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Oadby Fox

Vichai Raksriaksorn reaffirmed his commitment to LCFC

By Oadby Fox, in Leicester City Forum

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Jace

Jace

Posted
Posted

I bet they are with the new Premiership television rights deal starting from next season increasing clubs revenue by upto 70% :D These guys got far too much stick last season we would be a right mess without investors like them

dmayne7

dmayne7

Posted
Posted

I don't think it needed saying, but I'm glad he did.

This, although I think the last bit showed that they actually do care and understand football

cc_star

cc_star

Posted
Posted

I bet they are with the new Premiership television rights deal starting from next season increasing clubs revenue by upto 70% :D These guys got far too much stick last season we would be a right mess without investors like them

What are you talking about?

They haven't invested anything... The club owes them something like £50m+

If there ever is a 'right mess' they'll be the reason for it, with their badly misjudged attempt to buy the division over 2 dire seasons.

Anyway, they appear to have learned their lessons so all will be well as long as we get promoted over next season or two... beyond that & the debt will be a huge drag on fincances.

MattyFromLE

MattyFromLE

Posted
Posted

What are you talking about?

They haven't invested anything... The club owes them something like £50m+

If there ever is a 'right mess' they'll be the reason for it, with their badly misjudged attempt to buy the division over 2 dire seasons.

Sorry, that would have been Sven, throwing our money at mediocre players? I don't think Top or his dad made these signings, they merely trusted a manager with their money.

Captain...

Captain...

Posted
Posted

What are you talking about?

They haven't invested anything... The club owes them something like £50m+

If there ever is a 'right mess' they'll be the reason for it, with their badly misjudged attempt to buy the division over 2 dire seasons.

Anyway, they appear to have learned their lessons so all will be well as long as we get promoted over next season or two... beyond that & the debt will be a huge drag on fincances.

They have invested a lot and the club owes them money, not sure if £50m is the right amount, but those loans have been on top of substantial investment.

cc_star

cc_star

Posted
Posted

They have invested a lot and the club owes them money, not sure if £50m is the right amount, but those loans have been on top of substantial investment.

It was all published, it's around there

This investment everyone talks about is simply the clubs future earnings, so ticket sales & TV revenues etc

It's not some kind of free lunch everyone acts like it is

The bright note is that they seem to have their head screwed on now & they're happy to keep under-writing their 2 season error means there's no cause for concern

The only feasible way of paying it off though is promotion to the Prem, but people should realise there's a chance they've bet the future of our club on doing so... (as indeed most debt ridden clubs have)

Jace

Jace

Posted
Posted

What are you talking about?

They haven't invested anything... The club owes them something like £50m+

If there ever is a 'right mess' they'll be the reason for it, with their badly misjudged attempt to buy the division over 2 dire seasons.

Anyway, they appear to have learned their lessons so all will be well as long as we get promoted over next season or two... beyond that & the debt will be a huge drag on fincances.

And how much would the club have owed to HMRC in capital gains tax if they had transfered the capital from their own pockets into the club accounts instead of loaning the money legitimately?

Aeropars

Aeropars

Posted
Posted

For christs sake.. I wish people would stop talking about stuff that they don't know full details of. In a nutshell, the owners cannot take money out of their own pocket and just give it to the club. For legal and tax purposes it has to be offset somehow and in this instance, its done in the form of a loan.

Stop worrying about the parent "loans" and just enjoy the football.

Jace

Jace

Posted
Posted

For christs sake.. I wish people would stop talking about stuff that they don't know full details of. In a nutshell, the owners cannot take money out of their own pocket and just give it to the club. For legal and tax purposes it has to be offset somehow and in this instance, its done in the form of a loan.

Stop worrying about the parent "loans" and just enjoy the football.

Can we be mates?

Happy Fox

Happy Fox

Posted
Posted

For christs sake.. I wish people would stop talking about stuff that they don't know full details of. In a nutshell, the owners cannot take money out of their own pocket and just give it to the club. For legal and tax purposes it has to be offset somehow and in this instance, its done in the form of a loan.

Stop worrying about the parent "loans" and just enjoy the football.

What is the reason for this just curious?

Jace

Jace

Posted
Posted

What is the reason for this just curious?

Because the club can't just recieve a massive lump sum ammount of money without it being subject to tax

Captain...

Captain...

Posted
Posted

Because the club can't just recieve a massive lump sum ammount of money without it being subject to tax

And by offsetting the loan against profit we are probably paying very little in tax, certainly much less than we would if it was counted as a club asset.

Not that I agree with this sort of thing (unless it benefits me obviously).

Also it is against the rules to just dump money into a club from nowhere, I think this came in before FFP to stop clubs like Man City just buying the league, well delay them by a couple of seasons anyway.

I am sure I read that they do invest a certain amount each year, on top of loans and sponsorship deals, but in line with what they are permitted to do.

Jace

Jace

Posted
Posted

And by offsetting the loan against profit we are probably paying very little in tax, certainly much less than we would if it was counted as a club asset.

Not that I agree with this sort of thing (unless it benefits me obviously).

Also it is against the rules to just dump money into a club from nowhere, I think this came in before FFP to stop clubs like Man City just buying the league, well delay them by a couple of seasons anyway.

I am sure I read that they do invest a certain amount each year, on top of loans and sponsorship deals, but in line with what they are permitted to do.

Exactly shame some of the others jump to conclusions

Out Foxed

Out Foxed

Posted
Posted

i heard this from another person last week. they volunteered the information up without any interrogation and out of the blue. my paranoia soon kicked in.

Libertine Dream

Libertine Dream

Posted
Posted

It was all published, it's around there

This investment everyone talks about is simply the clubs future earnings, so ticket sales & TV revenues etc

It's not some kind of free lunch everyone acts like it is

The bright note is that they seem to have their head screwed on now & they're happy to keep under-writing their 2 season error means there's no cause for concern

The only feasible way of paying it off though is promotion to the Prem, but people should realise there's a chance they've bet the future of our club on doing so... (as indeed most debt ridden clubs have)

You seem to think they can just ask for the 50 million back. If they do, we go into admin, then they get next to nothing. Simon Jordan had 23 million loaned to Palace, they went into admin( he didnt choose to pu them into it) and got 175k back.

Hack

Hack

Posted
Posted

For christs sake.. I wish people would stop talking about stuff that they don't know full details of. In a nutshell, the owners cannot take money out of their own pocket and just give it to the club. For legal and tax purposes it has to be offset somehow and in this instance, its done in the form of a loan.

Stop worrying about the parent "loans" and just enjoy the football.

Well said. Also, what would it have cost the Thai's to buy a Premier league team instead of buying Leicester City. Yes there is a risk we may not go up, but putting in the initial purchase price plus the loans to buy players and improve the club in a number of ways is still a lot cheaper than going all in and buying an exsisting PL team.

The pay off going up and hopefully staying up, is big.

leicesterseddon

leicesterseddon

Posted
Posted

Lifted straight from the Programme on Saturday pretty much.

Speaking of which, did anyone else notice the number of photos of Father & Son in last Saturday's programme?

Had to get to about page 6/7 (can't remember) before seeing a photo of a player or the manager. If I didn't know any better I'd say they were trying to create a personality cult...

MooseBreath

MooseBreath

Posted
Posted

It was all published, it's around there

This investment everyone talks about is simply the clubs future earnings, so ticket sales & TV revenues etc

It's not some kind of free lunch everyone acts like it is

That's the whole idea of investment. You put some money in now in the hope of getting a good return later. I don't think anyone has ever been under any other impression. The point is that to make a worthwhile return on their investment they will need the club to remain or at least look capable of remaining in the prem for a few years, which is also what most fans want (probably not daggers) so everybody is happy

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