Vindaloo FOX Posted 20 August 2020 Share Posted 20 August 2020 2 hours ago, st albans fox said: Actually, the situation in Thailand may sometimes be more relevant to our transfer dealings than we think ! At least vindaloo can bring some facts and supportable opinions into a part of the forum which, by definition, will be sadly lacking in such things ! taglia who ? I'm happy to share what is going on out here, but also I'm no expert. I just get my info from all the media outlets and we all know the media can talk lots of rubbish at times. I learn a lot more from my Thai friends about what is going on here. It's pretty funny lots of my Thai friends all supported Leicester when we won the league but now they all support Liverpool 🤣 Link to comment Share on other sites More sharing options...
st martin Posted 20 August 2020 Share Posted 20 August 2020 Leicester’s latest loan does not specify how much they can borrow from Macquarie, although it is the sixth time they have entered an arrangement with the lender. The second – made in December 2018 – has been satisfied but was reported at the time to be larger than the first arrangement over Mahrez and had been earmarked to help fund a new training ground and expand the King Power Stadium. Two more are outstanding, although Maguire does not believe there is any evidence of financial difficulties at a club on course to qualify for the Champions League. “What will often happen is that you might have separate charge arrangements over separate assets belonging to the club,” he says. “It could be something as simple as that – I don’t think there is anything Machiavellian in it.” Two outstanding loans, can the club really afford new transfers without selling Chilwell ? Link to comment Share on other sites More sharing options...
Webbo Posted 20 August 2020 Share Posted 20 August 2020 18 minutes ago, st martin said: Leicester’s latest loan does not specify how much they can borrow from Macquarie, although it is the sixth time they have entered an arrangement with the lender. The second – made in December 2018 – has been satisfied but was reported at the time to be larger than the first arrangement over Mahrez and had been earmarked to help fund a new training ground and expand the King Power Stadium. Two more are outstanding, although Maguire does not believe there is any evidence of financial difficulties at a club on course to qualify for the Champions League. “What will often happen is that you might have separate charge arrangements over separate assets belonging to the club,” he says. “It could be something as simple as that – I don’t think there is anything Machiavellian in it.” Two outstanding loans, can the club really afford new transfers without selling Chilwell ? Isn't it the case that we've borrowed the money we will be receiving for Maguire and Mahrez in installments? We get the money upfront and Macquarie receive the payments from Man U and Man City. 2 Link to comment Share on other sites More sharing options...
coolhandfox Posted 20 August 2020 Share Posted 20 August 2020 18 minutes ago, st martin said: Leicester’s latest loan does not specify how much they can borrow from Macquarie, although it is the sixth time they have entered an arrangement with the lender. The second – made in December 2018 – has been satisfied but was reported at the time to be larger than the first arrangement over Mahrez and had been earmarked to help fund a new training ground and expand the King Power Stadium. Two more are outstanding, although Maguire does not believe there is any evidence of financial difficulties at a club on course to qualify for the Champions League. “What will often happen is that you might have separate charge arrangements over separate assets belonging to the club,” he says. “It could be something as simple as that – I don’t think there is anything Machiavellian in it.” Two outstanding loans, can the club really afford new transfers without selling Chilwell ? Its about releasing cash flow, PL money is paid in instalments over a 12 month period, so it about just have that cash in one go and then just paying it back as the PL money is paid. 1 Link to comment Share on other sites More sharing options...
danfox76 Posted 20 August 2020 Share Posted 20 August 2020 4 minutes ago, coolhandfox said: Its about releasing cash flow, PL money is paid in instalments over a 12 month period, so it about just have that cash in one go and then just paying it back as the PL money is paid. this ^^.. our loans are backed by the premier league money that we're owed from our final league ranking.. the loans are covered and paid for by the PL money as stated above... an advance on the cash. 1 Link to comment Share on other sites More sharing options...
danfox76 Posted 20 August 2020 Share Posted 20 August 2020 and if we ever got relegated.. i'm pretty sure the parachute payments would be used instead to cover the loan. 1 Link to comment Share on other sites More sharing options...
Dahnsouff Posted 20 August 2020 Share Posted 20 August 2020 Just now, danfox76 said: and if we ever got relegated.. i'm pretty sure the parachute payments would be used instead to cover the loan. Yes, I read an article about this some time ago and it appears it tied to league payments, but also to parachute payments in the event we went down Link to comment Share on other sites More sharing options...
hackneyfox Posted 20 August 2020 Share Posted 20 August 2020 4 hours ago, st albans fox said: Actually, the situation in Thailand may sometimes be more relevant to our transfer dealings than we think ! At least vindaloo can bring some facts and supportable opinions into a part of the forum which, by definition, will be sadly lacking in such things ! taglia who ? From Nagerz on Bentleys: I've been here for 16 of those 20 years. A few kafuffles, nothing major. 2 coups during my time.... both no one killed. Riots at central world 10 years ago led to a few hundred being shot. None of this is in danger of happening again as it stands now. KingPower are not in trouble. 1 Link to comment Share on other sites More sharing options...
coolhandfox Posted 20 August 2020 Share Posted 20 August 2020 20 minutes ago, danfox76 said: this ^^.. our loans are backed by the premier league money that we're owed from our final league ranking.. the loans are covered and paid for by the PL money as stated above... an advance on the cash. Isn't that what I said Link to comment Share on other sites More sharing options...
sacreblueits442 Posted 20 August 2020 Share Posted 20 August 2020 8 hours ago, Leeds Fox said: I’m speaking from a very uneducated perspective here, but wouldn’t a military run government be the best to deal with ‘not so peaceful prostests’ against their current rule. If it was the other way around, there would be potential for change. However as it stands, it’ll remain regardless of protest? Please correct me if I’m wrong (which is likely). I assume the protests are peaceful because going the other way would be a fairly poor decision and get nullified more quickly than the peaceful route? ...perhaps waiting for support from USA and Europe!!! If they can maintain the protest long enough the West will eventually start to show support for the protesters, perhaps the timing is not too good as the USA has a lot on its hands with an impending Election and Trump focused on re-election. Link to comment Share on other sites More sharing options...
st martin Posted 20 August 2020 Share Posted 20 August 2020 1 hour ago, coolhandfox said: Its about releasing cash flow, PL money is paid in instalments over a 12 month period, so it about just have that cash in one go and then just paying it back as the PL money is paid. Yes, but they are not giving these loans for free, we have to pay millions in interest. If our owners are awash with funds than why would they part with a big slice of TV money in interest payments ? Link to comment Share on other sites More sharing options...
Grebfromgrebland Posted 20 August 2020 Share Posted 20 August 2020 Maybe we're taking the loan out because we've sold a high value player already? Link to comment Share on other sites More sharing options...
sacreblueits442 Posted 20 August 2020 Share Posted 20 August 2020 7 minutes ago, Grebfromgrebland said: Maybe we're taking the loan out because we've sold a high value player already? ..the loan is against revenue from our final position for this season, it was previously stated by the club how they would finance the new Training Ground and the stadium expansion in this way!!! Link to comment Share on other sites More sharing options...
Guest SO1 Posted 20 August 2020 Share Posted 20 August 2020 (edited) 5 hours ago, st albans fox said: Actually, the situation in Thailand may sometimes be more relevant to our transfer dealings than we think ! At least vindaloo can bring some facts and supportable opinions into a part of the forum which, by definition, will be sadly lacking in such things ! taglia who ? Agree. Would be nice if it had its own thread so these conversations don't get lost. All of football is about to get more affected by politics around the world than most of us would like. Edited 20 August 2020 by SO1 Link to comment Share on other sites More sharing options...
sphericalfox Posted 20 August 2020 Share Posted 20 August 2020 2 hours ago, st martin said: Leicester’s latest loan does not specify how much they can borrow from Macquarie, although it is the sixth time they have entered an arrangement with the lender. The second – made in December 2018 – has been satisfied but was reported at the time to be larger than the first arrangement over Mahrez and had been earmarked to help fund a new training ground and expand the King Power Stadium. Two more are outstanding, although Maguire does not believe there is any evidence of financial difficulties at a club on course to qualify for the Champions League. “What will often happen is that you might have separate charge arrangements over separate assets belonging to the club,” he says. “It could be something as simple as that – I don’t think there is anything Machiavellian in it.” Two outstanding loans, can the club really afford new transfers without selling Chilwell ? FFS Link to comment Share on other sites More sharing options...
Manini Posted 20 August 2020 Share Posted 20 August 2020 All the loan stuff is making me laugh. It’s quite obvious we don’t get all of our income as a club in a big lump sum (TV money, transfers, sponsorships). The club will know best how to manage the finances relating to that, it wouldn’t surprise me if most clubs were taking loans out to free up cash to be able to contribute to other costs. It’s not like John who lives on the saff putting 3 holidays a year and a BMW on a credit card and only paying the minimum payments! Link to comment Share on other sites More sharing options...
Grebfromgrebland Posted 20 August 2020 Share Posted 20 August 2020 1 hour ago, sacreblueits442 said: ..the loan is against revenue from our final position for this season, it was previously stated by the club how they would finance the new Training Ground and the stadium expansion in this way!!! Aw I was hoping that we were borrowing over the Chilwell cash Link to comment Share on other sites More sharing options...
Mickyblueeyes Posted 20 August 2020 Share Posted 20 August 2020 21 minutes ago, Manini said: All the loan stuff is making me laugh. It’s quite obvious we don’t get all of our income as a club in a big lump sum (TV money, transfers, sponsorships). The club will know best how to manage the finances relating to that, it wouldn’t surprise me if most clubs were taking loans out to free up cash to be able to contribute to other costs. It’s not like John who lives on the saff putting 3 holidays a year and a BMW on a credit card and only paying the minimum payments! This exactly. I mean, how many large organisations the world over secure lending to help with cash flow. It’s nothing like a personal loan. Some people just don’t understand the process. 1 Link to comment Share on other sites More sharing options...
hackneyfox Posted 20 August 2020 Share Posted 20 August 2020 2 hours ago, st martin said: Yes, but they are not giving these loans for free, we have to pay millions in interest. If our owners are awash with funds than why would they part with a big slice of TV money in interest payments ? Have you seen the interest rates lately? Calm down 1 Link to comment Share on other sites More sharing options...
coolhandfox Posted 20 August 2020 Share Posted 20 August 2020 2 hours ago, st martin said: Yes, but they are not giving these loans for free, we have to pay millions in interest. If our owners are awash with funds than why would they part with a big slice of TV money in interest payments ? Because they haven't put there own money in since we have been in the PL. Link to comment Share on other sites More sharing options...
Ric Flair Posted 20 August 2020 Share Posted 20 August 2020 27 minutes ago, coolhandfox said: Because they haven't put there own money in since we have been in the PL. Exactly, they want us to be self sufficient so that theres no danger of us being gone after by FFP again. 1 Link to comment Share on other sites More sharing options...
Popular Post UniFox21 Posted 20 August 2020 Popular Post Share Posted 20 August 2020 (edited) 3 minutes ago, Ric Flair said: Exactly, they want us to be self sufficient so that theres no danger of us being gone after by FFP again. Cynic in me thinks they're aware any slight example of stepping out of line would have the Prem stamping down on us, compared to that of other bigger teams. Edited 20 August 2020 by UniFox21 6 Link to comment Share on other sites More sharing options...
Ric Flair Posted 20 August 2020 Share Posted 20 August 2020 Just now, UniFox21 said: Cynic in me thinks they're aware any slight example of steeping out of line would have the Prem stamping down on us, compared to that of other bigger teams. 100% Link to comment Share on other sites More sharing options...
UniFox21 Posted 20 August 2020 Share Posted 20 August 2020 2 minutes ago, Ric Flair said: 100% Saddening really. But also incredible to show how sustainable and successful the model we use is. 2 Link to comment Share on other sites More sharing options...
Leeds Fox Posted 20 August 2020 Share Posted 20 August 2020 (edited) All of the above, is a credit to how much Vichai and Top did for us after they took over. We’re self sufficient now but that is down to great management from the very top down. We were in debt and didn’t own our the stadium. Now we’re a self-sufficient football club in the Premier League with an unbelievably valuable squad. We’d be paying interest on any loan we get. I suppose paying KP interest just keeps everything above board to the powers that be, who would (as @UniFox21 said) likely punish us given the chance. It isn’t as if King Power are using us for yearly profit and draining huge amounts from the club. We’re probably in the best position of the clubs our size. Edited 20 August 2020 by Leeds Fox 1 Link to comment Share on other sites More sharing options...
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