KP Financial Troubles in Thailand

[teblin]

30 minutes ago, foxinsocks said:

I think he owns the club himself.

 

He will do what rudkin tells him.

 

Yep thats true, it changes over the last year ir so, Top owns the club not King Power I beleieve.

[Jon the Hat]

Worth noting the Force Majeure is not for all airports, only the tourism focused regional ones.  Its quite possible losing them would improve their overall profitability, focusing on those which are making money.

[Guest Lako42]

Sounds like KP are the type of business that would borrow huge amounts of money against a non guaranteed income stream (PL payments) 

 

 

Contingency planning not a huge strength it seems 

[TeamRocket]

12 hours ago, Winstonthedog said:

What ffs is scaked .... is it sexual 😂 

Haha sorry am dyslexic dude meant to be sacked 

[Ric Flair]

Why is tourism so down in Thailand? 

[davieG]

1 hour ago, Claudio Fannieri said:

On face value it would appear Top is being promoted to a level that limits the amount of damage he can cause. He will have less influence and control and effectively becomes a figure head. 
 

Could there be a similar restructuring of the football club and an expert be appointed to work under Top but with a remit to get the club back on track. 
 

 

That's more of less how it is with the football Club  he's the Chairman and Whelan is the CEO

[Claudio Fannieri]

6 minutes ago, davieG said:

That's more of less how it is with the football Club  he's the Chairman and Whelan is the CEO

Agreed but I think he needs to shift up another level or two so the control and influence he has is significantly reduced. 

Edited 17 June 2025 by Claudio Fannieri

[Finnegan]

You have to love the irony of Top moving a senior executive (in this case himself) out of the way to bring in a more qualified, experienced manager to run the practical and technical side of the business. 

 

Wonder where else those lessons could be applied, Aiyawatt. 

 

 

 

[ClaphamFox]

25 minutes ago, Ric Flair said:

Why is tourism so down in Thailand? 

Chinese tourism has not recovered since Covid

[Nickaj]

1 minute ago, ClaphamFox said:

Chinese tourism has not recovered since Covid

 

1 minute ago, ClaphamFox said:

Chinese tourism has not recovered since Covid

 

Understand tourism from the Indian Sub-continent also greatly reduced

[K789]

13 minutes ago, Nickaj said:

 

 

Understand tourism from the Indian Sub-continent also greatly reduced

Add Russia to list too. Also attracting the 18-30s crowd who don't spend as much ive read

[Sol thewall Bamba]

How do you **** up a monopoly given to you by a royal family

 

Get them out.

[Qwerty]

I know nothing about business, but my interpretation of that report is that KP are wanting to negotiate reduced rent for their shops at the airports because (for various reasons beyond their control) foot-fall and sales are down.  Is that correct?  

[Finnegan]

11 minutes ago, Qwerty said:

I know nothing about business, but my interpretation of that report is that KP are wanting to negotiate reduced rent for their shops at the airports because (for various reasons beyond their control) foot-fall and sales are down.  Is that correct?  

 

Being pedantic, rent isn't the right word. 

 

But basically, yes, they aren't profitable anymore so they want to pay less money to the owners of the airports. 

 

[Groby_Blue]

2 minutes ago, Finnegan said:

 

Being pedantic, rent isn't the right word. 

 

But basically, yes, they aren't profitable anymore so they want to pay less money to the owners of the airports. 

 

So the owners of the airports are less profitable too. Misery loves company. 

[Qwerty]

15 minutes ago, Finnegan said:

 

Being pedantic, rent isn't the right word. 

 

But basically, yes, they aren't profitable anymore so they want to pay less money to the owners of the airports. 

 

So it's a bit like when local councils have their budget cut, so to recoup their losses they charge more rent to the high street shops.  But the high street shops aren't making as much money due to cost-of-living, and they want to negotiate with the councils to pay less rent.  Both shops and councils are getting less money in, so they want to spend less money, and it's a bit of a stale-mate.  But it's in the council's best interest to come to an agreement, because otherwise the shops will close and then they'll get no rent at all.

[Finnegan]

7 minutes ago, Qwerty said:

So it's a bit like when local councils have their budget cut, so to recoup their losses they charge more rent to the high street shops.  But the high street shops aren't making as much money due to cost-of-living, and they want to negotiate with the councils to pay less rent.  Both shops and councils are getting less money in, so they want to spend less money, and it's a bit of a stale-mate.  But it's in the council's best interest to come to an agreement, because otherwise the shops will close and then they'll get no rent at all.

 

The fundamental difference is that a city centre needs businesses to survive. You don't go in to town just to look at boarded up shops. 

 

Airports would survive without duty free. Nobody is going to an airport purely to buy perfume and massive Toblerone. 

 

People are always going to need to fly (especially when they live in the Pacific) and airports are always going to be essential. The airport might be less profitable but it'll survive. 

 

The retailer somewhat less so. 

 

[Qwerty]

18 minutes ago, Finnegan said:

 

The fundamental difference is that a city centre needs businesses to survive. You don't go in to town just to look at boarded up shops. 

 

Airports would survive without duty free. Nobody is going to an airport purely to buy perfume and massive Toblerone. 

 

People are always going to need to fly (especially when they live in the Pacific) and airports are always going to be essential. The airport might be less profitable but it'll survive. 

 

The retailer somewhat less so. 

 

True - although I imagine airports have costs that are partially covered by the rent from shops.  A bit like cinemas, who apparently don't make any money from showing films, and rely on sales of expensive popcorn to make any profit. 

[Torten]

1 hour ago, Finnegan said:

 

The fundamental difference is that a city centre needs businesses to survive. You don't go in to town just to look at boarded up shops. 

 

Airports would survive without duty free. Nobody is going to an airport purely to buy perfume and massive Toblerone. 

 

People are always going to need to fly (especially when they live in the Pacific) and airports are always going to be essential. The airport might be less profitable but it'll survive. 

 

The retailer somewhat less so. 

 

Speak for yourself

[Blarmy]

Oh no, does this mean we can’t spend £ 1.8m in January any more?

[los dedos]

43 minutes ago, Torten said:

Speak for yourself

Alan, is that you ?

[5waller5]

6 hours ago, fox_favourite said:

So in simple terms KP and tourism were heavily hit by COVID and things have never recovered back to pre COVID levels. To me it sounds like KP are restructuring to survive. It also seems they don't trust top 

 

I wonder if we're going to be dropped as an unnecessary expensive play thing that is an unhealthy distraction from the business? 

Tourism didn’t get back to pre-covid levels but was rising and was almost back - this year it has crashed, bars / restaurants / beaches all near to empty. The Chinese trade has almost disappeared overnight.

 

KP certainly isn’t a well run business, they just rely on their monopoly and massive footfall to sell overpriced tat … but the footfall isn’t there and will be hitting hard

[ealingfox]

So Aiyawatt inherited a monopoly selling to a captive audience and tanked it within 8 years

 

Beginning to see a pattern here.

[Tommy G]

I think a foot long Toblerone could run footballing operations better than this lot. 

[Finnegan]

34 minutes ago, Tommy G said:

I think a foot long Toblerone could run footballing operations better than this lot. 

 

A foot long Toblerone has better resale value than Jordan Ayew.