lookwhaticando Posted 8 November 2006 Posted 8 November 2006 From the summary Louise posted on the previous page, I can't quite make out if he actually intends to pay the mortgage back ASAP. Is he actually saying that time will take care of that mortgage and that the club will eventually, as planned, 'own' the stadium again? His plan is to ensure the stadium is owned by the club. Whether he achieves that tomorrow, next year or next century is up in the air right now. He has said he doesn't know all the gory details about the club's contract with the mortgage, which hinders his ability to put a time period on the repayment.
davieG Posted 8 November 2006 Author Posted 8 November 2006 His plan is to ensure the stadium is owned by the club. Whether he achieves that tomorrow, next year or next century is up in the air right now. He has said he doesn't know all the gory details about the club's contract with the mortgage, which hinders his ability to put a time period on the repayment. I don't believe that for a minute! Edited to say he might not know the gory details but he'll know the signiifcant details
Louise Posted 8 November 2006 Posted 8 November 2006 From the RL interview I didn't get the impression he was going to pay off the 17m, however he was fairly cagey about it, perhaps he says more in the EMT interview. He was clear about the stadium belonging to the football club though... so no sharing with the Tigers
Janx Posted 8 November 2006 Posted 8 November 2006 is it me? am I not saying it right? Mortgage!? why put all your capital into the building, lets face it when you are solvent it aint gonna be repossessed..that money can be used to revitalise the team IF its needed...
Daggers Posted 8 November 2006 Posted 8 November 2006 BBC Sports Mandaric 'near' to Leicester deal Milan Mandaric Ex-Portsmouth chairman Mandaric has lofty aspirations for Leicester Milan Mandaric expects to become the new owner of Leicester City before the end of the year. Mandaric says he has increased his offer for Leicester - believed now to be around £6m, which is more than twice his original bid for the club. Mandaric told BBC Radio Leicester: "On 15 December, everything should be done. "Whatever is needed, whatever I commit to, I'm behind it and I always deliver it. That will no different if I do come to Leicester City." The former Portsmouth owner's proposals will be put before an emergency board meeting a week on Saturday, with shareholders then having two weeks to vote on whether to accept the bid. Mandaric says he new offer willl cover the investment made by shareholders when Leicester came out of administration over three and a half years ago. Leicester have said Mandaric's bid is one of a number of options which they are currently considering.
Mort Posted 8 November 2006 Posted 8 November 2006 Yay... I knew somthing good had to happen this week
lcfc_jme Posted 8 November 2006 Posted 8 November 2006 The 15th of December?? Like 3 days before my birthday?? Get in, I love the winter, and December in particular
lookwhaticando Posted 8 November 2006 Posted 8 November 2006 The 15th of December?? Like 3 days before my birthday?? Get in, I love the winter, and December in particular As with all takeovers, there's the potential for slippage. It may yet fall on your birthday.
lcfc_jme Posted 8 November 2006 Posted 8 November 2006 As with all takeovers, there's the potential for slippage. It may yet fall on your birthday. Amazing. That would be the birthday present that beats all birthday presents to date Slippage is good, I like slippage :thumbsup:
Bluefoxtim Posted 8 November 2006 Posted 8 November 2006 The 15th of December?? Like 3 days before my birthday?? Get in, I love the winter, and December in particular 18th of December? DOUBLE BIRTHDAY BONANZA!
De Vries The King Posted 8 November 2006 Posted 8 November 2006 we really should have one thread, which is locked and only the mods can write in, so that it can be substantiated rumours instead of a load of pages upon pages of stuff I really can't be bothered to read through!
lcfc_jme Posted 8 November 2006 Posted 8 November 2006 18th of December? DOUBLE BIRTHDAY BONANZA! Yes!!! Get in there, birthday twin Do not say your prayers for a white Christmas this year, pray instead for Slippage, so that Milan "the saviour" Mandaric takes over on December 18
Flemmish Posted 8 November 2006 Posted 8 November 2006 Yes!!! Get in there, birthday twin Do not say your prayers for a white Christmas this year, pray instead for Slippage, so that Milan "the saviour" Mandaric takes over on December 18 Slippage could be worse than the takeover falling just three days later. Don't pray for too much slippage, just incase the deal falls through :pinch:
Louise Posted 8 November 2006 Posted 8 November 2006 The interview is up on EMT now: http://www.bbc.co.uk/eastmidlandstoday/latest_stories/
Swedging Posted 8 November 2006 Posted 8 November 2006 For those too lazy to click or too traumatised by Barber: Thanks. Nice transcription. But Mandaric is a weaselly fu ck, whether you listen to him, or just read his words..
lcfc_jme Posted 8 November 2006 Posted 8 November 2006 Slippage could be worse than the takeover falling just three days later. Don't pray for too much slippage, just incase the deal falls through :pinch: Not to much slippage, just enough to ensure that it goes through 3 days later than planned The interview is up on EMT now: http://www.bbc.co.uk/eastmidlandstoday/latest_stories/ Quality stuff, listening to it now and I already like what he's saying
Daggers Posted 8 November 2006 Posted 8 November 2006 we really should have one thread, which is locked and only the mods can write in, so that it can be substantiated rumours instead of a load of pages upon pages of stuff I really can't be bothered to read through! One answer to this would be to have the sources saved in your favourites and go scan them before coming onto FT?
Swedging Posted 8 November 2006 Posted 8 November 2006 Crux of the interview: - Shareholders get a fair price for their shares - i.e. they get back at least what they put in. - Ownership of the stadium back to the football club - 'Significant' investment into the team - Milan happy that discussions with the board went well - He sees no reason why his offer should not be accepted - He expects a decision within the next couple of days No change in ownership is what the radio interview says. Is it something different on TV?
Chimp Posted 8 November 2006 Posted 8 November 2006 The interview is now on the BBC web site... Exclusive interview with Milan Businessman Milan Mandoric gives his first television interview on his bid to become the new owner of Leicester City. http://www.bbc.co.uk/eastmidlandstoday/latest_stories/
Louise Posted 8 November 2006 Posted 8 November 2006 Quote from the TV interview: "...keep in mind it is a very simple deal, shareholders get their money back, stadium belongs to the football club and there is a big investment to be done in the team. So all those things have to be covered. And I'm not going to talk about numbers and details but those are my commitments. And I think it's a very fair deal. And I'm going to put my life over there, I'm going to put my experience, my desire, I'm going to be one of the supporters with the same desire there. And be responcible for the success of the club. So if you want to summerise, if the shareholders get their money back, if the club is in good hands, if the club makes good progress, I can't see how that's not a good deal."
Louise Posted 8 November 2006 Posted 8 November 2006 PS. "You can't just be sitting in the wine, you've got to drink it" is my new favourite phrase.
lcfc_jme Posted 8 November 2006 Posted 8 November 2006 Can't say that I disagree at all with that, if this is the case get him in quickly. Brilliant stuff (p.s. this post refers to the snip from the TV interview posted by Louise) (p.p.s. that quote is quality, sig comment no doubt )
Swedging Posted 8 November 2006 Posted 8 November 2006 Quote from the TV interview: "...keep in mind it is a very simple deal, shareholders get their money back, stadium belongs to the football club and there is a big investment to be done in the team. So all those things have to be covered. And I'm not going to talk about numbers and details but those are my commitments. And I think it's a very fair deal. And I'm going to put my life over there, I'm going to put my experience, my desire, I'm going to be one of the supporters with the same desire there. And be responcible for the success of the club. So if you want to summerise, if the shareholders get their money back, if the club is in good hands, if the club makes good progress, I can't see how that's not a good deal." So no change there about ownership of the ground. And when I listened on, it seemed that he suggested that he couldn't be held responsible for the success of the club - because that's football.
Collymore Posted 8 November 2006 Posted 8 November 2006 I had a tear in my eye watching that, I've jumped off the fence and into to bed with milan now.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.