Finances

[Stevosevic]

So King Powers wealth is now a quarter of what it was pre pandemic if I read that correctly?

 

I guess it will climb back now that travel is back to normal but still….

[coolhandfox]

14 minutes ago, Stevosevic said:

So King Powers wealth is now a quarter of what it was pre pandemic if I read that correctly?

 

I guess it will climb back now that travel is back to normal but still….

Where did you read that?

[moore_94]

6 minutes ago, coolhandfox said:

Where did you read that?

In that Percy article

 

Just before Vichai’s death his wealth was $5.2b by Forbes
 

Down to $3.7bn in 2020

 

Down to $1.7bn earlier this summer.

 

“A yearly 50 per cent dip in sales was being forecast in July 2020 and, according to the analysts Statista, revenues fell between 2019 and 2020 from €2.67bn to €907 million.”

 

Hopefully they will start to see Thailand tourism pick up, from a quick look online it does look like the tourism figures are starting to jump back up

Edited 26 August 2022 by moore_94

[MarriedaLeicesterGirl]

28 minutes ago, moore_94 said:

In that Percy article

 

Just before Vichai’s death his wealth was $5.2b by Forbes
 

Down to $3.7bn in 2020

 

Down to $1.7bn earlier this summer.

 

“A yearly 50 per cent dip in sales was being forecast in July 2020 and, according to the analysts Statista, revenues fell between 2019 and 2020 from €2.67bn to €907 million.”

 

Hopefully they will start to see Thailand tourism pick up, from a quick look online it does look like the tourism figures are starting to jump back up

Yikes! That's a huge drop...of course, much of that is just on paper, and the value of a duty free empire is bound to collapse during a pandemic. Of course, with the present financial crisis, I can't see Thailand's tourism industry getting to pre-pandemic levels until 2024 at the earliest, but any recovery should put them up a billion or two in value.

 

(As an aside, I wish articles like this wouldn't just switch between currencies when reporting finances.)

[coolhandfox]

58 minutes ago, moore_94 said:

In that Percy article

 

Just before Vichai’s death his wealth was $5.2b by Forbes
 

Down to $3.7bn in 2020

 

Down to $1.7bn earlier this summer.

 

“A yearly 50 per cent dip in sales was being forecast in July 2020 and, according to the analysts Statista, revenues fell between 2019 and 2020 from €2.67bn to €907 million.”

 

Hopefully they will start to see Thailand tourism pick up, from a quick look online it does look like the tourism figures are starting to jump back up

Are we talking revenue or worth?

[moore_94]

7 minutes ago, coolhandfox said:

Are we talking revenue or worth?

First bit is worth, then the part in quote marks is revenue

 

Effectively both took a massive drop during Covid

[coolhandfox]

Just now, moore_94 said:

First bit is worth, then the part in quote marks is revenue

 

Effectively both took a massive drop during Covid

Is that family worth or just tops?

 

Because I assume Vichia wealth my have been split via family members 

[moore_94]

3 minutes ago, coolhandfox said:

Is that family worth or just tops?

 

Because I assume Vichia wealth my have been split via family members 

The article refers to it as estimates for his son Aiyawatt Srivaddhanaprabha (Leicester’s chairman) and the wider family

[st albans fox]

I’ve away wondered how much of the family wealth was actual physical  assets rather than the presumed  ‘value of the business’ 

[coolhandfox]

31 minutes ago, st albans fox said:

I’ve away wondered how much of the family wealth was actual physical  assets rather than the presumed  ‘value of the business’ 

Also would be shares in other companies etc.

 

Aslo LCFC would be a % of the wealth.

[st albans fox]

27 minutes ago, coolhandfox said:

Also would be shares in other companies etc.

 

Aslo LCFC would be a % of the wealth.

if they're worth $1.7bn as per forbes then lcfc is a significant part of the value of king power!

[Reginaldo]

This explains why they used to buy thoroughbreads but last year bought donkeys

[Heathrow fox]

24 minutes ago, st albans fox said:

if they're worth $1.7bn as per forbes then lcfc is a significant part of the value of king power!

And the first thing to go if things get tight

[st albans fox]

10 minutes ago, Reginaldo said:

This explains why they used to buy thoroughbreads but last year bought donkeys

 

9 minutes ago, Heathrow fox said:

And the first thing to go if things get tight

I think you’ll see the horses sold off first 

 

that won’t bring in a fortune but the training bill is likely approaching £2 m per year and they could get a couple million in for all the horses.  
 

although top is into his polo so perhaps is v fond of the horses (moreso than most of the players ) 

Edited 26 August 2022 by st albans fox

[Chrysalis]

Article here guys no paywall.

 

https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Ffootball%2F2022%2F08%2F26%2Freally-going-leicester-city%2F%3Futm_content%3Dfootball%26utm_medium%3DSocial%26utm_campaign%3DEchobox%26utm_source%3DTwitter%23Echobox%3D1661498385

[Chrysalis]

5 hours ago, moore_94 said:

In that Percy article

 

Just before Vichai’s death his wealth was $5.2b by Forbes
 

Down to $3.7bn in 2020

 

Down to $1.7bn earlier this summer.

 

“A yearly 50 per cent dip in sales was being forecast in July 2020 and, according to the analysts Statista, revenues fell between 2019 and 2020 from €2.67bn to €907 million.”

 

Hopefully they will start to see Thailand tourism pick up, from a quick look online it does look like the tourism figures are starting to jump back up

Yes it took an awful long time for our press to actually investigate, I posted a link in the stadium and another thread about a month ago about Thailand's issues, but no one was interested.  I guess unless it comes from someone like Percy people think its hearsay.

[coolhandfox]

Thing to note is there finances will recover, every company has been hit.

 

Also them maybe being extra careful not to over extend themselves incase we have a massive 2nd wave of COVID at some point.

[An Away Move]

The most telling line in The Telegraph article might be this one,

 

‘analysis by Vysyble shows that Leicester’s wage to revenue ratio has been the highest in the Premier League during the four seasons from 2017-18 to 2020-21’. 

[st albans fox]

1 minute ago, An Away Move said:

The most telling line in The Telegraph article might be this one,

 

‘analysis by Vysyble shows that Leicester’s wage to revenue ratio has been the highest in the Premier League during the four seasons from 2017-18 to 2020-21’. 

no surprise which is why we’re the ones suffering now 

 

I imagine other clubs may now be arranging salaries in a different way with higher renewal or transfer bonus’ in lieu of basic salary - different ways around a square but will help with wages in the near term ….

[Motty]

2 hours ago, An Away Move said:

The most telling line in The Telegraph article might be this one,

 

‘analysis by Vysyble shows that Leicester’s wage to revenue ratio has been the highest in the Premier League during the four seasons from 2017-18 to 2020-21’. 

2 Champions league campaigns would have diluted this

[AmarteyAndChill]

37 minutes ago, Motty said:

2 Champions league campaigns would have diluted this

Would have just pushed the issue for 2024 no? 

[Motty]

3 minutes ago, AmarteyAndChill said:

Would have just pushed the issue for 2024 no? 

hard to say as unknown as to how long we could have stayed in but yes its always a chance it would come back to bite us

big contracts 4 or 5 years but think we modelled on getting champions league but think Brendan brendaned it

[lebleu]

Surely the way things are going its not just going to be Leicester that feel the pinch? What if sponsorship's start withdrawing from the Premier League and all these clubs have huge player salaries to pay

[jonathan_ross]

20 hours ago, MarriedaLeicesterGirl said:

Yikes! That's a huge drop...of course, much of that is just on paper, and the value of a duty free empire is bound to collapse during a pandemic. Of course, with the present financial crisis, I can't see Thailand's tourism industry getting to pre-pandemic levels until 2024 at the earliest, but any recovery should put them up a billion or two in value.

 

(As an aside, I wish articles like this wouldn't just switch between currencies when reporting finances.)

Even without the pandemic there revenue was always going to decrease, this article back in 2019 explained it.

https://www.nationthailand.com/perspective/30364551

[StanSP]

16 hours ago, coolhandfox said:

Thing to note is there finances will recover, every company has been hit.

 

Also them maybe being extra careful not to over extend themselves incase we have a massive 2nd wave of COVID at some point.

I think it also helps in the next few windows that we could spend a little more as the finances recover.