cityfanlee23 Posted 15 October 2013 Share Posted 15 October 2013 Quite a few seem to think we have 'No budget' The rest say we do, Are we actually a club with money to spend if needed, I think we have generous owners who if we got promoted would inject a lot of the promotion money back into the club, the company that the owners have is doing very well at present, but the question I ask you all, Are we a 'Rich' club, and do we have that financial stability needed? Link to comment Share on other sites More sharing options...
_Fatboyslow_ Posted 15 October 2013 Share Posted 15 October 2013 And the answer is not now Link to comment Share on other sites More sharing options...
Guest MattP Posted 15 October 2013 Share Posted 15 October 2013 Nope. Unless you have a ground like the Emirates/Old Trafford and can fill it or have a Worldwide fanbase to bring in huge sponsorship no football club is rich now. Link to comment Share on other sites More sharing options...
cityfanlee23 Posted 15 October 2013 Author Share Posted 15 October 2013 And the answer is not now We couldnt of been in the first place then! we only spent around 15m in our spree! (Alot of wages agreed) but the hype was that we were financially secure forever and had a very rich club, doesnt seem so nowadays! If we are blown out after 2-3 seasons what does it say! Nope. Unless you have a ground like the Emirates/Old Trafford and can fill it or have a Worldwide fanbase to bring in huge sponsorship no football club is rich now. No but we have a clothing brand Link to comment Share on other sites More sharing options...
Corky Posted 15 October 2013 Share Posted 15 October 2013 I don't remember any hype about us being financially secure, I thought the plan was to spend all the money, get promoted and then with the extra revenue be in a better financial shape. Link to comment Share on other sites More sharing options...
AKCJ Posted 15 October 2013 Share Posted 15 October 2013 Is Leicester City Football Club rich? I'd say we're not. Is the King Power group rich? Absolutely. Link to comment Share on other sites More sharing options...
whitlock Posted 15 October 2013 Share Posted 15 October 2013 I'm not rich. I have to save up just to be poor. Link to comment Share on other sites More sharing options...
_Fatboyslow_ Posted 15 October 2013 Share Posted 15 October 2013 I am not even going to debate figures with you as it would be pointless, but u will say most reckon on a figure of 70 to 100 million has been spent on the club by the Thais and you say 15 Link to comment Share on other sites More sharing options...
cityfanlee23 Posted 15 October 2013 Author Share Posted 15 October 2013 I am not even going to debate figures with you as it would be pointless, but u will say most reckon on a figure of 70 to 100 million has been spent on the club by the Thais and you say 15 Might want to read my post again my friend. '£15m in our spree' so yes, discussing figures when you have not read the post properly is pointless. P.s £45m of our debts have been made BY THE OWNERS. £78m losses since 2005, 48 of which in the last 2 years.. we all know why. Link to comment Share on other sites More sharing options...
cityfanlee23 Posted 15 October 2013 Author Share Posted 15 October 2013 Might want to read my post again my friend. '£15m in our spree' so yes, discussing figures when you have not read the post properly is pointless. P.s £45m of our debts have been made BY THE OWNERS. £78m losses since 2005, £48m of which in the last 2 years.. we all know why. Link to comment Share on other sites More sharing options...
Jace Posted 15 October 2013 Share Posted 15 October 2013 Technically the club is now part of the ownership of King Power holdings group which is worth a great deal although the club itself never mades money and certainly isn't rich usually loses a great deal each financial year. Link to comment Share on other sites More sharing options...
_Fatboyslow_ Posted 15 October 2013 Share Posted 15 October 2013 l I said not now, listen to the answer, you started to bring figures in. Where as they might not want to sell up I do think they will take back what funds they can. I would be very very surprised if they invested large sums as they appear now to be looking to develope talent Link to comment Share on other sites More sharing options...
MooseBreath Posted 15 October 2013 Share Posted 15 October 2013 We're richer than we've ever been before by an absolute country mile, and I reckon we're rich by championship standards. But by premiership standards, probably just mid-ranking, and in terms of the global elite we're probably quite a way off. But it all means nothing if we can't spend the money. I reckon if we did get to the prem they'd be plenty of money available. Pearson probably wouldn't spend half of what he could. Link to comment Share on other sites More sharing options...
hackneyfox Posted 15 October 2013 Share Posted 15 October 2013 Might want to read my post again my friend. '£15m in our spree' so yes, discussing figures when you have not read the post properly is pointless. P.s £45m of our debts have been made BY THE OWNERS. £78m losses since 2005, 48 of which in the last 2 years.. we all know why. ffs Link to comment Share on other sites More sharing options...
yorkie1999 Posted 15 October 2013 Share Posted 15 October 2013 We've got more money than a horse has got hairs, but we're not allowed to spend it cos our owners would owe themselves. Link to comment Share on other sites More sharing options...
LCCFox96 Posted 15 October 2013 Share Posted 15 October 2013 We must be financially stable or the departure of others big earners like Konch and the sale of Kasper may have been pushed through quicker. I would also say we have money to spend but feel NP is saving it either for January or next year, whatever league we are in. I do not think we are rich like QPR, who iccidently couldnt give on about FFP but we certainly have deeper pockets than 60-70% of championship teams. I think the Thai owners have invested wisely so far (under NP's tenure) on and off the pitch with the academy etc. Can't see them spending huge sums again in the championships - which is a sign they learnt from Sven's era - but agree with other posters on money being spent if we went up. Link to comment Share on other sites More sharing options...
cityfanlee23 Posted 16 October 2013 Author Share Posted 16 October 2013 We must be financially stable or the departure of others big earners like Konch and the sale of Kasper may have been pushed through quicker. I would also say we have money to spend but feel NP is saving it either for January or next year, whatever league we are in. I do not think we are rich like QPR, who iccidently couldnt give on about FFP but we certainly have deeper pockets than 60-70% of championship teams. I think the Thai owners have invested wisely so far (under NP's tenure) on and off the pitch with the academy etc. Can't see them spending huge sums again in the championships - which is a sign they learnt from Sven's era - but agree with other posters on money being spent if we went up. If we are in the championship, Somebody else will be spending it I should think! Link to comment Share on other sites More sharing options...
sylofox Posted 16 October 2013 Share Posted 16 October 2013 No we are not and never have been rich. Our owners lend us money that means you have to pay it back plus intrest. We are in debt to them so no we are poor. I suppose if we need it they will lend us more to a point. Link to comment Share on other sites More sharing options...
cityfanlee23 Posted 16 October 2013 Author Share Posted 16 October 2013 No we are not and never have been rich. Our owners lend us money that means you have to pay it back plus intrest. We are in debt to them so no we are poor. I suppose if we need it they will lend us more to a point. Basically, our owners are a bank. Link to comment Share on other sites More sharing options...
sylofox Posted 16 October 2013 Share Posted 16 October 2013 Basically, our owners are a bank. Yeah wich means they can demand the money back and hold a new owner to ransom. Just think Portsmouth. Link to comment Share on other sites More sharing options...
cityfanlee23 Posted 16 October 2013 Author Share Posted 16 October 2013 Yeah wich means they can demand the money back and hold a new owner to ransom. Just think Portsmouth. b..b...b..bbbut theey wwoullddnt do that would theyyy??? Link to comment Share on other sites More sharing options...
MooseBreath Posted 16 October 2013 Share Posted 16 October 2013 Of course any new owner would know exactly how much debt is owed before making an offer, so that isn't a problem. Link to comment Share on other sites More sharing options...
Finnaldo Posted 16 October 2013 Share Posted 16 October 2013 We're as rich as the owners want us to be. Link to comment Share on other sites More sharing options...
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