Swedging Posted 7 November 2006 Posted 7 November 2006 £3m? feckin hell if that is all he was offering he must be off his box. hope this is just more rumour Maybe it's all he could scrape together. Even after looking down the back of the sofa.
The People's Hero Posted 7 November 2006 Posted 7 November 2006 He wants me to buy a load of Viagra. Mrs Disco Bob took my advice then and set up [email protected]?
Ric Flair Posted 7 November 2006 Posted 7 November 2006 Incidentally, has anyone else had Mandy by Barry Manilow in their head for the past two weeks or so? Another week lodged inside my cranium and I may well turn seriously anti-Mandaric. Did you not read my re-written song I did last week?
Manwell Pablo Posted 7 November 2006 Posted 7 November 2006 Did you not read my re-written song I did last week? Yes and I doubt Simon Cowel came a knock knock knocking.
Ric Flair Posted 7 November 2006 Posted 7 November 2006 The board and shareholders still have a duty to decide whether Milan Mandaric is more capable of taking this club forward than they are. They've said themselves that they put the money in to save this club with the diea that somebody would come along and take over the reigns who could allow us to compete with the best of them. It's also gone on record from some shareholders that they didn't ever expect to see any of their money again from Leicester. I'm not saying they should give their shares up for nothing, that's unfair as they saved us. But if they have the best interests of the club at heart then they shouldn't be looking at how much Milan has offered them for their shares, but what Milan can offer us once he's taken over and if they can't match what he can do and the other 'interested parties' (there are none) can't either then they should accept. Otherwise they are a disgrace. If Milan doesn't offer any long term assurances, then it's a tough call. I'd be sad and frustrated that this dream hasn't come true, but as long as the club are honest with the fans and come clean on what's gone on then i'll try and get behind them. The fact is, they need to be very careful here. If the truth isn't let out and the media continue to print all sorts, then the club could alienate many, many fans and the offer Milan has made could seem a fortune with what the club would be worth to potential investors in the future. I can't believe this is happening. Milan, irons things out.
Mort Posted 7 November 2006 Posted 7 November 2006 hope this is just more rumour Hope so... have the board and Milan even had that meeting yet? Personally i cant see him offering £3mill as a serious offer, it'd be barmy, personally i'd take 50p for the club in it's present state... but the board would be very unlikley to credibly accept such a low bid... well we'll see where the club goes from here and if the talks continue.
Jon the Hat Posted 7 November 2006 Posted 7 November 2006 The board and shareholders still have a duty to decide whether Milan Mandaric is more capable of taking this club forward than they are. They've said themselves that they put the money in to save this club with the diea that somebody would come along and take over the reigns who could allow us to compete with the best of them. It's also gone on record from some shareholders that they didn't ever expect to see any of their money again from Leicester. I'm not saying they should give their shares up for nothing, that's unfair as they saved us. But if they have the best interests of the club at heart then they shouldn't be looking at how much Milan has offered them for their shares, but what Milan can offer us once he's taken over and if they can't match what he can do and the other 'interested parties' (there are none) can't either then they should accept. Otherwise they are a disgrace. If Milan doesn't offer any long term assurances, then it's a tough call. I'd be sad and frustrated that this dream hasn't come true, but as long as the club are honest with the fans and come clean on what's gone on then i'll try and get behind them. The fact is, they need to be very careful here. If the truth isn't let out and the media continue to print all sorts, then the club could alienate many, many fans and the offer Milan has made could seem a fortune with what the club would be worth to potential investors in the future. I can't believe this is happening. Milan, irons things out. The fact is that Milan is offering no additional investment, only loans. If he was investing then he would simply put in 25 Million and own 80% of the club. The exisiting shareholders could keep their warm fuzzy feeling inside and Milan could be Chairman. Unfortunately he wants to buy the shareholders out for peanuts then lend the club tens of millions of pounds, gambling the clubs future on promotion. To be honest the current board could do that if they mortgaged the players and the training ground. They won't sell to MM on these terms as they have already shown they believe the prudent approach is in the long term interests of the club. I think they are right. As by the sounds of it does Jack Hayward at Wolves, who has previsouly offered to give the club to someone who will invest. This is not investment.
Babylon Posted 7 November 2006 Posted 7 November 2006 I've not looked on here since about 4pm yesterday, what's been going on??? I heard something about the bid being rejected??
Jon the Hat Posted 7 November 2006 Posted 7 November 2006 I've not looked on here since about 4pm yesterday, what's been going on??? I heard something about the bid being rejected?? Looks like it's £3M and no promises or business plan. Board quite rightly will tell him to go jump.
Thracian Posted 7 November 2006 Posted 7 November 2006 I would say the Academy grounds with appropriate plannig permission are worth a mill or three, I'd still risk MM rather than a groundshare. I'd sooner have neither.
Manwell Pablo Posted 7 November 2006 Posted 7 November 2006 Barber is saying sharholders are getting half the amount they put in (3.3 million) No real reference or promises regarding further finance No material differnce between what there is now and what Mandaric is offering. Set to be turned down. Those are the words Mr Baa Baa used last night Babylon.
Babylon Posted 7 November 2006 Posted 7 November 2006 Looks like it's £3M and no promises or business plan. Board quite rightly will tell him to go jump. Great!!
Ric Flair Posted 7 November 2006 Posted 7 November 2006 The fact is that Milan is offering no additional investment, only loans. If he was investing then he would simply put in 25 Million and own 80% of the club. The exisiting shareholders could keep their warm fuzzy feeling inside and Milan could be Chairman. Unfortunately he wants to buy the shareholders out for peanuts then lend the club tens of millions of pounds, gambling the clubs future on promotion. To be honest the current board could do that if they mortgaged the players and the training ground. They won't sell to MM on these terms as they have already shown they believe the prudent approach is in the long term interests of the club. I think they are right. As by the sounds of it does Jack Hayward at Wolves, who has previsouly offered to give the club to someone who will invest. This is not investment. So basically, unless somebody is willing to completely pay the ground off and the shareholders then the current board will stay in charge. Even though, there is simply no way the current board and shareholders can take this club forward. I appreciate, the gamble here. I'm unsure on it. But as it stands, the club still owe £16 million on a fairly high interest rate and unless we get in to the premiership we won't pay it off. If Milan came in, he could loan the club the money to pay it off and free up some money to give us a chance of promotion. He would hardly serve a winding up order on himself, would he? And would he sell off all our assets to pay himself back? That would completely ruin his reputation and he appears to be a proud man who enjoys a good footballing reputation. I'm struggling to comprehend this all now. I can't make my mind up. What I do know is that sticking with the current set up is about as appealing as being told your on a promise with a fitty and ending up at 6am on your sofa with the same bertha you've had the misfortune of shagging for the past few years due to drunkeness and an inability to say No.
Fez of Mahrez Posted 7 November 2006 Posted 7 November 2006 I'm struggling to comprehend this all now. I can't make my mind up. What I do know is that sticking with the current set up is about as appealing as being told your on a promise with a fitty and ending up at 6am on your sofa with the same bertha you've had the misfortune of shagging for the past few years due to drunkeness and an inability to say No.
Ric Flair Posted 7 November 2006 Posted 7 November 2006 I'd sooner have neither. This amazes me. You've moaned on here for about a year now, everyday you have something to grumble about. As each passing day goes by you step up a gear on the moaning about the poor treatment of our academy players. So here is your chance for a change. To possibly give us some money to attract better players and tickle your fancy. You seem convinced with the current lot in charge that our academy players will be ignored for the chosen men, yet you aren't interested in a potential takeover? Simply stunning.
Manwell Pablo Posted 7 November 2006 Posted 7 November 2006 So basically, unless somebody is willing to completely pay the ground off and the shareholders then the current board will stay in charge. Even though, there is simply no way the current board and shareholders can take this club forward. I appreciate, the gamble here. I'm unsure on it. But as it stands, the club still owe £16 million on a fairly high interest rate and unless we get in to the premiership we won't pay it off. If Milan came in, he could loan the club the money to pay it off and free up some money to give us a chance of promotion. He would hardly serve a winding up order on himself, would he? And would he sell off all our assets to pay himself back? That would completely ruin his reputation and he appears to be a proud man who enjoys a good footballing reputation. I'm struggling to comprehend this all now. I can't make my mind up. What I do know is that sticking with the current set up is about as appealing as being told your on a promise with a fitty and ending up at 6am on your sofa with the same bertha you've had the misfortune of shagging for the past few years due to drunkeness and an inability to say No. Quality No, Mandarics taking the piss out of us, 3.3 mill is not enough and he needs to make some gurantess, not nessacerily loads of money for players or the whole stadium payed off but something. I shouldn't worry to much, it sounded like the RL crew were quite confident Manadaric would be back with another bid and he has agreed to sit down and talk with the board so it's far from over.
Swedging Posted 7 November 2006 Posted 7 November 2006 So basically, unless somebody is willing to completely pay the ground off and the shareholders then the current board will stay in charge. It doesn't look like those are the conditions. If Milan came in, he could loan the club the money to pay it off and free up some money to give us a chance of promotion. He would hardly serve a winding up order on himself, would he? And would he sell off all our assets to pay himself back? That would completely ruin his reputation and he appears to be a proud man who enjoys a good footballing reputation. If that 'could' was a definite 'will' then I think it is quite possible that the Mandaric bid would be accepted. Even though if you look back at the Pompey accounts - he seems that he did start to rip money out of the club.
Ric Flair Posted 7 November 2006 Posted 7 November 2006 Quality No, Mandarics taking the piss out of us, 3.3 mill is not enough and he needs to make some gurantess, not nessacerily loads of money for players or the whole stadium payed off but something. I shouldn't worry to much, it sounded like the RL crew were quite confident Manadaric would be back with another bid and he has agreed to sit down and talk with the board so it's far from over. He is taking the piss, but I just hope the board use some common sense here. If Milan is offering something the board and shareholders can't do then they should accept. Even if it's a case of him offering to loan the club £20 million on a 0% interest basis. Surely that's better than paying a high rate to Teachers. Teachers could start playing nasty just as much as Milan could start selling off our assets. Both highly unlikely, so therefore surely having a proven footballing businessman in charge who isn't charging us interest is better than some spanky yank company who own ONE share, yet we owe them a shit load of cash for a Mecano like bit of tin. This is really special.
gatesheadfox Posted 7 November 2006 Posted 7 November 2006 if i was milan i would have offered as low as possible to start as it is in the public eye and there are other people allegedly trying to poach him from us. he will be hoping the board are desperate enough to accept his plans for a lower amount. i am still in hope that something happens as we currently face a bleak future, plus i want rid of the foxes trust but thats just a personal thing
Ric Flair Posted 7 November 2006 Posted 7 November 2006 It doesn't look like those are the conditions. If that 'could' was a definite 'will' then I think it is quite possible that the Mandaric bid would be accepted. Even though if you look back at the Pompey accounts - he seems that he did start to rip money out of the club. Tim Davies rips money out of this club by trousering a couple of hundred grand a year and treats himself to a bonus for being a good boy and to celebrate a season which led to relegation and some tidy rape charges against the clubs staff. Brilliant.
Manwell Pablo Posted 7 November 2006 Posted 7 November 2006 Tim Davies rips money out of this club by trousering a couple of hundred grand a year and treats himself to a bonus for being a good boy and to celebrate a season which led to relegation and some tidy rape charges against the clubs staff. Brilliant. And that I'm afraid, is incredibly true.
Jon the Hat Posted 7 November 2006 Posted 7 November 2006 Quality No, Mandarics taking the piss out of us, 3.3 mill is not enough and he needs to make some gurantess, not nessacerily loads of money for players or the whole stadium payed off but something. I shouldn't worry to much, it sounded like the RL crew were quite confident Manadaric would be back with another bid and he has agreed to sit down and talk with the board so it's far from over. I think he will too. He will pay around the £6M the shareholders put in, guarantee to take on the Stadium debt himself and explain his plans to invest in the team and get back in to the prem in 18 months, with a plan to cover up to say 5 seasons without promotion. That's the most the board hope for I think. I have an inkling the shareholders will want their money back to ensure that if needed they can help out again in future. That's what I would be thinking anyway.
Fez of Mahrez Posted 7 November 2006 Posted 7 November 2006 One of the wheels has fallen off the bus but I'm trying to repair it while it trundles along in a lop-sided fashion like something out of a Buster Keaton film. Roll up, roll up.
gatesheadfox Posted 7 November 2006 Posted 7 November 2006 more to the point, the money he started taking out of portsmouth would never have been there if he hadn't steadied their ship in the first place. if he puts alot of good into the club then starts taking things for himself well fook me i'd be happy if we were in a more comfortable position still
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