FOX Franks
Well-Known Member
That's obviously just because Bill Gates invented Covid, duh
2018/19 financial results
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Robin127
Well-Known Member
He only did that so he could implant microchips into everyone via the vaccine...
FOX Franks
Well-Known Member
Are you saying that maybe we should all have bought windows phones?
Because... still not worth it
SilverFox
Well-Known Member
All is obviously not well...
www.nationthailand.com
AOT’s helping hand to King Power 'will cost billions'
Airports of Thailand (AOT) stands to lose more than Bt133 billion from its decision to change the minimum guaranteed payment method to help duty-free giant King Power amid the Covid-19 crisis, a stock analyst at Kasikorn Securities said on Tuesday (August 4).
pork pie fox
Well-Known Member
Sounds like a couple of sides of an agreement working together, though.All is obviously not well...
AOT’s helping hand to King Power 'will cost billions'
Airports of Thailand (AOT) stands to lose more than Bt133 billion from its decision to change the minimum guaranteed payment method to help duty-free giant King Power amid the Covid-19 crisis, a stock analyst at Kasikorn Securities said on Tuesday (August 4).
Lako42
Well-Known Member
Sounds like a fragile situation to me. This isn't going away any time soon either.
If there is one industry that is being bludgeoned on a daily basis then it's air travel and it's associated business.
KP are going to be feeling a lot of pain over the next year or so. Good job they aren't putting any money into the football club then, as we would have this source of finance almost certainly pulled from under us imo.
pork pie fox
Well-Known Member
Yep I agree. I wasn’t trying to minimise the financial threat, I was just commenting that at least the two companies seemed to be working together on this issue. I’m sure there will be more pain to come, too.
Brown Nose
Well-Known Member
Leicester City do owe King Power £180m.
SilverFox
Well-Known Member
Do we owe the owner, or do we owe a bunch of banks for borrowing (possibly guaranteed by the where in the event of default)?
Pinch of salt because I don’t know who this person is and I’ve not analysed their figures (they seem broadly right). They seem to be a finance nerd who has analysed every club. Christ I wish I had time to waste like this guy
Pinch of salt because I don’t know who this person is and I’ve not analysed their figures (they seem broadly right). They seem to be a finance nerd who has analysed every club. Christ I wish I had time to waste like this guy
Brown Nose
Well-Known Member
I'm assuming that the £89m loan from 2010/14 is in addition to the £91m loan from KP to fund the training ground.
If so, we owe KP £180m. No idea whether there is a low interest rate on this but it could explain the payment of £6m we've made to KP over recent years.
The money that we owe is probably secured against assets. I think KP own the stadium and the new training ground, not Leicester City.
The several loans that we have with Macquaire Bank appear to be designed to monetise incoming transfer fees immediately. So, for example, when we sold Mahrez, we took out loans to be able to spend that money immediately when Man City were paying us over 2-3 seasons for him. We did the same when we sold Maguire and then Chilwell.
If so, we owe KP £180m. No idea whether there is a low interest rate on this but it could explain the payment of £6m we've made to KP over recent years.
The money that we owe is probably secured against assets. I think KP own the stadium and the new training ground, not Leicester City.
The several loans that we have with Macquaire Bank appear to be designed to monetise incoming transfer fees immediately. So, for example, when we sold Mahrez, we took out loans to be able to spend that money immediately when Man City were paying us over 2-3 seasons for him. We did the same when we sold Maguire and then Chilwell.
Most large transfer fees are paid in installments. So why do we need all the money up front, unless it's to pay for something other than new players?
Or do transfers from other countries operate in a different way?
Maybe the Chilwell money is paid over a few years, but we had to pay for Castagne up front. Maybe having the ability to pay up front makes it easier to strike a deal.
camberwell fox
Well-Known Member
That was my understanding at the time, too.
Blue Maniac
Alzheimers sufferer
All in £40 notes
SilverFox
Well-Known Member
Borrowing again...
www.leicestermercury.co.uk
City take out another bank loan as follow-up to Chilwell instalment
The latest loan with Australian bank Macquarie is secured against Premier League payments up to January 2023, and supersedes a loan taken out in August last year
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Already posted here: https://talkingballs.uk/threads/theyre-talking-about-us.38159/post-1406066Borrowing again...
City take out another bank loan as follow-up to Chilwell instalment
The latest loan with Australian bank Macquarie is secured against Premier League payments up to January 2023, and supersedes a loan taken out in August last year
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Premier League
| P | Pld | Pts | |
| 1 | Manchester Utd | 17 | 36 |
| 2 | Liverpool | 17 | 33 |
| 3 | Manchester City | 16 | 32 |
| 4 | Leicester | 17 | 32 |
| 5 | Everton | 17 | 32 |
| 6 | Tottenham | 17 | 30 |
| 7 | Southampton | 17 | 29 |
| 8 | Aston Villa | 15 | 26 |
| 9 | Chelsea | 17 | 26 |
| 10 | West Ham Utd | 17 | 26 |
| 11 | Arsenal | 18 | 24 |
| 12 | Leeds Utd | 17 | 23 |
| 13 | Palace | 18 | 23 |
| 14 | Wolves | 18 | 22 |
| 15 | Newcastle Utd | 17 | 19 |
| 16 | Burnley | 16 | 16 |
| 17 | Brighton | 18 | 14 |
| 18 | Fulham | 16 | 12 |
| 19 | West Brom | 17 | 8 |
| 20 | Sheffield Utd | 18 | 5 |
