Yeah, but I don't think it will be as much as the Leicester fans are hoping/wishing it will be. Reckon they'll take somewhere in region of £2.8m plus add ons. Personal terms won't be a problem I wouldn't have thought.
tbh I don't think 2 or 2.5million is over paying. 1.25 was probably a little low. 4 million is too high. I'd say roughly £2million is fair.
Agree, Hulls demand for a number 1 goalkeeper is fairly high, we can supply one, which means you pay what we want for him. I think he cost us £1.25m, since then he has been 1st and 2nd in the POTY awards and was in the Championship team of the year this year. I recon we could at least get double what we paid for him, seeming hes been one of our best players for 2 seasons.
You should try telling that to AKCJ. Also to some people round here. I got called an idiot who knows **** all about football on the basis that Kasper was named best goalie in the championship so therefore never makes a mistake, and that every keeper in the world would have gone flapping around like that in the same hilarious manner.
...and what about your demand to slash the wage-bill and sell before you buy ahead of FFP? Listen and Learn!! You lost £29m last accounting period, that must come down to £8m loss and more loans are not allowed. Your Wage bill (currently standing at £27m a year) needs to be reduced by £10m a year and the only way you will get rid of Beckford, Danns and the rest will be to pay up their contracts, another cost. Interest on loans from the owners is currently standing at £5m a season, the equivalent of 10 players on £10,000 a week, needs to be reduced. The penalties are that you will have a transfer embargo imposed until you come back to compliance with FFP. If you get promoted at the end of this season but fail in FFP the fine will be 100% of what you are above the FFP limit. So if FFP were right now you would owe £21m in fines. YOUR CLUB IS RIGHT ROYALLY FCUKED DUE TO YOUR EXCESSES AND FAILURE!! Still think Lesster hold the upper hand in negotiations?
.. it is of couurse, the diversity of opinion, the complexity of views, the allowances made for the ill informed and the tolerance of the seldom washed which, when combined with some witty repartee, makes the forum such fertile ground for discussion and the general enhancement of human existence ... FF (10:22 am Tuesday 4th June 2013)
Strov, you're over exaggerating it a bit, but in the name of caution it's true they need to cut costs this coming season. Penalties won't be dished out until the 2015/16 season, but if they fail in promotion in those three seasons, and make another £29,000,000.00 loss this season, it means they have to find £21,000,000.00 profit over the next two seasons to avoid taking a penalty at the end of 2015/16, which could be catastrophic, although I'd imagine the authorities would be quite lenient considering the costs causing the loss were there long before FFP was implemented. Also if you're correct about the loan interest, that is worrying on top of the losses they're making. £5m per season is no pocket change. The cost of success (if you can call it that) eh?
I can't believe the owners are charging the club 8% interest, that's a massive return and they've invested a further £31.6m on top of the original £60m, so presumably the annual interest payments are now up to £7.3m a year.
That is incorrect. Penalties will be dished out during season 2014/15 for Championship Clubs for accounts to Dec 1st 2014. FFP Outline
I wouldn't get too hung up on figures ... the owners have the option of converting the debt to equity at any point should they so wish - not that I'm saying they will - but they seem to be in it for the long term given their actions so far ...
Fossie, you should listen to the Radio Leicester program. There is a limit to how much money the club can generate through equity issue per season and it pales into insignificance compared to your debt.
Mohamed Al Fayed has just converted his total £187m loan into equity to make Fulham debt free and avoid any FFP issues.
Strov - wouldn't be 'generating' would be restructuring a current financial dynamic i.e reducing debt on the balance sheet and also future interest expense as a result.
The Premiership's FFP regulations lag the Championships by 12 months so he has taken action in good time.
I dont think they will have a choice IF Kaspar has told them he wont sign another contract. They would have to take what was offered by Us or lose him for nowt next summer. ....and maybe Cameron Stewart to soften the blow. £1.75m tops for a player moving into his final year especially if KS has said he wants to leave,, imo..
