Premier League relegation battle

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.

Indeed.

Furthermore I just looked up a couple of Leicester transfer deals. They bough Maguire for £13.7m and sold him for £87.7m; Kate for £9m and sold for him £35.8m; Drinkwater for £900k and sold him or £37.9m; and Mahrez for £500k sold him for £67.8m.  So that's £204.7m profit on four players. Add that to the £194m debt write off and they have burned through something like £400 million in recent years.

Hard to think of any other industry where a company could survive that level of overspending. But this is football. The owner will probably pump another few hundred million in to get them back in the Prem. Crazy.    

Quoted from RonMariner

Indeed.

Furthermore I just looked up a couple of Leicester transfer deals. They bough Maguire for £13.7m and sold him for £87.7m; Kate for £9m and sold for him £35.8m; Drinkwater for £900k and sold him or £37.9m; and Mahrez for £500k sold him for £67.8m.  So that's £204.7m profit on four players. Add that to the £194m debt write off and they have burned through something like £400 million in recent years.

Hard to think of any other industry where a company could survive that level of overspending. But this is football. The owner will probably pump another few hundred million in to get them back in the Prem. Crazy.    

I read that even though the owner wrote off 194m they still owed hundreds millions more in other debt. The super rich owner is a tad less super rich after covid too so might not be so willing to fund them tobthe same tune again

Quoted from toontown

I read that even though the owner wrote off 194m they still owed hundreds millions more in other debt. The super rich owner is a tad less super rich after covid too so might not be so willing to fund them tobthe same tune again

What on earth must they be spending on player wages to run at that sort of deficit given income they receive from all sources? Whatever it is, it hasn't done them much good this season.

Quoted from RonMariner

What on earth must they be spending on player wages to run at that sort of deficit given income they receive from all sources? Whatever it is, it hasn't done them much good this season.

Have a look at Mrs Vardy’s legal bills that should give you a clue, how did she make the housekeeping stretch I wonder?

Once she’s paid that tab maybe she could hire someone to learn her how to spell Rebecca?