Reply With QuoteI thought they recently wiped off all the debt
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Former Premier League Champions currently have a net debt of £312m according to @swissramble
Staggering when you consider their recent fortunes.
I thought they recently wiped off all the debt
Link hereOriginally Posted by 2b2bdoo
https://swissramble.substack.com/p/l...inances-202122
the club noted that the increasing level of debt was addressed after the end of the season by King Power converting another £194m of debt and accrued interest into equity, thus strengthening the balance sheet
Yeah they did.
Debt to equity.
Though it's just transferring the debt from the 'club' to the 'owners'. It's not exactly wiping it off, but it does make the club appear a more attractive proposition.
Not up to speed with DTE, but I thought there was a limit in how much an owner could convert within a season , £300m seems an awful lot to me.
Vincent Tan does this at CCFC on a regular basis.
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