They are billionaires though. Leicester would be very worried if they weren't with the amount they have spent. It's the Liebherr's money, not ours. If other people think we don't have money to spend, then let them. We're still top of the league. Most pundits are pretty ignorant of goings on outside of the PL.
Not necessarily. If women ended every relationship because the man was an idiot the human race would die out
They're not. http://fourfourtwo.com/lists/thefootballrichlist201112thefull100.aspx "44. Vichai Raksriaksorn £132m Leicester City (New entry) A keen polo player, Vichai Raksriaksorn owns the VR Polo Club in his native Bangkok. But as one of Thailand's richest men, he also took over Leicester City, the championship football club, in August 2010 in a deal reckoned to be worth £39m. Raksriaksorn has a £132m fortune according to the latest Thai Rich List. He owns duty-free stores at all of Thailand's international airports through his company King Power Duty Free; he also owns commercial properties at Bangkok's Suvarnabhumi International Airport, one of Asia's largest. Oh, and he sponsors the Thai national football league. His son Aiyawatt is vice-chairman of the Foxes, and the pair have big ambitions for the club." Also: http://en.wikipedia.org/wiki/List_of_English_football_club_owners#Championship - So roughly £115m-£140m
He's doing it all on loans, if you saw that Football Documentary a while back it said about, do up facilities, stick your brand all over the place, employ a big name manager, buy well-known and good players, sell TV rights to Asia and other nations, get to the Premier League and then sell the club for a profit. Sounds to me very much like what they are doing.
Ouch. I presume there is quite a bit of borrowed money involved? I had assumed they were billionaires given the reckless spending. £132m won't bankroll what they're doing for long.
Does the Championship have much appeal in Asia? Would they pay to watch some overrated PL rejects managed by an enormous fraud when they can pay to watch actual PL football? I'm glad we aren't in their shoes right now and I was glad we weren't in their shoes at the start of the season. Even more so now that you've informed me that they aren't billionaires. Not that I'd be hugely concerned if the Liebherrs' weren't either as we are being sensible. Them giving it large at the start of the season was pretty funny.
The thing I'm most glad about is that we didn't try and sign the players they did. Beckford, Vassell, Mills etc, it's like the owners had been playing Football Manager 2011. PS West Ham's owners = lol
Every time I hear stuff like this about other football team, I'm even more grateful for our owners. We are being run correctly and kept within a proper budget. The FA should have kept things on a tighter rein...it's so wrong for teams to be run like this. It's the fans who really suffer. An ex-Pompey player was on Goals on Sunday and he said that he couldn't see where their money was coming from. He said that Pompey had little money from ticket sales and no real source of other income. Financial controls should have been brought in earlier.
