Club being sold?

[Tommy G]

1 hour 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.

Thats no way to talk about Bertrand 

[KingsX]

On 02/11/2022 at 06:46, Pliskin said:

Sometimes people need to get a grip of reality….  Tops a business man, not a petulant child

 

He’s now quite the expert on petulant children.  He’s employed a few as wingers, and there's more among his customer base …

[st albans fox]

15 hours ago, TheLittleBigMan said:

This gave me a semi.

Closest you’ll get to the last four of a cup comp this season ….

[MarriedaLeicesterGirl]

I can imagine all options were on the table during the worst of the COVID crisis -- someone posted something a couple of months ago about an extreme drop in the family's net worth over the past three years.

 

However, the Thai tourism industry is recovering quickly, the King Power stock price seems to have mostly recovered, and Thai tourism jumped 43 percent last month (Thailand was slowish lifting restrictions, so its numbers were lower earlier in the year), and the stock market as a whole is booming on an expected boom in tourism next year.

 

This makes it less likely the club would be sold.

[Strokes]

1 hour ago, Daggers said:

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

Cùnt

 

[westernpark]

1 hour ago, Tommy G said:

Thats no way to talk about Bertrand 

That’s no way to talk about racehorses.

[Le Renard]

I don't see the sense of selling the club from our current position of weakness, with the potential threat of relegation, our owners don't seem to sell anything on the cheap.  Perhaps the Race Horse sale makes sense, it was probably a passion of Vichai, and it doesn't seem to have been that succesful.  As for King Power they seem to be on the rebound and it will probably go back to pre pandemic levels in the next year or two, unless something else kicks off!

[The_77]

22 minutes ago, Le Renard said:

I don't see the sense of selling the club from our current position of weakness, with the potential threat of relegation, our owners don't seem to sell anything on the cheap.  Perhaps the Race Horse sale makes sense, it was probably a passion of Vichai, and it doesn't seem to have been that succesful.  As for King Power they seem to be on the rebound and it will probably go back to pre pandemic levels in the next year or two, unless something else kicks off!

The fate of King Power relies much more on the status of their contracts than the strength of the economy over the short term. If their contracts and monopoly are in peril*, then they’ll have to make some major decisions.
 

*I don’t pretend to know what’s happening there and certainly am not implying that there are any issues on that front  

[Dames]

4 hours ago, Tommy G said:

Thats no way to talk about Bertrand 

He wouldn't even be fit for Findus.

[desertfox2]

I doubt it's "for sale" but as with anything if someone came in with a huge offer then he's going to consider it, as with any business. Burnley sold for 170-200m so with the crazy kinds of leveraged takeover funds Americans in particular seem to have access to it's always possible someone could have sounded out Top. I'm sure he gets plenty of people making tentative inquiries, some complete pie in the sky and some that might know how to do a deal. With that kind of valuation of Burnley what would we be valued at with the stadium, expansion planning permission granted plus the additional add ons to the surrounding area, the training ground and the squad? It could be a Figure that would get him thinking. That doesn't mean it will happen. Most things are available for the right price. 

 

The thought of someone debt financing a purchase would be a nightmare though. We are lucky that all the debt we have that could hurt us is from Top who wouldn't. With a different owner that probably wouldn't be the case at all. 

Edited 3 November 2022 by desertfox2
Debt

[sacreblueits442]

21 hours ago, davieG said:

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. 

.. to be fair, the money spent on the training ground could have been spent on developing the squad!!!

  The loans taken out against league positions have to be paid back, and we will be, at present in the process of writing down the loan. Any monies being made through merchandising, gate receipts and tv are partly being used to clear the loan, so in a sense we are denying spending on the team to concentrate on infrastructure. 

  The fact that we built the Training facilities was something we had to do some time,  and at the time it was the optimum time to do so. Covid and now the world situation has now impacted the cost and timescale of the stadium expansion, but we need it all the same, and the owners were right to do so.

[Harboro]

6 hours ago, Daggers said:

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

maybe they could leave the head in brendan’s bed and make him an offer he can’t refuse… a fiver and a packet of crisps to piss off

[Speedwell 🦊]

I think it’s all a load of bollocks.If their is rumours going about,Sky sports would be all over it!!

[Guest Electric Yetis]

2 minutes ago, Speedwell 🦊 said:

I think it’s all a load of bollocks.If their is rumours going about,Sky sports would be all over it!!

I agree with believing it to be bollocks but think you give Sky Sports too much credit. They wouldn't know anything.

[gurru991]

3 hours ago, Rain King said:

I agree with believing it to be bollocks but think you give Sky Sports too much credit. They wouldn't know anything.

They all just regurgitate each others bullshit & must chuckle when people buy in & spew it back out again.

Only Top & his family know what's going on & they have usually been quite open with their plans.

[Sly]

I think this is utter tosh, however if might have some legs, reading the reasoning behind FSG selling Liverpool (apparently).

 

* Chelsea were sold for £4b. We clearly are worth that, however King Power would make a significant profit on us, even considering the outlay on initial outlay to purchase us and further investment on the training ground and other infrastructure of the club. 

 

* The money is really in the Champions League. Previously it was 4 into 6 and we punched above our weight to become an irritating wasp. It’s unsustainable for us to do this without rolling the dice and risk massive outlay. Arsenal have lost half a billion doing this. With the introduction of Newcastle, it’s now 7 into 4. Makes the odds even harder. 
 

* Top likes football, however it’s likely more sensible and sustainable with less risk with the project they have with OHL. 
 

* The £ is weak, making outside investment more attractive. 

[Guest Lako42]

On 02/11/2022 at 17:46, Pliskin said:

You don’t invest in new training grounds and stadium expansion to then **** the whole thing off…..

 

Sometimes people need to get a grip of reality…. If the club was up for sale it would have been plastered all over every reputable media source by now. It’s a silly rumour that seems to surface every time we lose a couple of games. Tops a business man, not a petulant child, he wouldn’t just throw the towel in after all of the work he and his father put into the club. 

It's called improving the asset and may well make us more attractive to a buyer. 

 

 

[SkidsFox]

1 hour ago, Sly said:

I think this is utter tosh, however if might have some legs, reading the reasoning behind FSG selling Liverpool (apparently).

 

* Chelsea were sold for £4b. We clearly are worth that, however King Power would make a significant profit on us, even considering the outlay on initial outlay to purchase us and further investment on the training ground and other infrastructure of the club. 

 

* The money is really in the Champions League. Previously it was 4 into 6 and we punched above our weight to become an irritating wasp. It’s unsustainable for us to do this without rolling the dice and risk massive outlay. Arsenal have lost half a billion doing this. With the introduction of Newcastle, it’s now 7 into 4. Makes the odds even harder. 
 

* Top likes football, however it’s likely more sensible and sustainable with less risk with the project they have with OHL. 
 

* The £ is weak, making outside investment more attractive. 

I don't see anyone with that type of money who would pay £4billion, so we are not clearly worth that. We have to accept that the bigger London clubs fetch a premium - maybe they're seen as more likely to reach the Champions League most seasons. Certain players are more likely to be attracted to a London club too. 

As mentioned before though, it could be that future value of football clubs will fall, unless they are owned by petrol state concerns. If even Liverpool can no longer compete in the transfer market with the PSG and the Man City, little hope for the rest.

[Sly]

6 minutes ago, SkidsFox said:

I don't see anyone with that type of money who would pay £4billion, so we are not clearly worth that. We have to accept that the bigger London clubs fetch a premium - maybe they're seen as more likely to reach the Champions League most seasons. Certain players are more likely to be attracted to a London club too. 

As mentioned before though, it could be that future value of football clubs will fall, unless they are owned by petrol state concerns. If even Liverpool can no longer compete in the transfer market with the PSG and the Man City, little hope for the rest.

Could we fetch £300m - £400m though? Still a major return on investment 

[TiffToff88]

On 03/11/2022 at 12:05, Tommy G said:

Thats no way to talk about Bertrand 

 

On 03/11/2022 at 13:48, westernpark said:

That’s no way to talk about racehorses.

 

Think this was him during his last race

 

Edited 8 November 2022 by TiffToff88

[MarriedaLeicesterGirl]

On 04/11/2022 at 16:36, gurru991 said:

They all just regurgitate each others bullshit & must chuckle when people buy in & spew it back out again.

Only Top & his family know what's going on & they have usually been quite open with their plans.

As I said earlier, I can imagine everything was being considered at the nadir of the pandemic-- King Power was hit hard.

 

Right now, tourism to Thailand is growing exponentially from last year and King Power's stock is up to pre-pandemic levels, so that eases some pressure.

 

I think the club still provides a lot of intangible assets to King Power: Increasing brand awareness, positive image for owners (who need it, due to politics back home), positive about Thailand (ditto).

 

I think the Thai authorities appreciate King Power's ownership, too, and given they are a government-granted near monopoly, that is also a consideration.

 

It would be nice to be back in Europe, though, because it helps on all these levels.

 

Shameless self-promotion: I am hosting a pub quiz at the 1852 Brewery Co. in Wigston on Sunday Nov. 13 at 8pm. C'mon down.

[fuchsntf]

I just want to klink a few pennies around in the tin...

Vichai ( KP) was interested in a UK investment...his son Top was the instigator in wanting to invest in an English Football club and thought a good project would be a good idea.

LCFC was neither last or first choice,but Top did fancy us.

Vichai wanted to please his son.

A descision was made, Vichai agreeing to present his son as a present in investing in an  English club..

Top will be a major investor,but Vichai will be holding the leading reins,with Top dabling and interfacing with the football side...After the foxes was chosen both Vichai & Top after Vichai understood it just wasn't a whim,they also looked towards ways to invest in the city of Leicester again Vichai holding the reins for his son.

So he could learn and progress around his father & partners.

Top was awarded the respect he will also have certain power of descisions.

 

Now with Corona,the death of his father,plus other business-world major

Changes & fluctuations...Leicester is still very close to Top & (KP) business & family heart...

However what maybe,  there is no fan or any part of the fan base...that will have any idea neither how the desire  of business & Family departure from Leicester is nor the

Whole hearted will to keep hold of the

Leicester-Top-family-KP association.

 

Any recent rejigging,re-investing in many top commodities or resources

of the football club & even the city,will not stifle or interrupt any moves in desiring to either sell or still keep themselves as full owners of the club.

 

So scenario-guessing games brings nothing. Has some fans have already mentioned, until high main stream media are really interestedi

it  remains a poor journalists waffle & pennyslot clickbait....That some middle media outlet will also carry on the fun just to sell their wares.

 

 

 

 

 

 

 

[fuchsntf]

On 03/11/2022 at 13:05, Tommy G said:

Thats no way to talk about Bertrand 

He said racehorses...

Not Carthorses...

[PAPA LAZAROU]

1 hour ago, TiffToff88 said:

 

 

Think this was him during his last race

 

just needs a photo shop of Maguires face on it.