StanSP

£24m down the pan . Guy just sat down and cancelled a training session...

Nice colour, sponsor seems far too big

Although I don't think we'll be looking at a quick process... Timelines vary a lot depending on the club and buyer, but here's a rough guide: Typical stages Initial talks to signed agreement: weeks to several months — depends on due diligence (finances, legal structure, player contracts, stadium/land ownership), and how many bidders are competing. Owners' and Directors' Test (fit-and-proper-person check): officially can take as little as 2–4 weeks, but in practice often drags out much longer if the buyer's identity, funding source, or ownership structure is complicated (offshore entities, sovereign wealth funds, etc.). Full deal from first approach to completion: a clean, straightforward takeover is often around 3 months once a preferred bidder is locked in. But a "standard" full takeover process — from early talks to actually completing — is more commonly cited as taking around 9 months. Why it drags on Complex ownership structures or non-UK buyers slow the regulatory test down significantly (Newcastle's 2020 Saudi-backed takeover took years on and off before finally completing in 2021). Disputes over price, debt treatment, or stadium/land ownership can stall things for months. Lower-league deals (Championship/League One) tend to move faster than Premier League ones — some have completed in as little as 2 months once terms are agreed, since there's less money and regulatory scrutiny involved. Extremes Fastest: a few months for a straightforward, single-bidder lower-league deal. Slowest: well over a year for high-profile, contested, or geopolitically sensitive takeovers (Chelsea's forced 2022 sale under sanctions pressure was unusually fast — about 2 months — precisely because of the forced-sale deadline; most aren't like that). For a club like Leicester, given the debt structure, external lenders (Macquarie), and the stadium/training ground potentially being carved out separately, I'd expect something on the longer end — likely 6–12 months from a firm offer to completion, if a serious b uyer emerged

It's written...

Here's how it breaks down: What King Power paid to get in £39m in 2010 for the club itself, buying it from Milan Mandarić while Leicester were mid-table Championship. A further £17m in 2013 to buy back King Power Stadium (which a previous owner had sold off to an American pension fund). So roughly £56m of initial capital outlay. What they've put in since On top of that, the Srivaddhanaprabha family has pumped in an estimated £420m+ over 15 years in loans to cover transfer fees, wages, and operating losses — including £194m written off as an outright gift by 2023, and a further £124m converted from debt into equity in January 2025. Most of that money wasn't "invested" in the sense of buying appreciating assets — it was largely spent covering wage bills and transfer losses, so it isn't sitting there to be recouped. Would they need to pay off loans before pocketing anything? Not to themselves — that's already handled. Because the family converted essentially all shareholder loans into equity, there's no debt owed to the owners that would need repaying first; they already hold that value as shares. What would eat into proceeds is the club's remaining external debt — roughly £103m owed to banks/Macquarie, secured against future broadcast and parachute payment income, plus other liabilities like transfer payables (~£81m, partly offset by £56m owed to the club). In any sale, a buyer typically either assumes this debt (reducing the price they'll pay) or the family has to clear it out of sale proceeds before the rest is "profit." So, net-net: Book net asset value (per the June 2025 accounts) is about £114m — that's roughly the equity value the family could realistically expect to walk away with if sold near book value today, after existing external debt is accounted for. Even at the higher end of a realistic enterprise valuation (accounting for the stadium/training ground being worth more than depreciated book value), you're likely looking at something like £150–250m in proceeds. Against ~£450–500m of total lifetime investment, that's not really a "profit" story at all — more a partial recovery of a large net loss, even though it's several times the original £56m purchase price. The two relegations have destroyed most of the paper gains they'd built up during the Premier League era.

I prefer 'Rudkin fvcked off into the sea by new owners' but guess we can settle for yours...

Are you calling me a racist

I'd rather avoid links to that government. Just my preference.

As long as its not from a specific area of the Middle East I'm fine with it. Anyone but them...

Mikhail El-Ashay

I had no idea Snoop Dogg was from Swansea!

And Everton?

Must be talking to the same mate Short answer: probably somewhere in the £150–250m enterprise value range today — a fraction of the ~£600m+ (Forbes' ~$781m) the club was worth as a Premier League side just a couple of years ago. Here's the reasoning, based on the FY2024/25 accounts and their current situation (second relegation in two years, now in League One for 2026-27): Balance sheet (year to 30 June 2025) Total assets: £401m — player registrations £117m (net book value), fixed assets £197m (King Power Stadium carried at £44m depreciated replacement cost, Seagrave training ground at £100m), transfer receivables £56m, other assets £30m Total liabilities: £286m — £103m external debt (mostly Macquarie facilities secured against future TV/parachute income), £60m owed to the parent company, £81m transfer payables Net assets: ~£114m, per the club's own accounts On the "loans to write off" point This is largely already done — King Power converted £124m of shareholder loans into equity in January 2025, on top of the £194m written off back in 2013–2023. There isn't much shareholder debt left to forgive; what remains is external bank/Macquarie debt secured against future revenue streams, which a buyer would have to actually service or refinance, not just wave away. Why book value understates the real number The stadium's £44m figure is depreciated accounting value, not market value — and it's genuinely prime, sole-use real estate in a city with no rival ground. £100m for a purpose-built 2020 training complex like Seagrave is close to replacement cost. There have reportedly been informal talks about a consortium buying the stadium and training ground as a standalone real-estate/investment play, separate from the football club itself — which tells you the physical assets are seen as worth more than the football operation right now. Why the football club itself is worth much less than 2023 estimates Two relegations in three seasons (Premier League → Championship → League One) has gutted broadcast revenue, sponsorship value, and brand strength. League One clubs typically change hands for £10–40m as going concerns; Leicester's parachute payments and infrastructure lift that well above a typical League One peer, but nowhere near the £600m+ Premier League-era number. Put together — assets (stadium + training ground at something closer to market value, plus playing squad) minus real external debt — I'd land around £150–250m as a fair enterprise value estimate, with the physical infrastructure doing most of the heavy lifting. Happy to go deeper into any one piece (e.g., a comps-based approach using recent League One/Championship club sale s) if useful.

Happy fvcking days. Might as well get NFL or Saudi on board. That's the way rest of football is going or has gone, and we're just being left behind. Trying to be different or authentic won't work these days. As sad as that is, it's the reality. And where the money is, and that's what football is all about. Just don't change our shirt colour to red