The company that runs Leicester City Football Club are said to be in peril. We try to makes sense of The King Power International Group's seemingly and potentially insuperable money problems. The Telegraph describe the situation as "serious financial trouble". So what are the so-called significant financial implications for Leicester? We attempt to explain following the latest LCFC bombshell.
We now know the true reason why the Leicester City ownership and board have messed this club up good and proper, if we didn't already have a solid inkling: money troubles. That's why Profit and Sustainability parameters haven't been adhered too, and most likely the reason for ill-advised managerial appointment Ruud van Nistelrooy remaining at the club.
The Telegraph, a widely respected and honest outlet for sports reporting in the United Kingdom, have confirmed that King Power are facing financial collapse. The journalistic company established the facts following The Sun, and subsequently Foxes of Leicester. We were followed by Leicester Mercury if you check the timeline.
Although, none of us required any confirmation about King Power's mounting, trending and worrying issues because their own CEO Nitinai Sirismatthakarn corroborated or revealed the difficulties and concerns himself in an interview. The Sun merely brought the comments to a wider and unjustifiably skeptical public in some instances.
Serious and significant financial implications for Leicester City explained after financial news bombshell occurs
The awful overall performance of the Foxes squad last season, not to mention insufficient management efforts, were bad enough. If you add those factors to PSR restraints and possibly looming points deductions - you'd have a fair idea that the East Midlanders are in trouble!
Put further severe financial interference into play and you have a recipe for disaster. And that is the potentially catastrophic scenario we have on Filbert Way at present. Never a dull moment as a Leicester fan!
"Future of King Power is in doubt, casting yet more uncertainty over relegated club, who have also been charged with breaking PSR rules"
Regrettably, I'll have to agree with Telegraph writer Sam Wallace that the 'future of King Power is in doubt, casting yet more uncertainty over (the) relegated club'. Don't expect much investment in players or a decent manager, in the short-term at least, unless Aiyawatt 'Khun Top' sells up.