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Premier League relegation battle

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Poojah
May 28, 2023, 7:46pm
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Quoted from RonMariner
The Leicester owner is apparently writing off £194,000,000 of debt. I wonder how much more they would have had to spend to stay up?

So after 9 year in the Prem, 9 years of incredibly lucrative TV money which must run into many many  hundred of millions, during which time you win the league, the FA Cup and enjoy Champions League football you are still a million miles away, or should I say 194 million miles away,  from any kind of break even.

Football economics are insane, just insane.



They have a lot of luck with this, Leicester. I seem to recall their stadium contractors kindly “writing off” about £30m of debt when they last ran into a bit of financial trouble.


A smooth sea never made a skillful mariner.
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GrimRob
May 28, 2023, 7:49pm

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Third time lucky next season 🍀


'Tis better to have loved and lost than never to have loved at all.  
~ Alfred Lord Tennyson
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aldi_01
May 28, 2023, 9:23pm

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Couldn’t care less about Leicester going down, I have a weird, irrational hatred for them and they have somehow managed to always have some sort of ‘write off’ when needed…

Leeds are their own worst enemy and in truth, I think all 3 could’ve gone…


'the poor and the needy are selfish and greedy'...well done Mozza
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Heisenberg
May 28, 2023, 9:30pm
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Quoted from Poojah


They have a lot of luck with this, Leicester. I seem to recall their stadium contractors kindly “writing off” about £30m of debt when they last ran into a bit of financial trouble.


Writing off?! I seem to remember Leicester effectively sent the contractor under and never paid a massive chunk of the building cost by going into administration.
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Heisenberg
May 28, 2023, 9:36pm
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….Poojah, you were sort of correct. I knew it was Birse from Barton who built it, and checking online it appears that administration made them write off the debt, as you say. I was in the construction industry when it happened and it was the beginning of the end for Birse.
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Limerick Mariner
May 28, 2023, 9:43pm
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And of course Leicester then signed Danny Coyne from us - no transfer embargo in those days.
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Poojah
May 28, 2023, 9:53pm
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Quoted from Heisenberg


Writing off?! I seem to remember Leicester effectively sent the contractor under and never paid a massive chunk of the building cost by going into administration.


Quite; I was being sarcastic. Apologies if that didn’t come across.


A smooth sea never made a skillful mariner.
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Heisenberg
May 28, 2023, 9:58pm
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Quoted from Poojah


Quite; I was being sarcastic. Apologies if that didn’t come across.


With hindsight, I suppose it was obvious!
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lukeo
May 29, 2023, 5:42am
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I dont know if anyone can help me, i bought myself a brand new 47inch TV ready for the premier league next season..  I just opened the box and it comes with no Leeds..
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wigworld
May 29, 2023, 9:59am

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Quoted from lukeo
I dont know if anyone can help me, i bought myself a brand new 47inch TV ready for the premier league next season..  I just opened the box and it comes with no Leeds..


I sympathise. The one I bought last season was shop-soiled - it came with Dirty Leeds.
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