Companies House - Registration of charge

[davieG]

Leicester City handed financial boost for potential January transfer push
The club have taken out a loan with Australian bank Macquarie ahead of the final couple of weeks in the January transfer window, with more signings still needed in relegation fight


ByJordan Blackwell

 

Leicester City have taken out a bank loan in a move that could signal a push for January transfers.

City have secured the loan, with Australian bank Macquarie, against future Premier League payments in what has become a standard practice for the club over the past few years. The loans are often taken out to aid cash flow and to cover the day-to-day running of the club, but the timing of the latest loan may suggest a focus on January deals.

The filing on Companies House was published on Monday evening, but is backdated to January 9. It does not specify how much the loan is for. There’s now less than a fortnight remaining in the winter window and City still have plans for further transfers, hoping to add a centre-back, a winger, and perhaps even a striker to their one recruit so far, right-back Woyo Coulibaly.

 

The latest loan is secured against Premier League payments up to June 2028. That also means it would be secured against parachute payments owed to the club in the event of relegation back to the Championship.

City’s previous deals with Macquarie came last September, when they not only took out a loan against Premier League payments, but also to bring forward the transfer instalments they were owed by Chelsea for the deal over Kiernan Dewsbury-Hall. Only £10m was paid up front by the Stamford Bridge club, with City using Macquarie to get the other £20m, rather than waiting for the next instalments this summer and next summer.

While the latest bank loan may help with January deals, it should not be interpreted that a spending spree is imminent with big-money deals on the way. While City avoided a charge over Profit and Sustainability Rules for the 2023/24 campaign, they are still working to ensure they do not go beyond the financial loss threshold in future seasons.

 

[ian__marshall]

Yet another glowing example of how well our club is run. Wait until the final stretch of the window with the world and his dog knowing how desperate we are for new players, then borrow money knowing full well it'll have to be filed with a public body. Everyone now knows not only are we desperate but we also have a a load a cash in the bank. Genius idea when you have someone like Rudkin negotiating deals on your behalf, what could possibly go wrong?!? 

[Levi Port]

Borrowed it on the 9th, probably around the time the club found out from the Prem they wouldn’t be charging us this season is my guess 

[jonny_wright]

 

[coolhandfox]

We do it all the time, don't think this is significant. 

[Chrysalis]

Top financial management in action.

[ithuriel]

Hmm maybe the question should not be what can go wrong, it should be what can we do right and with Rudders steering the ship towards every iceberg that presents itself, well, what more needs to be said.

[Paninistickers]

Classic KP stuff. 

 

Spending today our 2025 and 2926 parachute payments..

 

Which means, come August 2025 and we have no cashflow, we have to take another loan on around 70m worth of sales to keep our heads above water.

 

And then, August 2026 (assuming we aren't promoted) , another loan set against around 40m worth of player sales 

 

Tho, oddly, if there's one thing KP do well - and I suspect it's how they really built their billions - it's gambling the family silver over and over and not blinking 

[StanSP]

'cover the day to day running costs of the club'. 

 

Isn't this concerning that the club needs this loan to facilitate this along with a transfer fund for the manager? 

[StanSP]

18 minutes ago, Paninistickers said:

Spending today our 2025 and 2926 parachute payments

We've got another 900 years of KP?! 

 

Ffs, imagine what the season card charge will be then...

[Pita]

21 minutes ago, StanSP said:

'cover the day to day running costs of the club'. 

 

Isn't this concerning that the club needs this loan to facilitate this along with a transfer fund for the manager? 

Pay rise for the management 🤣🤣🤣🤣

[The Doctor]

23 minutes ago, StanSP said:

We've got another 900 years of KP?! 

 

Ffs, imagine what the season card charge will be then...

the immortal jon Rudkin is still DoF, and KPFC fans defend his failure to get a new striker to give the bones of Jamie Vardy a rest on the basis that Seagrave has been reclaimed by the newts.

[StanSP]

1 minute ago, The Doctor said:

the immortal jon Rudkin is still DoF, and KPFC fans defend his failure to get a new striker to give the bones of Jamie Vardy a rest on the basis that Seagrave has been reclaimed by the newts.

Vardy's on his 100th ACL but still recovers enough to be our top scorer. 

[The Doctor]

2 minutes ago, StanSP said:

Vardy's on his 100th ACL but still recovers enough to be our top scorer. 

see, that's why people are complaining about him cheating, because his skeleton doesn't have any ligaments to break

 

[Sly]

I see we’ve satisfied a load more charges, dating back to 2008.

 

 

 

 

 

Clearing debt to sell? 
 

We’re only left with the eight charges from Macquarie Bank now. 

[Tommy G]

6 hours ago, Sly said:

I see we’ve satisfied a load more charges, dating back to 2008.

 

 

 

 

 

Clearing debt to sell? 
 

We’re only left with the eight charges from Macquarie Bank now. 

Nothing to do with ''clearing debt to sell'' if you look at the charges in detail some relate to properties and some to Belvoir Drive, they could of been satisfied a while ago and the FD has forgot to complete the MR04 form. No biggie.