marvin
New member
But they do have a new ground for virtually nothing and a chance too rebuild their credit rating. 
Got something to say or just want fewer pesky ads? Join us... 😊
If the club goes into admin. this year?
- Thread starter Mullers
- Start date
They had the new ground before going into administration. If it had happened during the construction period the chances are that the building would have been aborted
Construction group Birse has seen its profits fall 82% after writing off a £5.5 million debt from its dealings with Leicester City.
The group said the loss, which resulted from bad debt related to its contract to build the club's £30 million new stadium, pushed pre-tax profits to £1.2 million against £6.7 million last time.
Operating profits in the year to April 30 were £1.1 million against £5 million previously.
Birse said, however, that before one-off costs, pre-tax profits increased 29% to £6.7 million from £5.2 million.
The group said in October that Leicester City's slide into administration would affect profits. The Birse Construction arm built the club's new Walkers Stadium.
Birse wrote off all monies that the Leicester City Group of Companies owed to the division after administrators were appointed to each of the club's operating companies.
A consortium fronted by former City and England striker Gary Lineker rescued the Foxes in February.
But Birse said the administration process had not raised any funds for Birse Construction.
Birse chairman Peter Watson said it would continue to monitor the situation.
But he added: "It would be misleading at this point to give any encouragement that any material amounts of money will be recovered."
July 3 2003
The group said the loss, which resulted from bad debt related to its contract to build the club's £30 million new stadium, pushed pre-tax profits to £1.2 million against £6.7 million last time.
Operating profits in the year to April 30 were £1.1 million against £5 million previously.
Birse said, however, that before one-off costs, pre-tax profits increased 29% to £6.7 million from £5.2 million.
The group said in October that Leicester City's slide into administration would affect profits. The Birse Construction arm built the club's new Walkers Stadium.
Birse wrote off all monies that the Leicester City Group of Companies owed to the division after administrators were appointed to each of the club's operating companies.
A consortium fronted by former City and England striker Gary Lineker rescued the Foxes in February.
But Birse said the administration process had not raised any funds for Birse Construction.
Birse chairman Peter Watson said it would continue to monitor the situation.
But he added: "It would be misleading at this point to give any encouragement that any material amounts of money will be recovered."
July 3 2003
e block rebellion
Member
same old wind up merchants fg,e block ernie now mullers.different threads same old topics.
if the club do have money problems which i 99% doubt after selling well over 4000 season tickets and a million pounds from the sale of bob z,would'nt we be selling players left right and centre and not be looking to sign them.
sorry you really are a misinformed
and don't believe everything you read on here
if the club do have money problems which i 99% doubt after selling well over 4000 season tickets and a million pounds from the sale of bob z,would'nt we be selling players left right and centre and not be looking to sign them.
sorry you really are a misinformed
and don't believe everything you read on here