal, also those owners also took leicester to 2 major trophies
Supporters have to take the rough with the smooth, they weren't complaining when they were winning titles and cups. If the charges stick to City they should be kicked out of the league too.

Aye I get that, but if you applied the same rules, then Derby would be dead now and what have they achieved?

It's a hard mix but do get what you's are saying. It's an awkward one as Leicester is the exception really, everyone else has endured misery really.
 
Aye I get that, but if you applied the same rules, then Derby would be dead now and what have they achieved?

It's a hard mix but do get what you's are saying. It's an awkward one as Leicester is the exception really, everyone else has endured misery really.
Derby's story is totally different, they basically sold off everything and over spent for a pop at the promised land. leicester acheived all their success organically it was after when Leicesters problems came.
 
Aye I get that, but if you applied the same rules, then Derby would be dead now and what have they achieved?

It's a hard mix but do get what you's are saying. It's an awkward one as Leicester is the exception really, everyone else has endured misery really.

Derby gambled really big and missed out on the 2018 play offs. Their fans wouldn't have given a monkeys if they had gone up and grabbed the PL riches. And, who is to say the club would just die if booted down the leagues, big clubs with thousands of fans/customers. Has to be a price to pay for what is basically cheating though. Maybe just down to League 2 is enough of a punishment.
 
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