Club being sold?

[Mike Oxlong]

[The_77]

1 hour ago, Line-X said:

What on earth are you talking about? We have recently moved to a new £100m training ground investment, and the owners have committed to a stadium and facilities development. The Chairman has detailed the reasons and rationale behind the lack of activity in the transfer market. 

 

That settles it then. 

 

This forum - ffs. 

People are probably taking things too far, I agree. I do think it’s fair to point out, however, that the club haven’t said anything about the stadium expansion and redevelopment plans since the council’s approval. 

[alanf0x]

1 hour ago, Line-X said:

What on earth are you talking about? We have recently moved to a new £100m training ground investment, and the owners have committed to a stadium and facilities development. The Chairman has detailed the reasons and rationale behind the lack of activity in the transfer market. 

 

That settles it then. 

 

This forum - ffs. 

The training ground and stadium is fantastic don’t get me wrong, but we are falling behind on the pitch due to lack of investment. On the grand scheme of things, the 100 million on the training ground is what our rivals would spend on 3 decent additions. We seem a way off that at the moment

[Always Next Year]

I can’t believe some of the topics on here and the amount of people that really believe it might happen soon, it may one day but not in the foreseeable future. 
I have been told by a very reliable source that it will snow on Christmas Day and the snow will be white.  

 

[SpacedX]

16 minutes ago, alanf0x said:

The training ground and stadium is fantastic don’t get me wrong, but we are falling behind on the pitch due to lack of investment. On the grand scheme of things, the 100 million on the training ground is what our rivals would spend on 3 decent additions. We seem a way off that at the moment

The lull in recruitment is for the reasons that have been stated by the owners. 

[baldeagle]

Makes me laugh one sketchy link and loads claim they’ve heard something  but funny how not one reputable media source has . 

[davieG]

26 minutes ago, The_77 said:

People are probably taking things too far, I agree. I do think it’s fair to point out, however, that the club haven’t said anything about the stadium expansion and redevelopment plans since the council’s approval. 

It was mentioned as part of the report on the memorial service last week.

[davieG]

20 minutes ago, alanf0x said:

The training ground and stadium is fantastic don’t get me wrong, but we are falling behind on the pitch due to lack of investment. On the grand scheme of things, the 100 million on the training ground is what our rivals would spend on 3 decent additions. We seem a way off that at the moment

Even if we had a spare 3 m we couldn’t spend it on players you can pretty much only spend on football what you earn from it because of FFP. 

[Parafox]

10 hours ago, davieG said:

Flannels Stadium named in recognition of our manager who's always flannelling

 

Context

verb

INFORMAL•BRITISH

gerund or present participle: flanneling

1. use bland fluent talk to avoid addressing a difficult subject or situation directly.

Perfect 👌 

[gurru991]

There are always people who will buy into the shadiest of rumours and then fill in the blanks to fit their agenda.   It wouldn’t matter what Top said once the story has got started.

[TheLittleBigMan]

11 hours ago, Aus Fox said:

Already had a word and they’re kitted up and ready to go again.

 

 

This gave me a semi.

[ARM1968]

12 minutes ago, TheLittleBigMan said:

This gave me a semi.

Divorce?

[The_77]

1 hour ago, davieG said:

It was mentioned as part of the report on the memorial service last week.

Thanks! I missed that. 

[iancognito]

I'm really not sure how much clearer Top can be than stating just a few weeks ago that he fully intends to continue his father's legacy. With Seagrave already built and the expansion planned for the last 4 years and loans all in place, I don't see what else KP as an entity can do to reinforce their commitments here.

Take all that away and you're still left with the basics of a son not wanting to walk away from the place where his father lost his life. Just a nonsense rumour started because the club has a cashflow issue.

[tom27111]

Jim Ratcliffe still intends to buy a Premier League club doesn't he? 

[Tommy G]

Because we haven't spuffed £100m on players this summer we are suddenly up for sale, I don't buy it. FFP is clearly having a part to play here, rather than we have ran out of money. I understand finance but football finance is different and I don't think there is anyone on this forum who does to an extent understand, where it's put into practice and the ins and out of FFP.

 

A set of accounts only tell you so much - the fact the club has been signed off as a going concern is a positive from an existance point of view - the RI or PWC wouldn't put themselves on the line if this wasn't the case. Signing our group accounts this year I had to go through all sorts of going concern work, providing rafts of info to the auditors, 5 years forecasts - the lot. Because Gary from the pub has heard we're being sold probably means the opposite

[gw_leics772]

23 hours ago, whoareyaaa said:

Definitely possible maybe Top has had enough especially after the passing of his father and King Power recovering from the pandemic. 

 

Could be why we didn't get rid of Rodgers and no signings.. let's hope not though.

I've just had an argument myself about this. Don't particularly believe it but quoted this post as it clearly states the reasons why Top "might" nit fancy it anymore.

 

The whole legal streaming thing looks like a MAJOR  moneyspinner which on the one hand would make it mad to sell, but on the other hand, could drive up the price for potential that a buyer might pay a high premium for.

 

And for rambling random explanation, houses with basements/lofts ripe for converting are more desirable than houses with converted cellars/lofts.

 

This theory is not Leicester specific and I will be interested to see how many English clubs in the top 2 tiers (and a handful of Welsh ones too) change hands in the short/medium term.

 

Edited 3 November 2022 by gw_leics772

[An Sionnach]

You have to disregard the rumours and look at the big picture. We have been sold before and we will be again. Is now the right time for King power? I couldn't say , none of us can . The right time will come though , it always does.

[ClaphamFox]

12 hours ago, tom27111 said:

Jim Ratcliffe still intends to buy a Premier League club doesn't he? 

Did his ancestors hail from Ratcliffe-on-the-Wreake? It's time to come home, Jim 

[Strokes]

Have heard they are trying to sell all their racehorse. Don’t know if that indicates anything other than a lack of cash.

[VLC86]

26 minutes ago, Strokes said:

Have heard they are trying to sell all their racehorse. Don’t know if that indicates anything other than a lack of cash.

He nearly went Fulham in the summer didn’t he? Or was that their Donkey?

[Daggers]

30 minutes ago, Strokes said:

Have heard they are trying to sell all their racehorse. 

I doubt anyone wants to buy part of a racehorse, so that makes sense.

[taupe]

10 minutes ago, Daggers said:

I doubt anyone wants to buy part of a racehorse, so that makes sense.

Oh, I dunno. Part of a racehorse could be good for my garden. But I'm talking Vestergaard again aren't I?

[Calum Day]

Interestingly enough, on a price of football podcast on 20th October. Kieran Maguire mentioned that there are two premier league clubs 'Open to offers' one of which is Chinese owned (Assuming Wolves) and the other one was Asian owned.... 

 

6:15 into the podcast for anybody who is interested.   

[davieG]

24 minutes ago, Daggers said:

I doubt anyone wants to buy part of a racehorse, so that makes sense.

 

The French might part exchange for a complete Enzo le fee