Biffa Bacon
Well-Known Member
ManU would not have any trouble raising finance if necessary and Chelski could sell the land the ground is on for plenty of cash. Clubs like city are in far more trouble.
LCFC Announce 2011/12 Financial Results
- Thread starter Foxes_Trust
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ManU would not have any trouble raising finance if necessary and Chelski could sell the land the ground is on for plenty of cash. Clubs like city are in far more trouble.
Mawsley
Well-Known Member
You missed out the most important ones, Matt: some fans want to see clubs reintegrating back into the community, offering tickets for half of what they currently go for and (therefore) become sustainable through ongoing support.
I was there when we were shit and I was there when we were shit again...your fans who are seeking to see the best players and success sure as **** won't be there when we are shit again in the future.
The problem with operating this model is that only works with assured, constant mid-table top flight football. But we are Leicester, this isn't our history and it won't be our future. Just because other clubs may operate in such a manner simply makes it worse as a choice, it doesn't justify it in my book.
Where will clubs be once they've alienated all of the traditional fans? As much as I might rib the Trust, I acknowledge that they share these concerns (as do most of us to a lesser or greater extent, I guess) but I fully understand I'm pissing into the wind here.
What I don't get is how people can support the notion that we can pay average to shit players and average to shit managers ****ing obscene salaries? I really think there is an alternative. Christ, I'm beginning to miss Huuuuuuuume. :icon_bigg
Cate Fox
Well-Known Member
SJN-Fox
Well-Known Member
Just had a look at Forbes list which ranks the owners as having a net worth of around £150m. Looking at some of the figures being bandied around means that nearly half of that is tied up in the club. The level of money spunking is not only unsustainable by the club but by the owners as well. Worrying times if we don't get promotion this season.
Chrysalis
Active Member
clearly, but I am addressing the debt and interest issue.
Obviously we still have a big FFP problem.
Chrysalis
Active Member
Thats their personal wealth, the investment has come from king power itself.
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Lako42
Well-Known Member
King Power brings in over £1b a year so I wouldn't worry.
So did Comet.
Lako42
Well-Known Member
So did Apple
Isopen
Member
Another recent King Power purchase (article from 7th Dec 2012)
Asian duty-free specialist King Power has acquired the Bordeaux wine estate Chateau Bernadotte from Champagne Louis Roederer for an undisclosed sum, the company said Thursday.
King Power, which has offices in Bangkok and Hong Kong, also has investments in food and beverages, including wine interests in China, real estate, manufacturing, sports, brand development and leisure.
The acquisition of Chateau Bernadotte marks a new departure for the company, broadening its drinks and retail strategy, while capitalising on a synergy between its various activities.
Chateau Bernadotte operates a 40-hectare vineyard in Bordeaux's prestigious Medoc region, producing 200,000 bottles a year.
It is ranked as a Cru Bourgeois, below the level of classed growth wines but still considered to be of good quality. A bottle of a recent vintage would retail at the cellar door for around 10 euros ($13).
The property was acquired by Roederer in 2007 when the Champagne family bought second growth Chateau Pichon Longueville Comtesse de Lalande.
Roederer has invested millions in renovating and improving their Bordeaux properties, but this is the second estate it has let go, following the sale of Chateau Reaut to a group of investors.
Originating in Hong Kong, King Power is a major player in the duty free sector across Asia. It operates a retail network carrying an extensive portfolio of top drawer brands, including Cartier, La Perla and Godiva.
In 2006, the group acquired French costume jewellery chain Agatha.
In the drinks business, it already distributes brands including Hennessey, Remy-Martin, Courvoisier, Dom Perignon, and Bordeaux first growths Chateau Lafite-Rothschild and Chateau Mouton-Rothschild.
..
In another related article on this purchase it states "It operates more than 500 retail outlets across the world, including a leading chain of duty free stores."
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M17TT C
Well-Known Member
Do, and probably will do so for many years to come.
Isopen
Member
Meanwhile Thailand - The Nation website reporter BAMRUNG AMNATCHAROENRIT - wrote on June 22, 2012 1:00 am
After woes, King Power eyes sales hike
King Power Group expects sales at its King Power duty-free shops to increase this year for the first time in six years - by 10 per cent to Bt35 billion - after suffering from business barriers at Suvarnabhumi Airport, a big money spinner for the company.
The firm had been hit with unexpected events that undermined tourist confidence, including the military coup, political demonstrations between red- and yellow-shirt groups and last year's devastating floods.
The biggest blow came from the temporary closure of Suvarnabhumi by yellow-shirt demonstrators, vice chairman Chulchit Bunyaketu said yesterday.
However, if the political chaos is repeated, it may undermine the company's sales target.
It also runs duty-free shops in Phuket and Chiang Mai. The Bangkok duty-free store is considered as price-competitive with regional rivals, being 5-10 per cent cheaper.
King Power has 400,000 active members, with Thais the major customers at 27-28 per cent, followed by the Chinese at 25 per cent. The financial crisis in Europe has not dented sales so far. Most Western travellers are spending less on shopping as their budget is used to cover necessary expenses.
The firm will continue to focus more on Asians, especially from India, South Korea, China and Japan, Chulchit said. The reason is that they have more purchasing power, especially the Chinese. Their average spending at King Power duty-free shops has jumped to Bt4,000 from Bt800 in recent years. Chinese shoppers like to buy branded products.
To attract Chinese people, the firm is looking for new imported brands to offer. It is also expanding its local customer base by introducing international brands such as Prada, which will be launched in the near future. And it will form relationships with corporations to boost the number of shoppers.
Looking at a currency converter site you get circa 45 bhts to the £1, so 0.78 billion £'s
After woes, King Power eyes sales hike
King Power Group expects sales at its King Power duty-free shops to increase this year for the first time in six years - by 10 per cent to Bt35 billion - after suffering from business barriers at Suvarnabhumi Airport, a big money spinner for the company.
The firm had been hit with unexpected events that undermined tourist confidence, including the military coup, political demonstrations between red- and yellow-shirt groups and last year's devastating floods.
The biggest blow came from the temporary closure of Suvarnabhumi by yellow-shirt demonstrators, vice chairman Chulchit Bunyaketu said yesterday.
However, if the political chaos is repeated, it may undermine the company's sales target.
It also runs duty-free shops in Phuket and Chiang Mai. The Bangkok duty-free store is considered as price-competitive with regional rivals, being 5-10 per cent cheaper.
King Power has 400,000 active members, with Thais the major customers at 27-28 per cent, followed by the Chinese at 25 per cent. The financial crisis in Europe has not dented sales so far. Most Western travellers are spending less on shopping as their budget is used to cover necessary expenses.
The firm will continue to focus more on Asians, especially from India, South Korea, China and Japan, Chulchit said. The reason is that they have more purchasing power, especially the Chinese. Their average spending at King Power duty-free shops has jumped to Bt4,000 from Bt800 in recent years. Chinese shoppers like to buy branded products.
To attract Chinese people, the firm is looking for new imported brands to offer. It is also expanding its local customer base by introducing international brands such as Prada, which will be launched in the near future. And it will form relationships with corporations to boost the number of shoppers.
Looking at a currency converter site you get circa 45 bhts to the £1, so 0.78 billion £'s
Hazzman
New Member
I thought it was a turnover of £1 billion
Brown Nose
Well-Known Member
Mawsley
Well-Known Member
I thought so too. To me it screams "you don't know what you're doing"
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Hazzman
New Member
It's nothing more than what anyone with a reason amount of intelligence knows. The Thai's face a decision:-
a) keep gambling. One season everything might click.
b) stick with a manager and allow them to build a squad over two to three years. Thereby at the end of the third years, at least there is some wage control albeit there may be some disappointment.
Personally, the reason I largely stand by keeping our manager is Option B. Because that's the only option which will lead to a long-term future for this club. Option A is a constantly gamble every time the club attempts it.
That said I am also hoping the current manager is learning from the current slump as opposed to ignoring it.
Lako42
Well-Known Member
I doubt his stuburn and arrogant personality allows for such learning.
He seems to have the arrogance of Jose Mourinho and the tactical awareness of Mike Bassett
Willlow
Well-Known Member
Strange that you have some members in one thread suggesting NP should be sacked in the summer if we don't get promoted - which will result in extra financial costs, through compensation, new transfers, etc, etc. Yet post in here saying the owners are spending too much and we are going to end up in trouble.
The rise in salary costs after having to pay off the contracts for several crap players
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