Potential Takeover?

[Gunnlaugson's Rizlas]

10 minutes ago, kingfox said:

Heard it’s a consortium led by the 20 owners of Turkish barbers on Narborough Road.

The local mogul behind the Maryland chicken empire must surely have deep pockets. Gerrim in. 

[Paninistickers]

All the clues and financial data point to the fact that the club needs 100m or so deposited as cash just to stay alive for the next two seasons. 

 

Anyone sinking that much in will want equity. If not the entire club. 

 

The flip side is, the current owners get nada if that was the deal. It would be KP giving away the club for free and having no return on the hundreds of millions they sunk in between 2012 and 2019. 

 

I can't see it. Maybe the only viable deal I could see is performance based; new investors get full control of the club in two years if we flat line in league one, or if KP managed to turn it around, KP keep their shares and the investors remain with a partial stake. 

 

 

 

 

 

 

[Lineker's Left Foot]

16 minutes ago, Vindaloo FOX said:

It says local consortium, Frasers Group are based in Derbyshire, so if they mean local as Midlands then it could well be them.

Oh right 

[Stadt]

3 minutes ago, Paninistickers said:

All the clues and financial data point to the fact that the club needs 100m or so deposited as cash just to stay alive for the next two seasons. 

 

Anyone sinking that much in will want equity. If not the entire club. 

 

The flip side is, the current owners get nada if that was the deal. It would be KP giving away the club for free and having no return on the hundreds of millions they sunk in between 2012 and 2019. 

 

I can't see it. Maybe the only viable deal I could see is performance based; new investors get full control of the club in two years if we flat line in league one, or if KP managed to turn it around, KP keep their shares and the investors remain with a partial stake. 

 

 

 

 

 

 

The only hope I’m holding out is they’re liquidating their assets in boats/planes etc. Chansiri’s negligence/belligerence will alerted the Thai Regime to financial catastrophe of admin and receiving pennies on the pound. The less thick/obtuse family and advisors will see what’s coming - like ex airport authority chief exec.

 

Getting out now for some notional £30m sale whilst retaining the ground/Seagrave stage manages a less embarrassing exit, it’s a greater Loss of Face™️to be forced out through admin.

[Paninistickers]

1 minute ago, Stadt said:

The only hope I’m holding out is they’re liquidating their assets in boats/planes etc. Chansiri’s negligence/belligerence will alerted the Thai Regime to financial catastrophe of admin and receiving pennies on the pound. The less thick/obtuse family and advisors will see what’s coming - like ex airport authority chief exec.

 

Getting out now for some notional £30m sale whilst retaining the ground/Seagrave stage manages a less embarrassing exit, it’s a greater Loss of Face™️to be forced out through admin.

I get the logic but I still can't see it.

 

A 'local consortium' ain't gonna have 100m knocking about in spare cash. The only way out of this mess is a leveraged buy out. Which would involve KP opening the books. Hmmmmm....

 

I wouldn't entirely rule out KP choosing administration over opening the books. A Pandora's box if ever there was one. 

[HankMarvin]

So it’s not a full take over its rumoured investment which could lead to a full takeover in the future.

 

A consortium seeking control of key infrastructure, with links to the property sector.

 

If it goes tits up in future they can have some nice shiny flats built on Seagrave

Edited 24 May by HankMarvin

[st albans fox]

1 hour ago, Stadt said:

Anybody sane wouldn’t take up a minority ownership position up with a liability like Top involved. Taking on a hell of a lot of risk for what reward?

 

21 minutes ago, LCFCCHRIS said:

Why would they buy the stadium and training ground but not have a majority stake? 

If there’s anything in this then my guess would be that king power cannot finance season 2 if we don’t bounce back.  And even then, no para payment in the championship will be unworkable with our overheads. 
 

so the club may be looking for investment and a local consortium would be more likely to be relaxed on controlling ownership. Hence they take the stadium and training ground as security against their investment. 
 

if it happens then it’s possibly just trying to put more fingers in the holes as they appear in the dyke. papering over the cracks rather than fundamentally changing anything. 

Edited 24 May by st albans fox

[davieG]

Whatever it ends up being I doubt we'd get much if any info on it. It'll be some vague business statement.

[Ric Flair]

1 hour ago, Nolucklcfc said:

@Ric Flair 

Yes, we were told this by one of the most well respected people involved in football. Local businessmen interested in buying us and were flatly told no. Whether it's them again and the stance has softened...

[Foxin_Mad]

20 minutes ago, Paninistickers said:

All the clues and financial data point to the fact that the club needs 100m or so deposited as cash just to stay alive for the next two seasons. 

 

Anyone sinking that much in will want equity. If not the entire club. 

 

The flip side is, the current owners get nada if that was the deal. It would be KP giving away the club for free and having no return on the hundreds of millions they sunk in between 2012 and 2019. 

 

I can't see it. Maybe the only viable deal I could see is performance based; new investors get full control of the club in two years if we flat line in league one, or if KP managed to turn it around, KP keep their shares and the investors remain with a partial stake. 

 

 

 

 

 

 

I wonder though if it’s a way to get out with no more costs and no more shame on the family, they might take the hit? Currently it’s awful from a PR perspective. Other than blind luck employing a good manager this time I don’t think they have the skills to ever return us to being a premier league or even top level championship club, with them in charge there is a real possibility the drop continues and the club is league 2 next summer, worth even less, it might be an out before they sink even more in, which they have to do to stay in it, 

[MattFox]

Really can’t see KP letting a minority investor from the UK having visibility of all their weird financial shenanigans 

 

Bc Game anyone

 

If there’s a minority investor it’ll be Asian 

[Paninistickers]

3 minutes ago, MattFox said:

Really can’t see KP letting a minority investor from the UK having visibility of all their weird financial shenanigans 

 

Bc Game anyone

 

If there’s a minority investor it’ll be Asian 

100% this 

[Wymsey]

Really can't see it being Dunelm, Next, Walkers/Pepsico or Marks Electrical (the latter company expanding massively in recent times).

 

So wouldn't be surprised if it's to do with Mike Ashley, as he was interested in buying Coventry.

Edited 24 May by Wymsey

[HankMarvin]

Just now, Wymsey said:

Really can't see it being Dunelm, Next, Walkers/Pepsico or Marks Electrical (the ladder company expanding massively in recent times).

 

So wouldn't be surprised if it's to do with Mike Ashley, as he was interested in buying Coventry.

“Strong links to the property sector”

[Wymsey]

Just now, HankMarvin said:

“Strong links to the property sector”

David Wilson Homes?

[Stadt]

11 minutes ago, st albans fox said:

 

If there’s anything in this then my guess would be that king power cannot finance season 2 if we don’t bounce back.  And even then, no para payment in the championship will be unworkable with our overheads. 
 

so the club may be looking for investment and a local consortium would be more likely to be relaxed on controlling ownership. Hence they take the stadium and training ground as security against their investment. 
 

if it happens then it’s possibly just trying to put more fingers in the holes as they appear in the dyke. papering over the cracks rather than fundamentally changing anything. 

The training ground and stadium aren’t great collateral though because besides the land they’re awkward assets without tennants.

 

If we don’t go up, there’s very few players left to sell for a fee any minority shareholder are then deep into a club with a huge insolvency risk - unless they put lots of cash in. 
 

The savvy thing (at least in my view, unsurprisingly I’ve never purchased a multi million pound asset) would be to wait for admin if you were a buyer 

[MattFox]

2 minutes ago, Wymsey said:

Really can't see it being Dunelm, Next, Walkers/Pepsico or Marks Electrical (the latter company expanding massively in recent times).

 

So wouldn't be surprised if it's to do with Mike Ashley, as he was interested in buying Coventry.

Marks Electrical are part owned by Frasers/Ashley now

[Claudio Fannieri]

7 minutes ago, Ric Flair said:

Yes, we were told this by one of the most well respected people involved in football. Local businessmen interested in buying us and were flatly told no. Whether it's them again and the stance has softened...

Would not be shocked if stance has softened, we are so far away from the premier league and it does make you wonder if Aiyawatt and KP have decided enough is enough. 
 

The kudos of playing the likes of Liverpool, Arsenal, Man City etc is a distant memory and there will be little to no interest in us playing the likes of Bromley, Barnsley, Mansfield, Leyton Orient etc. 

 

Given Top has been less and less visible at the club, I don’t believe there is even the emotional connection any more, I know people reference it’s where Vichai passed but if anything I would say that must be harder to see and visit each time. 
 

I am hopeful that this is the beginning of what will be a brighter future and the start of some meaningful change over the next couple of years.

[Ted Maul]

40 minutes ago, LCFCCHRIS said:

Why would they buy the stadium and training ground but not have a majority stake? 

Money back into the KP coffers? Most reports suggest they're struggling financially. 

[st albans fox]

Just now, Stadt said:

The training ground and stadium aren’t great collateral though because besides the land they’re awkward assets without tennants.

 

If we don’t go up, there’s very few players left to sell for a fee any minority shareholder are then deep into a club with a huge insolvency risk - unless they put lots of cash in. 
 

The savvy thing (at least in my view, unsurprisingly I’ve never purchased a multi million pound asset) would be to wait for admin if you were a buyer 

The training ground must have a value circa £30m.

you could make it into a 5 star hotel and also have all clubs playing at forest and villa (and some at derby) staying there with those facilities. 
 

the stadium is surely worth a similar figure. 
 

so you could invest £60m cash with those assets as security or straight take ownership of them if you wanted to force a deal where you took some equity in addition to the assets. 

 .  

[HankMarvin]

1 minute ago, Claudio Fannieri said:

I don’t believe there is even the emotional connection any more, I know people reference it’s where Vichai passed but if anything I would say that must be harder to see and visit each time

This was only 4 months ago 

 

Their current plight has increased calls for Srivaddhanaprabha to sell the club, but he insists there are no plans to move aside.

 

“I think on the first day I came in with my father [in August 2012] and we built plans, we loved football and we loved the club. I still feel every bit the same. I’m very passionate about football and I said in my first interview, when I was 25, that I wanted to be in this for the long term. Selling the club is not the way to exit anyway.

 

“I have to make sure that I complete everything that I did here before I want to leave. Now I need to make sure the club is in a good place. I still love it here, I want to make sure the club is being successful again.”

[davieG]

2 minutes ago, st albans fox said:

The training ground must have a value circa £30m.

you could make it into a 5 star hotel and also have all clubs playing at forest and villa (and some at derby) staying there with those facilities. 
 

the stadium is surely worth a similar figure. 
 

so you could invest £60m cash with those assets as security or straight take ownership of them if you wanted to force a deal where you took some equity in addition to the assets. 

 .  

Is the stadium worth anything other than as a stadium. Didn't the FT get some sort of use clause in it.

[TheUltimateWinner]

There was always a rumour that Ashley used to own certain high streets in Leicestershire 

[Stadt]

3 minutes ago, st albans fox said:

The training ground must have a value circa £30m.

you could make it into a 5 star hotel and also have all clubs playing at forest and villa (and some at derby) staying there with those facilities. 
 

the stadium is surely worth a similar figure. 
 

so you could invest £60m cash with those assets as security or straight take ownership of them if you wanted to force a deal where you took some equity in addition to the assets. 

 .  

The occupancy rate for a 5 star hotel wouldn’t be great and teams playing away at  Villa would stay in Birmingham rather than being an hour away.

 

The stadium is worth that only if you have a tenant (i.e LCFC) so to maintain the asset you’d need to spend £40m p/a to keep the club alive to protect a £30m asset 

[kenny]

1 hour ago, fox_favourite said:

John Blood stadium....Sod it...I'm in 

 

Or other property Leicester company that I can think of is 

 

Jelson homes stadium. 

We are an underrated county in fairness.

 

Next

Dunelm

Breedon

Bloor

Davidsons

Barrats/dwh

Sytner

Holcim

Samworth

Boden

Topps

Ibstock plc

 

There are plenty of businesses that can afford the club particularly at the moment with low ball offers incoming.