Potential Takeover?

[MPH]

Leicester city Red Bull anyone?

 

 

 

 
 

 

[Pita]

5 hours ago, Sly said:

To asset strip what’s left. 

Not much left 

[Spanner73]

If this is true it’ll be the best news in years 

[Headcase]

15 hours ago, Jacob7839 said:

This is the first actual rumor we’ve heard about good stuff

Im not sure how somebody owning all our assets...is good, if you want to buy the club buy it fully, 

When you buy assets like stadiums and training facilities, its a money grab, you know the club need a cash injection, so you buy assets and then hold them to ransom, 

I dont see anything positive coming from this, and stinks of bad business acumen "AGAIN"

[Sly]

6 hours ago, Pita said:

Not much left 

It could make us a lot worse though. 

 

If you ignore that the ground is on hire purchase from King Power Holdings, you’d have:

 

Stadium

Training ground

Additional Land purchased

Academy players

Offloading first team players

Maintenance at a minimal until stuff is sold etc

 

It could be the pits and turn into a Sheffield Wednesday situation.

Edited 25 May by Sly

[Sly]

4 hours ago, Headcase said:

Im not sure how somebody owning all our assets...is good, if you want to buy the club buy it fully, 

When you buy assets like stadiums and training facilities, its a money grab, you know the club need a cash injection, so you buy assets and then hold them to ransom, 

I dont see anything positive coming from this, and stinks of bad business acumen "AGAIN"

Realistic view is it’s additional investment from an outside financier. 
 

King Power Holdings already own the stadium. The club have that on a hire purchase agreement, so we are efficiently paying rent to use it. 
 

Of they did the same with the training ground and sold it for “x” millions, that would give the club / king power a cash injection but then they’d be paying rent to use it. Depends on what the book value of Seagrave is Vs the fair market assessment. I’m not entirely sure if this is even permissible under the new finance laws now. 

 

Knowing our looking, the Leicestershire based property companies looking to invest is King Power Holdings. 
 

 

[VintageFox73]

Coombs Bakery ..free cream doughnuts .... gerrem in !

[Paninistickers]

6 hours ago, Headcase said:

Im not sure how somebody owning all our assets...is good, if you want to buy the club buy it fully, 

When you buy assets like stadiums and training facilities, its a money grab, you know the club need a cash injection, so you buy assets and then hold them to ransom, 

I dont see anything positive coming from this, and stinks of bad business acumen "AGAIN"

I'd suggest that's exactly what KP are already doing. 

 

The tactic years ago to uncouple the club from any physical assets, was, in business terms, pretty shrewd. 

 

 

 

[mazarron fox]

No business or investment company or group will touch us with a barge pole whilst Top and Rudkin are at the helm. LCFC is one of the biggest corporate failures in not only the football world but generally. The difference with this and other failing businesses is the perpetrators of the failure are still calling the shots. Until they have been removed / walked it will be a lot more pain and eventual total collapse.

[Wsl]

23 minutes ago, Paninistickers said:

I'd suggest that's exactly what KP are already doing. 

 

The tactic years ago to uncouple the club from any physical assets, was, in business terms, pretty shrewd. 

 

 

 

It's what nearly killed Coventry - years of dealing with multiple stadium owners, rent disputes, having to borrow Northampton and Birmingham's stadiums. And it's why no good ownership of LCFC will work without the club + ground package. Forget the training facilities. Can't be a coincidence that Coventry are doing so well under the kind of ownership that meant the club owned its own ground. It's this disconnect that worries me most about LCFC's future. It looks ripe for asset stripping, and if that happens, the club's gone. I was always amazed that Coventry survived at all.

[VLC86]

6 hours ago, Headcase said:

Im not sure how somebody owning all our assets...is good, if you want to buy the club buy it fully, 

When you buy assets like stadiums and training facilities, its a money grab, you know the club need a cash injection, so you buy assets and then hold them to ransom, 

I dont see anything positive coming from this, and stinks of bad business acumen "AGAIN"

Completely agree with this.

 

This is the next stage of the payday loan scenario unless the buyers plan to buy the whole club. Banks won’t lend us the money, Top doesn’t want to reach into his own pockets to resolve the situation, he’s been removed from the top job in KP so he can’t sanction them giving us the money, they probably don’t have the money, so he’s selling off our 2 main assets as the only way to keep the club afloat for the next year or so.

 

What happens when we’ve burnt through that money as we aren’t back in the Premier League? If we get back to the Premier League, how much does it cost us further down the line to buy these assets back? As far as club value,  how much is a debt ridden club in league 1 worth that doesn’t own its stadium or training ground? Spoiler, that last one is **** all.

 

 

[VLC86]

38 minutes ago, Paninistickers said:

I'd suggest that's exactly what KP are already doing. 

 

The tactic years ago to uncouple the club from any physical assets, was, in business terms, pretty shrewd. 

 

 

 

It’s only shrewd if the proceeds go into genuine investment in rebuilding the club, this will end up just being to service debts unless we get the squad rebuild right.

[Stavros81]

Pukka Pies anyone 🥧

[fox_favourite]

23 minutes ago, Stavros81 said:

Pukka Pies anyone 🥧

Puki pies 

[mozartfox]

So what is the value of the Club now in League 1?   Suspect our Debt ratio is higher than any new perceived value, so are we technically going into administration?  Rudkin has done a good number on us all. 

[Vestan Pance]

38 minutes ago, mozartfox said:

So what is the value of the Club now in League 1?   Suspect our Debt ratio is higher than any new perceived value, so are we technically going into administration?  Rudkin has done a good number on us all. 

The club is effectively trading whilst insolvent, but as long as the directors continue to sign off the accounts, and the cashflow to meet the day to day bills is somehow found, then nothing will change.

 

The crunch comes when the debts aren't payed, which unless we see outside investment, or Top puts his mitt in his pocket, will happen soon.

Edited 25 May by Vestan Pance

[Wsl]

34 minutes ago, mozartfox said:

So what is the value of the Club now in League 1?   Suspect our Debt ratio is higher than any new perceived value, so are we technically going into administration?  Rudkin has done a good number on us all. 

The only example I can think of that's similar is Coventry. It's not been disclosed how much was paid for the actual club. The stadium cost around 50 million, leaving Ashley (how paid around 15 million for it out of administration with a nice 30 million profit). But he'd have cleared the debts of around 60 million and then some more cash to recapitalise it. But our debt is way higher. So while there's a lot of talk of a takeover, I am genuinely struggling to think why we would be attractive on a buyout, or why any one would want to invest money in at this point. Unless the ground is part of the package, it would be madness to invest in. So I can only think that it must be a package deal to have any legs.

[VLC86]

3 hours ago, VLC86 said:

Completely agree with this.

 

This is the next stage of the payday loan scenario unless the buyers plan to buy the whole club. Banks won’t lend us the money, Top doesn’t want to reach into his own pockets to resolve the situation, he’s been removed from the top job in KP so he can’t sanction them giving us the money, they probably don’t have the money, so he’s selling off our 2 main assets as the only way to keep the club afloat for the next year or so.

 

What happens when we’ve burnt through that money as we aren’t back in the Premier League? If we get back to the Premier League, how much does it cost us further down the line to buy these assets back? As far as club value,  how much is a debt ridden club in league 1 worth that doesn’t own its stadium or training ground? Spoiler, that last one is **** all.

 

 

The more I think about this, the more I think it’s actually the only option and the final gamble and I guess the issue isn’t doing this, it’s the actions that have led to this being the only way to raise the money we need. Grim.

[sylofox]

I personally don't believe this is true or real. Nothing will ever change until we've been in administration.

 

Sounds to me like a Top Rudkin scam.

 

It's the usual bollox to deflect from the truth.

 

The sooner these two ****s have gone I can believe in my club again.

 

Other than day date and time I believe fvck all about our club atm.

[Finnegan]

17 hours ago, Lineker's Left Foot said:

Aren’t they restricted by PSR and can’t go on a limitless spending spree? 
 

If they could, they’d blow everyone out of the water as they’re basically backed by Saudi Arabia.

 

Saudi Arabia look like they're taking a step back somewhat from their sportswashing policy. They claim the war in Iran has forced them to reevaluate their priorities. I did think when they took over Newcastle it was only a matter of time before they won something. But they don't seem mega bothered. 

 

[Sol thewall Bamba]

21 hours ago, Pita said:

Why would anyone want to buy a rundown club like ours 

We have to be the most self deprecating fan base in world football. We're the 6th most successful club in the country this century ffs and people go on like we're Burton Albion.

[HankMarvin]

Title should be changed to investment 

[Tommy G]

2 hours ago, Vestan Pance said:

The club is effectively trading whilst insolvent, but as long as the directors continue to sign off the accounts, and the cashflow to meet the day to day bills is somehow found, then nothing will change.

 

The crunch comes when the debts aren't payed, which unless we see outside investment, or Top puts his mitt in his pocket, will happen soon.

Well it will be the auditors too - and they have to be convinced it’s a going concern 

[john ridley]

1 hour ago, Sol thewall Bamba said:

We have to be the most self deprecating fan base in world football. We're the 6th most successful club in the country this century ffs and people go on like we're Burton Albion.

Well we're in the same league with possibly  a worst team .

[tcrofts]

7 hours ago, VintageFox73 said:

Coombs Bakery ..free cream doughnuts .... gerrem in !

Im quite partial to a cream horn