The Foxes Trust has hit back at the continued abuse dished out to City this week by the Football League Chairmen.

In a statement, the Trust says the following...

The Foxes Trust today expressed its total frustration with how Leicester City has again been singled out in a wave of attacks in the media this week for having gone through administration earlier this year.

Trust Press Officer, Ian Bason, said

"We are one of a number of clubs that suffered going into administration this season, yet it is always Leicester that gets criticised. It should be noted that the club was put into administration by the High Court following Eric Hall's attempts to wind the company up, however this fact is often ignored. By contrast Ipswich, who were taken into administration voluntarily by the clubs' owners, are rarely criticised.

"Now Joe Royle is complaining that Ipswich had to sell players and Leicester didn't, perhaps he may care to consider that Savage, Rowett, Marshall and Piper were all sold before the season to try & keep the club out of administration.

"The money received from those sales, some £10M, along with attempts to restructure the wage bill by giving free transfers to several players & agreeing wage deferrals was ultimately unsuccessful in keeping the club out of administration.

"We also note that Ipswich have had their transfer embargo lifted immediately having come out of administration in total contrast to Leicester, why are clubs being treated so differently?"

Richard Sheehan of the Trust added

'A comparison has been made between Notts Forest and ourselves, however Forest's problems happened in the previous season before the collapse of the transfer market due to the ITV Digital deal, so the ability to raise finance through player sales was significantly reduced.

"It is interesting that Marc Arthur the Forest Chief Exec states he thinks clubs in administration should be denied promotion, presumably the fact we were 18 points ahead of Forest means that a heavy points deduction would not be enough to deny Leicester this season."

Once again the Trust feels the actual figures relating to the amount of debt have been misrepresented. Paula Aldred the Trust Finance Officer explains:

"One figure quoted of £70m includes the potential situation if the club had been wound up, which in accordance with Football League rules, would have added over £20m to the debt of which £18m would be to pay all player contracts up with the balance being refunds for season tickets for matches not seen.

"Of the £50m figure over half of this relates to the mortgage for the stadium, the consortium being a new company a mortgage was not an option so the ground is now rented from the company who supplied the mortgage and not an asset owned by the club.

"The coverage this week implies the club had avoided paying £50m, it is simply not the case and the creditors voluntary agreement provides for up to 40% of the debt to be paid which is more generous than many other packages put together by clubs in administration."

Nigel Ritchie of the Trust summed the mood of Leicester fans

'Micky Adams has done a fantastic job in motivating a squad of players which previously had lost their confidence, that is the reason we got promoted.

"The club came within 24 hours of going out of existence but thanks to over 20 individuals plus the 3000 Trust members who invested money just in time we were saved, it seems the rest of the football world wishes we had failed"

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