Do you think Top is looking to sell the Club

[richard123]

1 hour ago, Royston. said:

It almost feels like the club is being prepped for a sale.

 

But I'm too tired to explain my thinking and I'd probably make (an even bigger) fool of myself.

 

I see your points. A cynic could say the training ground and approved stadium/ surround area is asset building which increases value. 

 

Also, with King Power suffering due to covid.

 

Also, with new investors buying clubs in the prem league, it's become harder and harder to compete financially.

 

Was running through my mind this morning.

 

But I doubt we're up for sale. But to an investor we would be quite appealing on a commercial view. Football side not so right now.

 

[lcfc sheff]

Glad I’m not the only one who’s had this thought pop into their head

[Terraloon]

14 hours ago, Clever Fox said:

I read some rubbish on this Forum over the years but this rumour tops them all. No we're not for Sale.

Do you think KP would have spent 100 million on Seagrave. Building an Hotel and expanding the Ground just to walk away from it when a business blip happens. 

This is a Company who has one of the best CEOs SW in Industry never mind just in Football.

It's also a Company who laid off no Employees during Covid despite losing 60 million in the process, That they deserve great Credit for alone.

 

The KPs real bread and butter is their Duty Free franchises which has been badly hit by Covid. Maybe Top has taken his eye of the Football side a little recently . Maybe he's preocuppied by his new 200 mullion pd Island. 

 

We've had a blip which is a shock to many but it's just a reminder that Life never runs smooth all of the time.

 

For Sale, No, I very much doubt it.

Sorry this is just naive.

 

Seagrave has been built in effect on borrowed money . The stadium expansion and hotels isn’t past the planning stage. Football is littered with examples of clubs getting planning permission for something and it never happening. Irrespective planning consent always make a property / asset more attractive 

As for not laying anyone off during COVID well a couple of clubs in the PL had planned to lay off staff but the owners were slaughtered in the press. 

We have no idea just how much financial pressure KP is under we have no idea nor do we know how exposed they were going into the pandemic or come to that what their losses were and of course what they are going forward.

Very few clubs are run as a play thing and Leicester aren’t in that number as for it being up for sale well it’s possible but many of these type of prized assets aren’t up for sale till someone offer that’s too good to refuse.

[cruzFOX]

Never say never but Top will bring in investment by sharing some of the ownership first if we really needed the cash. Comes with a price when you have others who have controlling shares. That’s more down the road though. Unless the KP group was in serious financial peril I don’t see the family selling. We have become a family heirloom.

[Clever Fox]

7 hours ago, Lee Monty said:

They could be building a portfolio of assets and with building values going up they could look to increase their outlay much like bill kenwright did with Chelsea 

Seagrave is a specialist facility, It's only real value would be to another Football Club and given that it's cost 100million they'd never recover that money for it. So unlikely they would have spent it unless it was for to develop players.

Vichai RIP  said they wanted to make the Club self sufficient which is what they've been doing. Covid put a 60 million black hole in the finances, That's what created the short term problem. What we know of the man I think he sould have pur his own hand in his pocket and sort it out.

Things are different now. Top has other family members and outsiders on the Board to deal with where Vichai could excercise his authority.

Maybe if Top tires if us then things might change but presently I don't see us for sale.

[cruzFOX]

Could Susan Whelan not make some sort of statement to the fans to put everyone at ease. We are so in the dark and nothing makes sense. Lot of guessing, gossiping and none of it positive. It’s really hanging a big dark cloud over the club. Surely that doesn’t help the players or the fans mood.

it’s only going to get worse the way it’s been. I think we can handle it if it’s bad news but please tell us honestly so we can deal with it and look forward to better times. It’s so depressing!

[PAPA LAZAROU]

4 hours ago, cruzFOX said:

Never say never but Top will bring in investment by sharing some of the ownership first if we really needed the cash. Comes with a price when you have others who have controlling shares. That’s more down the road though. Unless the KP group was in serious financial peril I don’t see the family selling. We have become a family heirloom.

I doubt that. Top and co are first and foremost businessmen. Family heirlooms that lose money are not in their mindset.The club under them has always been a mixture of labour and love. But when the bills come through the door love flies out of the window.If they sold now because the club is no longer financially sustainable. They would always be remembered for all the great things they did  for us and no one would begrudge them.And I have no doubt if the club did come up for sale it would not be on the market for very long.

[RoboFox]

21 minutes ago, cruzFOX said:

Could Susan Whelan not make some sort of statement to the fans to put everyone at ease. We are so in the dark and nothing makes sense. Lot of guessing, gossiping and none of it positive. It’s really hanging a big dark cloud over the club. Surely that doesn’t help the players or the fans mood.

it’s only going to get worse the way it’s been. I think we can handle it if it’s bad news but please tell us honestly so we can deal with it and look forward to better times. It’s so depressing!

They so rarely put out statements though. The manager is the mouthpiece for the club.

[st albans fox]

44 minutes ago, Clever Fox said:

Seagrave is a specialist facility, It's only real value would be to another Football Club and given that it's cost 100million they'd never recover that money for it. So unlikely they would have spent it unless it was for to develop players.

Vichai RIP  said they wanted to make the Club self sufficient which is what they've been doing. Covid put a 60 million black hole in the finances, That's what created the short term problem. What we know of the man I think he sould have pur his own hand in his pocket and sort it out.

Things are different now. Top has other family members and outsiders on the Board to deal with where Vichai could excercise his authority.

Maybe if Top tires if us then things might change but presently I don't see us for sale.

We could probably sell it to forest for £150m …….

Edited 24 August 2022 by st albans fox

[Clever Fox]

4 hours ago, Terraloon said:

Sorry this is just naive.

 

Seagrave has been built in effect on borrowed money . The stadium expansion and hotels isn’t past the planning stage. Football is littered with examples of clubs getting planning permission for something and it never happening. Irrespective planning consent always make a property / asset more attractive 

As for not laying anyone off during COVID well a couple of clubs in the PL had planned to lay off staff but the owners were slaughtered in the press. 

We have no idea just how much financial pressure KP is under we have no idea nor do we know how exposed they were going into the pandemic or come to that what their losses were and of course what they are going forward.

Very few clubs are run as a play thing and Leicester aren’t in that number as for it being up for sale well it’s possible but many of these type of prized assets aren’t up for sale till someone offer that’s too good to refuse.

No, you're entitled to your opinion. wrong maybe? Naive never. I guarantee I'm unique on this forum. Lets just say I've been there and done that.

 

Borrowed money or not for Seagrave makes no difference, the club are still committed to make the payments or repay the loan.

The ouline permissions have already been agreed it's just the details that the Council are agreeing with the Club. Though you are correct

Permissions do increase the value of the site.

What we do know is KP are worth 5 Billion so they have the resourses to handle things as they see fit. Susan is a highly respected CEO who has overseen the building of KP alongside Vichai from the very early days. So I've no doubt we're in very good hands financially.

I have the highest respect for what the Owners have done for our Club. Since arriving they've never treated it any other way than professionally by continuing to improve things. Why should anyone think differently of them now.

Seagrave will help attract young players and even if it produces a few Senior players in a short space of time it will have paid for itself.

The Hotel and gorund improvements will likely deliver 20 to 40 million a year in profits. Which if used for recruitment will substantially lift our Budget for new players going forward. 

If we were for sale wouldn't they just grab the money for Fofana and our other player Assets. They haven't and continuied to protect the Club by continueingto demand what they feel is right value for those Assets.

You can never say never in life,  but for now I doubt very much we are for Sale.

 

[Clever Fox]

9 minutes ago, st albans fox said:

We could probably sell it to forest for £150m …….

Yes, You can also find other uses for it Foresty is one Housing another. My point is from as a saleable Asset it's really only usful for the purpose it was built. To clear the site would cost tens of millions alone.

Anyway it's all hypothetical as I don't doubt we are for sale.

[Clever Fox]

2 hours ago, st albans fox said:

We could probably sell it to forest for £150m …….

Yes in 60 years time. Forestry is a good investment especially now with Climate warning. Big grants from the Government and a high Value producr at the end depending whats planted.

[HoustonFox]

2 hours ago, Clever Fox said:

Seagrave is a specialist facility, It's only real value would be to another Football Club and given that it's cost 100million they'd never recover that money for it. So unlikely they would have spent it unless it was for to develop players.

Vichai RIP  said they wanted to make the Club self sufficient which is what they've been doing. Covid put a 60 million black hole in the finances, That's what created the short term problem. What we know of the man I think he sould have pur his own hand in his pocket and sort it out.

Things are different now. Top has other family members and outsiders on the Board to deal with where Vichai could excercise his authority.

Maybe if Top tires if us then things might change but presently I don't see us for sale.

It’s an asset because it is a physical structure that they can’t write off the depreciation over a number of years and help balance the books.
 

Also the expectation is that it’s going to help produce better results on the pitch through more advanced facilities that helps attract and retain talent for both the first team and youth ranks. 
 

it’s not a speculative investment that can be sold for more 

[Chrysalis]

5 hours ago, cruzFOX said:

Could Susan Whelan not make some sort of statement to the fans to put everyone at ease. We are so in the dark and nothing makes sense. Lot of guessing, gossiping and none of it positive. It’s really hanging a big dark cloud over the club. Surely that doesn’t help the players or the fans mood.

it’s only going to get worse the way it’s been. I think we can handle it if it’s bad news but please tell us honestly so we can deal with it and look forward to better times. It’s so depressing!

She isnt a communicator.

[stourbridgefox]

On 22/08/2022 at 22:58, wardyfox86 said:

Why would they asset strip us if they're looking to sell though?

 

Financially, we have never been able to compete really. We have made some fantastic sales over the years, something we haven't done for a while. Instead, we've been rewarding these saleable assets with larger and larger contacts, going against a model that has served us well.

 

Our recruiting has taken a nosedive, and our squad players are stale and too handsomely paid.

 

Tielemans should have gone last year, Fofana this year, that's the model, like it or not.

 

 

The truth hurts sometimes...

[iancognito]

No.

 

We're essential to the KP global branding, he's pumping millions into the expansion & village and said when the statue was unveiled he intends to keep his bond with the city and protect his Dad's legacy.

 

Close the thread

[Clever Fox]

50 minutes ago, iancognito said:

No.

 

We're essential to the KP global branding, he's pumping millions into the expansion & village and said when the statue was unveiled he intends to keep his bond with the city and protect his Dad's legacy.

 

Close the thread

Exactly, Both Top and his Dad have never been anything but honourable to the Club, The City and the Fans.

 

I trust them more than any other Owner in the League.

[marcymarc666]

http://digitaleditions.telegraph.co.uk/data/1076/reader/reader.html?social#!preferred/0/package/1076/pub/1076/page/132/article/NaN

[Foxes with Sprit]

50 minutes ago, marcymarc666 said:

http://digitaleditions.telegraph.co.uk/data/1076/reader/reader.html?social#!preferred/0/package/1076/pub/1076/page/132/article/NaN

If money is tight it makes complete sense not to throw £24 million away on the sacking of the charleton Brendan Bodgers.  Also makes sense on why would you pour in any money with our chief scout that was stuck at Southampton Fc and why pour in money with a manager that is the root cause of a weak mind set.  A weak drive and passion just not worth backing.  This is my take on this all, Brendan is a decent manager with a simple effective plan, but when different variables going wrong that underpin his so called master plan it all comes undone.  Then when you have to look at the manager to pick up and rally the players he is found wanting because he doesnt have that inner fighting sprit that a lot of top managers have .  For those reasons we are screwed, we are tied in to this idiot because of that daft contract we got charmed into by Brendan the pony sales man.  We might have to part with little wes and use that cash to sever the tie with this charlatan.  I had never liked this guy, FA cup papered over the truth that was coming , I had a feeling it would end like this with Brendan, utter fraud , he reminds me of Liz Truss (current conservative leadership candidate) , says all the big things, gets people clapping, is a media darling, but when pressed in challenging times, blames everyone else.  Scary times for my club and country sadly 

[Ginger_Filbert]

Obviously not the best source 😂

 

 

[Rusko187]

Just now, Ginger_Filbert said:

Obviously not the best source 😂

 

 

Where? FB Marketplace? Gumtree?

 

If it’s even remotely true, may only be for a percentage… try and get someone else on board and build revenue.

[Chrysalis]

Not surprised there is a tweet, 99% of tweet accounts seem to be chancers, likely sourced from this thread.

[st albans fox]

the family no doubt love the club 

 

if they are not certain that they can support it to stay in the top division then they will do what’s best for the club 

 

they may be looking around at the competition and seeing that it won’t be long before 17 clubs have owners with exceptionally deep pockets - that’s going to be v risky for the club to maintain its PL status 

 

If they need a cash injection to ensure king power is strong as the covid travel recovery builds then they don’t have too many assets that would provide that …..

 

the truth is that none of us know what’s going on and I doubt that if a sale was decided upon, that it would be done via institutions whereby it would no doubt leak.  However, if the family did decide to sell then once they’d exhausted close contacts, they would have few options but to go to the market (quietly). 

[Bazly]

It has been widely reported that the King Power duty free business is in trouble with massive drop in sales and profits, so can they afford a luxury like loss making LC? It appears probably not from the last three transfer windows, covid lockdown has had a major impact on funding. I think we are witnessing the KP ownership days drawing to a close. The best days are behind us but not to worry we will be taken over by a Middle Easter State. Yemen maybe one possibility.

[norwichfox]

5 minutes ago, Bazly said:

It has been widely reported that the King Power duty free business is in trouble with massive drop in sales and profits, so can they afford a luxury like loss making LC? It appears probably not from the last three transfer windows, covid lockdown has had a major impact on funding. I think we are witnessing the KP ownership days drawing to a close. The best days are behind us but not to worry we will be taken over by a Middle Easter State. Yemen maybe one possibility.

Stadium upgrade made of chocolate?