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Manwell Pablo last won the day on 1 March 2020
Manwell Pablo had the most liked content!
About Manwell Pablo
- Birthday 08/08/1984
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Member Title
Chris "The Biz" O'Grady
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La Courna
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Yeah, I’m not so convinced myself. As I’ve said elsewhere the have several creadible points and their timing is fantastic as they can now say look how good Leicester City are when they play by the rules. They shouldn’t have been anywhere near the top six I mean we do have good defence points as well but ultimately the Burnley case has set a precedent and that’s a precedent we’d need to break.
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Well yes I’ve been saying the exactly the same thing as you. TLDR of that is who would want to buy us and a barn sale is going to keep us going for another year after that we’re in deep shit and all the accessible income sources have been exhausted. And that’s if Leeds fail to get 8 figures out of us. Which is why it doesn’t matter who this buyer is we need them and hopefully it goes through.
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You're over thinking it, stadium capacity is over rated compared to commercial world wide revenue these days. Leicester City rising from the flames given we do have a world wide fan base now is a good angle....and you have to remember it's very rare anyone gets involved with a football club to make money, they are predominatly play things for people who have that amount of money. Like I say if you can come up with a business strategy, have the patience to put up with what I now think will be a pretty tough season next year, deal with the overheads, work out how you can support the club without breaking FFP. It's still a good prospect, but only to a very very rich person which I didn't think we'd ever find. Like you say there are better options out there for anyone, but clearly someone is taking an interest and I'm just trying to articulate the reasons why. Without relegation to League One I always thought we'd find a buyer if Top was inclined to find one, sadly it has taken him to see the club us totally done with him in charge to do it. I'm very surprised with some of the figures being thrown around and in fact the sole fact someone is actually interested but that seems to be the case.
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Sheffields a funny place mate, it’s a big city but not big enough for two imo especially as they’re both potentially roughly the same size, if you have a Notts county Port Vale or even to a lesser extent Liverpool Everton scenario it kind of works but there really isn’t much between those two it splits the city down the middle. Derby have a lower ceiling than us as well. Plus you add in the romance of the prem win, theoretically, if you have a shit ton of cash and can deal with our overheads and want to look very long term we are a decent proposition. Big risk but the potential is there if you are extremely wealthy.
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The key numbers £39m – purchase of Leicester City (2010) £421m+ – shareholder loans permanently converted into equity (2013, 2023 and 2025) £17m – purchase of the King Power Stadium freehold Additional smaller amounts through community projects, supporter initiatives and ongoing support Most likely total Estimate Type Amount Minimum proven investment £421m+ Proven investment plus club purchase ~£460m Best overall estimate ~£500m Plausible upper range ~£525m What this means King Power have effectively: Bought the club. Wiped out over £421 million of debt owed to themselves. Purchased the stadium. Supported the construction of one of the best training facilities in Europe. Funded the club through Premier League, Championship and European campaigns. Taken little money back out compared with the sums invested. The outcome During their ownership Leicester achieved: 🏆 Premier League Champions (2016) 🏆 FA Cup Winners (2021) 🏆 Community Shield Winners (2021) 🏆 Two Championship titles 🏆 Champions League Quarter-Finalists 🏆 Seagrave Training Centre development Bottom line For a club of Leicester City's size, £500 million is an extraordinary level of owner commitment. Few non-state-backed football clubs in Europe have received this level of long-term financial support from a single ownership group. The uncomfortable reality is that despite half a billion pounds of backing, poor recruitment, rising wage costs, relegation, PSR issues and strategic mistakes have left Leicester in a significantly weaker position than they were at the peak of the Vichai era. However, the scale of King Power's financial support itself is difficult to dispute. it’s a fair point, i have no quarrel with King Power as an organisation or the family in general and i will be grateful for a lot of things they’ve done and things we achieved under them if they are to sell up. My quarrel is with Top and Rudkin.
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Very basic way of looking at it.
