Chairman of the Bored Posted 7 March 2013 Share Posted 7 March 2013 Interesting piece from Ian Griffin about 'the books': http://mercurybusinesseditor.blogspot.co.uk/2013/03/leicester-city-more-details-from-those.html Link to comment Share on other sites More sharing options...
Thracian Posted 7 March 2013 Share Posted 7 March 2013 Correct me by all means but I can't see why it's especially interesting. It just quotes the figures he's got in front of him without drawing any conclusions or providing any further insights that might enlighten a layman as to the implications of our position. Link to comment Share on other sites More sharing options...
Finn Claw II Posted 7 March 2013 Share Posted 7 March 2013 I agree the analysis is not particualrly interesting but the numbers are. I'm assuming by the time we get to the premiership we will be over £100m in debt - with 8% interest this is still serivicable so I can see their strategy FFP for the Championship is not far away Link to comment Share on other sites More sharing options...
AaronH Posted 7 March 2013 Share Posted 7 March 2013 I think more worrying was Lee Hoos salary of £173,000 Link to comment Share on other sites More sharing options...
_Fatboyslow_ Posted 7 March 2013 Share Posted 7 March 2013 Correct me by all means but I can't see why it's especially interesting. It just quotes the figures he's got in front of him without drawing any conclusions or providing any further insights that might enlighten a layman as to the implications of our position. Ditto This only repeats what has already been said, I was hoping for a bit more insight to the equity issue and the stadium purchase Link to comment Share on other sites More sharing options...
cc_star Posted 7 March 2013 Share Posted 7 March 2013 Ditto This only repeats what has already been said, I was hoping for a bit more insight to the equity issue and the stadium purchase Well, that's this year... the released figures relate to last season so we'll have to wait a while to get insight on those. What it does show is that the loan/debt is nearer £70m at £67.5 then the £60m I originally read. Perfectly serviceable over a long term.... by wow... what a wasteful binge that was!!! do we add £15m loaned in this season to that... arriving at nearly £85m? Or is that already taken into account? All to get where we were before they even arrived. They're staggeringly bad at business it would seem, unless they're here to lay off profits of the King Power Gp whilst earning themselves 8% in the process. Then there's players on big contracts still here which will either continue clocking up millions next year too, severely restricting the business we can do over the summer, in fact some of the maximum of £6m that can be loaned next term will probably be taken up in paying them off. The bean counters certainly have their work cut out allowing us to invest where needed or Link to comment Share on other sites More sharing options...
_Fatboyslow_ Posted 7 March 2013 Share Posted 7 March 2013 CC.star It looks like £100 million 70 plus 16 for this season plus 14 for the stadium, so I was hoping that the equity thing is going to write this off and then the owners recover their investment by means of profits Link to comment Share on other sites More sharing options...
jamesmilner Posted 7 March 2013 Share Posted 7 March 2013 the one thing that disturbs me is the £14.6 million turning into £15.6 million by a typing error or badly written statement . as he says "whats a cool million between friends ? " . so amatuerish it is unreal . at least get the figures right as that was what its all about . and if we dont go up this season , we will be reshufflng everything at the kp with ffp . for people to be a bit naive about our finances also worries me, thats alot of debt you know . Link to comment Share on other sites More sharing options...
_Fatboyslow_ Posted 7 March 2013 Share Posted 7 March 2013 Is it possible the extra million is interest ? Link to comment Share on other sites More sharing options...
jamesmilner Posted 7 March 2013 Share Posted 7 March 2013 Is it possible the extra million is interest ? dont think so , the ironic comment makes it clear ! .a discrepancy is a discrepancy . Link to comment Share on other sites More sharing options...
Munshi Posted 7 March 2013 Share Posted 7 March 2013 Ian Stringer â€@StringerSport A financial expert has just told @teamtimeben that the #lcfc owners are owed £100m according to their recent accounts Think thats good? Link to comment Share on other sites More sharing options...
cc_star Posted 7 March 2013 Share Posted 7 March 2013 Ian Stringer â€@StringerSport A financial expert has just told @teamtimeben that the #lcfc owners are owed £100m according to their recent accounts Think thats good? QPR are all over the news today because of their finances. We could piss all over them & ManCity combined with the rate we're burning through those notes. £100m and we're in exactly the same position in the table as we were before they arrived wanting a marquee manager to waste their money for them Link to comment Share on other sites More sharing options...
Guest MattP Posted 7 March 2013 Share Posted 7 March 2013 There seems to be some very creative accounting going on at our football club at the minute. Link to comment Share on other sites More sharing options...
cc_star Posted 7 March 2013 Share Posted 7 March 2013 There seems to be some very creative accounting going on at our football club at the minute. You ain't seen nothing yet, this summer is going to be amazing to unpick. Link to comment Share on other sites More sharing options...
Raj Posted 7 March 2013 Share Posted 7 March 2013 All i know is that get ready for a 10% min increase in St's if we DONT go up. make up your own number and x3 for a St if we DO go up! Link to comment Share on other sites More sharing options...
davieG Posted 7 March 2013 Share Posted 7 March 2013 All i know is that get ready for a 10% min increase in St's if we DONT go up. make up your own number and x3 for a St if we DO go up! I'd hazard a guess that they know that wont help them based on all the ticket offers they've put out recently to get bums on seats, not that I can see any monetary gain from the Bolton offer maybe they still think bigger gates means more positive support. Link to comment Share on other sites More sharing options...
jonthefox Posted 7 March 2013 Share Posted 7 March 2013 All i know is that get ready for a 10% min increase in St's if we DONT go up. make up your own number and x3 for a St if we DO go up! And that doesn't include a pie and a pint Link to comment Share on other sites More sharing options...
Raj Posted 7 March 2013 Share Posted 7 March 2013 I'd hazard a guess that they know that wont help them based on all the ticket offers they've put out recently to get bums on seats, not that I can see any monetary gain from the Bolton offer maybe they still think bigger gates means more positive support. More bums on seats= More pies,pints,shirts,merchandise...Hopefully a great result= A few more hardened fans wanna come more often...= HOPEFULLY more £££ Link to comment Share on other sites More sharing options...
davieG Posted 7 March 2013 Share Posted 7 March 2013 More bums on seats= More pies,pints,shirts,merchandise...Hopefully a great result= A few more hardened fans wanna come more often...= HOPEFULLY more £££ The pies and pints are subcontracted aren't they and shirts are being sold at 30% off and I doubt they'll sell many more when people see a new one coming out in 3/4 months. Link to comment Share on other sites More sharing options...
Bob Weasel Fox Posted 7 March 2013 Share Posted 7 March 2013 It's all very interesting . . . . . Link to comment Share on other sites More sharing options...
Raj Posted 7 March 2013 Share Posted 7 March 2013 The pies and pints are subcontracted aren't they and shirts are being sold at 30% off and I doubt they'll sell many more when people see a new one coming out in 3/4 months. Spose they'd still rather see a semi full stadium to look good to the Thai Tv public than 18k+? Link to comment Share on other sites More sharing options...
davieG Posted 7 March 2013 Share Posted 7 March 2013 Spose they'd still rather see a semi full stadium to look good to the Thai Tv public than 18k+? The Bolton game isn't on TV is it and I'm note sure it's even on Thai TV this season. Link to comment Share on other sites More sharing options...
Happy Fox Posted 7 March 2013 Share Posted 7 March 2013 The Financial situation isn't very enamoring and sort of highlights for me that we have to go up this season otherwise key players like Nugent, Konchesky and Kasper will leave due to their wages and FFP, because it is unsustainable at this level I imagine. Link to comment Share on other sites More sharing options...
davieG Posted 7 March 2013 Share Posted 7 March 2013 The Financial situation isn't very enamoring and sort of highlights for me that we have to go up this season otherwise key players like Nugent, Konchesky and Kasper will leave due to their wages and FFP, because it is unsustainable at this level I imagine. No one's going to be buying Nugent or Konchesky, the PL have already rejected them and the Championship can't afford them because of those wages, not even that convinced that a PL team will want Kasper either. Link to comment Share on other sites More sharing options...
Raj Posted 7 March 2013 Share Posted 7 March 2013 The Bolton game isn't on TV is it and I'm note sure it's even on Thai TV this season. Dont they cover all City home games on Thia tv? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.