King Power Out

[DJ Barry Hammond]

15 minutes ago, Spanner73 said:

Vardy was right King Powers Shi**
Vardy was right King Powers Shi**
 

Vardy was right King Powers Shi**
Vardy was right King Powers Shi**

I didn’t think Vardy had a problem with the owners?

 

Focus on the key priority of “Rudkin Out”. That’s the thing that could be achieved. 
 

There’s no rumoured interest in buying the club so “King Power Out” isn’t going to happen anytime soon.

 

Plus, you can’t guarantee any new owner(s) wouldn’t turn out to be a Venky’s / Panjab Warriors / Chanseri type.

[Stadt]

31 minutes ago, DJ Barry Hammond said:

I didn’t think Vardy had a problem with the owners?

 

Focus on the key priority of “Rudkin Out”. That’s the thing that could be achieved. 
 

There’s no rumoured interest in buying the club so “King Power Out” isn’t going to happen anytime soon.

 

Plus, you can’t guarantee any new owner(s) wouldn’t turn out to be a Venky’s / Panjab Warriors / Chanseri type.

Say Rudkin is forced out, then you trust Top to appoint a successor? He can’t. He’s incapable.

 

Rudkin IS King Power now

[Foxin_Mad]

40 minutes ago, DJ Barry Hammond said:

 

 

Plus, you can’t guarantee any new owner(s) wouldn’t turn out to be a Venky’s / Panjab Warriors / Chanseri type.

Venkys/panjab warriors/Chanseri/King power type you mean? 

Edited 9 February by Foxin_Mad

[BenTheFox]

39 minutes ago, DJ Barry Hammond said:

I didn’t think Vardy had a problem with the owners?

 

Focus on the key priority of “Rudkin Out”. That’s the thing that could be achieved. 
 

There’s no rumoured interest in buying the club so “King Power Out” isn’t going to happen anytime soon.

 

Plus, you can’t guarantee any new owner(s) wouldn’t turn out to be a Venky’s / Panjab Warriors / Chanseri type.

I would argue Aiyawatt has reached, or is close to reaching that point. Not through malice imo, but through incompetence. 

 

Call me naive if you like, but I would also argue that Leicester City is potentially an attractive prospect. We are a one club county based two hours from London with global name recognition, an impressive training ground and a stadium which can be expanded. 

[DJ Barry Hammond]

25 minutes ago, BenTheFox said:

I would argue Aiyawatt has reached, or is close to reaching that point. Not through malice imo, but through incompetence. 

 

Call me naive if you like, but I would also argue that Leicester City is potentially an attractive prospect. We are a one club county based two hours from London with global name recognition, an impressive training ground and a stadium which can be expanded. 

Maybe.

 

However, we know King Power has transferred some £400 million of debt to equity.

 

We also know the club runs at a significant loss.

 

That means any potential buying party will need deep pockets.

 

And as I say - there’s been zero rumour of any interest - so if there is no willing buying party, what happens then?

 

 

[Stadt]

12 minutes ago, DJ Barry Hammond said:

Maybe.

 

However, we know King Power has transferred some £400 million of debt to equity.

 

We also know the club runs at a significant loss.

 

That means any potential buying party will need deep pockets.

 

And as I say - there’s been zero rumour of any interest - so if there is no willing buying party, what happens then?

 

 

We don’t know of any interest because at least publicly the club isn’t up for sale. If the club continues to operate with big losses Top can’t sustain it. We will be wound up if we can’t repay the Macquarie loans 

 

 

[Corky]

4 hours ago, Sky Blues said:

They can if you end up in League One. It isn't FFP but sustainability rules. They could gift the club 100m if they had it, giving you 60m for the cost of players without any other income. Even those ruining your club couldn't fail with that much in League One.....could they?......

We shouldn't need to overspend at that level. Sheffield Wednesday will have new ownership but uncertainty, we will have the biggest crowds should we start well, comfortably the biggest profile and the better players at that level will surely be attracted to us without breaking the bank?

 

The issue we have is the idea of progressing on reduced costs and sensible practice is long gone at this club.

[Spanner73]

1 hour ago, 1884HF said:

I pray night and day for this to be sung week in week out

It should have happened ages ago but that’s out fanbase too many happy clappers 

[Spanner73]

17 minutes ago, Stadt said:

We don’t know of any interest because at least publicly the club isn’t up for sale. If the club continues to operate with big losses Top can’t sustain it. We will be wound up if we can’t repay the Macquarie loans 

 

 

Hopefully 

[DJ Barry Hammond]

31 minutes ago, Stadt said:

We don’t know of any interest because at least publicly the club isn’t up for sale. If the club continues to operate with big losses Top can’t sustain it. We will be wound up if we can’t repay the Macquarie loans 

 

 

Our losses, whilst they are significant sums - they’ve been between £20 - £90 million a year - the Top’s families reported net worth is around £2.6 billlion, so those amounts remain in a sustainable position for them financially.

 

And I’d say if there was a party actively interested in buying the club - they’d would have let themselves known during this fan unrest.

 

They don’t have to wait for Top to put the club up for sale to initiate a deal.

 

[The Year Of The Fox]

2 hours ago, DJ Barry Hammond said:

I didn’t think Vardy had a problem with the owners?

 

Focus on the key priority of “Rudkin Out”. That’s the thing that could be achieved. 
 

There’s no rumoured interest in buying the club so “King Power Out” isn’t going to happen anytime soon.

 

Plus, you can’t guarantee any new owner(s) wouldn’t turn out to be a Venky’s / Panjab Warriors / Chanseri type.

Blimey

 

 

They live amongst us on FT. 

[Blue ROI]

Just now, The Year Of The Fox said:

Blimey

 

 

They live amongst us on FT. 

TLDR: Be careful what you wish for

[Spanner73]

2 hours ago, DJ Barry Hammond said:

I didn’t think Vardy had a problem with the owners?

 

Focus on the key priority of “Rudkin Out”. That’s the thing that could be achieved. 
 

There’s no rumoured interest in buying the club so “King Power Out” isn’t going to happen anytime soon.

 

Plus, you can’t guarantee any new owner(s) wouldn’t turn out to be a Venky’s / Panjab Warriors / Chanseri type.

Whatever !!! 
Good grief what chance have we got ! 

[Mickyblueeyes]

1 hour ago, DJ Barry Hammond said:

Our losses, whilst they are significant sums - they’ve been between £20 - £90 million a year - the Top’s families reported net worth is around £2.6 billlion, so those amounts remain in a sustainable position for them financially.

 

And I’d say if there was a party actively interested in buying the club - they’d would have let themselves known during this fan unrest.

 

They don’t have to wait for Top to put the club up for sale to initiate a deal.

 

I’m really intrigued. How do you think an interested party would make themselves known ?

[New Member]

1 hour ago, DJ Barry Hammond said:

Maybe.

 

However, we know King Power has transferred some £400 million of debt to equity.

 

We also know the club runs at a significant loss.

 

That means any potential buying party will need deep pockets.

 

And as I say - there’s been zero rumour of any interest - so if there is no willing buying party, what happens then?

 

 

No rumours because we ain't up for sale. Top will be looking for a few hundred million but we ain't worth that.

 

Go into administration we are worth 30 to 50m at best. Then buyers will appear.

[Guest]

3 minutes ago, Mickyblueeyes said:

I’m really intrigued. How do you think an interested party would make themselves known ?

Parachuting onto the pitch at half time with a big briefcase full of cash, the usual

[New Member]

5 minutes ago, Guest said:

Parachuting onto the pitch at half time with a big briefcase full of cash, the usual

Give everyone going in one of those t shirt guns and rolls of notes. If we keep a clean sheet everyone has to fire off all the rolls of notes.

[DJ Barry Hammond]

11 minutes ago, New Member said:

No rumours because we ain't up for sale. Top will be looking for a few hundred million but we ain't worth that.

 

Go into administration we are worth 30 to 50m at best. Then buyers will appear.

Your comments make no sense.

 

If Top is looking for a few hundred million - why would he place the club in administration? 
 

Equally there’s nothing at present suggesting the club is not meeting its credit obligations - which is a scenario that could force administration.

 

Yes the club is running at a loss - but so does pretty much every professional club at the moment - and those losses have been underwritten and converted to equity by King Power.

[DJ Barry Hammond]

18 minutes ago, Mickyblueeyes said:

I’m really intrigued. How do you think an interested party would make themselves known ?

Buying a club would require a lot of due diligence - so if a party were interested they’d be sounding out all manor of people about the prospect, to the extent you’d imagine there should be some sort of rumour surfacing if there was anything close to a bid being made.

 

The fan unrest would have been noted too by any party - would give them leverage in any deal - although admittedly, any party looking at a deal might wait until the end of the season now.

 

That said, I doubt there is anyone in the wings - someone would have got a hint of something.

[Mickyblueeyes]

13 minutes ago, DJ Barry Hammond said:

Buying a club would require a lot of due diligence - so if a party were interested they’d be sounding out all manor of people about the prospect, to the extent you’d imagine there should be some sort of rumour surfacing if there was anything close to a bid being made.

 

The fan unrest would have been noted too by any party - would give them leverage in any deal - although admittedly, any party looking at a deal might wait until the end of the season now.

 

That said, I doubt there is anyone in the wings - someone would have got a hint of something.

So you’d expect an interested party to speak to various unconnected parties at a very early stage of any potential deal ? Who are these third parties ?

 

[DJ Barry Hammond]

Couple of examples of football club takeover rumours by the way.

 

Bristol City

 

https://www.bbc.co.uk/sport/football/articles/c1j8rdy1l4wo
 

Spurs

 

https://www.skysports.com/football/news/11095/13426968/tottenham-takeover-club-unequivocally-reject-two-expressions-of-interest-in-majority-stake-and-insist-it-is-not-for-sale

 

Manchester United (again!)

 

https://talksport.com/football/3629120/turki-alalshikh-cryptic-man-utd-takeover-update/
 

None of these clubs are actively up for sale as far as I’m aware.

[DJ Barry Hammond]

2 minutes ago, Mickyblueeyes said:

So you’d expect an interested party to speak to various unconnected parties at a very early stage of any potential deal ? Who are these third parties ?

 

If you’re going to spend £100 million + on a football club, you’re going to speak to a lot of people about the subject.

 

You’re going to speak to football people, finance people, commercial people. You are going to want to properly know what your bidding on before you make an approach.

 

It’s not something you just keep to yourself and then suddenly one day go “excuse me Mr Top, would you accept £x for your football club.”

[The Year Of The Fox]

25 minutes ago, DJ Barry Hammond said:

Your comments make no sense.

 

If Top is looking for a few hundred million - why would he place the club in administration? 
 

Equally there’s nothing at present suggesting the club is not meeting its credit obligations - which is a scenario that could force administration.

 

Yes the club is running at a loss - but so does pretty much every professional club at the moment - and those losses have been underwritten and converted to equity by King Power.

So they’re not borrowing money from next years parachute payment?

 

Or have taken loans out based on future PL TV rights? 

[Mickyblueeyes]

2 minutes ago, DJ Barry Hammond said:

If you’re going to spend £100 million + on a football club, you’re going to speak to a lot of people about the subject.

 

You’re going to speak to football people, finance people, commercial people. You are going to want to properly know what your bidding on before you make an approach.

 

It’s not something you just keep to yourself and then suddenly one day go “excuse me Mr Top, would you accept £x for your football club.”

So you believe finance people, football people, commercial people who have been trusted to discuss the early stages of a potential takeover would do what ? Throw that trust in the bin and go to the press ?

 

or you think they’ve had those conversation and ready to express interest (like all three of the scenarios set out in the articles you have shared) ?

 

What scenario are we working from ? 
 

if there isn’t an expression of interest it doesn’t mean there isn’t interest. Or there wouldn’t be interest 

[AyewJoking]

3 hours ago, BenTheFox said:

I would argue Aiyawatt has reached, or is close to reaching that point. Not through malice imo, but through incompetence. 

 

Call me naive if you like, but I would also argue that Leicester City is potentially an attractive prospect. We are a one club county based two hours from London with global name recognition, an impressive training ground and a stadium which can be asset stripped.