LEICESTER POSTS £67M PRE-TAX LOSS

[Fox in the North]

3 hours ago, Gav_LCFC14 said:

Good god, what's gone on at Brighton? And you got to respect Dyche, for always giving Burnley a fighting chance with such little resource. 

Tony Bloom is the bank of mum and dad for Brighton. They ask for money and he just signs it off.

[happy85]

3 hours ago, urban.spaceman said:

It does, plus the cost of surveying how to swap the Kop and the family stand. 

Depends if it debt owned to king power 

if it is then nothing to worry about

 

[Ric Flair]

We do keep taking out large value loans from that Australian bank, which is at odds with the fact that King Power supposedly loaned us for the training ground.

[NewEnglandFox]

6 hours ago, Ric Flair said:

We do keep taking out large value loans from that Australian bank, which is at odds with the fact that King Power supposedly loaned us for the training ground.

 

King Power (Thai Baht in Thailand) > Kasikornbank > Macquaire > LCFC (Sterling in England)

 

I can't believe no one has ever tried to connect to dots before. But this has to be it. KP's and KBank's relationship runs deep. KBank and Macquaire have been doing something together since at least 2012.

 

From the first time Macqauire was mentioned I figured it had everything to do with moving money from Thailand to England and nothing to do with the country of Australia. But I can remember Stringer going "they're doing business with an Australian bank? Why would they do that?"

Edited 5 May 2021 by NewEnglandFox

[PhillippaT]

43 minutes ago, NewEnglandFox said:

 

King Power (Thai Baht in Thailand) > Kasikornbank > Macquaire > LCFC (Sterling in England)

 

I can't believe no one has ever tried to connect to dots before. But this has to be it. KP's and KBank's relationship runs deep. KBank and Macquaire have been doing something together since at least 2012.

 

From the first time Macqauire was mentioned I figured it had everything to do with moving money from Thailand to England and nothing to do with the country of Australia. But I can remember Stringer going "they're doing business with an Australian bank? Why would they do that?"

This. Kasikornbank is a sizeable financial firm in Thailand, but if you want to move money around the world, you'd want a larger international company to do so properly - Macquarie was their choice, and if Kasikornbank and Macquarie have already got experience of working together, then it makes sense.  Once a company reaches a certain size, internationally, where they're based no longer means very much, unless the laws of such a country bind them elsewhere.

[DJ Barry Hammond]

8 hours ago, Ric Flair said:

We do keep taking out large value loans from that Australian bank, which is at odds with the fact that King Power supposedly loaned us for the training ground.

 

2 hours ago, NewEnglandFox said:

 

King Power (Thai Baht in Thailand) > Kasikornbank > Macquaire > LCFC (Sterling in England)

 

I can't believe no one has ever tried to connect to dots before. But this has to be it. KP's and KBank's relationship runs deep. KBank and Macquaire have been doing something together since at least 2012.

 

From the first time Macqauire was mentioned I figured it had everything to do with moving money from Thailand to England and nothing to do with the country of Australia. But I can remember Stringer going "they're doing business with an Australian bank? Why would they do that?"

That Australian bank specialises in providing finance to football clubs based on future income. 
 

TV rights, transfer fees, etc, etc - all of that future income has been brought up-front and exchanged for a loan hence the several charges held against LCFC.

[st albans fox]

9 minutes ago, DJ Barry Hammond said:

 

That Australian bank specialises in providing finance to football clubs based on future income. 
 

TV rights, transfer fees, etc, etc - all of that future income has been brought up-front and exchanged for a loan hence the several charges held against LCFC.

I’m not sure what the confusion is ?  Of course King Power are able to satisfy those loans at any time but with rates so low why bother ??  You could get more back investing the money than the interest you have to pay !!

[Babylon]

9 hours ago, Ric Flair said:

We do keep taking out large value loans from that Australian bank, which is at odds with the fact that King Power supposedly loaned us for the training ground.

Some of those were there until long term funding was put in place by Kingpower, which has happened. That's why our "owner investment" has jumped in the last year. 

[turlo]

16 hours ago, Spudulike said:

We seem to be quite high in the gross debt league... 

 

 

Approx 2/3rds of that is owed to King Power and the rest is from bank loans secured by future TV and transfer monies owed to us. Our debt more than double from the previous year mainly due to the new training ground and we increased our working capital loan from King Power, probably to help with the loss of revenue as a result of COVID.