Leycestrian Posted 28 August 2020 Share Posted 28 August 2020 From the BBC: 'Gatwick airport says passenger numbers fell by 14.7 million, or two-thirds, in the first half of the year as air travel collapsed amid the pandemic' Presumably a similar situation is happening at Thai airports and the reduction in the number of passengers must have serious implications for the King Power business. Will this have an effect on our transfer budget ? We may have money from the sale of Maguire and Chilwell but could some of that money go to shore up the KP business ? Does LCFC owe money to KP, and if so could KP ask for repayment ? Link to comment Share on other sites More sharing options...
weller54 Posted 28 August 2020 Share Posted 28 August 2020 Chilwell money and Maguire money!...£130m+ Link to comment Share on other sites More sharing options...
VLC86 Posted 28 August 2020 Share Posted 28 August 2020 Just now, weller54 said: Chilwell money and Maguire money!...£130m+ That would be nothing compared to what KP is losing. I would question why KP would claim debts against Leicester when their owners run the club? Would make no sense whatsoever. 1 Link to comment Share on other sites More sharing options...
Popular Post sphericalfox Posted 28 August 2020 Popular Post Share Posted 28 August 2020 3 3 Link to comment Share on other sites More sharing options...
Pliskin Posted 28 August 2020 Share Posted 28 August 2020 7 minutes ago, Leycestrian said: From the BBC: 'Gatwick airport says passenger numbers fell by 14.7 million, or two-thirds, in the first half of the year as air travel collapsed amid the pandemic' Presumably a similar situation is happening at Thai airports and the reduction in the number of passengers must have serious implications for the King Power business. Will this have an effect on our transfer budget ? We may have money from the sale of Maguire and Chilwell but could some of that money go to shore up the KP business ? Does LCFC owe money to KP, and if so could KP ask for repayment ? KP don't pump pump money into the clubs transfer budget. We are self sufficient so the money we generate we spent on the club. I imagine that is why loans were taken out to cover the training ground so the club didn't spent so many millions in one go. 1 1 Link to comment Share on other sites More sharing options...
mozartfox Posted 28 August 2020 Share Posted 28 August 2020 50%+ of KP Duty revenues are derived from Chinese Customers and they 'ain't travelling at the moment. Add in the fact that a high percentage of their balance customers are also not travelling, this can only mean KP Tourism revenue must be be taking a massive hit. As for who owes who what, no idea. Common sense tells me they are kept as separate business entities. Link to comment Share on other sites More sharing options...
TommyK Posted 28 August 2020 Share Posted 28 August 2020 KP and LCFC are completely separate businesses. 1 1 Link to comment Share on other sites More sharing options...
Bluearmyfox28 Posted 28 August 2020 Share Posted 28 August 2020 20 minutes ago, Leycestrian said: From the BBC: 'Gatwick airport says passenger numbers fell by 14.7 million, or two-thirds, in the first half of the year as air travel collapsed amid the pandemic' Presumably a similar situation is happening at Thai airports and the reduction in the number of passengers must have serious implications for the King Power business. Will this have an effect on our transfer budget ? We may have money from the sale of Maguire and Chilwell but could some of that money go to shore up the KP business ? Does LCFC owe money to KP, and if so could KP ask for repayment ? I would imagine Thailand & Asian airports are a lot worse than ours. Link to comment Share on other sites More sharing options...
jeffschlupp Posted 28 August 2020 Share Posted 28 August 2020 (edited) As others have pointed out, the financial accounts of the last few years constantly talk about LCFC being self-sufficient and moving away from a reliance on KPI as they were early doors in the Championship. The shirt sponsorship as many will know is reportedly worth very little (£4m/season) but the deal with the Tourism Authority of Thailand may have helped both City and KPI in this regard both financially and in reputation terms. I don't believe the stadium sponsorship is that significant either. It was mooted pre-COVID that it was likely that KPI would move away from their mass sponsorship of the club and look for more valuable deals, we've seen that with Parimatch now sponsoring the club's training gear. We've got a £91m loan for the training ground but it is to be repaid in the next six years. The club's not short of money, and neither are KPI. Edited 28 August 2020 by jeffschlupp Link to comment Share on other sites More sharing options...
RoboFox Posted 28 August 2020 Share Posted 28 August 2020 Money is no object, apparently. Haven't you heard? We're about to sign Luis Suarez on £300k+ p/w. More seriously, the Club just took out another loan from Australian "Vampire Bank" Macquarie. Assume this is to make up the entire Chilwell transfer fee as it's likely going to be paid in installments which will then be paid back to Macquarie in the same installments (+6-odd % interest) This seems to indicate the club is not exactly flush with cash and required the full amount from the Chilwell deal in order to fund transfers into the club this summer. 1 Link to comment Share on other sites More sharing options...
peach0000 Posted 28 August 2020 Share Posted 28 August 2020 Worth remembering that king power has a pretty diverse set of investments. They don’t just do duty free. Link to comment Share on other sites More sharing options...
Simoken Posted 28 August 2020 Share Posted 28 August 2020 1 minute ago, RoboFox said: Money is no object, apparently. Haven't you heard? We're about to sign Luis Suarez on £300k+ p/w. I thought you were serious. Link to comment Share on other sites More sharing options...
CosbehFox Posted 28 August 2020 Share Posted 28 August 2020 Seen this repeatedly coming up - King Power appear to put next to no direct funds in the club. It self-funds itself with player departures and TV deal which is then used as collateral for a cash loan to an Australian bank. That's not unusual as no football club has cash reserves. They are simply getting the money now rather than in instalments. Back in the Championship days, those loan deals were executed with KP giving LCFC money. They did it interest free. For example, Man U do that now but at a debt to the Glazers. 1 Link to comment Share on other sites More sharing options...
CosbehFox Posted 28 August 2020 Share Posted 28 August 2020 4 minutes ago, peach0000 said: Worth remembering that king power has a pretty diverse set of investments. They don’t just do duty free. And this. You are naive to think King Power's fortune is wrapped up in solely duty free. They are likely to have fingers in things such as pension funds, property funds etc Link to comment Share on other sites More sharing options...
Farrington fox Posted 28 August 2020 Share Posted 28 August 2020 Seems pretty obvious we’ve not got a lot of cash to splash. Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 28 August 2020 Share Posted 28 August 2020 1 minute ago, Farrington fox said: Seems pretty obvious we’ve not got a lot of cash to splash. Looking that way isnt it Link to comment Share on other sites More sharing options...
goose2010 Posted 28 August 2020 Share Posted 28 August 2020 Correct me if I'm wrong but king power haven't put anything into the club for a while? 2 Link to comment Share on other sites More sharing options...
Edingleyfox Posted 28 August 2020 Share Posted 28 August 2020 I don't think 18/1 on Suarez coming is worth a punt.5000 to 1 maybe. Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 28 August 2020 Share Posted 28 August 2020 4 minutes ago, goose2010 said: Correct me if I'm wrong but king power haven't put anything into the club for a while? Correct, but could they be taking funds out? Link to comment Share on other sites More sharing options...
jeffschlupp Posted 28 August 2020 Share Posted 28 August 2020 2 minutes ago, Abrasive fox said: Correct, but could they be taking funds out? Why would a business worth £5bn take money out of a club that hardly makes £200m a year? 1 Link to comment Share on other sites More sharing options...
sphericalfox Posted 28 August 2020 Share Posted 28 August 2020 1 minute ago, Abrasive fox said: Correct, but could they be taking funds out? We're not run by the Glazers. If they were taking money out, then we'd operating where Southampton found themselves, rebuilding every year. Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 28 August 2020 Share Posted 28 August 2020 Just now, jeffschlupp said: Why would a business worth £5bn take money out of a club that hardly makes £200m a year? No idea - it was a question. Clearly we don't have that much money which is hard to understand given its our second highest pl finish. Link to comment Share on other sites More sharing options...
goose2010 Posted 28 August 2020 Share Posted 28 August 2020 5 minutes ago, Abrasive fox said: Correct, but could they be taking funds out? They could yeah. But they could be just not wanting to waste money on players and panic buy I guess... We have got transfer wrong in the past (like a lot of other clubs) and maybe they don't want to waste money why funds are tight world wide. Link to comment Share on other sites More sharing options...
richardsfoxes Posted 28 August 2020 Share Posted 28 August 2020 How can we have no money... Link to comment Share on other sites More sharing options...
Webbo Posted 28 August 2020 Share Posted 28 August 2020 We can all speculate but none of us know. Seems a bit of a pointless discussion. Link to comment Share on other sites More sharing options...
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