King Power has a turnover of £1b a year. The Srivaddhanaprabhas have suggested that our debts may be turned into equity. This means, in a business sense, they will shift from being our creditors to owning - whatever the debt is, say £115m - of our assets. It also means they can't demand the money back at anytime (we would effectively go bankrupt if they did). They will treat us as a going concern (which would mean we're without the threat of liquidation) and they would be responsible for getting us into position in which the club has enough profit to cover what they are owed. Even then, they wouldn't get it back until they sell.
Don't want to throw a spanner in the works, but you haven't got £115m of assets, in fact, you haven't got half that.
The only thing the club actually own that is worth anything is the playing squad and the training ground The owners have invested heavily in the training ground since so its possible they might own that now The owners also own the stadium so the club doesnt really own many assests
The only thing the club actually own that is worth anything is the playing squad and the training ground The owners have invested heavily in the training ground since so its possible they might own that now The owners also own the stadium so the club doesnt really own many assests
I believe you bought your ground for £20m odd, you have your training ground(assuming you own it), then there's the value of your playing squad. Roughly guessing, I'd say your assets are roughly half your current debt. Edit: Sorry Proud pretty much answered while I was typing.
Who says I'm not? Lol. Not too much I can disagree with there. Yes, some of our fans did get too excited when we got into an almighty one point lead. And as football fans always look up instead of down, they never considered that, in reality, our early away form (our home record was identical to Hull's by the way) was already a major clue we weren't good enough for automatic - wins at Boro (where we have a great record), Huddersfield and Bristol City were hardly proof that we were going to win forthcoming games at Brighton, Palace, Cardiff and Forest, the latter game being our best away result of the season (coming as it did after the bad run that some people think we never recovered from). Success can be bought, you're right, but there's at least three problems when comparing us to Man City and Chelsea. Those two clubs have the pick of the world's finest. We had great difficult getting Prem quality players to drop into this league, no matter how much we offered. As much as I give Sven stick, I do have some sympathy for him here. He tried. Really he did, but even with his reputation, even with the money he offered, he couldn't do it. This left the side, as expensive as it was, pretty much unfinished when the transfer window slammed shut. This is why we signed Beckford - desperation. The second issue is that, relatively speaking, we didn't spend anything like those clubs have and what we have spend as been mainly wasted. Even by Championship spending standards, we didn't exactly leave other clubs in the dust. Sven and Nige spent £14.5m in 2011-12. Cardiff spent £10m this season, and they were already a regular top six side. I'm not saying we should have spend more (on the contrary actually) but what we did spend wasn't spent wisely. The quality signings, mostly made by Pearson, don't add us to that much. But I'd wager there values have risen since joining us. Mills, on the other hand, is worth less than a quarter of the amount Sven paid. The third issue is, no matter how ambitious we are, we have had to work with FFP in mind. As you said, those wages would have been worth every penny if we'd gone up under Sven. We didn't, and Nige was brought in to get us in shape while still maintaining our ambition. The truth is, the best chance we had of "buying the league" was under Sven. He failed, now we have to do things the hard way. The Cardiff play-off, I'm sure Nige will be the first to agree that, in retrospect, he made a mistake in the home leg. But he made up for it with a great attacking display in the away leg, which we won. We just came up from League One that year and Cardiff were an established top side - and we matched them. And that was without spending a fortune. Yes, we could have played Brighton or Palace over two legs, but any of those would have been tough, as we've seen by Palace's unexpected win. I know you don't like the term, but it's clearer than ever that this year's play-offs have been a lottery (5th won and 6th very nearly did too). I won't be ruling Palace out in the final. Am I content with finishing top six this season? Yes. I will be looking for improvement next term though, whether it's Pearson or not. That said, our greatest side in recent times as been the one of the late 90s. They finished in the play-off zone too. How you get up is irrelevant. It only matters that we do. Keep finishing in the top six, and we will eventually. Hopefully sooner rather than later.
That's why I included the line: "they would be responsible for getting us into position in which the club has enough profit to cover what they are owed." I'm no big business expert and may be using the wrong terminology (maybe I should have said equity) but I'm sure you get my drift. As I'm sure you're aware, getting into the Prem is worth £120m a season. It's not difficult to see how they can get return on their investment.
Getting into the prem is worth about half of that per season, the £120m includes the parachute payments you receive over 3 years should you get relegated So it's worth a minimum of £120m but over a minimum of 4 years
