KP Financial Troubles in Thailand

[King Claudio]

6 minutes ago, MPH said:

Hold your horses, everyone.

 

 

im not convinced that king power are in genuine financial difficulty,  if they were they wouldn't have recently converted debt to equity.

 

it really only helps the sale  of the club if we are a thriving prem club not one heading to relegation. He’d be able to get that money back in his asking price if we were in the prem. Price goes down if in the champ.

 

 

 

im sure multi billion dollar companies are rinsing their creditors all the time.

From Tops point of view it's a gamble we'll ever become this again. In fact with PSR, you'd need to pull a rabbit out of the hat. 

 

I'm sure it was Ashley's plan to sell when they were on the up as well. 

[Chrysalis]

Not sure how bad things are, but it has been evident for a while that things are not the same.  PSR has been a very convenient front for the decision to not spend in ways the fan base would like.  It was never a barrier, as clubs like Villa, and Chelsea have proven there is ways round it, Forest as well.

[Sly]

King Power have money.

We are not owned by King Power.

We are owned by Top.

Top also has money.

[Lambert09]

https://www.nationthailand.com/business/corporate/40046425
 

There’s been an update. The AOT are giving them more time to pay, but will not lower the interest rate. 
 

They already owe £93,500, 000. They are gaining interest at about £17m a year, that’s one vestergard per year. And there is no sign they will make enough money to meet the payments. And for those saying it’s not that much for billionaires… this is the starting point, if each year they don’t meet it’s the debt increases. How many years of adding 100m of debt would it take to run out of money?  How long would you be willing to endure that

 

 

What is happening is the same as at our club. They were desperate to keep doing what they did before and put very favourable terms for the AOT on the deal to ensure they won. Offering a huge payment or 20% of revenue, which ever was higher… yet they aren’t getting close to it 
 

with the interest terms as they are, they will surely struggle to catch up. 
 

This all points towards going bankrupt as their  portfolio does not appear diverse enough to get out of this hole. The last thing they need is a football club losing money on their hands. 
 

They need to get us up and sell us asap imo

[Lako42]

35 minutes ago, Lambert09 said:

https://www.nationthailand.com/business/corporate/40046425
 

There’s been an update. The AOT are giving them more time to pay, but will not lower the interest rate. 
 

They already owe £93,500, 000. They are gaining interest at about £17m a year, that’s one vestergard per year. And there is no sign they will make enough money to meet the payments. And for those saying it’s not that much for billionaires… this is the starting point, if each year they don’t meet it’s the debt increases. How many years of adding 100m of debt would it take to run out of money?  How long would you be willing to endure that

 

 

What is happening is the same as at our club. They were desperate to keep doing what they did before and put very favourable terms for the AOT on the deal to ensure they won. Offering a huge payment or 20% of revenue, which ever was higher… yet they aren’t getting close to it 
 

with the interest terms as they are, they will surely struggle to catch up. 
 

This all points towards going bankrupt as their  portfolio does not appear diverse enough to get out of this hole. The last thing they need is a football club losing money on their hands. 
 

They need to get us up and sell us asap imo

Not taken long to **** up everything Vichai built. 

 

 

 

 

[Tommy G]

22 hours ago, Lambert09 said:

https://www.nationthailand.com/business/corporate/40046425
 

There’s been an update. The AOT are giving them more time to pay, but will not lower the interest rate. 
 

They already owe £93,500, 000. They are gaining interest at about £17m a year, that’s one vestergard per year. And there is no sign they will make enough money to meet the payments. And for those saying it’s not that much for billionaires… this is the starting point, if each year they don’t meet it’s the debt increases. How many years of adding 100m of debt would it take to run out of money?  How long would you be willing to endure that

 

 

What is happening is the same as at our club. They were desperate to keep doing what they did before and put very favourable terms for the AOT on the deal to ensure they won. Offering a huge payment or 20% of revenue, which ever was higher… yet they aren’t getting close to it 
 

with the interest terms as they are, they will surely struggle to catch up. 
 

This all points towards going bankrupt as their  portfolio does not appear diverse enough to get out of this hole. The last thing they need is a football club losing money on their hands. 
 

They need to get us up and sell us asap imo

Looks like the penalty rate is being negotiated (or has been) to 9% - still........enough to keep you up at night. 

 

Regarding the penalty rate, AOT has proposed reducing penalties from 18% to 9%, aligning closer to the 5% civil interest rate 

Read More: https://www.kaohooninternational.com/markets/552652

 

Likely long term solution would be for KP to fund some of these obligations to AOT through a debt provider, not sure how already leveraged they are and it would be a risk for a commercial bank to do so as they would have to be confident of some near term free cashflow - sounds like they aren't generating enough or they would of just met their current obligation with AOT anyway - unless they are dumb and want to pay twice the market rate for interest costs. All plausible   

[st albans fox]

On 20/02/2025 at 20:27, Sly said:

King Power have money.

We are not owned by King Power.

We are owned by Top.

Top also has money.

Is none of the shareholding owned  by KP any longer ?  

[Tommy G]

15 minutes ago, st albans fox said:

Is none of the shareholding owned  by KP any longer ?  

Just had a quick look on CH.

 

Looks like an allotment of shares last month (24th Jan) which on a fag packet totals the previous shares owned by King Power International Limited + the debt to equity conversion (think it was £124m) 

 

You wont be able to view exactly who those shares were allotted to until the next confirmation statement which is November 2025, but it kind of gives it away that Top is now listed as a PSC on companies house rather than King Power International Limited as it was previously and in the ultimate parent company note in the accounts. 

[st albans fox]

19 minutes ago, Tommy G said:

Just had a quick look on CH.

 

Looks like an allotment of shares last month (24th Jan) which on a fag packet totals the previous shares owned by King Power International Limited + the debt to equity conversion (think it was £124m) 

 

You wont be able to view exactly who those shares were allotted to until the next confirmation statement which is November 2025, but it kind of gives it away that Top is now listed as a PSC on companies house rather than King Power International Limited as it was previously and in the ultimate parent company note in the accounts. 

Knew he was PSC but like you say, until nov we won’t have a handle on how much of the club is owned by different parties and even then it may not be clear 

[fazzyfox]

We could do a bucket cash collection in the stands if that helps  

[ithuriel]

The beginning of the end perhaps, if they are in trouble they might not want a high profile asset not doing well, think they will be looking to sell up once we go down and are languishing in the Championship, if the right offer comes in that is.

[Chrysalis]

On 20/02/2025 at 20:27, Sly said:

King Power have money.

We are not owned by King Power.

We are owned by Top.

Top also has money.

That may be, but it doesnt mean Top and his family want to spend above their current levels.  It happens.  Southampton had same issue, the owner who loved the game passed away, his family didnt have the same love (but still had money) let the club decline.  Sometimes you see it with existing owners where they make a change in what they are prepared to fund.
Usually the way to hide it from fans if they not being up front about it would be to make bids for players, but the bids repeatedly dont come to fruition, gives the impression they trying when there was never an intention, PSR provides a glorious front for it now though.

[CrazyKopCorner]

3 hours ago, Tommy G said:

Just had a quick look on CH.

 

Looks like an allotment of shares last month (24th Jan) which on a fag packet totals the previous shares owned by King Power International Limited + the debt to equity conversion (think it was £124m) 

 

You wont be able to view exactly who those shares were allotted to until the next confirmation statement which is November 2025, but it kind of gives it away that Top is now listed as a PSC on companies house rather than King Power International Limited as it was previously and in the ultimate parent company note in the accounts. 

Financially we are sound and are a below average risk for a Premier League football team as Top to be fair to him has totally stabilised us. 

 

Surely though it would be much more cost effective for him if he started managing the club properly than to continue to shell out regular payments of £100m / £200m to get us out of the shite. 

[jayfox26]

3 minutes ago, CrazyKopCorner said:

Financially we are sound and are a below average risk for a Premier League football team as Top to be fair to him has totally stabilised us. 

 

Surely though it would be much more cost effective for him if he started managing the club properly than to continue to shell out regular payments of £100m / £200m to get us out of the shite. 

This is it. Surely he can see the clubs being poorly run, at his expense, so it's incomprehensible that he hasn't held to account the people that are meant to be running the club and have ultimately cost him money. I'm not having that Vichai would have accepted such incompetence if he was still here. 

[CrazyKopCorner]

Just now, jayfox26 said:

This is it. Surely he can see the clubs being poorly run, at his expense, so it's incomprehensible that he hasn't held to account the people that are meant to be running the club and have ultimately cost him money. I'm not having that Vichai would have accepted such incompetence if he was still here. 

You are absolutely spot on my friend