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Guest Mickyblueeyes

King Power Out

By Guest Mickyblueeyes, in Leicester City Forum

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MPH

MPH

Posted
Posted (edited)
47 minutes ago, Gamble92 said:

We're also going to make a hell of a lot more in sales than he thought we would. So not all as doom and gloom as he was saying.


 

it might also mean he will want some of that transfer money back, if it was his own personal money..

Edited by MPH
Bourbon Fox

Bourbon Fox

Posted
Posted
3 hours ago, Gamble92 said:

Nelson and Fatawu. He only said we'd make money for Fatawu and didn't think Top would stump anything up. Was all guess work of course like all this is off the supposed experts. 

 

Don't get me wrong I'm not saying everything is all rosey. Far from it. Just think the situation is redeemable. They don't have many more seconds chances though. 

From what I understand there was money ringfenced in our last budget to cover the impact of relegation, something like £100-200m 

 

A second season in league 1 if it happened would likely put us right in the poo

Dan

Dan

Posted
Posted
7 hours ago, Ric Flair said:

Not sure if it's been reported anywhere else but Charlie Methven has confirmed that Top has placed the requisitie cash in to the club to meet the SCMP protocols. 

He's an Oxford fan with scars from what's happened to them in the past but he sounded very concerned about them last week. They've only got two years left in their stadium as it's been sold to housing developers, keep getting kicked back on their new stadium and their owner failed to do what's been said here. They could be in the shit.

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davieG

davieG

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Leicester City owners explore sale a decade after Premier League title Thailand’s King Power sounds out buyers for football club that has dropped two divisions since its underdog glory Leicester lost £71.1mn during the 2024-25 season, according to accounts released this year, despite being in the Premier League © Nigel French/PA Leicester City owners explore sale a decade after Premier League title on x (opens in a new window) Leicester City owners explore sale a decade after Premier League title on facebook (opens in a new window) Leicester City owners explore sale a decade after Premier League title on linkedin (opens in a new window) Save current progress 0% Ivan Levingston, Josh Noble and Samuel Agini Published15 MINUTES AGO 2 Print this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Leicester City’s Thai owners are exploring selling the football club they led to Premier League glory a decade ago in one of the sport’s greatest underdog success stories. Thailand’s King Power, a travel and retail group that has owned the club for more than 15 years, has tapped investment bankers at Citigroup to sound out buyers, according to people familiar with the matter. After a bumper year for football M&A in 2022, the market for takeovers of top-flight clubs has slowed, according to data from Uefa. European football’s governing body cited high valuations and increased desire for financial returns as potential reasons. Instead, investors have turned their attention to football’s lower divisions, especially in England, or looked to buy minority stakes. The potential sale of Leicester City comes after the FT reported on Tuesday that a consortium of investors was in talks to buy a stake in Liverpool Football Club at a valuation of more than $6bn. Leicester supporters stage a protest against the owners in March. The team were relegated to League One, English football’s third tier, the following month © PA Leicester City was acquired by King Power’s billionaire founder Vichai Srivaddhanaprabha in 2010, with the team mid-table in the Championship, English football’s second tier. Under Thai ownership, the team reached the Premier League in 2014 and two years later were crowned English champions after an incredible run under Italian head coach Claudio Ranieri. The title-winning team, which included the likes of striker Jamie Vardy and midfielder N’Golo Kanté, became a global sensation for breaking the dominance of English football’s elite. Leicester went on to reach the quarter-finals of the Champions League the following season. But the club and its owners were struck by tragedy in 2018 when Srivaddhanaprabha died in a helicopter crash outside the team’s stadium, with control passing to his son Aiyawatt. Leicester initially enjoyed continued success on the pitch, finishing fifth in the Premier League in 2020 and 2021 and winning the FA Cup for the first time. However, results turned after the coronavirus pandemic, with the club relegated to the Championship in 2023. The team bounced back to the top flight for a single season before being relegated again in 2025. Meanwhile, the club began to face regulatory scrutiny over its finances. In February it was hit with a six-point deduction for breaching English football’s rules that limit how much clubs can spend. It ended the season with relegation to League One, English football’s third tier. Under its current owners, Leicester City relocated to a new training ground and had been seeking to expand its stadium to 40,000 seats, although those plans have been put on hold. Accounts released this year showed Leicester lost £71.1mn during the 2024-25 season despite being in the Premier League, which boosts revenues from broadcast rights and other sources. The club’s owners last year wiped £124mn of shareholder loans to the club, converting the debt to equity. King Power’s core business has been hit by a drop in visitors to Thailand in the wake of the pandemic, especially from China. Airports of Thailand said in October it had agreed to renegotiate some of the company’s retail concession contracts. Leicester were relegated to League One last season alongside Sheffield Wednesday — another club that fell on hard times under separate Thai ownership, before falling into administration and being bought in May by a US consortium. Citi declined to comment. King Power and Leicester City did not immediately respond to requests for comment.

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CruzNoir

CruzNoir

Posted
Posted (edited)

Why’s this news to anyone? 
 

I genuinely don’t think the owners financially can sustain or more accurately have the desire to sustain the Club for more than one season in League One so naturally they of course are going to look for back up options ie putting the feelers out there for potential interest if promotion doesn’t happen.

 

They aren’t seeking to sell imo, just testing the waters.

 

Unless of course an offer is made that cannot be refused, anything is for sale in that scenario 

Edited by CruzNoir
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VLC86

VLC86

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2 minutes ago, CruzNoir said:

Why’s this news to anyone? 
 

I genuinely don’t think the owners financially can sustain more than one season in League One so naturally they of course are going to look for back up options ie putting the feelers out there for potential interest if promotion doesn’t happen.

 

They aren’t seeking to sell imo, just testing the waters.

 

Unless of course an offer is made that cannot be refused, anything is for sale in that scenario 

Because it’s literally news. What you have said above is speculation and also, very contradictory. If they can’t sustain more than 1 season in league 1 why wouldn’t they sell?

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Sol thewall Bamba

Sol thewall Bamba

Posted
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Posted
4 minutes ago, CruzNoir said:

Why’s this news to anyone? 
 

I genuinely don’t think the owners financially can sustain or more accurately have the desire to sustain the Club for more than one season in League One so naturally they of course are going to look for back up options ie putting the feelers out there for potential interest if promotion doesn’t happen.

 

They aren’t seeking to sell imo, just testing the waters.

 

Unless of course an offer is made that cannot be refused, anything is for sale in that scenario 

Of course it's news. If they really have got Citi to sound out buyers that's much more significant than anything we've had before.

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davieG

davieG

Posted
Posted

There's a fair bit of assets if someone wants to come in and turn us into a fully fledged L1/L2 club. Seagrave and all the land around the stadium which would no longer be wanted and ripe for asset stripping to make a profit on.

Tommy G

Tommy G

Posted
Posted

Sounds like the decision has been made to sell the club, you don't go into these processes lightly as there will be a monumental effort needed from those inside the club and external advisors over the next 6 months. 

 

Wonder if anyone can get hold of a CIM lol 

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Officer Doofy

Officer Doofy

Posted
Posted
Just now, Tommy G said:

Sounds like the decision has been made to sell the club, you don't go into these processes lightly as there will be a monumental effort needed from those inside the club and external advisors over the next 6 months. 

 

Wonder if anyone can get hold of a CIM lol 

There will be a monumental burning of documents and deleting of electronic history. Probably been hard at it for a few years hence them not realising what league we are in. 

Finnegan

Finnegan

Posted
Posted
8 minutes ago, filbertway said:

They'll probably value the club at about £500m.

 

Tbf, their asking price won't be what demands the most of a potential buyer. 

 

If someone wants to come in and properly right the ship, get rid of the Macquarie obligations that are killing us off, pay off the transfer debt we owe, get us properly climbing in the right direction again then they're going to need to be really ****ing wealthy. 

 

The kind of wealth that makes whatever Top wants for the club probably irrelevant. 

 

As shit as he is as an owner I'm still terrified of a sale. I can still see us going to some parasite hedge fund. 

 

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Tommy G

Tommy G

Posted
Posted
1 minute ago, Officer Doofy said:

There will be a monumental burning of documents and deleting of electronic history. Probably been hard at it for a few years hence them not realising what league we are in. 

Management Warranty deeds will be interesting then 

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