| Leicester City any accountants in the house 09:42 - Jan 24 with 1578 views | Pinewoodblue |
Reading the Rude Ven nastyboy post prompted me to have a look at Companies House activity for Leicester City.
https://find-and-update.company-information.service.gov.uk/company/04593477
They have been very busy recently with lots of secured loans being taken out and others being settled. Only this week they registered a loan secured against Premier League payments for seasons 26/27 & 27/28, or against parachute payments. To a layman they seem to be in an awkward position financially. Anyone in a position to explain what it all means.
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| Leicester City any accountants in the house on 09:51 - Jan 24 with 1442 views | dirtyboy |
Without looking, loans secured against future contracted payments is not unusual, so that's probably expected.
It only really unravels when you can't afford payments when your income goes down. |  | | |
| Leicester City any accountants in the house on 09:55 - Jan 24 with 1390 views | ElderGrizzly |
| Leicester City any accountants in the house on 09:51 - Jan 24 by dirtyboy |
Without looking, loans secured against future contracted payments is not unusual, so that's probably expected.
It only really unravels when you can't afford payments when your income goes down. |
Haven't we done something similar? |  | | |
| Leicester City any accountants in the house on 10:12 - Jan 24 with 1243 views | Pinewoodblue |
| Leicester City any accountants in the house on 09:55 - Jan 24 by ElderGrizzly |
Haven't we done something similar? |
Yes but this season & next, not years up to 3 years ahead. | |
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| Leicester City any accountants in the house on 10:20 - Jan 24 with 1153 views | ArnieM |
In a financial mess again it seems, yet still they don't get points deducted! |  |
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| Leicester City any accountants in the house on 10:48 - Jan 24 with 927 views | OldFart71 |
As laymen we will never know the murky world of accounts. Where moving things from one column to another. The Tories for instance a few years back cancelled the Triple lock due to wage inflation supposedly being at 6% a figure never achieved , as the figure given for inflation is taken in the September of the year before the increase the next April this came out at 3.1% but the figures for the previous month and then the month after were both higher and continued up to 11%. In my opinion this was sleight of hand and by moving some of the inflation figures to October 4.3% they saved themselves millions and did pensioners out of the increase they should have had. The mad world of football where even clubs with vast International support and sales of merchandise don't make a profit due to the huge sums paid for players and their wages. Unless I am imagining it I believe I heard that Man Utd have informed supporters that prices will have to increase due to them fearing breach of fair play rules. |  | | |
| Leicester City any accountants in the house on 10:59 - Jan 24 with 841 views | Keno |
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