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Leicester City are debt free!!!!!

Discussion in 'Leicester City' started by Proud Fox, Dec 21, 2013.

  1. Proud Fox

    Proud Fox Well-Known Member

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    Vichai has cleared the debt

    <applause>

    That family have been nothing short of brilliant for our club.

    With the Cardiff and Hull owners doing what there doing how lucky are we
     
    #1
  2. LeicesterWizard

    LeicesterWizard Well-Known Member

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    Give me debt free in the Championship over borrowing in the Prem <ok>
     
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  3. AKCJ

    AKCJ Well-Known Member
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    Couldn't have timed it better.


    Not all foreign owners are turds.
     
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  4. ThaiCanary

    ThaiCanary Well-Known Member

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    Does this include internal debt too?

    Norwich are debt free but only in an external sense, we still own money to some of the shareholders, should they call the debts back, although it is believed that will not happen.
     
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  5. Proud Fox

    Proud Fox Well-Known Member

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    We are completely debt free

    Owners have turned £103M debt into Equity.

    It makes life easier for us to pass FFP and obviously secures of future and once again reaffirms their commitment
     
    #5
  6. ThaiCanary

    ThaiCanary Well-Known Member

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    To be applauded, quite an achievement when in the 2nd tier <ok>
     
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  7. LeicesterWizard

    LeicesterWizard Well-Known Member

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    Looks as though we are still making a loss finacially.

    http://www.leicestermercury.co.uk/F...s-huge-debts/story-20352762-detail/story.html

    But it looks as though what the owners have done will save a few million a year as to keep in the £8m limit next year.

    Can't imagine that we will be partaking in the January sales though, no point in clearing debt just to get back into it.
     
    #7
  8. THE FOXES 1884

    THE FOXES 1884 Well-Known Member

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    That Cardiff **** needs to go for a swim in southend... Kray twins style.
     
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  9. leicester_ed

    leicester_ed Well-Known Member

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    So does this effect FFP?
     
    #9
  10. Proud Fox

    Proud Fox Well-Known Member

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    Saves 4M a year in interest
     
    #10

  11. leicester_ed

    leicester_ed Well-Known Member

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    im really getting confused. The money has come from the owners not the club but i know we cant do that with transfers. Im confused.
     
    #11
  12. Proud Fox

    Proud Fox Well-Known Member

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    The club no longer needs to repay the owners

    They have turned the loan into an investment
     
    #12
  13. THE FOXES 1884

    THE FOXES 1884 Well-Known Member

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    Does this mean it´s going to be an interesting Jan transfer window for LCFC ?

    Barton gets sent off ? WTF ? never.
     
    #13
  14. over18and legal

    over18and legal Well-Known Member

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    A great win over DQPR. Well done. <cheers>
     
    #14
  15. Proud Fox

    Proud Fox Well-Known Member

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    What a 3 points. Get in

    Vichai clears the debt and 3 points

    Great way to start Christmas
     
    #15
  16. over18and legal

    over18and legal Well-Known Member

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    Allam is not a turd.
    He is just a deluded old **** who shows no respect to fans feelings and history. Plus his spat with the Council is ****ing embarasing. It is like kids in a playground.
     
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  17. Barwellfox

    Barwellfox Well-Known Member

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    Fabulous gesture by our owners - saving 6-7 million on interest per annum. That in itself would have tipped us over the FFP rulings (£8m) without the silly wages we are still paying. Will save a massive fine, which ultimately would have hit the owners bankroll - so makes fiscal sense.
     
    #17
  18. LeicesterWizard

    LeicesterWizard Well-Known Member

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    Unlikely, we have Pearson as our manager you know! :p

    The owners basically said "its alight guys, these debts are on me" so now hes not asking for interest from the club for his cash, which will only benefit him if hes going to be at the helm for a long time <ok>
     
    #18
  19. nzfoxfan

    nzfoxfan Well-Known Member

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    The win over QPR was great but this is so much more important. Fantastic Christmas present to the supporters.
     
    #19
  20. Proud Fox

    Proud Fox Well-Known Member

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    The owners present was even more important then that. Its secured the future of our football club
     
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