Newcastle City centre seems to have hundreds of pubs, dozens of Greggs/Subways but absolutely no cafes. Having to choose between subway and Greggs is like having to choose whether to be raped by a rhino or a bear ffs.
Gotta enjoy the day out bro when you support Southampton mate. Won't get much joy out of football otherwise
Finally found somewhere where I can sit down for a breakfast and the toast came out unbuttered and the orange juice is a carton Should have chosen the bear.
Can't believe Schlem didn't invite you around for breakfast, as long as you like ketchup, you'd have loved it.
When I was with Tesco they did some market research to establish what sort of cafe / eateries they should have in the superstores (Tesco Extras) ... they owned Giraffe restaurants and Harris + Hoole coffee shops at the time but would also put in Tesco cafes sometimes ... the data came back showing that Newscastle had the largest concentration of Greggs anywhere in the country and that it really didn't matter what catering you put in because the Geordies would almost always seek out a Greggs if eating when out shopping
You're being too kind, it was ****, but at least it put to bed the myth about their support and atmosphere.
This morning our Chairman announced a debt:equity swap - £194 million of loans and associated interest owed by the club to King Power International, the parent company, will be converted into share capital - leaving the club debt free... as he put it ... to demonstrate King Power's commitment to the short and longer term future of both the club and the people of Leicester ... top man is .. errrrrr ...Top
Surely you still owe that money though to the share holders, no? Only reason I say that is because I hate it when clubs move their debt into other companies, my lot had about £10Mil debt - I never did understand where that disappeared to. It's like it just vanished. When the new owner came in he was asked at a fans forum if there was any surprises, to which the response was no...so naturally I'm still curious, was the money written off by the bank, was it paid off and if so how, I've absolutely no idea. I suspect most companies move debt around, they normally move it out of any business where revenue is going into, and stick it into the service arm of the industry which is the costly part and only ever really incurs costs. Then when it comes to administration the revenue arm of the business is safe. Which to me is crooked, because suppliers are left unpaid, but the cashflow remains coming into a business under another name - although it's legal practise.
Nope ... the risk is all with King Power, the owners (shareholders) just like it would be if you bought shares on the LSE ... if somebody wanted to buy us they would have to buy those shares and that's how the owners would get their money back / return on investment ... in the interim they might be entitled to dividends ...
So it is still debt, all they've done is move it around, which is what I said. If it wasn't debt the owners would just pay it off, which they haven't, so they are safe guarding their own pockets, not safe guarding Leicester FC, because if you went into financial trouble you will also have that adiditional debt on top in the event of any sale.
This is the problem with the Premier League it has just become a pot of debt, as owners milk the market. You often see stats of the richest clubs, but reality is those riches are suddenly turned into debt when the whole thing goes tits up. It's much like our new owner and what he has spent on players, I ask myself how's he going to make any profit, I just can't see where the benefit of investing in us is coming from - it's ok if you have a billionaire arab owner because to them you are just an expensive toy.
No not really ... you can invest in something by loan instrument and receive interest for doing it or by share capital and receive dividends ... the repayment of the loan is usually over a fixed term but there is no fixed term for 'ordinary' share capital ... when you buy shares you are hoping that the value of the shares will rise in the future and be worth more than you paid if you ever want to sell them ... shares are therefore a longer term investment ... The money involved is King Power's alone ... nobody else involved ... they have just swapped an inter-company loan for shares ...
Yeah shares can be a good thing, I agree - but this isn't really a case of selling shares in a company to raise revenue, and to do well and give the share holders a nice potential profit, although that could be disputed IF you dropped into the Championship - this is more so to bury debt, or that's how I see it, but whether to bury debt or to raise revenue could be argued as much the same thing, but often if I smell rat, there is one and this don't have a good feeling about it to me, it's shackles for a few decades, which will either turn good or bad, lucky for my lot it turned good, but even though I say that, I still struggle to see where the profit is coming from. Much like Leicester, they could claim a profit in y season, but I'd just say what about that debt in x season, only to be told probably, don't worry about it brb, it will be fine....then I'm even more concerned because I trust no one.
Basically yeah, exact same point I made about Liverpool and got snide remarks back for. Shifting debts to the owners company that will need to be bought out if the club is sold or might be recalled if the holding company falls apart. Only the truly rich owners can make this investment thing work, City for example, who are now profitable with no debt.
