Dyche to Leicester

[Milltown1882]

Being heavily rumoured with the expectation that RVN will move on. Would be the perfect move for him.

[NottsClaret]

That's one of the automatic spots gone next season. Not that it's our problem.

[martin_p]

That's one of the automatic spots gone next season. Not that it's our problem.

I think he’ll have some work to do to get them in promotion form if he goes there, plus they might be starting on negative points. But he’s probably the right man for the job.

[Quicknick]

The best appointment they could make.

[ElectroClaret]

Thought this might be on for ages, if it comes to pass.
In his locality, a good fit it would seem.

Looks like there's no chance of RVN staying.

[ecc]

It's localish for him.

He's have to get rid of a lot of old players/bad characters.

[IanMcL]

Good luck to him. Winning the Championship again, would be a good restart for him.

[Spijed]

I think he’ll have some work to do to get them in promotion form if he goes there, plus they might be starting on negative points. But he’s probably the right man for the job.

You'd think their squad would be better than most, in which case Dyche should be able to get the maximum value out of the team. Depending on whether they get a points deduction and what it is (a bit like Sheffield United) they should still be strong favourites to go up with SD in charge.

[warksclaret]

I have been advocating this for the past 2 months. They need someone who is used to scrapping near the bottom, and someone who can work with little funding. He has the pulling power to bring in some seasoned pros. If so just hope Stone is not one of his coaches. A coaching team of Dyche/Woan/Ben Mee could be a good bet

[ClaretTony]

Being heavily rumoured with the expectation that RVN will move on. Would be the perfect move for him.

Sky suggesting a short list of three with Dyche not in it. Martin is favourite.

[Milltown1882]

Sky suggesting a short list of three with Dyche not in it. Martin is favourite.

I was going off this that I read this morning https://www.footballinsider247.com/excl ... son-mk-ii/

[steve1264b]

i wish Sean nothing but happiness, however there are a couple of buts here.

Leicester can't sack RVN (and he won't leave with combo) because of financial fair play regulations until June. Also it isn't a done deal and they might have to keep him due to this.

Im no expert here but aren't they now subject to the football league financial regs and won't they have a heavy fine/points deduction because of their promotion season expenditure?

It always seems the way that the son of a millionaire isn't as keen on financially supporting a club as the father was!

[martin_p]

Sky suggesting a short list of three with Dyche not in it. Martin is favourite.

I’m not touching it!

[ClaretTony]

It always seems the way that the son of a millionaire isn't as keen on financially supporting a club as the father was!

Or more that King Power were massive losers during the Pandemic given their business and no longer have the finance available that they had previously.

[Spijed]

Sky suggesting a short list of three with Dyche not in it. Martin is favourite.

Is Russell Martin a good manager though?

Southampton finished 4th, never really threatened the automatic places last year and what followed this season less said the better.

[Quickenthetempo]

Or more that King Power were massive losers during the Pandemic given their business and no longer have the finance available that they had previously.

I think they have way bigger problems than that. It was reported they had a 113m wage bill last time in the championship. We have about 30m.
They have been avoiding the points deduction in between leagues, which looks like will happen this time.

If they sack RVN in this years budget it will send them over the FFP limit.

[AfloatinClaret]

Even allowing for a clear-out of the dead and decrepit, I reckon that subject to a manageable points deduction, Dyche could get them back up again.

[AmbleClaret]

Is Russell Martin a good manager though?

Southampton finished 4th, never really threatened the automatic places last year and what followed this season less said the better.

A record which puts him in poll position, such is the stupidity of most club owners these days.

[Shaggy]

Leicester are going to get hammered by the EFL and rightly so. A huge rebuild job required on a very tight budget. Not sure Dyche is the man for a rebuild. More a steady the ship kinda guy.

Whoever is in charge of the foxes next year I wouldn’t be putting them close to favourites for promotion.

[ecc]

Long read but they lost £19m in the FY up to May 2024.

Leicester City announce £19.4m loss for 2023/24 and expect PSR discussions to continue
Leicester City's accounts for the 2023/24 season have been published, a campaign where they had to reduce costs massively following their fall into the Championship

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Comments33

Sport
ByJordan Blackwell

10:00, 2 APR 2025Updated11:27, 2 APR 2025

Leicester City's King Power Stadium
Leicester City are in the red again... but their losses were considerably reduced last season. (Image: Joe Prior/Visionhaus via Getty Images)
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Leicester City expect continued discussions with the football authorities over profit and sustainability rules (PSR) after posting a loss of £19.4m for their Championship-winning season.

City’s accounts for the 2023/24 campaign have been published, showing the club have made a loss for a sixth straight season.

But the extent of the loss is considerably reduced compared to the previous two years, with City in the red to the tune of £92.5m in 2021/22 and £89.7m in 2022/23.

READ MORE: Leicester City handed transfer boost as UEFA reveal £200m payment

READ MORE: Leicester City facing PSR dilemma as Ruud van Nistelrooy relegation decision looms

The Premier League announced in January that none of their clubs were to be charged with a breach of PSR for the three-year period ending with 2023/24, but added that City remained at risk pending the outcome of a legal case.

Last September, it was announced that Leicester had successfully appealed against a charge for the three-year period ending with 2022/23, arguing that the Premier League’s rules did not apply to them after relegation. The Premier League are appealing against that decision.

Now, City have said they expect discussions with the Premier League and EFL to continue but would not speculate on what a potential sanction may look like.

Their accounts read: “The club has been involved in certain regulatory proceedings with the Premier League and the EFL in relation to the extent to which their respective P&S (Profit and Sustainability) rules apply to the club, in the specific circumstances of the club’s relegation to the EFL Championship and its immediate promotion back to the Premier League.

“The club expects that it will continue to discuss such P&S rules with the relevant football regulators. If the club was ultimately found to have failed to achieve compliance with any P&S rules which were held to be applicable to the club in its specific circumstances then there would be a risk of sanction by the relevant governing body, but at the current time it is impracticable to estimate the likely impact of any such sanction.”

City helped their bid to meet PSR for the three-year period ending with 2023/24 by selling players and dramatically reducing their wage bill to cope with the considerable drop in revenue in the Championship.

They made £71.8m in player trading profits by selling Harvey Barnes to Newcastle, Timothy Castagne to Fulham and Kiernan Dewsbury-Hall to Chelsea, the latter deal coming just before the June 30 Premier League accounting deadline in 2024.

James Maddison’s sale to Tottenham, which came in the same summer as Barnes and Castagne’s exits, was factored into the previous accounts as that came prior to June 30, 2023.

Partly because of relegation clauses in player contracts, City’s wage bill fell to £107.2m, down from £205.8m. The wage-to-turnover ratio remains above 100 per cent though - at 101.6 per cent, but down from 116 per cent the year before.

It is estimated that the figure would have been around 90 per cent without the promotion bonuses earned by the squad and staff at the end of last season.

Depending on the interpretation, City’s wage bill of £107.2m may be the biggest-ever in the Championship. There have been previous suggestions that Fulham, at £90m, hold the record, but Newcastle, in 2016/17, had a wage bill of £112.2m, although that was inflated by “onerous contract provisions”.

The reason City are still above 100 per cent is because their turnover reduced massively in the Championship, with falling broadcast and sponsorship payments meaning they made £105.3m, down from £177.3m the year before.

However, revenue from gate receipts remained the same, with City fans still packing out the King Power Stadium in the Championship.

While they made considerable profits on player trading, City did also bolster their squad in the summer of 2023 with an outlay of £61.5m on player registrations, with Harry Winks, Conor Coady, Mads Hermansen, Stephy Mavididi, and Tom Cannon all joining the club.

In these accounts, City's total debt stands at £206m, up from £179m the year before. However, it does not include the debt-to-equity transfer made by chairman Aiyawatt 'Top' Srivaddhanaprabha in January of this year, which converted all of the debt owed to King Power or the chairman himself into shares, effectively writing off £124m of that £206m.

In a statement, chief executive Susan Whelan said: “Operating outside of the Premier League during the 2023/24 season required some obvious adjustments compared with previous years.

“However, we achieved success on the pitch and attained promotion and the Championship title at the end of the season.

“As a club, we still have work to do to return to the consistent heights of the last 15 years and the ability to successfully adapt to different challenges is a strength we will rely on as we build for future seasons.

“Thank you to our supporters, staff and partners for the vital roles they play in the club’s development, for the loyalty they continually demonstrate and for the passion that will fuel our future progress.”

[ecc]

I think they have way bigger problems than that. It was reported they had a 113m wage bill last time in the championship. We have about 30m.
They have been avoiding the points deduction in between leagues, which looks like will happen this time.

If they sack RVN in this years budget it will send them over the FFP limit.

When could they sack him? 1 July or later?

[Vegas Claret]

Being heavily rumoured with the expectation that RVN will move on. Would be the perfect move for him.

Leicester fans are up there with Everton for moaning, I'd be amazed if they wanted Dycheball

[ecc]

A complacency and arrogance about Leicester'
A general view of the King Power stadium as fans of Leicester wave flagsImage source, Getty Images

Published
8 April 2025

Football finance expert Kieran Maguire believes Leicester City "thought relegation was impossible" when they most recently went down in 2023, having enjoyed enormous success in previous seasons.

The Foxes posted a pre-tax loss of £19.4m for the period ending June 2024, during which time they were promoted back to the top flight - but they look almost certain to be relegated again this season.

"Leicester have got themselves into a pickle," Maguire told a special BBC Radio 5 Live phone-in on life at the bottom of the Premier League.

"They seem to have budgeted to finish eighth in the Premier League each season. In the year they were relegated, they didn't appear to have relegation clauses embedded into contracts.

"Based on my figures, the average salary that year was £91,000 per week - that is not possible to deal with.

"They are the only club in the history of the Premier League to have paid more money out in wages than they have brought in in revenue, which is not a trophy that you want to keep.

"On a qualitative basis there were errors made and I think there was a complacency and arrogance about the club, in the sense that they thought that relegation was impossible. If you go around with that mentality then that becomes a risk which can become a self-fulfilling prophecy."

A complacency and arrogance: just about sums that club up perfectly.

[CharlieinNewMexico]

That’s the Kieran Maguire who was wrong about our finances again and again

[Quickenthetempo]

When could they sack him? 1 July or later?

That was the gist of the journalist that wrote it.

[Quickenthetempo]

That’s the Kieran Maguire who was wrong about our finances again and again

When you say he was wrong, do you mean in predictions or he can't read accounts?

[Big Vinny K]

That’s the Kieran Maguire who was wrong about our finances again and again

Wrong about what ?
He’s an excellent journalist

[NewClaret]

Dyche will need to choose his next gig carefully.

Leicester could be a good match for him I think, but I think he thinks he’s an established premier league manager and might want to bide his time until a bigger role comes up, which he might also be wise to do.

After taking us and Everton to the brink of relegation there are question marks over him, but he still hasn’t really had a budget or got anyone relegated, so I’d say he’ll be in the conversation for some premier league vacancies.

If Leicester are in the financial turmoil some suggest, going there and not taking them up might not do his CV any favours.

[Big Vinny K]

After taking us and Everton to the brink of relegation there are question marks over him

Seriously ?
I’m not sure that would be the analysis of anybody looking at him as their next manager.

It’s more likely to be that he avoided relegation despite both clubs spending less in the transfer market than any other club in the league and having to bring more in player sales than he spent on new players.

Think Leicester btw would be a good club for him. Big club and great chance of bouncing back - though big rebuild on for any new manager.

I don’t like the club at all as they have been a financial basket case on several occasions now and have not been penalised anywhere near as much as they should have been for deliberately flaunting rules. Even going back to when they built their current ground they went into administration and the main construction firm were left owed millions and had to make a number of redundancies whilst Leicester carried on paying astronomical wages to their players.

[Sleeping Cat]

Don't most Leicester fans hate Dyche, stemming from comments he made when we were both promoted in 13/14? I seem to recall whenever he has been linked to the role before then the comments around him have been pretty negative. Could very quickly descend into the same situation as Cooper if so, with fans on his back from day 1.

[NewClaret]

Seriously ?
I’m not sure that would be the analysis of anybody looking at him as their next manager.

It’s more likely to be that he avoided relegation despite both clubs spending less in the transfer market than any other club in the league and having to bring more in player sales than he spent on new players.

Think Leicester btw would be a good club for him. Big club and great chance of bouncing back - though big rebuild on for any new manager.

I don’t like the club at all as they have been a financial basket case on several occasions now and have not been penalised anywhere near as much as they should have been for deliberately flaunting rules. Even going back to when they built their current ground they went into administration and the main construction firm were left owed millions and had to make a number of redundancies whilst Leicester carried on paying astronomical wages to their players.

I think after us, most would’ve looked at it purely on your assessment, yes. With Everton knocking around there for a few years, but particularly Moyes coming in and transforming their form with the same team, I think it’s reasonable that people might ask ‘are his methods ever going to achieve any more than a relegation dogfight’?

There’s plenty who would be perfectly happy with coming out the right side of a relegation dogfight. Us, for example, and anyone who gets drawn in to it next year. Leicester, Southampton and Ipswich might all have done much better this year had they recruited him as soon as he became available. I’d be surprised if teams much higher up the league would consider him, but one will come along.

My point was more that he definitely (and rightly) will consider himself a premier league manager so it depends whether he fancies taking on a rebuild challenge and building up again, or holding out for another premier league offer. I don’t think a failed Championship campaign with Leicester will do much for his prospects of managing in the premier league again though. So a bit of a risk, I’d say.

[Big Vinny K]

I think after us, most would’ve looked at it purely on your assessment, yes. With Everton knocking around there for a few years, but particularly Moyes coming in and transforming their form with the same team, I think it’s reasonable that people might ask ‘are his methods ever going to achieve any more than a relegation dogfight’?

There’s plenty who would be perfectly happy with coming out the right side of a relegation dogfight. Us, for example, and anyone who gets drawn in to it next year. Leicester, Southampton and Ipswich might all have done much better this year had they recruited him as soon as he became available. I’d be surprised if teams much higher up the league would consider him, but one will come along.

My point was more that he definitely (and rightly) will consider himself a premier league manager so it depends whether he fancies taking on a rebuild challenge and building up again, or holding out for another premier league offer. I don’t think a failed Championship campaign with Leicester will do much for his prospects of managing in the premier league again though. So a bit of a risk, I’d say.

He saved Everton from going down and but for the points deduction they would have finished in one of their highest positions in years.

Which other managers in the EPL have had anything other than a relegation dog fight when they are spending less on transfer fees than they are bringing in player sales ?

If you can name any manager in the history of the Premier League who kept their club in the league for the sustained period Dyche did with budgets Burnley had then feel free to name them.

[Bow]

I’m not sure Leicester will consider Dyche good enough for them. Look at how quickly Everton improved when he left.

[NewClaret]

He saved Everton from going down and but for the points deduction they would have finished in one of their highest positions in years.

Which other managers in the EPL have had anything other than a relegation dog fight when they are spending less on transfer fees than they are bringing in player sales ?

If you can name any manager in the history of the Premier League who kept their club in the league for the sustained period Dyche did with budgets Burnley had then feel free to name them.

Fair point about the points tally distorting his league position in his first year.

I’ve said that he did a good job on his budget, so I think we’re agreeing on that. I think he’ll therefore be an attractive prospect to chairmen with no budget (and in some level of distress/turmoil because he managed that very well).

For that reason, I don’t think he needs to jump at a (risky) Championship rebuild, when he will get another premier league job. Leicester risky both in the sense he might have financial constraints again and/or points deductions to contend with according to this thread.

That said, I don’t think a top side will come along and take a punt on him. His experience probably doesn’t match what they want and his style is ‘unfashionable’, rightly or wrongly. Stranger things have happened though (Kompany to Bayern), which is yet another reason not to jump at a Championship job too soon imo.

In summary, I think he needs to choose his next gig wisely else he might go in the wrong direction.

That was my point and don’t think it’s particularly controversial.

[Devils_Advocate]

I’m not sure Leicester will consider Dyche good enough for them. Look at how quickly Everton improved when he left.

Burnley also quickly improved when he left us and Jackson took charge

[Big Vinny K]

Fair point about the points tally distorting his league position in his first year.

I’ve said that he did a good job on his budget, so I think we’re agreeing on that. I think he’ll therefore be an attractive prospect to chairmen with no budget (and in some level of distress/turmoil because he managed that very well).

For that reason, I don’t think he needs to jump at a (risky) Championship rebuild, when he will get another premier league job. Leicester risky both in the sense he might have financial constraints again and/or points deductions to contend with according to this thread.

That said, I don’t think a top side will come along and take a punt on him. His experience probably doesn’t match what they want and his style is ‘unfashionable’, rightly or wrongly. Stranger things have happened though (Kompany to Bayern), which is yet another reason not to jump at a Championship job too soon imo.

In summary, I think he needs to choose his next gig wisely else he might go in the wrong direction.

That was my point and don’t think it’s particularly controversial.

You are correct in saying that he needs to choose his next gig carefully is not particularly controversial

However saying he took Burnley and Everton to the brink of the relegation and this means there are question marks over him because of this is in my view just not a fair or accurate way to describe the most successful manager we have had in the last 50 or 60 years.

There will always be question marks about Dyche as there are for most other managers. For Dyche these are undoubtedly about his style of football and also I imagine that he has never been given £100m or £150m to spend in one transfer window without having to sell lots of players - so guess he is unproven in that respect too.

Where he is proven is getting a team up from the championship and keeping a team in the EPL on limited resources / budget (relative to majority of teams in that league). That criteria fits a number of clubs pretty much every season. And realistically these types of clubs are the only ones where he has got a shot of getting the job. If there is any truth in Leicester approaching someone like Russell Martin I think it’s an absolute joke that a club thinks that’s a better choice of manager than someone like Dyche.

[Woodleyclaret]

Sean kept Everton up helped by dodgy non points fiasco but he did great for a couple of seasons

[NewClaret]

You are correct in saying that he needs to choose his next gig carefully is not particularly controversial

However saying he took Burnley and Everton to the brink of the relegation and this means there are question marks over him because of this is in my view just not a fair or accurate way to describe the most successful manager we have had in the last 50 or 60 years.

There will always be question marks about Dyche as there are for most other managers. For Dyche these are undoubtedly about his style of football and also I imagine that he has never been given £100m or £150m to spend in one transfer window without having to sell lots of players - so guess he is unproven in that respect too.

Where he is proven is getting a team up from the championship and keeping a team in the EPL on limited resources / budget (relative to majority of teams in that league). That criteria fits a number of clubs pretty much every season. And realistically these types of clubs are the only ones where he has got a shot of getting the job. If there is any truth in Leicester approaching someone like Russell Martin I think it’s an absolute joke that a club thinks that’s a better choice of manager than someone like Dyche.

Unless of course they’d already contacted Dyche and he’d said no? Which I’d expect he might.

I think we’re agreeing really. I said “After taking us and Everton to the brink of relegation there are question marks over him”

He flirted with relegation with us for most of his seasons in charge in the premier league and his couple with Everton. Both teams improved performances improved after he left. I think that’s fairly factual.

I don’t think many chairmen will look at Dyche as a “top half” manager, even though he has achieved it both with us and Everton (I think) when considering the points deduction. If he gets an interview anywhere that will be his pitch: look at what I’ve achieved with no budget.

So anyone with no budget will love the sound of him, and there will be some around, and someone with a budget might be willing to take a chance at giving him his first. While he’s got that feather in his cap I think it’d be unwise to drop down to the Championship, personally, but I think he’d do a great job for them if he did take it.