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Langley

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    Maresca to Man City

    in Leicester City Forum

    Posted

    8 minutes ago, Broof said:

    Scoring two goals per game and winning the league? Nah mate it's been way more fun watching Jordan Ayew fall over whilst the rest of the team develops depression. 

    This is the way. 

    Stadium Expansion *APPROVED* Sept ‘22 - Details / Images Released on Planning Site

    in Leicester City Forum

    Posted

    7 hours ago, Sly said:

    The best time to plant a tree was 20 years ago. The second-best time is today.

     

    The sooner they’d have moved on construction of this, the less this will cost in the long run. All businesses know this, so they tend to move quite quickly if they want to get something done. I wonder is the initial rise in interest rates impacted us. 
     

    Companies will always look at short, medium and long term strategies, one of which will be growth and expansion through upscaling.


    We haven’t just slowed us up in terms of PSR. Unfortunately as the off field financial situation changed with heavy losses at Leicester, this was coupled with a change in King Powers priorities due to challenges in Thailand and the financial impacted they have also faced.  
     

    The potential King Power priority check has happened in terms of longer term investment into the overall business and they have potentially adapted to a model whereby they’ve just got to stem the bleeding, rather than growing.
     

    You don’t make money in football unless you have a conveyor belt of talent and sell more than you buy. How many clubs do that? Whilst we do have the facilities to do this, the reality is, no one at the level Vichai aspired for us to be at have a continual nett positive profit set of accounts. 

     

    We can assume by our transfer activity that our strategy has changed. PSR is a convenient excuse, however I don’t think King Power / Top want us, or can afford for us to be bleeding money at the rate we have been for the past 10 years. We also like to leverage our assets to secure loans, so how are they doing this? Would they use the current stadium as collateral? It’s on hire purchase to the club from another King Power business, so that’s a little messy as well. 
     

    The model we had was always semi unsustainable, as we gambled and didn’t sell out depreciating assets (the players) at the right time. 

     

    We have gone to a lot of effort, to generate plans, concept designs etc, just for it to be used as an upsell gimmick to sell the club.
     

    We are at a crossroads though, if the longer term plan is to sell then the leg work has been done I guess. 
     

    The cost to build the stadium, hotel, extra hospitality, additional sports stadium etc is going to cost potentially £250m - £300m realistically. That is only going to add in the region of £150m - £250m to our valuation, making us a £500m - £600m purchase. If King Power do plan to sell, maybe they are thinking sell and let someone else build, as it generates further losses for them, thus placing more financially burden on a business which has faced its challenges in the past year. 


    If you are a potential buyer of a football currently, if the rumours are true, quite a few clubs are on the table.

     

    Bristol City - £150m

    Leicester City - £300m (£600m with rebuild)

    Southampton - £250m

    Tottenham - £3b

    Manchester United - £6b 

     

    We have upscale value against some others and will have a current depressed value due to our status outside the Premier League. We have a decent catchment as a one club city however. 

    When you consider who would potentially be buying us and then pouring money in to undertake the expansion etc, it’s an entire host of people that supporters will rebel against. 

    You’re looking at Gulf investment firms, Asian consortiums, with potentially betting links (albeit the upside of betting is slowing down), American investors who want to engage in sports etc.

    The supporters will kick back whoever buys us, as top level sport isn’t really local or a family run business now. 
     

    The entire future and how we operate, could change dramatically.

     

    1. We could sell our souls to the devil and push to be a top, unethical club. You can see how well that isn’t going for Newcastle and Aston Villa in that regards. I mean, could you see us as Red Bull Leicester, with the expanded Red Bull Stadium? 

     

    2. We meander back to a club that ticks over, balancing the books and only spends what we earn. This feels like where OHL are sort of at. This likely sees us stay continuously in the Championship. 
     

    3. The place gets asset stripped and we are sold off piece meal, similar to what happened with Bolton, Bury, Wigan etc. 
     

    We are in a bit of a stick or twist moment in terms of where we are at as a club but unfortunately, we are halfway through the cycle of current Premier League money, with the next re-bid likely in late 2028. Football is at a bit of a crossroads itself, as PSR is strangling investment and it’s geared toward supporting the current big six clubs.
     

    Longer term, are the TV rights worth as much of the current deal, therefore reducing the money in the Premier League and again lowering all clubs value outside those clubs. 
     

    It would be an interesting topic of debate for @Ric Flair and the @BLSBPod to debate.
     

    Unfortunately as communication from the Club / King Power is like shouting into a vacuum in outer space, we are all, literally speculating on what the long term plans are. 

     

     

    Interest rates are too high - We don't have the cash. 

    Jamie Vardy - Goodbye to our GOAT

    in Leicester City Forum

    Posted

    1 hour ago, LinekersLugs said:

    €25k a week according to sky sports 

     

    wow some English clubs are nuts to let a player of that quality pass them by for that sort of coin

     

    his time here had ended but he surly had more to offer in English football 

    some of us grew up watching italian football on the telly. 

     

    San Siro, Stadio Olympico etc. 

     

    So many ex pro's say that they wished they'd have gone abroad. 

    Away game etiquette

    in Leicester City Forum

    Posted

    1 minute ago, Leicester_Loyal said:

    Probably because of how the priority system has been the same for over 10 years now, so young lads can't get tickets unless using someone elses reference.

     

    it's that people only raise this when there are "big games" or "big teams". 

     

    No issue with Huddersfield for £10 in the cup or Preston away. 

     

    You have to go to them games to get the points. 

     

    But coach one can do one. Had this at Arsenal away a few seasons ago. Awful lot. 

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