Milan Mandaric has targeted leicester!

[Sparky]

latest on bbc east mids today

mm met andrew taylor today in central london

mm "people" claim talks have made positive progress

the shareholders must now make their mind up to sell or not very quickly with mm threatening to go elsewhere

nothing majorly new there

[Babylon]

latest on bbc east mids today

mm met andrew taylor today in central london

mm "people" claim talks have made positive progress

the shareholders must now make their mind up to sell or not very quickly with mm threatening to go elsewhere

nothing majorly new there

Considering he "brought forward his plans to buy us" (his words) Why the hell is he in such a rush all of a sudden?

[Fox in a Box]

That's right Mr Fox in A Box, gazump me with an important fact, I know your sort, all truth and no speculation - probably a Jaffa Cake eater to go with it.

more to the point is a jaffa cake a cake or buscuit?

[Fox in a Box]

Considering he "brought forward his plans to buy us" (his words) Why the hell is he in such a rush all of a sudden?

Squeezing the price on the deal.....common business practice....... look at the added value, bum on seats xmas sales, business lunches xmas lunches etc..

[ThurmastonFox]

more to the point is a jaffa cake a cake or buscuit?

Ah, now thats an easy one. It is neither. It is a sweet biscuit with a cake like consistency (unless you buy morrisons own and then they have the consistancy of a dry cow turd) but normally transcends all biscuit genres known to man.

[davieG]

Squeezing the price on the deal.....common business practice....... look at the added value, bum on seats xmas sales, business lunches xmas lunches etc..

they'd still be in this years revenue whether he buys now or after Christmas, it's not like we've got anything to spend it on, unless MDV's on a big bonus.

[Bert]

Mmmmmm Custard Creams......

[Brummie-FOX]

Any links for the AT And MM Meeting then??

[sackmycook]

Ah, now thats an easy one. It is neither. It is a sweet biscuit with a cake like consistency (unless you buy morrisons own and then they have the consistancy of a dry cow turd) but normally transcends all biscuit genres known to man.

for vat purposes they are a cake.

They also argued that the distinction between cakes and biscuits is simply that cakes go hard when stale, whereas biscuits go soft. It was demonstrated that Jaffa Cakes become hard when stale and McVitie's won the case

[Fox in a Box]

Ah, now thats an easy one. It is neither. It is a sweet biscuit with a cake like consistency (unless you buy morrisons own and then they have the consistancy of a dry cow turd) but normally transcends all biscuit genres known to man.

Jaffa cakes are small cakes/biscuits (see below). Traditional Jaffa Cakes comprise a round base of hard sponge, a jelly disc which is known as a 'smashing orangey bit', and a topping of chocolate. They are quite wonderful and should be enjoyed the world over.

There are many different types of Jaffa Cakes, but the original ones were (and still are) manufactured by McVities. A new 'Jaffa phenomenon' has recently appeared in the shape of Jaffa Cubes which are manufactured by Cadburys.

Jaffa Cake fans may be pleased to know that there are societies dedicated to the enjoyment of Jaffa Cakes, including 'Huggabuga Jaffacake Appreciation Society International' or HJASI for short, based at Edinburgh University.

Jaffa Cakes: Biscuit or Cake?

The source of one of the most complex conundrums ever to challenge mankind:

Is it a cake or is it a biscuit?

These small circular sponges topped with chocolate and squidgy orange stuff have been the subject of much debate over the years. Even the British government has become embroiled in this web of snack-related intrigue. At present the Jaffa Cake is classified as a cake but the British government is attempting to get it reclassified as a biscuit. This would mean it would come under a higher tax bracket as biscuits aren't as perishable as cakes, or something technical like that.

It is not clear how much more expensive the Jaffa Cake would become should this proposal go through Parliament, but it's possible they could move from the realms of 'everyday favourite' to become more a much more exclusive item. In which case, they could end up being treated similarly to fine wines, so that in the future, small groups of Jaffa Cake connoisseurs might be found in darkened cellars discussing texture, nose, and full-bodied flavour.

Whatever happens, the Jaffa Cake will retain a unique place in the biscuit/cake market.

Does Milan like them?

[De Vries The King]

Mmmmmm Custard Creams......

The boys got a great argument there

[Daggers]

I'm still hoping to be able to have something to celebrate in a little while, so the advert is going up in readiness for the week-long party:

[Trumpet]

OK, time for me to call for calm again.

Lets look at the facts and the fiction for those who may have missed something:

FACT - Mandaric has made a bid for City

FACT - The board has met with Mandaric

FACT - The Foxes Trust is flirting a hell of a lot with the media

FACT - Something will be announced at some point

FICTION - A specific amount is known (whether £3mil or £25mil no one knows)

FICTION - The Tigers are bidding for us on the quiet

FICTION - Jaffa Cakes are better than Jammy Dodgers

Well, you can fill the blanks in now I got bored

FACT - The fans want Swiss roll on matchdays.

[Milan]

Foxes Trust is made up of fans of the club? Or is it true that those who got us into financial trouble in the first place have a very large controlling interest in the club. They will hang on till the death, it makes me sick to my stomach at what is taking place with the 'leaked documents' and 'American Investors', there's been more spin in the past couple of days than there ever has been at this club. Allistair Campbell has a new job with the Foxes Trust I beleive.

Mandaric wants into our backward club for some reason so lets make sure he gets in.

[Fox in a Box]

City deal may have strings

Milan Mandaric could put conditions on his £25million bid for Leicester City which mean he would not pay through the nose for the club's shares.

A city finance expert says the Serbian-American business tycoon may tell shareholders that accepting a low price for their shares could be a deal clincher.

According to the club's accounts, City's shares, which are owned by 48 individuals and firms, are valued at around £6.3million.

If Mandaric paid this he would have £18.7million left to pay off the £15.9million loan on the Walkers Stadium, leaving £2.8 million to invest in the squad.

However, he could offer under £6.3million, but agree to pay off the stadium loan to the New York-based Teachers Insurance and Annuity Association.

Patric Phelan, a director of the Leicester office of accountants Vantis, which has experience of dealing with football clubs, said: "What the proposal could be is a package to purchase the shares, to pay off the loan on the stadium and buy players. But it could also be conditional. So it could be him saying "I'll pay you X-amount for the shares, and if you sell me them at that amount I'll pay off the loan on the stadium and put X-amount into the playing squad."

Phelan was also intrigued by the fact that Teachers have one share, while the minimum owned by the 47 others was 25,000. He speculated the US company could in fact hold a so-called "golden share", meaning a change in ownership could trigger a major revision of the conditions of the stadium loan.

"The terms of the loan may require that in the event of a change of ownership it has to be paid off," said Phelan.

No-one from Teachers was available for comment.

* Leicestershire's second-richest man today gave his backing to Milan Mandaric's £25million bid.

Building tycoon David Wilson, who owns 150,000 shares in the club, is worth £520million, according to the Sunday Times.

Wilson, chairman of Ibstock construction company Wilson Bowden, said: "Good idea, providing cash is available for the transfer market."

http://www.thebluearmy.co.uk/details.asp?k...112006370577131

[De Vries The King]

I'm worried now

[Swedging]

Phelan was also intrigued by the fact that Teachers have one share, while the minimum owned by the 47 others was 25,000. He speculated the US company could in fact hold a so-called "golden share", meaning a change in ownership could trigger a major revision of the conditions of the stadium loan.

An accountant who can't read a set of accounts. Promising way of drumming up business, I'd have thought.

[Fez of Mahrez]

The idea that he has set aside £25million and that he will have £18.7million left to invest if it takes £6.3million to buy the club seems a bit basic and naive.

[Collymore]

David Wilson seems the way forward. he can't be a fan though, if i had half a billion (assets or cash) i'd take over leicester. he's not a fecking proper fan, bet he doesn't know who ian marshall is, allegedly

[davieG]

Foxes Trust is made up of fans of the club? Or is it true that those who got us into financial trouble in the first place have a very large controlling interest in the club. They will hang on till the death, it makes me sick to my stomach at what is taking place with the 'leaked documents' and 'American Investors', there's been more spin in the past couple of days than there ever has been at this club. Allistair Campbell has a new job with the Foxes Trust I beleive.

Mandaric wants into our backward club for some reason so lets make sure he gets in.

The spin appears to be coming from all sides MM is renowned for it. Don't believe all you hear or read and the sources aren't always who you believe they might be either.

[davieG]

The idea that he has set aside £25million and that he will have £18.7million left to invest if it takes £6.3million to buy the club seems a bit basic and naive.

Or even laughable, in fact I would doubt jis sanity so much that i'd not want him running the club.

[hibeeleicester]

Just wondering how everyone is feeling about this Manderic (sp) move , will you REALLY benefit from it , will you end up in serious debt ? Will he promise to boost the club back into a SAFE premeirship posistion?

Just a few things that people should be asking i think.....

hl

[Collymore]

the bottom line is that mandaric is no mug, you don't make the money he has if you're not ruthless as fcuk. Anyone thinking that mandaric is coming in to take great risk and seriously is passionate about LCFC to a great extent needs their heads looking at.

He's proved in his past that it is possible to make everyone happy by creating good fortunes for both club and self, but how much was that down to him? Harry Houdini worked wonders and gaymark took over at the perfect time . Manderic has bargaining power solely from his CV which by a flick of a coin (90th minute conceding goal) could have looked rather different.. it's not a certainty that he will come in a make us successfull, in fact I would say that the odds are against it as i feel the championship is far tougher than when pompey and city won promotion.

I tell people at work that chelsea would find it harder in the championship than the prem and they laugh, I can see why they laugh but I feel playing a turfmoor battle on a wednesday night with driving rain can be more menacing than a craven cottage stroll around the park on a sunny saturday afternoon.

there are a lot of envious clubs out there watching us fecking around and bening indecisive. FFS, was it wolves who offered their souls for free? The last thing we want is for clubs that hate us all ready due to the administration fiasco, to see us now acting like spoilt drama queens demanding success, they're just going to try even harder to see us fail!!

We should be playing this privately and draw the least attention to ourselves as possible (cheers barbs)

bottom bottom line - Football is money, I don't believe that some one giving us the transfer fund that will be less than the fee paid for Akinbadbuyi will give us automatic success full stop.

[lildave3]

the bottom line is that mandaric is no mug, you don't make the money he has if you're not ruthless as fcuk. Anyone thinking that mandaric is coming in to take great risk and seriously is passionate about LCFC to a great extent needs their heads looking at.

He's proved in his past that it is possible to make everyone happy by creating good fortunes for both club and self, but how much was that down to him? Harry Houdini worked wonders and gaymark took over at the perfect time . Manderic has bargaining power solely from his CV which by a flick of a coin (90th minute conceding goal) could have looked rather different.. it's not a certainty that he will come in a make us successfull, in fact I would say that the odds are against it as i feel the championship is far tougher than when pompey and city won promotion.

I tell people at work that chelsea would find it harder in the championship than the prem and they laugh, I can see why they laugh but I feel playing a turfmoor battle on a wednesday night with driving rain can be more menacing than a craven cottage stroll around the park on a sunny saturday afternoon.

there are a lot of envious clubs out there watching us fecking around and bening indecisive. FFS, was it wolves who offered their souls for free? The last thing we want is for clubs that hate us all ready due to the administration fiasco, to see us now acting like spoilt drama queens demanding success, they're just going to try even harder to see us fail!!

We should be playing this privately and draw the least attention to ourselves as possible (cheers barbs)

bottom bottom line - Football is money, I don't believe that some one giving us the transfer fund that will be less than the fee paid for Akinbadbuyi will give us automatic success full stop.

Agree with every word.

[Chrysalis]

Are you a board member or are you just making it up as you go along from titbits of rumour and conjecture you've borrowed from the Mercury?

I havent read the mercury for months.