| Leicester financials 10:13 - May 15 with 5643 views | hype313 |
Latest pre-tax losses of £92.5 million earlier this year, the club’s players will have their salaries slashed by up to 50 per cent in the event of relegation.
Could be catastrophic if they get Relegated
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| Leicester financials on 10:15 - May 15 with 4331 views | GlasgowBlue |
Would make Hirst’s wages more realistic for us. |  |
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| Leicester financials on 10:16 - May 15 with 4341 views | PhilTWTD |
Could be something of a fire sale, which might well benefit us. |  | | |
| Leicester financials on 10:27 - May 15 with 4248 views | C_HealyIsAPleasure |
| Leicester financials on 10:16 - May 15 by PhilTWTD |
Could be something of a fire sale, which might well benefit us. |
I’m not so sure. The players they will be shipping will be ones that bring in £10’s of millions (Maddison, Barnes etc), plus those on big wages (Vardy). Compared to those a couple of million for Hirst and his low wages off the books will be insignificant
They’ll also need a squad for next season and if big name attackers have gone they’ll only need to replace them anyway, which will cost money - or they could just utilise the option they have on their books already
Time will tell and obviously they might want someone better and decide to cash in but personally would rather they stay up as feels a slam dunk he’ll be here then, rather than them going down complicating things |  |
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| Leicester financials on 10:36 - May 15 with 4168 views | PhilTWTD |
| Leicester financials on 10:27 - May 15 by C_HealyIsAPleasure |
I’m not so sure. The players they will be shipping will be ones that bring in £10’s of millions (Maddison, Barnes etc), plus those on big wages (Vardy). Compared to those a couple of million for Hirst and his low wages off the books will be insignificant
They’ll also need a squad for next season and if big name attackers have gone they’ll only need to replace them anyway, which will cost money - or they could just utilise the option they have on their books already
Time will tell and obviously they might want someone better and decide to cash in but personally would rather they stay up as feels a slam dunk he’ll be here then, rather than them going down complicating things |
You can look at it both ways in terms of what's better for us, I think. If they go down, I very much doubt they'd see GH as a starter and so think they'd be willing to let him go from a position of weakness compared with if they stayed up. | | | |
| Leicester financials on 10:38 - May 15 with 4116 views | Kieran_Knows |
| Leicester financials on 10:36 - May 15 by PhilTWTD |
You can look at it both ways in terms of what's better for us, I think. If they go down, I very much doubt they'd see GH as a starter and so think they'd be willing to let him go from a position of weakness compared with if they stayed up. |
Hirst to us is going to rumble on all summer long again, isn't it? |  |
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| Leicester financials on 10:39 - May 15 with 4110 views | MattinLondon |
Close to £100 million in losses obviously is a lot - but if they sell Maddison, Tielemans and Söyüncü then their loses will be almost wiped out.
Not sure whether this will mean that they will have a mass exodus. But their wage deduction will probably make a lot of players eager to leave. |  | | |
| Leicester financials on 10:40 - May 15 with 4091 views | Kieran_Knows |
| Leicester financials on 10:39 - May 15 by MattinLondon |
Close to £100 million in losses obviously is a lot - but if they sell Maddison, Tielemans and Söyüncü then their loses will be almost wiped out.
Not sure whether this will mean that they will have a mass exodus. But their wage deduction will probably make a lot of players eager to leave. |
Söyüncü is leaving on a free. | |
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| Leicester financials on 10:43 - May 15 with 4059 views | MattinLondon |
| Leicester financials on 10:40 - May 15 by Kieran_Knows |
Söyüncü is leaving on a free. |
Oh….Harvey Barnes then. | | | |
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| Leicester financials on 10:47 - May 15 with 4029 views | clive_baker |
| Leicester financials on 10:27 - May 15 by C_HealyIsAPleasure |
I’m not so sure. The players they will be shipping will be ones that bring in £10’s of millions (Maddison, Barnes etc), plus those on big wages (Vardy). Compared to those a couple of million for Hirst and his low wages off the books will be insignificant
They’ll also need a squad for next season and if big name attackers have gone they’ll only need to replace them anyway, which will cost money - or they could just utilise the option they have on their books already
Time will tell and obviously they might want someone better and decide to cash in but personally would rather they stay up as feels a slam dunk he’ll be here then, rather than them going down complicating things |
A couple of million and half a million off the wage bill per year is a decent chunk of change, regardless of which division they're in. If they don't fancy him they don't fancy him, I reckon he'll be moved on, its just going to be a case of how much we have to part for him.
Personally I think he'll be here next season regardless of what happens to Leicester, there's an argument that they're going to be under more pressure to sell if they're relegated and if we're at the front of the taxi rank waving a cheque at them for Hirst before they've established the likelihood of moving on the higher earners we might be getting in at a good time. It's 1 in the hand for them. |  |
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| Leicester financials on 10:55 - May 15 with 3980 views | Guthrum |
| Leicester financials on 10:36 - May 15 by PhilTWTD |
You can look at it both ways in terms of what's better for us, I think. If they go down, I very much doubt they'd see GH as a starter and so think they'd be willing to let him go from a position of weakness compared with if they stayed up. |
Also depends upon who they have as manager and what his philosophy for getting out of the division might be.
If he wants youth on a budget, Hirst might be in the picture. If he wants proven experience (bearing in mind with parachute payments thay will have some money available), then probably not. |  |
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| Leicester financials on 10:55 - May 15 with 4003 views | PhilTWTD |
| Leicester financials on 10:38 - May 15 by Kieran_Knows |
Hirst to us is going to rumble on all summer long again, isn't it? |
Probably. From what I gathered last summer things weren't particularly together behind the scenes. If I remember rightly, the football management side of the club were happy to do a deal for him to move here permanently but those upstairs wouldn't do the deal and offered him the new contract, then sent him to Blackburn on loan. | | | |
| Leicester financials on 10:55 - May 15 with 3979 views | suffolkpoker |
The premier league sounds fun... |  |
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| Leicester financials on 10:58 - May 15 with 3942 views | hype313 |
| Leicester financials on 10:55 - May 15 by suffolkpoker |
The premier league sounds fun... |
Yep, crippling yourself to tread water at best sounds like utopia.... | |
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| Leicester financials on 11:04 - May 15 with 3861 views | homer_123 |
| Leicester financials on 10:58 - May 15 by hype313 |
Yep, crippling yourself to tread water at best sounds like utopia.... |
They did win the Prem League though. |  |
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| Leicester financials on 11:06 - May 15 with 3848 views | ElephantintheRoom |
This is the promised land that it’s worth ‘investing’ millions to be part of |  |
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| Leicester financials on 11:26 - May 15 with 3696 views | SuperKieranMcKenna |
| Leicester financials on 11:06 - May 15 by ElephantintheRoom |
This is the promised land that it’s worth ‘investing’ millions to be part of |
It’s insane isn’t it, most PL clubs lose 10’s millions a year but are snapped up for 100’s of millions or billions (see Man Utd). It seems a guaranteed way to lose money but I guess it’s just a plaything/sport washing excercise for despots.
As an investor the PL reminds me of Tesla, massive share price growth (until the recent correction) despite years and years of loss making. You’d never buy in on the financials but people just love the hype. | | | |
| Leicester financials on 11:27 - May 15 with 3682 views | hoppy |
| Leicester financials on 10:55 - May 15 by Guthrum |
Also depends upon who they have as manager and what his philosophy for getting out of the division might be.
If he wants youth on a budget, Hirst might be in the picture. If he wants proven experience (bearing in mind with parachute payments thay will have some money available), then probably not. |
They'll want to get back up at first time of asking., won't they, I would've thought. So possibly more likely to spend on established prem/championship strikers than rely on what they've got that haven't really proven themselves above League 1 on loan. |  |
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| Leicester financials on 11:40 - May 15 with 3597 views | Illinoisblue |
| Leicester financials on 11:06 - May 15 by ElephantintheRoom |
This is the promised land that it’s worth ‘investing’ millions to be part of |
Nobody’s making money in the Championship, either. It’s an expensive race to get somewhere to lose more money. |  |
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| Leicester financials on 11:43 - May 15 with 3561 views | JDB23 |
| Leicester financials on 10:47 - May 15 by clive_baker |
A couple of million and half a million off the wage bill per year is a decent chunk of change, regardless of which division they're in. If they don't fancy him they don't fancy him, I reckon he'll be moved on, its just going to be a case of how much we have to part for him.
Personally I think he'll be here next season regardless of what happens to Leicester, there's an argument that they're going to be under more pressure to sell if they're relegated and if we're at the front of the taxi rank waving a cheque at them for Hirst before they've established the likelihood of moving on the higher earners we might be getting in at a good time. It's 1 in the hand for them. |
I think there's a good chance of us getting him if we want him. Not many Championship clubs are flush with cash to the point of spending a few million on a player who hasn't performed at Champ level before. | | | |
| Leicester financials on 12:06 - May 15 with 3410 views | clive_baker |
| Leicester financials on 11:26 - May 15 by SuperKieranMcKenna |
It’s insane isn’t it, most PL clubs lose 10’s millions a year but are snapped up for 100’s of millions or billions (see Man Utd). It seems a guaranteed way to lose money but I guess it’s just a plaything/sport washing excercise for despots.
As an investor the PL reminds me of Tesla, massive share price growth (until the recent correction) despite years and years of loss making. You’d never buy in on the financials but people just love the hype. |
I think in the world of equities the ease of access for non institutional investors, spread betting, Chinese kids in their bedrooms etc has definitely contributed to the 'sexier' customer facing brands with brand equity seeing ridiculous share price growth that is far from justifiable based on the underlying fundamentals. Look at Peloton through Covid, absolutely ludicrous valuations that they'll never see the likes of again. Deliveroo is another, they can deliver most things other than a profit.
You're right, football clubs are a play thing and status thing for a lot of people with too much money. Contrary to popular opinion I do think at a lower level they can actually be a relatively low risk investment though, at the right price. It's not impossible to run a football club sustainably, and unlike a lot of industries and companies, your exposure to competition is minimal. You're exposed to market conditions like anyone is, but fans don't pick and choose their football team. It's very rare to have a large customer base with that level of 'brand loyalty' that they're pretty much immune from external competition. That's the dream in business. | |
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| Apparently only four team in Premier league make a profit, 2 break even on 12:15 - May 15 with 3371 views | unstableblue |
This is quote:
In the last two years, in the Premier League, only four teams were able to make a profit (Chelsea, Liverpool, Newcastle and Norwich), with a further two breaking even (Aston Villa and Burnley), which means 80% of teams in the league made a loss.
I'm sure Spurs and Arsenal would become quite profitable once stadia is written down... closer for emirates
Spurs have the highest matchday revenue in Europe I believe |  |
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| Leicester financials on 12:22 - May 15 with 3273 views | Chrisd |
| Leicester financials on 10:55 - May 15 by suffolkpoker |
The premier league sounds fun... |
This is what makes the EPL ludicrous, clubs like ourselves and many others striving to get back to the promised land for what exactly?! To put ourselves in financial ruin? The money has absolutely crippled the game particularly player's wages. | |
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| Leicester financials on 12:36 - May 15 with 3170 views | Plums |
| Leicester financials on 11:40 - May 15 by Illinoisblue |
Nobody’s making money in the Championship, either. It’s an expensive race to get somewhere to lose more money. |
Shhh, the pensioners might be reading this... |  |
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| Leicester financials on 12:41 - May 15 with 3118 views | Zx1988 |
| Leicester financials on 10:55 - May 15 by suffolkpoker |
The premier league sounds fun... |
I've not done much digging, but I've heard from a couple of places that one of the influencing factors has been the death of Vichai Srivaddhanaprabha, and that Aiyawatt hasn't necessarily been able to pick up where his father left off in terms of running the club.
Up until the helicopter crash, I was under the opinion that Leicester were held as one of the examples of sustainable club ownership? | |
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| Leicester financials on 12:43 - May 15 with 3093 views | MattinLondon |
| Leicester financials on 12:22 - May 15 by Chrisd |
This is what makes the EPL ludicrous, clubs like ourselves and many others striving to get back to the promised land for what exactly?! To put ourselves in financial ruin? The money has absolutely crippled the game particularly player's wages. |
For what? Players want to play at a higher level, the PL also offers a lot more exposure in terms of sponsorship etc. | | | |
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