Lamps
Well-Known Member
Desperate measures?
Look at the reality of the situation instead of muddying the waters with someone I haven't mentioned.
Desperate measures?So you think they will go into liquidation and fall down the football pyramid?
Kieran maguire said we were in debt over £100 million - we weren’t
So how do you think they will turn it around?Yes, I do, thanks. They’re likely in for a difficult couple of years but they won’t disappear.
Desperate measures?
Look at the reality of the situation instead of muddying the waters with someone I haven't mentioned.
So how do you think they will turn it around?
Administration looks favourite but liquidation isn't out of the question.
They will have to downsize, they will have to sell off the squad, but they aren’t going bust. Top will eventually see sense and get out, a white knight will appear and they’ll sort themselves out.The Analysis Series: Leicester City’s fall from grace
Financial and strategic analysis of Leicester City Football Club and the King Power International Group The financial evolution of Leicester City Football Club Limited across 2024/25 and 2025/26 c…theesk.org
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Isn't it great how you always know more than the experts then disappear for a few days when you see the truth.
How many millions do you think they will owe the taxman from the last year alone? Then add a minimum of 15m for the running costs of the training ground. How much were their players on this season where they had to loan money to pay their wages.What do they owe the taxman? Have they even issued a winding up order?
Where does that leave Macquarie Bank?Wipe the debts as per Sisu
Don't be your normal contradictory self. I said the odds are administration but liquidation isn't out of the question. Would you like me to quote myself?You keep saying liquidation and the club owing IR? I see no evidence of the IR issuing a winding up order - there’s every possibility the owners will place them into administration and they get another points deduction but the notion they will be liquidated is for the birds
How many millions do you think they will owe the taxman from the last year alone? Then add a minimum of 15m for the running costs of the training ground. How much were their players on this season where they had to loan money to pay their wages.
How much will they bring in now they're a L1 side?
Where does that leave Macquarie Bank?
(Genuine question, this kind of stuff bamboozles me)
SISU owed it to themselves as you well know. Leicester City owe it to someone else.Wipe the debts as per Sisu
Been going on for a few years now. Macquirie bank is owed a lot of money and could in theory put the club into liquidation over it. They are owed a lot of millions just in interest alone. They have even mortgaged the money owed by clubs for players they sold.
Welcome to the Grendel fan club as usual.Thee sums involved are chicken feed to them
Welcome to the Grendel fan club as usual.
Wiping out a 9 figure sum will be done no problem I suppose.
So who have they got to sell? They're now a L1 side with serious financial problems. The players they paid a 9 figure sum for are now coming to the end of their contracts and those that are not are still draining money out of them. Winks is said to still be on 90k a week and has a year left on his contract.They will have to downsize, they will have to sell off the squad, but they aren’t going bust. Top will eventually see sense and get out, a white knight will appear and they’ll sort themselves out.
If Sheffield Wednesday can get themselves straight, Lesta definitely can.
So will they write off a massive amount of money without chasing it up as far as they can?What are you talking about now?
Calista asked where does this leave Maquarie?
I simply said the sum is chicken feed to them, which given they're worth tens of billions, it is.
So will they write off a massive amount of money without chasing it up as far as they can?
So will they write off a massive amount of money without chasing it up as far as they can?
Fatawu for a start will still probably go for an 8 figure amount.So who have they got to sell? They're now a L1 side with serious financial problems. The players they paid a 9 figure sum for are now coming to the end of their contracts and those that are not are still draining money out of them. Winks is said to still be on 90k a week and has a year left on his contract.
Pretty sure Macquaries debt is a charge against the King Power and the training ground, Not sure even admin can wipe thatNo bank writes off millions without pursuing its retrieval to the very end.
I never said they'd write it off, I was merely answering Calistas question.
Where does that leave Macquarie bank?No bank writes off millions without pursuing its retrieval to the very end.
I never said they'd write it off, I was merely answering Calistas question.
So they will lend countless millions more just so a bankrupt business can continue to lose countless millions more each year?FFS they will have zero control if it went into administration- it’s more likely they’ll lend more money to stay afloat!
To rephrase my question, what stance are Macquarie likely to take in an administration scenario?Thee sums involved are chicken feed to them
That would keep them going for a few months at the most.Fatawu for a start will still probably go for an 8 figure amount.
So they will lend countless millions more just so a bankrupt business can continue to lose countless millions more each year?
It's hard to say. They would probably go for what would be the best for them. None of us know how the contracts are worded or what guarantees were offered but they certainly would have covered themselves as much as possible. If liquidation would give them more money that's the way they would go.To rephrase my question, what stance are Macquarie likely to take in an administration scenario?
To rephrase my question, what stance are Macquarie likely to take in an administration scenario?
It's hard to say. They would probably go for what would be the best for them. None of us know how the contracts are worded or what guarantees were offered but they certainly would have covered themselves as much as possible. If liquidation would give them more money that's the way they would go.
The top clown is back.Liquidation means they get nothing you clown
The top clown is back.
Explain one thing. If putting a company into liquidation means you get nothing why does any company ever get put into liquidation?
The problem for Sheffield Wednesday was not being able to pay football debts. This has given them about 40 points deductions over 2 seasons.They will have to downsize, they will have to sell off the squad, but they aren’t going bust. Top will eventually see sense and get out, a white knight will appear and they’ll sort themselves out.
If Sheffield Wednesday can get themselves straight, Lesta definitely can.
If someone puts them into liquidation like HMRC or Macquarie bank they will be saved by putting themselves into administration?If administration is declared they have no take on it it’s down to administrators
If someone puts them into liquidation like HMRC or Macquarie bank they will be saved by putting themselves into administration?
You're bloody clueless.
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