King Power: A Tale of Rise and Ruin

[Sly]

3 minutes ago, VLC86 said:

Intrinsically linked I completely agree, I wondered if Top no longer being the KP CEO and officially not being owned by Top meant it was either him pumping the money in personally or we didn’t get it.

 

We aren’t exactly going to be an attractive purchase are we? These Macquary loans will be what buries us.

We owe Mac bank around £130m in loans. 
 

Which coincides roughly with the stock option we have available. Top sells to himself, clears the loans with the cash injection. Then sells the club as debt free basically.

 

We’d need to buy the stadium from KP holdings. I think we owe them £40m balance. 
 

Belvoir Road is valued at £6m. Sell that to offset.

 

It’s doable, however who wants to buy? We are unsustainable in reality. 

[SemperEadem]

4 minutes ago, Sly said:

We owe Mac bank around £130m in loans. 
 

Which coincides roughly with the stock option we have available. Top sells to himself, clears the loans with the cash injection. Then sells the club as debt free basically.

 

We’d need to buy the stadium from KP holdings. I think we owe them £40m balance. 
 

Belvoir Road is valued at £6m. Sell that to offset.

 

It’s doable, however who wants to buy? We are unsustainable in reality. 

What a mess.

[VLC86]

9 minutes ago, Sly said:

We owe Mac bank around £130m in loans. 
 

Which coincides roughly with the stock option we have available. Top sells to himself, clears the loans with the cash injection. Then sells the club as debt free basically.

 

We’d need to buy the stadium from KP holdings. I think we owe them £40m balance. 
 

Belvoir Road is valued at £6m. Sell that to offset.

 

It’s doable, however who wants to buy? We are unsustainable in reality. 

Yep, the bottom line is exactly what I mean. At the minute, we are a complete drain on whoever owns us and will be until the bulk of the current squad are gone or we go up this season. 

[Jon the Hat]

10 minutes ago, VLC86 said:

Yep, the bottom line is exactly what I mean. At the minute, we are a complete drain on whoever owns us and will be until the bulk of the current squad are gone or we go up this season. 

We have losses whatever league we are in tbh.

[VLC86]

Just now, Jon the Hat said:

We have losses whatever league we are in tbh.

Most football clubs do, but nobody is going to buy a club that’s pretty much guaranteed to lose £100m in its first year.

[los dedos]

LCFC fan pages on Facebook are hilarious. Even seeing these articles they won't criticise Top.

Comments like "Why worry about what you can't change" an " What ever will be will be "  He could send us to the national league and they still wouldn't say a bad word against him.

[Jon the Hat]

33 minutes ago, VLC86 said:

Most football clubs do, but nobody is going to buy a club that’s pretty much guaranteed to lose £100m in its first year.

Chelsea have lost a billion quid.

[VLC86]

2 minutes ago, Jon the Hat said:

Chelsea have lost a billion quid.

How much debt do they have?

How much are their assets valued at?

What is their projected revenue for the next 3 years?

 

Not sure we can really compare there but also, if Bohley ****s off they could also be in the shit.

[Jon the Hat]

Just now, VLC86 said:

How much debt do they have?

How much are their assets valued at?

What is their projected revenue for the next 3 years?

 

Not sure we can really compare there but also, if Bohley ****s off they could also be in the shit.

Its on a different scale of course, but my point is it is quite possible to sell a club with debt, and indeed in a loss making position.  Lowering the wage bill would help of course, but the Macquarie 130M is largely irrelevant to the sale.

[Finnegan]

12 minutes ago, Jon the Hat said:

Chelsea have lost a billion quid.

 

They're also a big six club with an enormous ceiling. 

 

[Jon the Hat]

9 minutes ago, Finnegan said:

They're also a big six club with an enormous ceiling. 

 

Yes, but we don't need to be profitable to be sold.  Hardly any clubs are actually making a profit.

[VLC86]

22 minutes ago, Jon the Hat said:

Its on a different scale of course, but my point is it is quite possible to sell a club with debt, and indeed in a loss making position.  Lowering the wage bill would help of course, but the Macquarie 130M is largely irrelevant to the sale.

Fair, but a club haemorrhaging cash with potential points deductions and/or transfer bans? We aren’t going to be that attractive are we. 

[Finnegan]

12 minutes ago, Jon the Hat said:

Yes, but we don't need to be profitable to be sold.  Hardly any clubs are actually making a profit.

 

Narh of course not, depending on the asking price there'd be hundreds of potential owners of Leicester City. 

 

We're still famous enough, just about, to be an interesting club for someone to buy. 

 

Not to mention our seller isn't in a strong position to negotiate. 

 

If Top loses his bid to get a new deal out of AOT, I'd be surprised if we don't at very least have new investors, if not majority shareholders, by this time next year. 

 

[Ric Flair]

That training ground needs flogging to Forest. It's not worth the hassle. 

[justfoxes]

AI power tools give great returns this is from Grok of X asking is Leicester city in serious trouble ?

 

Leicester City has been grappling with significant financial losses, posting £89.7 million in losses for the 2022/23 season and £92.5 million the year before, totaling over £215 million in three years. These figures stem from a high wage bill (the largest outside the Premier League’s “Big 6” in 2022/23), the costly sacking of manager Brendan Rodgers, a drop in prize money from finishing 18th and getting relegated, and no European football revenue. Despite £74.8 million in player sales (like Wesley Fofana and James Maddison), they still bled cash. For 2023/24, losses dropped to £19.4 million, but that’s still a deficit, and they’re under scrutiny for breaching Profitability and Sustainability Rules (PSR). They face three charges from the Premier League for the 2023/24 season, which could lead to a points deduction in the 2025/26 Championship season if found guilty. The EFL also expects a potential breach for the three-year cycle ending June 2025, which could mean further sanctions.

King Power’s financial woes add to the mess. The Thai duty-free giant, owned by the Srivaddhanaprabha family, is Leicester’s parent company and has been hit hard by a tourism slump, especially from Chinese visitors. A 2021 report pegged their global turnover at £420 million, a fifth of their 2019 peak, though they recovered slightly to £733 million in 2022 and posted a £5 million profit in 2023. They’ve had to renegotiate airport contracts in Thailand due to these challenges, invoking force majeure clauses. This impacts Leicester, as the club relies heavily on King Power’s financial backing—evidenced by £194 million in loans converted to equity to ease debt. However, with King Power’s recovery still shaky, their ability to bankroll Leicester’s losses is questionable.

On the pitch, Leicester’s relegation woes This would be their second drop in three seasons, slashing revenue further (Premier League prize money is worth about £3 million per position). Relegation triggers wage cuts of 35-50% for some players, but the club’s still hamstrung by past big contracts and limited transfer activity due to PSR constraints. Fan frustration is boiling over, with protests planned against the board and director of football Jon Rudkin, signaling a lack of trust in the club’s direction.

A post on X from The Sun Football on June 23, 2025, claimed Leicester’s future is “shrouded in doubt” due to King Power’s potential “total business collapse,” but this seems speculative and unconfirmed by concrete evidence. Still, the sentiment reflects real concerns about the club’s reliance on King Power’s financial health.

So, are they really really in trouble? Yes, they’re in a tight spot—mounting losses, potential points deductions, another likely relegation, and an owner whose financial recovery isn’t guaranteed. However, the club insists their financial position is “secure” thanks to King Power’s commitment, and they’ve avoided immediate PSR sanctions for 2022/23 through a successful appeal. Player sales before June 30 could help balance the books, but without a clear strategy shift, they’re flirting with a cycle of decline. It’s not collapse-level yet, but it’s a high-wire act.

 

So reading into this could Top really be going under and taking us with him or will he do the right thing to save Vichai’s dream and sell the club to someone who could actually make us great again ?

[It'sblueupnorth]

2 hours ago, Sly said:

We owe Mac bank around £130m in loans. 
 

Which coincides roughly with the stock option we have available. Top sells to himself, clears the loans with the cash injection. Then sells the club as debt free basically.

 

We’d need to buy the stadium from KP holdings. I think we owe them £40m balance. 
 

Belvoir Road is valued at £6m. Sell that to offset.

 

It’s doable, however who wants to buy? We are unsustainable in reality. 

There’ll absolutely be somebody. Look at the state Birmingham and Wrexham were in. Birmingham in an arguably worse situation than us now

[Fox92]

2 hours ago, VLC86 said:

 

We aren’t exactly going to be an attractive purchase are we? These Macquary loans will be what buries us.

Clubs in much worse situations than us have been bought before. You only have to look at the mess Birmingham were in.

 

I would imagine any buyer would see we have potential.

[AjcW]

Just in case you're still wondering whether this is serious....

 

Top flew home on Sunday after being in the UK for two months, he's missing the Cowdray Cup Polo starting today that he was scheduled to play in and has been replaced on the team sheet this morning (by the Sultan of Brunei's son.... )

 

 

Edited 24 June 2025 by AjcW

[Sol thewall Bamba]

1 minute ago, Fox92 said:

Clubs in much worse situations than us have been bought before. You only have to look at the mess Birmingham were in.

 

I would imagine any buyer would see we have potential.

Yep. Fanbase has Stockholm Syndrome. 

[Claudio Fannieri]

Will very much depend on the price, if KP /Top place an unrealistic valuation then we will not be an attractive proposition, however if they are sensible and realistic, then absolutely we will be an attractive proposition for investment / new ownership. 

[MattFox]

3 minutes ago, AjcW said:

Just in case you're still wondering whether this is serious....

 

Top flew home on Sunday after being in the UK for two months, he's missing the Cowdray Cup Polo starting today that he was scheduled to play in and has been replaced on the team sheet this morning (by the Sultan of Brunei's son.... )

 

 

Somebody’s probably had a word

 

Playing polo whilst the empire burns isn’t a good look

[Tommy G]

Why are people worried about selling a business with debt 

[Guest Lako42]

I'm actually looking forward to league one. 

[AjcW]

2 minutes ago, MattFox said:

Somebody’s probably had a word

 

Playing polo whilst the empire burns isn’t a good look

Dunno... he's been alright watching the football club burn for a few months  

[5waller5]

7 hours ago, Jon the Hat said:

You can also renegotiate contracts with your main partner, the owner of the airports, who are taking a huge cut of your profits.  Anyone know if they have done that?

Indeed, and that’s exactly what’s led to all the news stories - They’ve fallen behind on the rent and now seek to renegotiate it.