Flying Fokker
Well-Known Member
Wasn’t it just the stadium?
Mike Ashley rumours (2 Viewers)
- Thread starter Didge76
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SkyBlueDom26
Well-Known Member
Tbh I wouldn’t be against him banning the Coventry telegraph
Flying Fokker
Well-Known Member
We get it.
I think they were pissed off at the ground being renamed too... Something that has now become common place. I'd like to see him involved personally a lot more experience and clout than Doug. Not that I don't think he has been good for the club too!
Terry_dactyl
Well-Known Member
And would this be a big deal to him if he did?
Flying Fokker
Well-Known Member
It’s ok to charge your own businesses rent isn’t it?
AFCCOVENTRY
Well-Known Member
Bit disrespectful to call Doug a cooking oil sales man. He’s more successful than your average Joe.
Before owning Coventry, King had other business interests that allowed him to purchase the Championship club.
The businessman is the CEO of Yelo Enterprises, which is a sustainable farming organisation, and is claimed to be at the forefront of the UK food and agricultural industry, as stated on their website.
King has recently invested £70 millionin the business, as they are constructing a state-of-the-art oilseed processing facility that uses renewable energy.
King also has another business, and that is RCMA Capital LLP, which he co-founded and majority owns.
King started his career with the food company Cargill and came through the ranks with the company. After 10 years, he left the company to become head of global petroleum trading for Crown Resources, as well as an energy marketing consultant. He then founded Aisling Analytics in 2004 along with his business partner.
The Coventry owner is said to be very wealthy, as he’s got his own businesses as well as Coventry football club. It is hard to put an official figure down, but according to some outlets, King is said to have a net worth of around $400 million.
Before owning Coventry, King had other business interests that allowed him to purchase the Championship club.
The businessman is the CEO of Yelo Enterprises, which is a sustainable farming organisation, and is claimed to be at the forefront of the UK food and agricultural industry, as stated on their website.
King has recently invested £70 millionin the business, as they are constructing a state-of-the-art oilseed processing facility that uses renewable energy.
King also has another business, and that is RCMA Capital LLP, which he co-founded and majority owns.
King started his career with the food company Cargill and came through the ranks with the company. After 10 years, he left the company to become head of global petroleum trading for Crown Resources, as well as an energy marketing consultant. He then founded Aisling Analytics in 2004 along with his business partner.
The Coventry owner is said to be very wealthy, as he’s got his own businesses as well as Coventry football club. It is hard to put an official figure down, but according to some outlets, King is said to have a net worth of around $400 million.
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fernandopartridge
Well-Known Member
Yes. Otherwise the company that's core business is operating the stadium loses a core income stream.
Frankly_Mr_Shankly
Well-Known Member
Come on Dawkins, you need to let go of your bitterness towards DK
Gynnsthetonic
Well-Known Member
Dont most clubs that own their own stadium split them into separate businesse, I'm sure when we were at HR they were
alexccfc99
Well-Known Member
To be fair since Vichai died they've been run pretty bad (compared to what they were)A mate sent me a link to the Festa forum yesterday. Some of the fans now want new ownership and want the Thai lot gone.
Obviously it's no longer the dad in charge, but it did make me reflect on how fickle us football fans can be to ownership.
That's not a dig at anti King posters here. But ultimately the dream owner is massively wealthy, not too involved in running the club, doesnt appear in public
Partly understandable, my dad once owned a car garage and if he had gone before his time I'd have had no clue what to do with it
The lad should just hand it over to someone else cause off the pitch they have lost their way massively
Gynnsthetonic
Well-Known Member
No I think he should keep it
fernandopartridge
Well-Known Member
No, he's doing a fine job
They're complaining now but this is basically the consequence of them trying to live with the big boys, which they all wanted
alexccfc99
Well-Known Member
I was trying to keep bias aside but through Sky Blue tinted glasses I agree with you
AFCCOVENTRY
Well-Known Member
As for Dawkins he ain’t got a penny to buy the club and he might know some people to introduce but he really isn’t in a world where he deals day to day with HNWI business and investment people.
Gynnsthetonic
Well-Known Member
MalcSB
Well-Known Member
I’m not sure they would entirely agree.
The rot started when the father was still there. Immediately following the premier league win they started paying way over the odds salaries to players in a bid to become a Champions league team. At one point they had the 5th highest wage bill in the league. It was a totally unsustainable approach.
They are still doing it now …..
Cov kid 55
Well-Known Member
Brilliant!!
alexccfc99
Well-Known Member
After his dad died they chased the Champions League, accrued a vastly overpaid and overrated squad in doing so who absolutely flopped finishing in the Top 4 on the final day two seasons running and now they are paying the price for it
Also worth noting that King Power make their money through Duty Free in Airports and over that time as well travel was severely limited due to COVID
Sick Boy
Super Moderator
Doesn't he also own a hedge fund?
Gynnsthetonic
Well-Known Member
Their training ground although impressive must be costing a bomb to maintain
alexccfc99
Well-Known Member
In that time though they flogged Kante to Chelsea and Maguire to United so their lavish spending kind of paid for itself for a period
That money ran out and they continued to hemorrhage money on shit
fernandopartridge
Well-Known Member
Their wage bill by 2021 was £192m a year
Gynnsthetonic
Well-Known Member
Isn't Vardy on colossal salary even now, just read 140k a week
They signed Conor Coady in the summer of 2023 as they entered the championship.
They gave him his best ever football contract even though he was stepping down a division and arguably his best years were behind him.
4 yr deal on £75k a week …. He couldn’t believe his luck.
covcity4life
Well-Known Member
We would but then again I remember people saying they be happy with mid table championship team when we were lower league and now they moan that we are not in playoffs etc lolThink we'd all take being a yo yo club wouldn't we and a few low end prem finishes
Captain Dart
Well-Known Member
It's a multi faceted portfolio, Finance, Agri Chemicals/Livestock feeds/Agri fuel oils, cosmetics and personal grooming, he even owns some sort of stud farm in Solihull.
Basically I am getting strong Dr Evil vibes.
OldBedrocker
Well-Known Member
I did a stadium tour and they said they make nothing from the club. All the income is from concerts and events in the arena
shmmeee
Well-Known Member
Ive got a bag of Haribo if you want to join my consortium.
They may not make a profit but it will make a contribution to fixed costs I’m sure.
Saddlebrains
Well-Known Member
Cally Fedora
Well-Known Member
It would essentially become wooden dollars.