cc_star Posted 1 March 2013 Share Posted 1 March 2013 How is it blind faith when they've made a £17m commitment? I think until Top has LCFC tattoo'd on his cock and changes the name of Bangkok airport to Walshy's Place, some people are gonna remain suspicious. I'm not suspicious But buying something for £17m so you can offset the investment against profit from elsewhere in the group to make yourself more tax efficient in some way isn't anything to prove their fans of the club, or even in it for the longer term. It's just good business practice. Add to that the fact it's worth over £40m. Anyway, they're here to see the job through at least until they get their money back if not forever... They'll either get their money back after a couple of years in the Prem or by sitting there charging us 8% on everything for the next 50 years Link to comment Share on other sites More sharing options...
ian_marshall Posted 1 March 2013 Share Posted 1 March 2013 This is good news overall, glad to see the premises now being owned by the parent company. Interestingly it also makes us more of an attractive proposition to potential buyers should we reach the Premier League and the owners decide to sell. I doubt there would have been much interest in the club without being in full ownership of all of the assets, and knowing that a third party was involved. This will certainly add value to their investment. Link to comment Share on other sites More sharing options...
Jace Posted 1 March 2013 Share Posted 1 March 2013 King Power Holdings is the company all of their property is owned under. From what I understand (and this comes from a Real Estate Expert at Natwest not I!!), the holding company KPH, can charge AFI a higher rent so AFI can avoid paying a higher proportion of tax. Its common practice apparantly!! The fact that Vichai and Top are basically both companies, such an arrangement benefits them which in turn benefits the Football Club. From what i've been told, a high proportion of clubs in this country (whether foreign owned or not) operate this sort of system. It's possible not sure if under the new ownership under KPI that would happen as the club isn't under the AFI name anymore, who did you speak to mate? Ready for another Leicester road trip soon? Link to comment Share on other sites More sharing options...
Bettsj2 Posted 1 March 2013 Share Posted 1 March 2013 Its possible not sure if under the new ownership under KPI that would happen as the club isn't under the AFI name anymore, who did you speak to mate? Ready for another Leicester road trip soon? Dont worry it wasnt your dad!!! It was TC in Plymouth. Deffo up for another trip. I reckon one of the Friday nighters might be decent. Link to comment Share on other sites More sharing options...
Jace Posted 1 March 2013 Share Posted 1 March 2013 Dont worry it wasnt your dad!!! It was TC in Plymouth. Deffo up for another trip. I reckon one of the Friday nighters might be decent. I still don't know what dads username is on Foxestalk will have to get hold of Chris too haven't spoken to him since last match Link to comment Share on other sites More sharing options...
Kevfromle Posted 1 March 2013 Share Posted 1 March 2013 Compare this with the nonsense that the Cardiff owners inflict on their supporters. Blue to red, bluebirds to dragons!!! What next, play home games in Malaysia??? We are indeed fortunate! Link to comment Share on other sites More sharing options...
VLC86 Posted 1 March 2013 Share Posted 1 March 2013 What a waste of 20 million, we could have bought a striker to get us promoted with this!!! Thais out!! Link to comment Share on other sites More sharing options...
Bettsj2 Posted 1 March 2013 Share Posted 1 March 2013 I still don't know what dads username is on Foxestalk will have to get hold of Chris too haven't spoken to him since last match New KFC opening next to the Maccies. My guess is you'll find him there!! Link to comment Share on other sites More sharing options...
dorsetfox Posted 1 March 2013 Share Posted 1 March 2013 just got in and read through this , am i right in thinking then that top and co have bought the ground but really they have just loaned the club the money to buy it ? so everything we now owe is to top and co ... NEXT STAGE THEN TO MAKE TOP A HERO ................................DO A MAN CITY A WIPE ALL DEBTS OWED HAPPY DAYS Link to comment Share on other sites More sharing options...
Jace Posted 1 March 2013 Share Posted 1 March 2013 New KFC opening next to the Maccies. My guess is you'll find him there!! brilliant, I've been going on about it for weeks even asked my manager for a 2 hour lunch break next friday when it opens Link to comment Share on other sites More sharing options...
Bluetintedspecs Posted 1 March 2013 Share Posted 1 March 2013 It is very good news because a financial commitment to a Football Club is primarily NOT a good investment! Link to comment Share on other sites More sharing options...
crisp monster Posted 1 March 2013 Share Posted 1 March 2013 Best news in many, many years Now stop moaning City of Leicester Get behind them and lets get back to where we belong! Link to comment Share on other sites More sharing options...
Babylon Posted 1 March 2013 Share Posted 1 March 2013 I'm not suspicious But buying something for £17m so you can offset the investment against profit from elsewhere in the group to make yourself more tax efficient in some way isn't anything to prove their fans of the club, or even in it for the longer term. It's just good business practice. Add to that the fact it's worth over £40m. Anyway, they're here to see the job through at least until they get their money back if not forever... They'll either get their money back after a couple of years in the Prem or by sitting there charging us 8% on everything for the next 50 years It's not worth £40m, you wanted to sell it you'd get just what the land is worth in reality no matter what the books say. Link to comment Share on other sites More sharing options...
Jace Posted 1 March 2013 Share Posted 1 March 2013 It's not worth £40m, you wanted to sell it you'd get just what the land is worth in reality no matter what the books say. It might of been worth more a few years ago when Tigers had an interest in playing at the stadium, now it really is just worth its value in land minus the expense to tear it all down Link to comment Share on other sites More sharing options...
Dan LCFC Posted 1 March 2013 Share Posted 1 March 2013 Basically if the owners wanted to recoup the £17m over 10 years which is £1.7m extra per year, they would have to increase each match ticket by around £4 a game based on an average attendance of 23,000. I wouldn't be surprised if we see this happen in stages over the next 2 years and by more than that amount if we make the Premier League. Which would be brain dead because they'll never sustain 23k should they stay in this league. Link to comment Share on other sites More sharing options...
Dan LCFC Posted 2 March 2013 Share Posted 2 March 2013 What a waste of 20 million, we could have bought a striker to get us promoted with this!!! Thais out!! As long as he got 20 goals. Not 19, not 21, if he gets 20 goals then he IS the man. Link to comment Share on other sites More sharing options...
flowwolf Posted 2 March 2013 Share Posted 2 March 2013 What, are they going down then? No and neither will I. Link to comment Share on other sites More sharing options...
flowwolf Posted 2 March 2013 Share Posted 2 March 2013 Hate to piss on anyones party but what difference will the ownership of the ground mean to anyone but the owners ? Cheaper tickets , enhanced matchday experience ? yes that's right fvck all. Link to comment Share on other sites More sharing options...
VLC86 Posted 2 March 2013 Share Posted 2 March 2013 As long as he got 20 goals. Not 19, not 21, if he gets 20 goals then he IS the man. I know, and if he scores 19 league goals and one in the cup I say he hang him by his balls from the clock tower! Link to comment Share on other sites More sharing options...
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