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Micky

The Owners

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Posted

Just a quickee. Do they still come to games? They seem to be very quiet despite the fact that behind the scenes they have done a lot.

Guest shearfox
Posted

Quiet owners are good owners...

Posted

Quiet owners > Milan aka vocal media whore owners.

 

In answer to your question though I think I heard on Radio Leicester over Christmas they had gone home, whether they are still over there :dunno:

Guest Col city fan
Posted

The owners appeared clueless with the appointment of Sven (although I do admit that probably put bums on seats) and spending what they did on some rubbish. Now they seem far more prudent and sensible with the running of the club.

Im happy to have them here.

Posted

I'm glad our owners aren't as 'eccentric' as other owners (Blackburn, Hull in particular) but I agree that not too quiet isn't bad.

Posted

They are waiting till we get promotion then they are changing club name to leicester elephants

Leicester grey elephants once they swap our home and away kit colours around

Posted

Leicester grey elephants once they swap our home and away kit colours around

 

Leicester grey elephants once they swap our home and away kit colours around

Don't fight it they will walk in 24hrs like the hull t4wt lol

Posted

I'm glad our owners aren't as 'eccentric' as other owners (Blackburn, Hull in particular) but I agree that not too quiet isn't bad.

..... and Cardiff!

Posted

They are waiting till we get promotion then they are changing club name to leicester elephants

Chang Leicester :D

Posted

http://futbolfinanzas.com/formas-de-evitar-el-fair-play-financiero-el-caso-leicester/

 

 

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Home   >   Teams   >   Ways to Avoid Financial Fair Play: The Case Leicester
Ways to Avoid Financial Fair Play: The Case Leicester
Edited by Alvaro Yanes Â· the January 15, 2014

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E l Thai tycoon Vichai Srivaddhanaprabha owns the King Power, a consortium empire dedicated to duty-free shops in Asia where almost monopolize sales in major airports such as Bangkok or Phuket. The business consortium is growing to the point that it has built an impressive shopping center called King Power Downtown Duty Free Emporium that has become a tourist attraction in Bangkok.

Mr. Srivaddhanaprabha is passionate about football which, together with its intention to expand the business group led by Britain, made ​​you decide in 2010 (through the Asia Football Investments group) to buy at Leicester City, legendary English club known as the foxes and fight your way up to the Premier League, top flight of English football in which no military for a decade. His first measures were immediate: remodel and rename the Stadium (now called King Power) and hire a coach Sven Goran Eriksson as prestige. Since his arrival in Britain, the expansion of their businesses is occurring progressively (in several British airports have already installed Duty Free shops), but parallel is not achieving the desired objectives with sports Leicester. However the Thai tycoon is injecting considerable amounts of money and investing for the team to achieve the desired rise, which may finally happen this season because the foxes take the lead in the standings with a comfortable lead over their closest rivals Burnley, QPR, Derby County and Nottingham Forest.

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High expenditure as opposed to the non-achievement of results in his three seasons in office, have caused a difficult financial position in society.  Firstly, the Leicester did not go to outside financing but was the owner himself who injected capital standing at 77 million pounds the amount the family had borrowed Srivaddhanaprabha the club over the years. Furthermore, the recurring annual losses (30 million pounds in the season 11/12) entailed the debt of the company to rise to alarming levels, endangering compliance Financial Fair Play (FPF) for Leicester since £ 8m is the maximum amount of reportable losses to be in the ratio permitted by law.

But the tycoon, Thailand eleventh richest person according to Forbes , has taken an ace sleeve and a clear commitment to the club has decided to issue 103 million new shares worth 1 pound each changed for your "collection of promissory notes." He has even prepared a second issue of 10 million to have an extra "cushion" in case you need to strengthen the team. This type of "debt for equity swap" is a means of financing certain holding companies with financial problems, so that are artificially created new shares so the company is more robust in terms of social capital refers and gives the creditor a part of it. The curious thing about this case is that "creditor" and "new shareholder" is the same as the company already owned.

With this operation, the club reorganized Leicester is a debt that has eluded her thus loss problem with the FPF and even has a surplus in order to make an acquisition in the face of rising search.

Reputed City analysts believe that the price paid is excessive and that the value of the foxes for the case to reach the Premier should be around 65-70 million, a figure far from the value of social capital held Mr. Srivaddhanaprabha. However the said investment should be analyzed from the global perspective of King Power empire, which does not mean that we should consider the operation performed as a risky business future on whose development we are expectant

Posted

Well if he loves football he should love what Leicester are putting on the field these days.  Hopefully his businesses keeps growing and he sees Leicester rise and do well.  He's all in now so they way forward would be to keep him excited with the product on the pitch.

Posted

Last few years we have been a poor business model but things change quickly in football and look at us now this season compared to the likes of QPR and Bolton. We are finally performing on and off the pitch in a way many other football clubs would be envious of and the board should owe a lot to Pearson for such an efficient turnaround

Posted

Brilliant owners, tried the fast route which failed, then decided to go for the patient route to the Prem which is working.

Bought the ground, repaired and tidied the ground, improved the training facilities, cancelled the debt, put on fairs and stuff for those that wanted them lol and have not dictated a name change or changing the teams colours.

Once we are established in the Prem :fc: then here is hoping they add the extra capacity they were talking about when they first arrived.

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