The Owners

[Chrysalis]

I never said they not commited.

[Redouane]

To be fair, I agree with you to a certain extent. The owners are clearly here for profit, not for glory like Abrahmovic in Chelsea. Their highest record purchase is 30 mil despite winning the prem and achieving 1/4 in the UCL, they are willing to sell "star players" if a fair offer comes in, ect.

 

 

[hackneyfox]

3 hours ago, Redouane said:

To be fair, I agree with you to a certain extent. The owners are clearly here for profit, not for glory like Abrahmovic in Chelsea. Their highest record purchase is 30 mil despite winning the prem and achieving 1/4 in the UCL, they are willing to sell "star players" if a fair offer comes in, ect.

 

 

So why did they write off £100m of debt?

Or did that happen before you took an interest in us?

[st albans fox]

2 minutes ago, hackneyfox said:

So why did they write off £100m of debt?

Or did that happen before you took an interest in us?

writing off the debt helped with FFP in the championship season as it reduced interest payable

 

given that they converted it to share value and given that the club is now making a big profit each season, they would know that they could recover that 100m via dividends.

 

will be interesting to see the accounts for last year to see if the excess is left in the business or were any dividends extracted. tbh, they could be taking money out via invoices to the club rather than dividends anyway so may not be clear.

 

[hackneyfox]

It was said at the time that it could never be reclaimed.

[Babylon]

3 hours ago, Redouane said:

To be fair, I agree with you to a certain extent. The owners are clearly here for profit, not for glory like Abrahmovic in Chelsea. Their highest record purchase is 30 mil despite winning the prem and achieving 1/4 in the UCL, they are willing to sell "star players" if a fair offer comes in, ect.

 

 

They are billionaires, running a football club isn't going to vastly improve their wealth you know. We're not stock piling money, we've had one of the biggest net spends since promotion (You think a club like Leicester spending £30m isn't a big deal?  ), we pay good money, we spend lots on training grounds etc.

 

If they are here for anything it's the kudos that comes with running a football club. They want to be winners, you only have to look at their other sports investments to know that. Their decision making so far has got us promoted and won us the league. Maybe it was by luck more than design, but when you've made those sorts of decisions it's going to take a while before you start questioning your decisions.

 

 

[WigstonWanderer]

11 minutes ago, hackneyfox said:

So why did they write off £100m of debt?

Or did that happen before you took an interest in us?

That would effectively make the club worth 100m more in capital value, so could be recovered when sold. A bit like paying off a mortgage.

Edited 2 October 2017 by WigstonWanderer

[Babylon]

4 minutes ago, st albans fox said:

writing off the debt helped with FFP in the championship season as it reduced interest payable

 

given that they converted it to share value and given that the club is now making a big profit each season, they would know that they could recover that 100m via dividends.

 

will be interesting to see the accounts for last year to see if the excess is left in the business or were any dividends extracted. tbh, they could be taking money out via invoices to the club rather than dividends anyway so may not be clear.

 

Why does them converting it to equity matter when they already owned 100% of the club anyway?

 

They could take money out, but there has been nothing to suggest they have in the books other than some relatively small interest payments.

[Babylon]

2 minutes ago, WigstonWanderer said:

That would effectively make the club worth 100m more in capital value, so could be recovered when sold. A bit like paying off a mortgage.

Point being at the time promotion was not guaranteed and you'd have been lucky to sell the club for £1 if it was in the championship with £100m debt and £17m on a stadium outstanding.

[Redouane]

18 minutes ago, hackneyfox said:

So why did they write off £100m of debt?

Or did that happen before you took an interest in us?

You need money to make money. And it's not just about money actually, owning a football club becomes an insurance policy. Watch the documentary below if you have the time

 

 

[st albans fox]

1 hour ago, Babylon said:

Why does them converting it to equity matter when they already owned 100% of the club anyway?

 

They could take money out, but there has been nothing to suggest they have in the books other than some relatively small interest payments.

I get that babs - just pointing out that converting the debt to equity removes several millions of interest to help fit FFP in the championship 

 

you can't have 100m of debt in the business and not charge interest at a 'commercial rate' - FFP doesn't allow it.  

[Guest ttfn]

They won't crystallise their return on their investment in the club through dividends. Eventually they'll sell and see their return come in that way. The club is probably worth twice what they've invested now.

 

If you're mega wealthy and don't need the cash from this source then all taking dividends is doing is reducing the value of the club when you come to sell it.

[st albans fox]

37 minutes ago, ttfn said:

They won't crystallise their return on their investment in the club through dividends. Eventually they'll sell and see their return come in that way. The club is probably worth twice what they've invested now.

 

If you're mega wealthy and don't need the cash from this source then all taking dividends is doing is reducing the value of the club when you come to sell it.

Yes and no - if you are you selling the club as a going concern generating tens of millions of profits each year then the value will be predicated on that plus the assets (plus other bits such as availability of similar clubs and brand value) -  any cash left in the business is just added to this price. Depending on the tax situation the owners are in, it may be better for them to take this cash out as dividends before any sale. If you were a uk taxpayer, it wouldn't. 

Edited 2 October 2017 by st albans fox

[Happy Fox]

Interesting could we be one of the potential clubs?

 

http://www.skysports.com/football/news/11661/11065449/amanda-staveley-considering-premier-league-takeover-of-one-of-three-clubs

 

Private equity fund manager Amanda Staveley, who was spotted in the directors' box at Newcastle on Sunday, is currently considering the potential takeover of one of as many as three Premier League clubs.

The 44-year old financial guru has built up contacts in boardrooms across the UK over the past decade and has made no secret of her interest in investing in the Premier League.

[Nick]

3 minutes ago, Happy Fox said:

Interesting could we be one of the potential clubs?

 

http://www.skysports.com/football/news/11661/11065449/amanda-staveley-considering-premier-league-takeover-of-one-of-three-clubs

 

Private equity fund manager Amanda Staveley, who was spotted in the directors' box at Newcastle on Sunday, is currently considering the potential takeover of one of as many as three Premier League clubs.

The 44-year old financial guru has built up contacts in boardrooms across the UK over the past decade and has made no secret of her interest in investing in the Premier League.

Very much doubt it.

[stripeyfox]

But.. apart from getting us promoted, wiping out our huge debts, buying back our stadium, winning the premiership, capping ticket prices, giving us free beer and doughnuts, what else have they done for us?

 

[Wymsey]

2 minutes ago, stripeyfox said:

But.. apart from getting us promoted, wiping out our huge debts, buying back our stadium, winning the premiership, capping ticket prices, giving us free beer and doughnuts, what else have they done for us?

 

Introduced the clappers to 'enhance' the atmosphere..

Edited 3 October 2017 by Wymeswold fox

[TheLittleBigMan]

They've invested heavily since the purchase of our club, and there is no doubt what they have done for us has saved us from the doldrums we were in for so many years. Take a look at other clubs, as big as ours who have collapsed into obscurity. We were so close. 

For me it's about perspective. To think that they have a fundamental interest in making even more money, over and above anything else is a bit daft. Yes, they bought the club to enhance the king power brand, but personally I think the social elevation is of equal importance to them. They want to dine at the top table (see what I did there?), play polo with the royals and land helicopters on any pitch that has an audience. 

I don't think they'll bail on us, especially if the club is failing. That would be embarrassing. Innit.  

Edited 4 October 2017 by TheLittleBigMan

[FoxFossil]

20 hours ago, Happy Fox said:

Interesting could we be one of the potential clubs?

 

http://www.skysports.com/football/news/11661/11065449/amanda-staveley-considering-premier-league-takeover-of-one-of-three-clubs

 

Private equity fund manager Amanda Staveley, who was spotted in the directors' box at Newcastle on Sunday, is currently considering the potential takeover of one of as many as three Premier League clubs.

The 44-year old financial guru has built up contacts in boardrooms across the UK over the past decade and has made no secret of her interest in investing in the Premier League.

If you look at it from a business perspective, then the OH Leuven purchase is really interesting. Install a manager who has a track record of building a club and adding real value. Question is, is there any real prospect of further value growth at LCFC? If not, then sell whilst it has some value and invest where there is more scope. Foxtalk seem to believe Leuven is a feeder for LCFC, but I do wonder if it actually the next low risk- high reward business opportunity to move onto inplace of LCFC.

[sphericalfox]

5 minutes ago, FoxFossil said:

If you look at it from a business perspective, then the OH Leuven purchase is really interesting. Install a manager who has a track record of building a club and adding real value. Question is, is there any real prospect of further value growth at LCFC? If not, then sell whilst it has some value and invest where there is more scope. Foxtalk seem to believe Leuven is a feeder for LCFC, but I do wonder if it actually the next low risk- high reward business opportunity to move onto inplace of LCFC.

It is possible to run both in tandem without concluding a doom scenario.

[FoxFossil]

3 minutes ago, sphericalfox said:

It is possible to run both in tandem without concluding a doom scenario.

True, and they don't need the money. But buy low, sell high isn't a bad plan.

[Stadt]

They've been incredibly lucky.

[Russell sprout]

3 hours ago, Wookie said:

They've been incredibly lucky.

So have we as fans

[GaelicFox]

On 02/10/2017 at 12:48, hackneyfox said:

So why did they write off £100m of debt?

Or did that happen before you took an interest in us?

 

 

your not an accountant are you 

[dylanlegend]

Yeh they shit ain't they, done nothing for our club...

 

Bring back Martin George