KP Financial Troubles in Thailand

[Ricey]

What?! From the same people that brought these beauties to the people of Leicester...

 

...it just doesn't add up.

Edited 19 February by Ricey

[fox_up_north]

Hopefully it reminds people to support the club and the fans, rather than the owners. 

[HitchinFox]

53 minutes ago, Mike the Metal Ed said:

Best owners in football 

 

There was a strong argument that they were definitely up there with the best, before Vichai died. 

 

Now? Miles off. Mixture of incompetence and in-fighting across every aspect of KP's businesses. 

 

 

[SK3Blue]

It looks like it’s finally catching up with them, makes you wonder what’s next. 
 

The King Power fan club will be shocked when the clappers are no more along with a beer and a mince pie.  Can see it now, 5000 strong protest ‘bring back our clappers’ 

 

If the tat in the club shop is anything to go by, no wonder they aren’t doing too well with duty free. 

[Sol thewall Bamba]

Thoughts on this @Bob Hazels shorts? 

 

You're doing the "King power pilgrimage" in Thailand at the moment ( ), maybe pop round and ask them what's going on?

[FerrisBueller]

9 minutes ago, Ricey said:

What?! From the same people that brought these beauties to the people of Leicester...

 

...it just doesn't add up.

Laugh all you want, my groomsmen looked the business.

[Lako42]

3 minutes ago, Sol thewall Bamba said:

Thoughts on this @Bob Hazels shorts? 

 

You're doing the "King power pilgrimage" in Thailand at the moment ( ), maybe pop round and ask them what's going on?

You mean he wasn't in the stadium offering unwavering support on the weekend? 

 

@Bob Hazels shorts shame on you. 

[MattFox]

“20% drop in Thai Airports share price directly due to KP financial troubles”

 

 

This looks potentially pretty big tbh. A company as opaque to KP admitting to liquidity issues publicly is not a good sign

[Sol thewall Bamba]

2 minutes ago, Lako42 said:

You mean he wasn't in the stadium offering unwavering support on the weekend? 

 

@Bob Hazels shorts shame on you. 

He's a part time hobbyist! 

[Larry_LCFC]

Top is riding off his dad's reputation both in business and as a football club owner. He doesn't even come close to Vichai. 

[bmt]

You should all count yourselves lucky that our owners have maintained liquidity for this long, you only need to look at what happened to insert failed business name here . Be careful what you wish for!

[Nolucklcfc]

Just now, Larry_LCFC said:

Top is riding off his dad's reputation both in business and as a football club owner. He doesn't even come close to Vichai. 

This is the problem. Just because Vichai was a very good businessman, it doesn’t mean his son is. We are seeing this now through the football decisions and evidently king powers business. 

[Micky]

King Power is considered to be very stable (Moody's Investors Service), indicating a strong financial position with minimal risk of significant changes in the near future; their main source of revenue, the duty-free business, benefits from its close ties to the Thai government, acting as a largely government-sanctioned monopoly.

Moody's has affirmed King Power Capital's credit rating with a stable outlook, signifying confidence in their financial health.

[TheStig]

As far as I can read 58% of the shares of Leicester City are personally owned by Top and the rest by (I guess) family members. So that should financially put us outside the KP Group - but correct me if Im wrong please

 

Edited 19 February by TheStig

[Grebfromgrebland]

This feels like an apt and sad end of an era. Very Leicester City.

 

We need a big investor who was smitten by our league and FA cup win just like King Power were by our league cup win.

[Pita]

Sounds like king power are in a mess. No wonder they are not spending on football. 

[Daggers]

[HankMarvin]

2 hours ago, Lako42 said:

Hopefully making us more attractive for a sell

In which case, they would’ve gone all out in January to stay up.

Premier league status maximises the selling price 

[Nalis]

I dont buy into the whole 'but who would buy us' comments at all whe  it comes to potential new owners.

 

Forget the current shit show, if you have clubs like Birmingham bought out after being poorly run for years then 100% there will be potential new owners interested in buying us, especially since we're a uniquely marketable medium sized club given our recent history.

[mattandjon]

A general struggle at the moment, it would appear:

 

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

[Gazza M]

Is this another sign of Tops incompetence in business or would Covid have done this to KP regardless? 

[FoxFossil]

Anyone know what happens to LCFC if KP goes under? Are liquidators able/required to sell the club as part of the KP wider business empire?

Maybe time for a bit of crowd funding if KP enters administration and there is a fire sale of assets? Surely Lineker's got a few bob stashed away to lead any bargain bid.

[Happy Fox]

This news hasn’t been shut down has it like BC Game  hopefully the club gets sold soon so these jokers can leave.

[Sol thewall Bamba]

10 minutes ago, Gazza M said:

Is this another sign of Tops incompetence in business or would Covid have done this to KP regardless? 

From a 2 second Google search and a nice agentic generative AI summary:

 

"According to recent data, Thailand welcomed approximately 35.5 million international tourists in 2024, marking a significant rebound from the pandemic lows, with the majority of visitors coming from the Asia-Pacific region followed by Europe; this figure is close to the pre-pandemic level of 39.8 million visitors in 2019."

 

So it's lower by 10% or so.

[CosbehFox]

16 minutes ago, Sol thewall Bamba said:

From a 2 second Google search and a nice agentic generative AI summary:

 

"According to recent data, Thailand welcomed approximately 35.5 million international tourists in 2024, marking a significant rebound from the pandemic lows, with the majority of visitors coming from the Asia-Pacific region followed by Europe; this figure is close to the pre-pandemic level of 39.8 million visitors in 2019."

 

So it's lower by 10% or so.

I;d question if Thailand's tourism is going to recover to those levels. There is been a lot written at the moment how the tourism trade there is now going after the same vibe from the likes of Benidorm.