@StringerSport: A financial expert has just told @teamtimeben that the #lcfc owners are owed £100m according to their recent accounts
I don't agree with it. Don't buy a football club unless your prepared to put your own money in. You should be allowed to put it as a loan against the club. If they wanted it back why have they spent money so wildly If things go sour the owners have hell of a lot of control over our club with them owning the stadium and being owed so much money The business sense of our club is absolutely bonkers
Is it wise to criticize the business acumen of people who have made billions of Baht and decide to spend a portion of it on us? when (with all due respect) we have made fook all in comparison..
I thought they were turning it into equity? (more addressing the concern you lot are showing than the fact they haven't done it yet)
They will never get all of that back. How can they? Yes, you bring in more money when you're in the Premiership, but you spend a Hell of a lot more too. The biggest concern has to be if/when our owners decide to sell. Any new owners will have to guarantee that debt, and that's before buying players etc. if they can't sell, they will stop spending and run us into the ground like Bates at Leeds. Or we go bankrupt, get deducted points and in all probability end up back in League One, waiting for someone with money to rescue us again and offer promises of glory! The footballing circle of life. That's what's so annoying about the Watford situation. People have criticised us for spending but I've never had a problem with that - if managed well you get what you pay for. But Watford have assembled a great squad off the back of a team that's making money in the top flight in Italy. In the worst case scenario, they've giving some Udinese reserves some exercise. No debt for Watford. In the best case scenario, the owners end up with two top flight clubs - and Watford have still spent **** all other than wages. This is possibly when conflict of interest will come back to bite them on the arse, but what a nice problem for the owners to have. It's a joke.
Anyone with common sense can see you wouldn't run a business like that so why would you run a football club like that? You shouldn't pump money in and then expect it all back
business can be short term or as in this case its a long term project, I don't think the owners expected to make a quick return, when the returns can be massive eg, 150 million a season, Im sure they have calculated it is worth it not only for the club but also the exposure it gives to their core businesses..
It's important to compare king powers increased revenue since acquiring the club. I got the impression that they are using us to improve their profil outside of Asia. At the end of the day, if it benefit kp in the long run they'll happily absorb the loan.
Yeah, can you believe a Championship being nearly £100m in debt? http://www.walesonline.co.uk/footba...-5m-loss-as-debt-rises-to-83m-91466-32678004/
This is the reason I'd prefer Watford to go up - the money Leicester, Hull and Cardiff have thrown at the promotion gamble is criminal!!
Still bitter then over wood and kane... typical cockney hypocrite if your club was loaded you wouldn't like them to spend some? yeah right..,
He is just bitter Spending nearly 50M on the stadium and training ground can hardly be classed as us having an unfair advantage. Take out all the transfers under Sven then we have an average championship wage bill
Leicester transfers since the end of last season: DeLaet - £1m James - £1m Vardy - £1m Wood - £2m Total: £5m Hull transfers since the end of last season: Proschwitz - £2.5m Meyler - £1.5m Brady - £2m Total: £6m Fyi, 6 is a bigger number than 5
Ah yeah Knocky, that prob takes us over the top, but still its not like weve spent millions more than Hull.
