How much money has King Power invested in LCFC?

[DJW1]

I ask because I have no idea.

I think they converted 100 million pounds of debt into equity (I don´t know what that means) and I assume they made net cash investments in the first few years. In the financial year 2014-15, covering our first season back in the PL, LCFC made a profit of around 25 million quid, which presumably went to King Power. Since then things have been a bit up and down, in various ways.

What are the facts?

[Jon the Hat]

The total they loaned to the club and later converted to equity (shares) was 194M.  It means they don't want the money repaid, but leave it in the club.  Obviously if they were to sell the would want it back.

 

The main reason for doing this is loans attract interest and repayment, whereas return on equity is earned as dividends.  If you have a loss making entity and you want to reduce its cost base, converting loans to equity means less interest taken out of the club.  As interest is part of the PSR calculation, this helps us.

[jammie82uk]

King Power’s investment into Leicester City spans several areas:

 

£39m – to purchase the club (2010)

£36m – shareholder investment during 2011–12

£17m – to purchase the stadium (2013)

£103m – debt-to-equity conversion (2013)

£194m – debt-to-equity conversion (2023)

Total disclosed: £389 million

 

[DJW1]

1 hour ago, Jon the Hat said:

The total they loaned to the club and later converted to equity (shares) was 194M.  It means they don't want the money repaid, but leave it in the club.  Obviously if they were to sell the would want it back.

 

The main reason for doing this is loans attract interest and repayment, whereas return on equity is earned as dividends.  If you have a loss making entity and you want to reduce its cost base, converting loans to equity means less interest taken out of the club.  As interest is part of the PSR calculation, this helps us.

Thanks 

[Stadt]

2 hours ago, jammie82uk said:

King Power’s investment into Leicester City spans several areas:

 

£39m – to purchase the club (2010)

£36m – shareholder investment during 2011–12

£17m – to purchase the stadium (2013)

£103m – debt-to-equity conversion (2013)

£194m – debt-to-equity conversion (2023)

Total disclosed: £389 million

 

That's owned by King Power Holdings and was bought from a pension fund so not a direct investment into the club.

[urban.spaceman]

2 hours ago, jammie82uk said:

King Power’s investment into Leicester City spans several areas:

 

£39m – to purchase the club (2010)

£36m – shareholder investment during 2011–12

£17m – to purchase the stadium (2013)

£103m – debt-to-equity conversion (2013)

£194m – debt-to-equity conversion (2023)

Total disclosed: £389 million

 

Does this include stuff like marketing/stadium upgrades and the training ground?

[urban.spaceman]

Just now, urban.spaceman said:

Does this include stuff like marketing/stadium upgrades and the training ground?

PLUS the money put aside for the stadium expansion...

[Globalfox]

The headline numbers are correct but the allocations may not be. The debt to equity conversions are not in King Power but to Aiyawats personal account he owns the shares not King Power the company. Currently King Power the company has no equity in the club. They do have ‘guarantees’ towards ongoing finance access but that’s not backed by equity. May seem subtle but given recent management changes at KP may be important down the road. As it stands King Power the company cannot claim shareholdings in Leicester City Football Club Limited. This is why I say if Top is to sell he will probably want 400 million plus.

[jammie82uk]

7 minutes ago, urban.spaceman said:

Does this include stuff like marketing/stadium upgrades and the training ground?

Yes Seagrave is part of the £194 million 

[mod hero]

How much do we think the club is currently worth? 

[ourla]

Leicester City's enterprise value was estimated by Forbes at $781 million (approximately £630 million) in May 2023.

[AjcW]

33 minutes ago, urban.spaceman said:

Does this include stuff like marketing/stadium upgrades and the training ground?

I imagine if you add up the amount we've spent on marketing the total would be more like..... £389m

[Globalfox]

28 minutes ago, mod hero said:

How much do we think the club is currently worth? 

Any business is only worth what a buyer is prepared to pay. Based on existing revenue which will be around 105 million this season that puts the value around 420 million. That happens to be around the figure it would take to cover Aiyawatts equity write offs. At this moment in time most investors might see that figure as too high unless they were a supporter with deep pockets. As an investor I would be looking to pick the club up at around 280 million to return a margin which is unlikely to tempt Aiyawatt at this time.

[mod hero]

10 minutes ago, Globalfox said:

Any business is only worth what a buyer is prepared to pay. Based on existing revenue which will be around 105 million this season that puts the value around 420 million. That happens to be around the figure it would take to cover Aiyawatts equity write offs. At this moment in time most investors might see that figure as too high unless they were a supporter with deep pockets. As an investor I would be looking to pick the club up at around 280 million to return a margin which is unlikely to tempt Aiyawatt at this time.

Is the price of the squad taken into account? Fatawu and Monga will be worth a few quid.

[urban.spaceman]

39 minutes ago, ourla said:

Leicester City's enterprise value was estimated by Forbes at $781 million (approximately £630 million) in May 2023.

Erm... Forbes.... We've had a slight defenestration since then lads. Might need a recount. 

[DJW1]

4 hours ago, Stadt said:

That's owned by King Power Holdings and was bought from a pension fund so not a direct investment into the club.

I suppose the money KP spent to buy the club went to the previous owner not LCFC. The net investment by KP will be less if they kept the profits (year 2014-15 etc.)

[Ely fox]

£5. 

[HankMarvin]

7 hours ago, Jon the Hat said:

The total they loaned to the club and later converted to equity (shares) was 194M.  It means they don't want the money repaid, but leave it in the club.  Obviously if they were to sell the would want it back.

 

The main reason for doing this is loans attract interest and repayment, whereas return on equity is earned as dividends.  If you have a loss making entity and you want to reduce its cost base, converting loans to equity means less interest taken out of the club.  As interest is part of the PSR calculation, this helps us.

You’re forgetting the others as on Jan 25

 

This latest debt-to-equity conversion takes the Srivaddhanaprabha family’s overall investment during its ownership of Leicester City to over £420m

[Globalfox]

5 hours ago, mod hero said:

Is the price of the squad taken into account? Fatawu and Monga will be worth a few quid.

To some degree players are depreciating assets based on remaining contract. It’s revenue that plays a bigger part. Leicesters current squad is not worth as much as supporters may think.

[Spanner73]

I don’t really care

I just want them to just go !!! 

Please get out of our football club and give us a fresh start. 

They are a Black cloud of misery over this club and I really don’t know how bad it has to get before fans open their eyes and see the reality and truth happening before them. 

[HankMarvin]

18 minutes ago, Spanner73 said:

I don’t really care

I just want them to just go !!! 

Please get out of our football club and give us a fresh start. 

They are a Black cloud of misery over this club and I really don’t know how bad it has to get before fans open their eyes and see the reality and truth happening before them. 

Like when the Jack Walker trust sold Blackburn to the Venkys,

except they were an established prem team for 10 years prior.

 

 

The grass isn’t always greener.

 

The first port of call should a board reshuffle and a competent DOF

Edited 3 September 2025 by HankMarvin

[gurru991]

3 hours ago, Spanner73 said:

I don’t really care

I just want them to just go !!! 

Please get out of our football club and give us a fresh start. 

They are a Black cloud of misery over this club and I really don’t know how bad it has to get before fans open their eyes and see the reality and truth happening before them. 

Be careful what you wish for... American owners who want to suck the club dry ...ie Glazers

[Spanner73]

8 hours ago, HankMarvin said:

Like when the Jack Walker trust sold Blackburn to the Venkys,

except they were an established prem team for 10 years prior.

 

 

The grass isn’t always greener.

 

The first port of call should a board reshuffle and a competent DOF

Financially this club was better off under Shipman, we didn’t have anything and sold everything we had but the club was stable and run well. 
 

As for the latter we’re still waiting and it’ll never happen in a million years, so he should sell the guy hasn’t been interested for years 

 

Just sell up 

[Spanner73]

6 hours ago, gurru991 said:

Be careful what you wish for... American owners who want to suck the club dry ...ie Glazers

To be worse than we are now  ? 
It would have to be bad 

[Foxmeister]

6 minutes ago, Spanner73 said:

To be worse than we are now  ? 
It would have to be bad 

It might feel that way but we’re actually roughly where we’ve been for most of our history I.e. a yoyo club.