King Power duty free up for grabs

[hackneyfox]

King Power have missed out on the rights for duty free at the fastly expanding Utapao airport near to Pattaya.

 

 

https://fansonline.net/leicestercity/mb/view.php?id=1150413

[siraaj_lcfc]

Utapao what now?.. Wheres this?

 

[hackneyfox]

Near Pattaya 

 

[Babylon]

Someone on there said they won the duty free, but missed out on another part.

 

Either way, things stay as they are it doesn't matter anyway because they don't use their own cash now.

[hackneyfox]

1 minute ago, Babylon said:

Someone on there said they won the duty free, but missed out on another part.

 

Either way, things stay as they are it doesn't matter anyway because they don't use their own cash now.

Are the club paying for the new training ground and ground expansion?

[lifted*fox]

it's one of many airports that they operate in.

 

i don't think it's time to panic about the KP billions just yet, tbqh. 

[Trav Le Bleu]

Obviously this means we're doomed. Might as well jack it all in right now.

[hackneyfox]

How is the £120m for the training ground being funded?

Surely we've spent most of what we made from winning the league and the CL campaign?

[Babylon]

1 hour ago, hackneyfox said:

Are the club paying for the new training ground and ground expansion?

We will do, a large chunk paid for via the club (£60m ish in the bank, if not more). The restin a HP agreement like we have for the ground. Lets put it this way, they aren't going to be out of pocket if things stay as they are (ie. we stay up). What with the £3.5m per annum management fees we pay to KP, £5.282m we owe them on a previous loan and the, HP fee we pay each year (rising 8% per annum) currently at £1,554m. And the rest!

 

 

[Nalis]

1 hour ago, Trav Le Bleu said:

Obviously this means we're doomed. Might as well jack it all in right now.

Who are we all gonna support now? I suggest a local, smaller lower league team like Forest or Derby.

[Babylon]

21 minutes ago, hackneyfox said:

How is the £120m for the training ground being funded?

Surely we've spent most of what we made from winning the league and the CL campaign?

We've not really spent any more than the likes of Watford, Bournemouth, Palace etc on players, so we should and have got a large sum of money sat in the bank. Which I'm sure will be used to part fund the training ground. 2017 accounts it was about £55m in the bank cash.

 

Either KP Holdings will pay for the rest and we pay it back HP, like we do with the ground. Or it will be a bank loan directly. Guarantee it will be a KP Holdings HP agreement though as it's a nice money earner for them.

Edited 23 November 2018 by Babylon

[hackneyfox]

How much is the ground expansion going to cost?

[Mike Oxlong]

Let’s hope they can launch a hostile bid on Bargain Booze