King Power Out

[Pliskin]

We’re in a really precarious position.

 

Off the pitch it’s now clear KP are preparing to sell the club, so they’re not going to be putting anything into it unless it’s to balance the books in order to sell. 
 

And, are they selling to the right market? It’s likely we’re over inflating our current worth and may struggle to be sold…..

 

A poor season next season will likely land us in serious financial bother, to the point where we will most definitely be looking at administration and insolvency…..

 

It’s the most important year in our clubs history. So much can go right, but everything could go wrong. 

Edited 2 hours ago by Pliskin

[adam]

Tick tock

 

 

[FoxyPalace.com]

Cretin Power really need to go ! This goes from bad to worse. Disgrace 

[Foxin_Mad]

11 minutes ago, adam said:

Tick tock

 

 

How on earth do we owe £81 million in transfer fees? We don’t have on good player to show, the Rudkin bus trundles on

[Tommy Fresh]

4 minutes ago, Foxin_Mad said:

How on earth do we owe £81 million in transfer fees? We don’t have on good player to show, the Rudkin bus trundles on

We don't do we? 

[Sol thewall Bamba]

18 minutes ago, adam said:

Tick tock

 

 

Diabolical miss management.

 

Again, no money will be spent this summer. All the cash we get in will be spent keeping the wolf from the door.

[Nolucklcfc]

Essentially King Power have turned the tap off fully then. 

[Spanner73]

24 minutes ago, Pliskin said:

We’re in a really precarious position.

 

Off the pitch it’s now clear KP are preparing to sell the club, so they’re not going to be putting anything into it unless it’s to balance the books in order to sell. 
 

And, are they selling to the right market? It’s likely we’re over inflating our current worth and may struggle to be sold…..

 

A poor season next season will likely land us in serious financial bother, to the point where we will most definitely be looking at administration and insolvency…..

 

It’s the most important year in our clubs history. So much can go right, but everything could go wrong. 

Absolutely !!
My gut feeling tells me we won’t be sold for the amount KP want and with KP not investing it’s huge pressure on and off the pitch now 

[VLC86]

12 minutes ago, Nolucklcfc said:

Essentially King Power have turned the tap off fully then. 

The incoming tap yes, the outgoing tap probably not.

[Sol thewall Bamba]

Also remember when the relationship with Macquarie first broke and people were falling over each other to say "not to worry" and "that everyone does it". 

[Nolucklcfc]

16 minutes ago, VLC86 said:

The incoming tap yes, the outgoing tap probably not.

True, though they haven’t been investing significantly for a while. 

[South Shire Fox]

Which other clubs use Macquarie? Be interesting to see whether they are well run clubs or not

[Bordersfox]

Just now, South Shire Fox said:

Which other clubs use Macquarie? Be interesting to see whether they are well run clubs or not

Just look at Thames Water.  That's all anyone needs to know about Macquarie. 

[howiemark]

Top has factored everything to the loan company, any money/invoices go straight to them, plus an enormous amount of interest.

[jammie82uk]

40 minutes ago, Sol thewall Bamba said:

Also remember when the relationship with Macquarie first broke and people were falling over each other to say "not to worry" and "that everyone does it". 

In fairness a lot of clubs do, do it 

 

 

[VLC86]

4 minutes ago, howiemark said:

Top has factored everything to the loan company, any money/invoices go straight to them, plus an enormous amount of interest.

I thought that until I realised we still owed £28m for player purchases (who, and how the ****) so I would guess that recent player sales have gone into that pot, meaning the Macquary loans are getting bigger and bigger by the day.

 

I’ve said this many times, and some will argue with it, but honestly who is mental enough to buy us now? Everyone can see where this is going, and when it happens they will get us for a fraction of the price. 

[VLC86]

2 minutes ago, jammie82uk said:

In fairness a lot of clubs do, do it 

 

 

That still sounds like we will be about 10/15/20% of that total. Scandalous.

[howiemark]

VLC86...he has used us as a cash cow, you know the shareholders and Tops money still gets paid! No doubt the suppliers and anyone else we owe money to, will get a penny to the pound if they are lucky

[SemperEadem]

🦊💙🦊💙🦊💙

[It'sblueupnorth]

10 hours ago, pazzerfox said:

The feat of winning the Premier league will never be achieved again, and i very much doubt we'll win the FA Cup again in my life time. Should the people that helped us achieve this not be remembered and cherished at all costs, despite how it's ending? I get all the criticism but just think back to that special day when we lifted that title.. very very special. 

Do you feel the same way about John Elsom?

[SemperEadem]

10 hours ago, pazzerfox said:

The feat of winning the Premier league will never be achieved again, and i very much doubt we'll win the FA Cup again in my life time. Should the people that helped us achieve this not be remembered and cherished at all costs, despite how it's ending? I get all the criticism but just think back to that special day when we lifted that title.. very very special. 

Remember the players, not businessmen. 

[sylofox]

20 minutes ago, jammie82uk said:

In fairness a lot of clubs do, do it 

 

 

Do they all tie up every penny owed to them though.

[Sly]

37 minutes ago, South Shire Fox said:

Which other clubs use Macquarie? Be interesting to see whether they are well run clubs or not

Swansea, Villa, Wolves, Burnley, Watford, Sheffield United, WBA, Southampton and Rangers at a glance.

[Sly]

27 minutes ago, VLC86 said:

I thought that until I realised we still owed £28m for player purchases (who, and how the ****) so I would guess that recent player sales have gone into that pot, meaning the Macquary loans are getting bigger and bigger by the day.

 

I’ve said this many times, and some will argue with it, but honestly who is mental enough to buy us now? Everyone can see where this is going, and when it happens they will get us for a fraction of the price. 

If we default on Macquarie, they’ll potentially be able to get us and dismantle us to get the money they are owed. 
 

That’ll be stripping the squad bare and all of the family jewels as well. It’s Wimbledon levels of bad isn’t it? 

[jammie82uk]

7 minutes ago, sylofox said:

Do they all tie up every penny owed to them though.

I honestly don’t know but other clubs named are apparently Sheffield United, Southampton, Derby, Sunderland, Brighton, and West Ham,