Manwell Pablo Posted 6 November 2006 Posted 6 November 2006 And did Wolves or Ipswich bite his hand off......????? NO you idiot, they were never tabled an offer. You have absolutely no evidence or information that backs up what your saying. If you’re ever given an opportunity to maybe improve something but involves taking a slight risk what do you do? Considering the piss poor situation we're in at the moment there really is no other alternative than to except this bid and see where it takes us. How do you know its a slight risk, you like everyone else knows fu ck all about the offer, how much it's for or how much money/risk is involved.
Foxes_Trust Posted 6 November 2006 Posted 6 November 2006 Do you have any idea exactly when this week the board will be meeting with Mr Mandaric to consider the finer details of his offer? 'Cos tbh, if Mandaric has offered them a fair amount of cash, got them the stadium back and promised to make cash available for transfers, I can't see anybody rejecting the offer. That's a big if !
Fez of Mahrez Posted 6 November 2006 Posted 6 November 2006 I think some people are unwittingly undermining the pro-Mandaric camp here with their baseless enthusiasm.
lcfc_jme Posted 6 November 2006 Posted 6 November 2006 That's a big if ! As you have highlighted in my post !! I know it's a big if, and I do not have all the details of Mandaric's bid/proposals, but as I have said in my last 2 or 3 posts in this thread, I am leaving it for the board to comb over. The mere fact that the board have considered it and are willing to actually meet with him gives me the impression that he has tabled a fair and serious bid, and they are now ready to negotiate further with him in an attempt to iron out some of the creases, before they give a positive decision on the matter.
Manwell Pablo Posted 6 November 2006 Posted 6 November 2006 As you have highlighted in my post !! I know it's a big if, and I do not have all the details of Mandaric's bid/proposals, but as I have said in my last 2 or 3 posts in this thread, I am leaving it for the board to comb over. The mere fact that the board have considered it and are willing to actually meet with him gives me the impression that he has tabled a fair and serious bid , and they are now ready to negotiate further with him in an attempt to iron out some of the creases, before they give a positive decision on the matter. Or they are meeting with him to tell him he's going to have to do better than that. Any one who thinks he has offered a fair amount for our club based on the facts that he says nice things in the press and did a good job at Portsmouth needs to wake up.
Fez of Mahrez Posted 6 November 2006 Posted 6 November 2006 Or they are meeting with him to tell him he's going to have to do better than that. Any one who thinks he has offered a fair amount for our club based on the facts that he says nice things in the press and did a good job at Portsmouth needs to wake up. Agreed. In my opinion even if it was a ridiculous offer, the board still have to agree a meeting to show the fans they are doing their best to bring about a takeover. Just my thought on the subject, given the paucity of facts available.
lcfc_jme Posted 6 November 2006 Posted 6 November 2006 Or they are meeting with him to tell him he's going to have to do better than that. Any one who thinks he has offered a fair amount for our club based on the facts that he says nice things in the press and did a good job at Portsmouth needs to wake up. Which is something I have considered and posted, hence why I also say negotiate further and iron out creases as opposed to saying they should automatically accept it without thought. Surely if the bid was laughable though, the board would have dismissed it already as they reportedly did with another bid?!
sackmycook Posted 6 November 2006 Posted 6 November 2006 Or they are meeting with him to tell him he's going to have to do better than that. Any one who thinks he has offered a fair amount for our club based on the facts that he says nice things in the press and did a good job at Portsmouth needs to wake up. MM would be the best person (we know of) to take this club further, and the offer he has made to the board is to buy the club from them. If they are in it to make their money back or even make a profit then they aren't working in the best interests of the club. If anything they should sell for a loss if it is the clubs best intrests, becuase if they hold out for more, that in the end will mean less money for the club (transfers, wages etc) we can't expect MM to pay more and then that additional money not come from the money earmarked for us. They should accept less becuase in the end the money being paid to them will come from us. In fact they should look at it like they have had a good run and the directors have been paid a good whack and they have i'm sure had plenty of benefits by being shareholders, and the money they are losing out on is a penalty (which they made LCFC pay) for CL's inept signings and wages he offered and his hiring and firing costs.
Magic No. 8 Posted 6 November 2006 Posted 6 November 2006 Which is something I have considered and posted, hence why I also say negotiate further and iron out creases as opposed to saying they should automatically accept it without thought. Surely if the bid was laughable though, the board would have dismissed it already as they reportedly did with another bid?! They have? Elaborate please.
Manwell Pablo Posted 6 November 2006 Posted 6 November 2006 MM would be the best person (we know of) to take this club further, and the offer he has made to the board is to buy the club from them. If they are in it to make their money back or even make a profit then they aren't working in the best interests of the club. If anything they should sell for a loss if it is the clubs best intrests, becuase if they hold out for more, that in the end will mean less money for the club (transfers, wages etc) we can't expect MM to pay more and then that additional money not come from the money earmarked for us. They should accept less becuase in the end the money being paid to them will come from us. In fact they should look at it like they have had a good run and the directors have been paid a good whack and they have i'm sure had plenty of benefits by being shareholders, and the money they are losing out on is a penalty (which they made LCFC pay) for CL's inept signings and wages he offered and his hiring and firing costs. Well there is the question of what his plans are for the club, for all you know he might want to turn the Walkers into the worlds first Super Brothel.... But if you want to show some blind suppourt for a offer you know nothing about don't let me stop you.
sackmycook Posted 6 November 2006 Posted 6 November 2006 Well there is the question of what his plans are for the club, for all you know he might want to turn the Walkers into the worlds first Super Brothel.... But if you want to show some blind suppourt for a offer you know nothing about don't let me stop you. well if he wants to turn it into a brothel i will be first in queue for a season ticket seriously, you know that his intentions are not anything like that, we have no real assets to strip, there are no million pound players he could offload and pocket the cash. he has not turned any of the other clubs grounds into brothels or has not tried to do anything other than get the clubs hes at doing well. this seems to be the base argument of some people here, oh hes going to come to our club and sell all of our stars, oh hes going to buy the club and then take out huge loans against us to fund his lavish lifestyle, oh hes going to turn the walkers into a brothel and get the first 11 working as rent boys. you all know that he hasnt done things like that, so why would he start now????
Wils Posted 6 November 2006 Posted 6 November 2006 well if he wants to turn it into a brothel i will be first in queue for a season ticket seriously, you know that his intentions are not anything like that, we have no real assets to strip, there are no million pound players he could offload and pocket the cash. he has not turned any of the other clubs grounds into brothels or has not tried to do anything other than get the clubs hes at doing well. this seems to be the base argument of some people here, oh hes going to come to our club and sell all of our stars, oh hes going to buy the club and then take out huge loans against us to fund his lavish lifestyle, oh hes going to turn the walkers into a brothel and get the first 11 working as rent boys. you all know that he hasnt done things like that, so why would he start now????
Manwell Pablo Posted 6 November 2006 Posted 6 November 2006 well if he wants to turn it into a brothel i will be first in queue for a season ticket seriously, you know that his intentions are not anything like that, we have no real assets to strip, there are no million pound players he could offload and pocket the cash. he has not turned any of the other clubs grounds into brothels or has not tried to do anything other than get the clubs hes at doing well. this seems to be the base argument of some people here, oh hes going to come to our club and sell all of our stars, oh hes going to buy the club and then take out huge loans against us to fund his lavish lifestyle, oh hes going to turn the walkers into a brothel and get the first 11 working as rent boys. you all know that he hasnt done things like that, so why would he start now???? He went to Nice, promoised them the European Cup, delivered cheerleaders at half time, sold the club to some dodgy Italian types who in turn got them relegated from Ligue 1. I'm not against the Manadaric deal, I just think accepting a offer you haven't seen is absloutley stupid.
Babylon Posted 6 November 2006 Posted 6 November 2006 MM would be the best person (we know of) to take this club further, and the offer he has made to the board is to buy the club from them. If they are in it to make their money back or even make a profit then they aren't working in the best interests of the club. If anything they should sell for a loss if it is the clubs best intrests, becuase if they hold out for more, that in the end will mean less money for the club (transfers, wages etc) we can't expect MM to pay more and then that additional money not come from the money earmarked for us. They should accept less becuase in the end the money being paid to them will come from us. In fact they should look at it like they have had a good run and the directors have been paid a good whack and they have i'm sure had plenty of benefits by being shareholders, and the money they are losing out on is a penalty (which they made LCFC pay) for CL's inept signings and wages he offered and his hiring and firing costs. I'm sorry but why should they sell their shares at a loss? They did it to help us out and deserve to get their money back in full. Your reasoning is the board have made mistakes. Just because the board may have made mistakes doesn't mean every share holder should lose out as the board and the shareholders are two different groups of people.
Babylon Posted 6 November 2006 Posted 6 November 2006 seriously, you know that his intentions are not anything like that, we have no real assets to strip, there are no million pound players he could offload and pocket the cash. he has not turned any of the other clubs grounds into brothels or has not tried to do anything other than get the clubs hes at doing well. this seems to be the base argument of some people here, oh hes going to come to our club and sell all of our stars, oh hes going to buy the club and then take out huge loans against us to fund his lavish lifestyle, oh hes going to turn the walkers into a brothel and get the first 11 working as rent boys. you all know that he hasnt done things like that, so why would he start now???? No it's not the base argument that we think he will do that. It is a very real possability he could do it in 4, 5, 6, 7, 8 years time though have we not gained promotion. He will look to get his money back one way or another. The base argument is we know absolutly nothing about the deal so how can you back it one way or another. Obviously you like playing russian roulette.
sackmycook Posted 6 November 2006 Posted 6 November 2006 I'm sorry but why should they sell their shares at a loss? They did it to help us out and deserve to get their money back in full. Your reasoning is the board have made mistakes. Just because the board may have made mistakes doesn't mean every share holder should lose out as the board and the shareholders are two different groups of people. MM is a business man and the plight of our club is public knowledge. he's bound to offer his valuation of the club. if we were still in the premiership and he was buying the board would be getting more than they put in and would have bitten his arm off by now. If you buy a struggling business it doesnt matter what the previous owners have paid its what the market value is today. i why dont our board give back a proportion of the fat cat pay they have been earning these past few years, to our poor shareholders who will be left homeless and penniless when the deal goes though.
sackmycook Posted 6 November 2006 Posted 6 November 2006 No it's not the base argument that we think he will do that. It is a very real possability he could do it in 4, 5, 6, 7, 8 years time though have we not gained promotion. He will look to get his money back one way or another. The base argument is we know absolutly nothing about the deal so how can you back it one way or another. Obviously you like playing russian roulette. very real possiblity if any business fails for several years the owner will want to get rid i agree. but we are a yoyo club anyway, its not like he going to have to take mk dons to the premiership. and even if we dont make it in 8 years at least we will have tried. better that than 8 years in the championship wondering about what could have been. i dont like playing russian roulette but this is a gamble for us and MM, so why not be optimistic?
The Don Posted 6 November 2006 Posted 6 November 2006 Alternatively you could join the Trust here.... http://www.foxestrust.com/join/joinwp.htm If I decide to join, can you please explain what my money will do if Mandaric takes over. Can you please confirm that the Foxes Trust will have an EGM if a bid is tabled to shareholders, or will the Foxes Trust board be responsible declining any bid??
Babylon Posted 6 November 2006 Posted 6 November 2006 better that than 8 years in the championship wondering about what could have been. So going bust would be worth the risk.
Daggers Posted 6 November 2006 Posted 6 November 2006 If I decide to join, can you please explain what my money will do if Mandaric takes over. Can you please confirm that the Foxes Trust will have an EGM if a bid is tabled to shareholders, or will the Foxes Trust board be responsible declining any bid?? As in another thread (I can't be bothered to find) it will either go to local sports charities according to the rules of the Trust...or build a dumb statue if Ultra gets his way.
sackmycook Posted 6 November 2006 Posted 6 November 2006 So going bust would be worth the risk. yep just like all his fooball and non-football businesses have gone bust. any new owner can get us bankrupt. in which case its best to continue as we are.
reynard Posted 6 November 2006 Posted 6 November 2006 Alternatively you could join the Trust here.... http://www.foxestrust.com/join/joinwp.htm So here's some questions you can answer directly to this forum without compromising your position 1 have you actually read a bona fida copy of mm's bid proposal? 2 are you emailing junior members of the fox's trust with the same emails you are sending full members? 3 would you accept any bid to gain full control of the club which paid off our debts but had no place for you in the say so etc of the club? sorry for the ignorance here but are the fox's trust an actual board member or a shareholder only?
The Don Posted 6 November 2006 Posted 6 November 2006 As in another thread (I can't be bothered to find) it will either go to local sports charities according to the rules of the Trust...or build a dumb statue if Ultra gets his way. Cheers DB - I did read that, just wanted to see how they put it, and wondered their justification for actively seeking new members at this present time, considering the above would happen. Another point, why would the FT decide to sell, even if it was in the best interest of the club? I'm sure they don't want to lose all importance and also their free tickets.... Any answer on the EGM?? Cos for £10 I could get a vote, but if its the FT board who makes the decision, I'd have to wait till the AGM, to vote for the board, to vote Mandaric in.
Babylon Posted 6 November 2006 Posted 6 November 2006 yep just like all his fooball and non-football businesses have gone bust. any new owner can get us bankrupt. in which case its best to continue as we are. For goodness sake... the board could stick as we are now and not go bust. The long term future of the club is at stake and you seem to treat it like a flip of a coin. There is a very real chance that if it all went wrong we could end up in debt for 35m instead of 15m!!! Any new owner could make us bankrupt..... yes obviously they could, which is exactly why the board are going to seek assurances on every tiny point before they accept any deal from prospective owners. Yet you seem willing to accept it now without any knowledge of it or without know the exact risks, just because you fancy a gamble.
Suffolk_fox Posted 6 November 2006 Posted 6 November 2006 Another reason why 'Change is not good' Blimey!
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