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Could Leicester go bust?

robbied2 said:
You mean Rockliffe Hall? The very successful bit through me that's all.
It's posted one year of profit( 2022) since it opened, and that's only because people were doing "staycation". Cough Cough 🤣🤣
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Whether you like it or not, it’s a very successful business that is growing in value year on year, and it’s co-located with a football training facility, which was the original point of topic - hence there is no reason why Leicester can’t make theirs successful. (Your comment is like saying that Man City aren’t a successful football club because they post an operating loss most years).
 

Kent Boy 2 said:
Whether you like it or not, it’s a very successful business that is growing in value year on year, and it’s co-located with a football training facility, which was the original point of topic - hence there is no reason why Leicester can’t make theirs successful. (Your comment is like saying that Man City aren’t a successful football club because they post an operating loss most years).
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It's completely different, comparing a hotel that's losing money pretty much every year to a football club that has saleable assests, it's just not comparable.
 
robbied2 said:
It's completely different, comparing a hotel that's losing money pretty much every year to a football club that has saleable assests, it's just not comparable.
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They are both pretty much exactly the same. They are both losing money each year, whilst paying off loans that they have used to increase the value of their assets, whilst the loss is then tax deductible to their parent company. Oh, and by the way, let’s go back to the original point - it’s a successful hotel co-located with a football training facility.
 
Kent Boy 2 said:
They are both pretty much exactly the same. They are both losing money each year, whilst paying off loans that they have used to increase the value of their assets, whilst the loss is then tax deductible to their parent company. Oh, and by the way, let’s go back to the original point - it’s a successful hotel co-located with a football training facility.
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OK you win its a highly successful hotel (despite only being in profit for one year in its existence) on a football trainning ground. Maybe you should write to LCFC and tell them to turn theirs into a hotel, open it to the public and increase the golf course to 18 holes, so they can maybe make a profit one year out of the next 20. Bored now.
 
nelford_safc said:
How do you come to this conclusion though? What is happening to Leicester financially could happen to the Saudi's 57 times over and they could afford to settle the debt with 1% of their wealth.

I kind of see it like us paying ÂŁ1 a year for Netflix. We never watch it but we can't be arsed to cancel it. If we ever need it, it's there.
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My point is there are some arguing that PSR unfairly penalises clubs like the Mags / Villa, as there’s no chance apparently of their owners leaving them in the shite financially. Which is completely bollocks.
 
ÂŁ180m is a chunk to find.
I guess there's some serious bank loans involved at this point.
 
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