Yesterday we commented on the clubs current situation, potential sale and all that has been written and reported in recent weeks, regarding the supposed sale of the club, brochures, etc, etc. To that point the club had not gone public with anything regarding a sales process.
We described the situation as strange and far from an expected behavioiur regarding such a major move.
Today the club came out officially with a statement telling us King Power had turned £8,5million of loans to the club, into equity. This will ease pressure, and believed to be done, according to their season budget in League One, but a very tiny amount with no real significant impact on the total depth situation.
Continue reading “Depth to Equity, Official Statement, Committed Ownership?”
