The death of the European Cup.

Fosse when hearing anyone talk ill of the King Power mob:

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I think Leicester were in way more in debt than £30M.....even way more than the £37M.

 

There were two bids to try and save the club, one fronted by Gary Lineker, and the other by former director Gilbert Kinch. As the administrators started to wade through the wreckage, the cuts began. There were redundancies, while the players had to accept a deferral of 33% of their wages, agreed through the PFA. The club’s supporters quickly organised themselves into a Supporters Trust, following a meeting attended by more than 700 people. The media, meanwhile, got stuck into the lazy trope of “greedy players”, with radio host Adrian Durham calling for the supporters to boycott the club.

In the new year, the full extent of the club’s predicament became apparent. Leicester were £74 million in debt when they fell into administration. The biggest debt was £28 million for the new stadium, while £4.5 million was owed to the Inland Revenue, £2.7 million in VAT, £75,000 to Chelsea and £500,000 to Tottenham Hotspur. There was also £19 million outstanding for players’ wages, which would still be owed, even if all existing contracts were terminated. There was also a £20 million debt owed to the club’s parent company, Leicester City PLC. Leicester, like many others, had chased the El Dorado promised by stock market flotation in the late 1990s.

https://twohundredpercent.net/bad-things-leicester-city/

 

Protection
Administration will protect the club from creditors seeking repayment of debts and allow it to re-structure its finances.

http://news.bbc.co.uk/1/hi/business/2349397.stm

 

Fosse talkin bare **** to hide that his clubs just a poundland Chelsea

 

No amount of fossieying will get him out of this little pickle

 

Yeah, about that...

 

Anyone seen Fosse

 

Leicester are playing (and winning) right now, to be fair to him. He's enjoying the blood money football.
I'm sure he'll be back soon to post some inaccurate figures and cowboy memes, though.

 

I’d ask @BuzzardFoxMick to fire up the chopper and get his boy out of here, but that would be in very poor taste.

So I won’t

 

Don’t tag that numb nut in ffs

 

You know what mate, I bought my first house for £29k and sold it three years later, having done **** all, for £105k.

It doesn't make me a genius, its called luck.

That's what happened to Liverpool with Suarez and Coutinho.

They still spent the lucre.

 

Don’t mention the £75m CB & the £70m keeper that won them the league.

They’re a club who’s never overspent they survive on buttons, and don’t have in any way, one of the largest wage bills in football.

They’re self declared #peasants and proud of it.

 

Dem socialist red men.....

Formed by a Tory and who’s venture capitalist owners sold their arses this very week.

Up the once owned by a bank and in no way were they administrators Reds!

 

Very flamey this thread eh

 

I’m waiting for @FosseFilberto ’s response

 

Still 3rd mate, in a CL place on merit and having won a top division title in the last 50 years ... and that is all ... good ebening

... and as to the extent of the debt when we went into administration ... link to DLA Piper who were involved in our emergence from it ... rather than Flatulent Polly ... who wasn't...

https://www.dlapiper.com/en/us/insi...nsight-issue-17/leicester-city-football-club/