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Old October 19th, 2017, 07:30 PM   #4201
Lears City
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Dunno? Can you name them all? Were King Power in charge? Don't think so...

Does your team have any debt? I'm not sure after the takeover by the alleged match fixer and bakery bomber? Who does your team owe money to?
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Old October 19th, 2017, 07:45 PM   #4202
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Do you really not understand the difference between secured debt and insolvency?

No, my club has never gone bust leaving dozens of small businesses high and dry. No, my club has never built a stadium it can't pay for, declared insolvency and let local traders pay for their mistakes.
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Old October 20th, 2017, 01:47 PM   #4203
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You have a short memory.

We have already discussed on this forum, that it was Eric Hall who forced Leicester City into insolvency. After the football club had made payment arrangements with ALL of its creditors.

Hall was acting on behalf of Dennis Wise seeking a full payment of his contract, after being dismissed for breaking a team mates jaw while he was asleep!

25 clubs went into administration before we did and 34 have done so since. Don't be so sure your club won't one day...You've had plenty of Petition to Wind Up issues recently.
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Old October 20th, 2017, 06:03 PM   #4204
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So Leicester earned the second highest amount in the Champions League last year. £73.2 million...

Only Juventus earned more.

Shame it was a one-off!
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Old October 20th, 2017, 08:03 PM   #4205
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How did we manage to earn more from the CL than Real or Barca?
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Old October 20th, 2017, 09:13 PM   #4206
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Quote:
Originally Posted by Lears City View Post
You have a short memory.

We have already discussed on this forum, that it was Eric Hall who forced Leicester City into insolvency. After the football club had made payment arrangements with ALL of its creditors.

Hall was acting on behalf of Dennis Wise seeking a full payment of his contract, after being dismissed for breaking a team mates jaw while he was asleep!

25 clubs went into administration before we did and 34 have done so since. Don't be so sure your club won't one day...You've had plenty of Petition to Wind Up issues recently.
What's any of that got to do with you lot not paying for your stadium, just like West Ham?

"Made payment arrangements" = decided not to pay the full monies due. Was the money owed to the local ambulance service ever paid back, or it it just local business that you screwed over?
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Old October 23rd, 2017, 12:57 PM   #4207
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We have paid for our stadium. That is the point. We own it outright and paid for it.

You seem to not understand the point I was making. Eric Hall, acting on behalf of Dennis Wise, was the only creditor to not accept payment terms. I don't know whether that was repayment in full or not? It would be private information between LCFC and its creditors. If the creditors were happy, then what is your issue with that?

Eric Hall prevented the repayments for happening. So he forced us into a position that we ended up in with our creditors.

With reference to the ambulance service. They apparently no longer hold any records form that long ago and have stated that all payments from the football club are up to date. Of course EMAS isn't even the same organisation anymore, as they were "privatised" in 2012.

Of course LCFC did gift £2 million to the Children's Hospital in Leicester - which sort of makes up for the £16,000 that the old ambulance service missed out on...

Any others?
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Old October 23rd, 2017, 03:49 PM   #4208
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Damn! Everton sack their manager...that causes problems for Leicester in their manager search.
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Old October 23rd, 2017, 07:02 PM   #4209
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Did Eric Hall force Leicester to build a stadium they couldn't pay for? Did Eric Hall force them to sign player contracts they couldn't afford??

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What else has been forgotten? The stadium is superb and earns them lots of money. But Leicester couldn't afford it. They built it, moved into it in the summer of 2002, and then a couple of months later, the club went into administration with £30million of debts. Hard-working people lost out massively. The company which built the stadium was forced to just forget about the final payment of £5.5m. The East Midlands Ambulance Service was left with a shortfall of £16,000. The romance of Leicester's title win makes this kind of story easier to forget.

Leicester are awaiting a fine for breaking Financial Fair Play rules two seasons ago. This has directly helped Leicester: Vardy was on the brink of signing for another Championship club when Leicester sent his wages through the roof, blasting the rivals out of the water. Wages Leicester couldn't afford, they broke the rules.
http://www.dailymail.co.uk/sport/foo...fairytale.html
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Old October 23rd, 2017, 07:19 PM   #4210
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We were able to pay for the stadium when it was planned and built. Player contracts were negotiated, without any suggestion that the TV deal for the second tier of English football was about to collapse. You know that though...

I'm glad you chose to link to an Adrian Durham article.

As the Guardian said, he is an:

Quote:
"expert phone-in troll, arrogantly spouting inflammatory football opinions in the hope of prompting some indignant phone rage from an uppity fan."
You can't get away from the fact that Leicester were unable to carry on with their accepted plan to pay creditors, once Eric Hall intercepted.

So he did make it impossible for us to pay Birse for some of the stadium work at the time (we still had to pay the loan payments on the stadium).

He did make it impossible for us to pay players at the time.

The season we went into administration, there were players who were playing for free. Yet we were automatically promoted by a clear twelve points. That was and still is a remarkable achievement.

Your hatred and misinformed views of Leicester City mean nothing...
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Old October 23rd, 2017, 07:29 PM   #4211
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I think LCFC should be seeking compensation from ITV Digital, who through financial incompetence caused us to lose loads of money that had been promised to us.

In fact didn't the company become Freeview, who are owned by some mega-corporations and have access to loads of money.

Who cares that it was years ago? Who cares that it isn't really the same organisation anymore? Let's just have a go at them for the sake of it and claim they owe money to people, when they don't...

Come on ITV Digital - pay up!!!
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Old October 24th, 2017, 01:33 AM   #4212
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Do you really not care about the small businesses your club screwed over? Do you really not care about the club employees who were let go without redundancy?

The ITV Digital deal was worth around £3m a year. You went into administration owing over £30m. No-one is asking or expecting your current owners to put right what went wrong then, but it's a bit ******* cheeky to point the finger at West Ham when you benefitted from a brand new stadium that you clearly couldn't afford.
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Old October 24th, 2017, 01:36 AM   #4213
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Quote:
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The season we went into administration, there were players who were playing for free. Yet we were automatically promoted by a clear twelve points. That was and still is a remarkable achievement.
It's not a remarkable achievement for a squad assembled at unsustainable wage levels to get promoted. It's exactly what you'd expect.

In fact, it worked so well for you, you did it again under Pearson and the Trestellar business.
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Old October 24th, 2017, 12:17 PM   #4214
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Quote:
Originally Posted by Bingethink View Post
Do you really not care about the small businesses your club screwed over? Do you really not care about the club employees who were let go without redundancy?

The ITV Digital deal was worth around £3m a year. You went into administration owing over £30m. No-one is asking or expecting your current owners to put right what went wrong then, but it's a bit ******* cheeky to point the finger at West Ham when you benefitted from a brand new stadium that you clearly couldn't afford.
Do you not see the parallel I just made, between what happened to ITV Digital and Leicester City?

We still haven't had the money from the company that is now called Freeview, owned by huge corporations with plenty of cash swilling around.

That's the way business goes sometimes...

By the way, the lowest ITV Digital TV audience for a game was 1,000 who watched Forest play Bradford.

At the time of the ITV Digital collapse, Forest were heavily in debt and there was even talk of a merger, or ground share with Notts County. In March 2002, Forest had the largest debt in the League at £20m and since 2000, had been losing £100K per week.

In 2001, prior to any ITV Digital problems, Forest put their entire first team up for sale.

For Leicester, our total overall debt including largely stadium costs was serviceable with the PROMISED ITV Digital money. All clubs at the time would have included that money in their future planning.

I personally do care that my club was involved in a financial situation that led to other businesses losing out. But it is firmly in the past now, as are the actions and consequences of what ITV Digital did. Also, what happened to us could have happened to Forest and could still do so.

It is not cheeky in the slightest to mention that West Ham were gifted a stadium. We were not gifted one. We made large payments toward the building of the stadium and continued to service the loan agreement on it. We did miss a £5.5 million final payment, as Eric Hall forced us into an untenable situation. We have since paid for the stadium loan in full.

Now compare this to West Ham.

Total stadium conversion cost = £752m (paid by the tax payer)
West Ham contribution = £15m
West Ham annual rent = £2.5m

Am I being cheeky? Really?
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Old October 24th, 2017, 12:34 PM   #4215
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Quote:
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It's not a remarkable achievement for a squad assembled at unsustainable wage levels to get promoted. It's exactly what you'd expect.

In fact, it worked so well for you, you did it again under Pearson and the Trestellar business.
It was remarkable. With what was going on at the club and some players playing for free.

Trestellar are still filing accounts. They seem legit to me.

Perhaps you can ask Sir Dave Richards, Director of Trestellar, who has been Chairman of the Premier League between 1998 and 2013, Football Association board member, Chairman of the FA International Committee, President of the European Professional Football Leagues and Chairman of UEFA's Professional Football Committee...
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Old October 24th, 2017, 12:37 PM   #4216
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Because if there's one thing football administrator s are known for, it's their scrupulous buisness practices and moral codes... Jeez, don't you read the news?
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Old October 24th, 2017, 12:42 PM   #4217
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Because if there's one thing football administrator s are known for, it's their scrupulous buisness practices and moral codes... Jeez, don't you read the news?
Some football owners are alleged to bomb bakers and fix matches...
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Old October 24th, 2017, 12:44 PM   #4218
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All perfectly legitimate, I'm sure:

https://www.sbnation.com/soccer/2016/4/11/11406994/leicester-city-probably-cheated-financial-fair-play-and-wont-get-in
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Old October 24th, 2017, 12:50 PM   #4219
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Getting boring now.

So, back to bombing baker shops and match fixing?
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Old October 24th, 2017, 01:01 PM   #4220
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Bombing a bakery - no charges brought. No case to answer.

Match-fixing - all but one charge dropped. Labyrinthine Greek justice process continues. Extremely worrying for the integrity of our club until case dropped.

Trestellar - ongoing investigation continues. "They seem legit to me."??
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