No, Thai fans are not supporting us yet. They don't know who we are, which is why the club want us to get into the Premier League. Promotion to the prem - 90 odd million. Spending 10 odd million each summer isn't going to matter until we somehow manage to go 9 season without being promoted as the owners will still make a profit when the inevitable happens. These guys are minted and this is currently just a little thing they have going on the side. When we get promoted then the millions will roll in, the Thai's will be happy, the Thai's business will be happy, the Thai's will support us and we can build on success. Can't explain it any simpler than that.
Who on earth is going to want to buy a club with a wage bill as high as yours, still pottering around in upper mid table championship? You won't get another sugar daddy again, it's already been said on here that Top only cares because the first football match he ever saw was a cup final involving your club. Even fewer will want to know after failing to get out of the 2nd tier with an unlimited budget. Whoever you sell to is going to have an impossible task on their hands bringing your outgoing down to anywhere near manageable levels. This probably wouldn't happen, they'd do their best to get out of the league on the basis that it won't matter once you're in the premier league, and when that doesn't happen you have a firesale to get rid of the high wages and your club starts to slide down the table. Doesn't make a blind bit of difference where the money is coming from, if it goes wrong your club on its own cannot afford to cover the costs.
Oh, nope. It clearly does not work. Leeds have experienced that paying money doesn't work. Despite the fact that Man City currently sit top of the table having just thrashed Man Utd 6-1. and the fact that Leeds fans won't shut up about how they were getting Champions League semi finals and top 6 finishes. It clearly doesn't work. So there is absolutely no need for jealousy is there.
Swings and roundabouts really, he's using the club to advertise his company and increase profit. The details of the market he's advertising to is irrelevant when you consider they are relying on premier league and further success to increase fanbase and increase exposure.
You wasting your time trying to explain. There jealous so they are trying and failing to shoot us down
I don't think "bored" is the right term, it would be better to say if the overseas marketing plan doesn't pay off, which might not if we don't get promoted within the next two years. But if this happens, he takes the debt with him, if there is any, and the chalk it off as a failed business plan. They might find ways to write-off debt, but it won't be loans against the club and it certainly won't be passed onto the club. Can't see this happening though, the venture is very well thought-through they are making money abroad that will cover any investment in the team. Interest will probably increase ten-foil when we are promoted. And don't forget, they also want to promote King Power around the UK - how many people have now heard of this brand name in the UK that hadn't before? I know I was ignorant of the company. This "free" advertising will save them millions anyway. They certainly wouldn't want the company associated with corruption and back-pedaling if they go against their words and drop Leicester in it after they committed to leave Leicester free of any of debt.
Is there anything we can do to make this guy understand? Thais own business. Thais business is good. Thais own football club. Thais want to promote business through football club. Thais make money. Thais will make more money if they get promotion. Thais want promotion. Thais will do what it takes to get promotion. When football club is promoted. Business in Thailand will flourish. Thais will earn lots of money. Thais will stay at football club. Thais will become even more richer. Thais see that being in Europe is good. Thais spend to get in Europe. Thais business does good. Thais want trophy........... See where its going?
Bollocks Promotion will increase the value of the club and increase value of advertising space around the ground, relaying live matches back to Thailand can generate huge amounts of revenue
You said yourself your club has a £35k/w wage structure. If I assume that means £35k/w maximum, and assume that the basic first team are on average on £25k/w, that's 11 players on £25k/w. Forget about the rest for now, because the numbers get ****ing mental as it is. That's £275000 a week going out on the first team alone. That's £14.3 million over the course of a year. If we assume that the rest of the players wages are covered by revenue (a conservative assumption, odds are your revenue doesn't cover the wages of the rest of the squad, the backroom staff etc), then your £10 mill per season is suddenly £24.3 million per season. So that brings your break even forecast to 4 seasons. Probably shorter, I've been very conservative in the estimates, your chairman seems to not care how much money he throws at players. So if after 4 seasons you're not in the Premier League, he's out of pocket. Not by much by his standards, but how long do you keep that up before he gets bored?
You make it sound as if what we're doing is far more risky than what you or anyone else is doing. How many clubs just spend what they earn through gate receipts? Very few. It's the same for anyone relegated from the Premiership. Get loadsa cash from the Prem, spend it on big wages. Not all of them are ****ed when they come down. And when Top sells the club there's still the stadium rights which have to be paid for, that's the point of us being used as an advertising tool, and not a toy.
I started watching football seriously in 1996, so from a personal point of view, I can't really relate to anything that happened before that as I didn't experience it. So as far as I'm concerned, Leeds haven't won anything. In seriousness, and to bring things onto a more relevant topic, do you know that Leeds is the fourth most populous city in the England and the biggest city in the UK to have only one league football team? Bearing this in mind, don't you think your club is MASSIVELY underachieving and your crowds each match are just a little pathetic?
Do you know Muzzy Izzet used to be on 32k a week? And besides, there's lots of thinks you've not factored in, like foreign revenue, memorabilia sales and game rights abroad...these things we didn't have coming in before. By the way, if we're not in the Prem after four season, then I hold my hands up, it's been a colossal f*ck-up and they will probably go, out of pocket. But I can't see this happening...no way.
I thank you for posting a reasonable well mannered response. Getting out will be difficult. He's rich enough that he won't care who he sells to for how much, considering the likely situation the club will be in - debt free yes, but with an unsustainable wage budget that someone would be stupid to take on. So bring on a new owner who gets your club for a steal with an attempt to bring the wage bill down and turn the club back into something that can challenge to get into the premier league. This is where the problem comes in. I'm not sure how long a contract you're tying players down to, so the difficulty in getting rid should this occur is not something I am familiar with. While undoubtedly a few players will be willing to take a pay cut, many won't, but due to the wages being disproportionate to the players current level, finding a new club for them could prove a challenge. There'd be a high likelihood that many players sold would still be getting part of their wages paid by Leicester to cover the gap between what the player wants and what the buying club is willing to pay. Essentially, regardless of how rich your owners are and how much they are willing to take the losses on the chin, if they leave you'll still be in a very fragile financial predicament. Do you genuinely think they'd put more time and effort into leaving the club in a stable state, or do you think they would just get out as quickly as possible to minimise losses?
We are massively underachieving, one of the things we keep getting grief about... Our crowds are pathetic. Ken Bates can be thanked for that in no small part but we do have our fair share of fans who only show up at matches when things start going well.
Again, sustainable in the Premier League, you entered administration after getting relegated. Sustainable by current standards means without losing money or at the very least being able to make up losses in a realistic time frame.
Marko. How about I propose this to you. You leave our board for the time being. The day our owners leave us in a worse position than they were when they arrived you come straight back here and tell us how right you were. Because all your doing now is acting childish, you seem to want us to fail and you're making up every excuse you can to convince yourself that it will happen.
