King Power

[Lako42]

Could this affect our pending shirt sponsorship with Office Depot?

Nope, this is a nailed on certainty

 

[lazzer]

Could this affect our pending shirt sponsorship with Office Depot?

Really ? Wow I should get a bet on

 

[Orifice]

Can we just get Topps Tiles back?

 

[Matt_B]

Can we just get Top's Tiles back?

Fixed

 

[Brown Nose]

Thailand have been added to the red list so Top is unlikely to be coming back anytime soon.

I can't imagine he'd fancy 10 days quarantining in a hotel.

 

[Jimmy Lad]

Thailand have been added to the red list so Top is unlikely to be coming back anytime soon.

I can't imagine he'd fancy 10 days quarantining in a hotel.

 

[Brown Nose]

 

[M17TT C]

So we're essentially all-in??

The success is great but our model seems unsustainable in the long run when looking at our wage:revenue ratio - no other teams is anywhere near us based on the last figures I seen (we were the only team spending more than 100% of revenue of wages alone).

Would be interesting to see the actual terms of the agreement though rather than just the definitions.

 

[pork pie fox]

So we're essentially all-in??

The success is great but our model seems unsustainable in the long run when looking at our wage:revenue ratio - no other teams is anywhere near us based on the last figures I seen (we were the only team spending more than 100% of revenue of wages alone).

Would be interesting to see the actual terms of the agreement though rather than just the definitions.

I think the figures were a bit skewed by the timing of recognising the tv income, as far as I can remember, so a quarter of that will show in the following year’s figures. Is that right?

Is this arrangement a bit like when companies borrow against invoices, instead of having to wait for income? I trust that they know more than me about what is risky and what is sustainable, but who knows.

The way we continued to pay staff through the Covid shutdown suggests to me that we’re not exactly looking down the back of the sofa for change.

 

[Feriol]

It doesn't necessarily mean we have borrowed the entire value of the TV money until 2025, just that it is secured on that income.

 

[camberwell fox]

Is this arrangement a bit like when companies borrow against invoices, instead of having to wait for income? I trust that they know more than me about what is risky and what is sustainable, but who knows.

Factoring.

 

[M17TT C]

I think the figures were a bit skewed by the timing of recognising the tv income, as far as I can remember, so a quarter of that will show in the following year’s figures. Is that right?

Is this arrangement a bit like when companies borrow against invoices, instead of having to wait for income? I trust that they know more than me about what is risky and what is sustainable, but who knows.

The way we continued to pay staff through the Covid shutdown suggests to me that we’re not exactly looking down the back of the sofa for change.

Not too sure on the TV money you mentioned and I am also no accountant so I also most definitely fall in to the category that I trust they know more than me.

I can just remember those wage to revenue figures and on the face of it, we were spending way above our means but then this is the first year in a while we haven't sold a 'big' player so we must be doing OK.

Interest rates are still really low too so I guess it makes sense to take advantage of it whilst we can but there is a slight risk in essentially advancing TV money from a competition that we aren't guaranteed to be playing in every year up to 2025.

 

[Blue Maniac]

Not too sure on the TV money you mentioned and I am also no accountant so I also most definitely fall in to the category that I trust they know more than me.

I can just remember those wage to revenue figures and on the face of it, we were spending way above our means but then this is the first year in a while we haven't sold a 'big' player so we must be doing OK.

Interest rates are still really low too so I guess it makes sense to take advantage of it whilst we can but there is a slight risk in essentially advancing TV money from a competition that we aren't guaranteed to be playing in every year up to 2025.

Even if we go down this season and don’t come back up the club will get parachute payments until 2025/26

 

[pork pie fox]

Not too sure on the TV money you mentioned and I am also no accountant so I also most definitely fall in to the category that I trust they know more than me.

I can just remember those wage to revenue figures and on the face of it, we were spending way above our means but then this is the first year in a while we haven't sold a 'big' player so we must be doing OK.

Interest rates are still really low too so I guess it makes sense to take advantage of it whilst we can but there is a slight risk in essentially advancing TV money from a competition that we aren't guaranteed to be playing in every year up to 2025.

The interruption of the 2019/20 season in March significantly affected both costs and revenue during the final three months of the season, as well as the financial period in which they are accounted. Principal costs such as the majority of the Club’s contribution to the Premier League’s broadcaster rebate, were borne in the accounts before the year-end, while the extension of the season’s conclusion has meant almost a quarter of Premier League revenues, prize money and sponsorship revenue will be not recognised as income until the 2020/21 financial year.

LCFC Financial Results 2019/20

Leicester City Football Club today announces its financial results for the year-ending 31 May 2020 – the first published measurement of the impact of COVID-19 on the Club’s finances.

www.lcfc.com

 

[fitz]

Is this arrangement a bit like when companies borrow against invoices, instead of having to wait for income? I trust that they know more than me about what is risky and what is sustainable, but who knows.

Factoring type arrangements usually involve the factoring company chasing your debts to get their money as the risk becomes theirs. They buy your debtors at a fee and get the risk that comes with it. I would imagine this is more like a standard loan with our revenue deal as a security incase we don't pay when due.....interest rates would be lower I'd guess as it's unlikely the tv deal doesn't pay lcfc unless someone's scranning a bat and shit kicks off again.

 

[fitz]

The interruption of the 2019/20 season in March significantly affected both costs and revenue during the final three months of the season, as well as the financial period in which they are accounted. Principal costs such as the majority of the Club’s contribution to the Premier League’s broadcaster rebate, were borne in the accounts before the year-end, while the extension of the season’s conclusion has meant almost a quarter of Premier League revenues, prize money and sponsorship revenue will be not recognised as income until the 2020/21 financial year.

LCFC Financial Results 2019/20

Leicester City Football Club today announces its financial results for the year-ending 31 May 2020 – the first published measurement of the impact of COVID-19 on the Club’s finances.

www.lcfc.com

If we've got any sense then 20/21 accounts will be ****ing dreadful.....what with ffp ceasing to be a thing for a while.

 

[fitz]

Is this arrangement a bit like when companies borrow against invoices, instead of having to wait for income? I trust that they know more than me about what is risky and what is sustainable, but who knows.

Factoring type arrangements usually involve the factoring company chasing your debts to get their money as the risk becomes theirs. They buy your debtors at a fee and get the risk that comes with it. I would imagine this is more like a standard loan with our revenue deal as a security incase we don't pay when due.....interest rates would be lower I'd guess as it's unlikely the tv deal doesn't pay lcfc unless someone's scranning a bat and shit kicks off again.

I've just noticed the feckin image on the tweet that wasn't showing for me earlier. Aye, tis pretty much the same as you say...but as we're presumably talking about money that's unlikely to not be paid by the league then rates given will be fairly favourable....plus just 1 debtor and so on. Just like a cash advance for what we're expecting innit. Would be interesting to know if the amount we're securing is based on the lowest possible (parachute payments) or an estimate....or other?

Cost of ground expansion, training ground etc would be secured against something regardless of loan arrangements you'd expect? Be it future assets or existing ones. X years of t.v. rev being much more than existing stadium value.