Leicester City For Sale (Ongoing Thread)

[Lineker's Left Foot]

Talking about Todd Boehly, there’s talk from one of the Leuven fans on their thread in this forum,  that according to a very reliable source, Boehly is interested in purchasing us.

[Tommy G]

5 minutes ago, Lineker's Left Foot said:

Talking about Todd Boehly, there’s talk from one of the Leuven fans on their thread in this forum,  that according to a very reliable source, Boehly is interested in purchasing us.

Flogging his stake in Chelski 

[Ric Flair]

Bottom line is, if you own Leicester City in the present day you can't magic up overnight the short fall in income and expenditure. 

 

A good chunk of our debt is leveraged up on the diminishing future income we are to receive from parachute payments and players we've sold so whilst not a huge unaccounted risk it also doesn't cover future costs we may incur which we undoubtedly will. 

 

So you best be willing to front up the tens of millions over whatever period to bridge that gap before we a) increase revenue both football wise and commercially and/or b) get sporting achievement that naturally brings an increase in revenue that might negate the need for owner injection. 

 

Whilst i'm biased about Charlie Methven being an expert, I think he's right that any prospective new owner could say club is worth x but 2 years worth of propping up the club is worth y and deduct that off the asking price and see who blinks first.

[Winstonthedog]

2 hours ago, poppowell said:

Maybe we could get the Women doing the dinners and cleaning ?

Wow ... your now in a  world of sh1t with that statement 

[Stadt]

Any savvy buyer would wait for the inflection point of KP feeling the maximum ongoing burden, having little other interest from buyers and the desperation to sell peaking.

 

The asking price will have to drop, if they don’t accept a realistic asking price it’s either stump or more cash (they can’t) or administration eventually.

 

A prospective buyer can wait it out as tentative the leverage, although you’d want to buy whilst we still look like we have a lot of young prospects, so this season rather than next.

[AyewJoking]

48 minutes ago, Lineker's Left Foot said:

Talking about Todd Boehly, there’s talk from one of the Leuven fans on their thread in this forum,  that according to a very reliable source, Boehly is interested in purchasing us.

Buying us then selling to Mike Ashley in a PSR loop hole

[john ridley]

I think in the end Top and KP will walk away  with very little considering  what they've  spent and wrote  off over the years Surprised Rudkin can sleep at night knowing him and Top have cost kingpower hundreds  of millions  of pounds down the drain .

.

[jammie82uk]

2 hours ago, Juan Carrito said:

Those are figures at the end of the 24/25 season. 53mn of the transfer fees were current payables (ie will have been paid in the 12 months following), I would imagine a good chunk of the balance was payable this summer so that should be massively reduced given limited actual purchases since then.

 

The Macquarie debt is mostly transfer/parachute receivables so as long as the PL or buying clubs don't default will be repaid directly by them. KP amounts will be factored into any sale price and the balance isn't material.

 

I don't think debt is the issue here, it's lack of income to fund day to day running costs over the next season or so and whether  we have an ownership prepared to accept their trophy asset is worth a lot less than they'd like (especially as they're not selling from a position of strength).

 

 

 

 

Yes correct I did cover that by saying they should be lower in the next report. Was just keeping it short and answering the question posed 

[jammie82uk]

1 hour ago, Tommy G said:

The main quibble on here is quoting accounts that are now more than 12 months out of date. 

Until the new accounts are available then what else are people supposed to quote? 

[Miquel The Work Geordie]

I'd rather the club ceased to exist than be owned by an American called Todd 

[Lillehamring]

2 hours ago, grth2004 said:

We’re in debt , debatable how much but we’re definitely in Debt 

then we have a huge lack of income which causes more Debt. 
Plus players still at the club on high wages for a League One Club. 
 

= Debt - which is an issue 

 

am I wrong with this analysis?

Am i right in thinking, though, that every club is in debt - even clubs that are sold?

I assume anyone who buys a football club is expecting the club to lose money, and that the value to them is made elsewhere.

[Lillehamring]

31 minutes ago, john ridley said:

I think in the end Top and KP will walk away  with very little considering  what they've  spent and wrote  off over the years Surprised Rudkin can sleep at night knowing him and Top have cost kingpower hundreds  of millions  of pounds down the drain .

.

Which i'm sure they would rather not have done - but, thanks to 2015/16, it's probably raised the profile of their business significantly enough for it to be considered a successful investment....

[Lambert09]

1 hour ago, Lineker's Left Foot said:

Talking about Todd Boehly, there’s talk from one of the Leuven fans on their thread in this forum,  that according to a very reliable source, Boehly is interested in purchasing us.

Seeing as Boehly essentially requested Strasburg stop trying to make champions league because Chelsea were looking to make it… I’d probably guess this is bad news for us. He would use us as a farm but never let us get to where we’d love to be again. 

[Sankey93]

44 minutes ago, Lambert09 said:

Seeing as Boehly essentially requested Strasburg stop trying to make champions league because Chelsea were looking to make it… I’d probably guess this is bad news for us. He would use us as a farm but never let us get to where we’d love to be again. 

If Todd Boehly sells his stake, he would no longer have a personal ownership connection to Racing Club de Strasbourg Alsace, because Strasbourg is owned by BlueCo—the multi-club holding consortium created jointly by the Boehly-led group and Clearlake Capital. Selling his stake in the parent investment structure ends his tie to the network

[Trav Le Bleu]

5 hours ago, WhatTheFox said:

By this metric Jason Derulo is about 8x as valuable as Leicester City, I wonder if he could be a potential buyer.

 

[Lambert09]

2 hours ago, Sankey93 said:

If Todd Boehly sells his stake, he would no longer have a personal ownership connection to Racing Club de Strasbourg Alsace, because Strasbourg is owned by BlueCo—the multi-club holding consortium created jointly by the Boehly-led group and Clearlake Capital. Selling his stake in the parent investment structure ends his tie to the network

I think it’s more that he is known to have clubs as pure feeders. It doesn’t look clean cut at all. If he sells, it’s because they’ve faked the value of the club. It’s a very good deal for him… which likely means there’s more to it than meets the eye. If he uses the overly inflated fee to purchase us… I wouldn’t be surprised at all if he is still in cahoots with Chelsea. Cheap sales, loans and sales for unwanted shit. We could be on the hook to never grow because anything worth having they will take for shit value. 
 

Best case is that he hates them and just wants out and would actually be a good move for us. 

Edited 19 August by Lambert09

[CosbehFox]

5 hours ago, Juan Carrito said:

Those are figures at the end of the 24/25 season. 53mn of the transfer fees were current payables (ie will have been paid in the 12 months following), I would imagine a good chunk of the balance was payable this summer so that should be massively reduced given limited actual purchases since then.

 

The Macquarie debt is mostly transfer/parachute receivables so as long as the PL or buying clubs don't default will be repaid directly by them. KP amounts will be factored into any sale price and the balance isn't material.

 

I don't think debt is the issue here, it's lack of income to fund day to day running costs over the next season or so and whether  we have an ownership prepared to accept their trophy asset is worth a lot less than they'd like (especially as they're not selling from a position of strength).

 

 

 

 

Best summary yet 

[Sly]

7 hours ago, Stadt said:

Any savvy buyer would wait for the inflection point of KP feeling the maximum ongoing burden, having little other interest from buyers and the desperation to sell peaking.

 

The asking price will have to drop, if they don’t accept a realistic asking price it’s either stump or more cash (they can’t) or administration eventually.

 

A prospective buyer can wait it out as tentative the leverage, although you’d want to buy whilst we still look like we have a lot of young prospects, so this season rather than next.

Apparently the realistic asking price they want is closer to £150m. Which to me, still feels astronomical. 
 

I guess we don’t really know, until someone sees the books. 

[Claudio Fannieri]

31 minutes ago, Sly said:

Apparently the realistic asking price they want is closer to £150m. Which to me, still feels astronomical. 
 

I guess we don’t really know, until someone sees the books. 

It does seem high for a league one club, however we also have to consider that it does also include Leuven. 

[hackneyfox]

42 minutes ago, Claudio Fannieri said:

It does seem high for a league one club, however we also have to consider that it does also include Leuven. 

It includes a bigger and better training centre and ground which no other league one club has.

[Chelmofox]

7 hours ago, Lambert09 said:

Seeing as Boehly essentially requested Strasburg stop trying to make champions league because Chelsea were looking to make it… I’d probably guess this is bad news for us. He would use us as a farm but never let us get to where we’d love to be again. 

Worrying about champions league football is all rather sweet. 

[Juan Carrito]

1 hour ago, Sly said:

Apparently the realistic asking price they want is closer to £150m. Which to me, still feels astronomical. 
 

I guess we don’t really know, until someone sees the books. 

It feels unrealistically high to me and I can't see how they're arriving at that figure. The values for Seagrave etc. in the teaser brochure are based on depreciated replacement cost which, whilst I get why they've picked it, doesn't seem relevant for how a Buyer would value them so prob not a great proxy.

 

If Citi get anything close to 150mn KP should make sure that they get given free Chang/coconuts for life.

 

 

[Juan Carrito]

26 minutes ago, hackneyfox said:

It includes a bigger and better training centre and ground which no other league one club has.

That's a potential benefit a few years down the line, but the training ground's operating costs materially increase the losses you have to cover for the first few years so probably drive down the price you'd be willing to pay now?

[Pliskin]

I think we will end up with US owner. They’re probably the only people willing to take the risk…. Especially with Wrexham and Birmingham being taken over…… we’re still a great pin up for a business and they love a Cinderella story in the states…..

 

Bring on the Leicester blue foxes!

[st albans fox]

31 minutes ago, hackneyfox said:

It includes a bigger and better training centre and ground which no other league one club has.

I remember when Charlton had a stadium with a capacity of 70k whilst they were floundering in the third/fourth tier.  Theoretically they had a large potential income.  In reality the stadium was 80% empty each week. 

 

In the accounts, an asset is what you (the auditor) values it at

in the reality of our situation, an asset is worth what someone would actually pay for it  

 

hence the reason we need a person/group who has so much money that these things don’t matter to them. They want to buy Leicester city !

Edited 19 August by st albans fox