Milan Mandaric has targeted leicester!

[lcfc_jme]

Flippin' 'eck.

Hopefully we'll have a good day all around next week, then.

I'd love to think so but I wouldn't bet my life savings on it. This has been engineered to end in disappointment from the start, and I am not counting on the shareholders giving us the decision we so want to hear

Anything else will be a huge Brucey Bonus

[Mort]

I'd love to think so but I wouldn't bet my life savings on it. This has been engineered to end in disappointment from the start, and I am not counting on the shareholders giving us the decision we so want to hear

Anything else will be a huge Brucey Bonus

The noise comming from the shareholders has been fairly good... I'd have thought a majoirty will back a take-over by Mandaric, maybe not a huge majority but a majoirty is all you need, i could see the board being luke-warm but to be honest you can't be sure what their views are, there's not been much to solidly suggest how the board feel one way or another... still St.Gary could well have a big impact on proceedings and seeing as he basically backed the big in the Telegraph the other week, I'm hopfull.

[lcfc_jme]

So 6.4million quid is the offer, and a decision will be reached next Saturday.

What outcome are we to expect?!?

[lookwhaticando]

So 6.4million quid is the offer, and a decision will be reached next Saturday.

What outcome are we to expect?!?

If the shareholders are as selfless as people keep pointing out, the outcome will be a positive one for Mandaric.

[lcfc_jme]

If the shareholders are as selfless as people keep pointing out, the outcome will be a positive one for Mandaric.

I like to think so. But listening to Taylor's interview with Barber, I am not so sure anymore. He seemed to be very intent on making it clear the shareholders will also be having other bids to consider and that we should embrace whoever it is that takes over, whether it be MM, a Midlands company or an American. Doesn't exactly fill me with confidence about Milan taking over

[davieG]

I like to think so. But listening to Taylor's interview with Barber, I am not so sure anymore. He seemed to be very intent on making it clear the shareholders will also be having other bids to consider and that we should embrace whoever it is that takes over, whether it be MM, a Midlands company or an American. Doesn't exactly fill me with confidence about Milan taking over

He would say that he's the Chairman it's his responsibility to negotiate the best bids on the table and to give the shareholders options where he can.

[davieG]

I'd like to add it the Facts/Media Topic

According to the Fox Fanzine;

The bid is £6.4m then...........

He said he fully expects there to be at least one other offer other than MM's on the table by then, plus the option of the existing board putting in more finance themselves.

He also said they'd been in talks with Milan for over 2 months.

[lookwhaticando]

It'll turn up on BBC Leicester soon enough.

[Chrysalis]

yes picking through non existant bids must be real hard work

[Chrysalis]

so the board coughing up more cash to keep things how they are is now confirmed as an option then.

If they always had the cash at the ready I think its disgusting that it took a milan bid to force the issue.

[davieG]

so the board coughing up more cash to keep things how they are is now confirmed as an option then.

If they always had the cash at the ready I think its disgusting that it took a milan bid to force the issue.

They are quotes from The Fox, I can't vouch for thier authenticity.

Assuming they're for real, as they've been talking to MM for 2 months it is possible that they initiated the contact and have been working on drumming up other options in order to present them to the share holders in one meeting.

It's just as easy to spin a positive as it is a negative - or you could just refrain from speculating.

[MBK]

They are quotes from The Fox, I can't vouch for thier authenticity.

Assuming they're for real, as they've been talking to MM for 2 months it is possible that they initiated the contact and have been working on drumming up other options in order to present them to the share holders in one meeting.

It's just as easy to spin a positive as it is a negative - or you could just refrain from speculating.

http://www.bbc.co.uk/leicester/content/art...06_result.shtml

in case

[cisono]

It's just as easy to spin a positive as it is a negative - or you could just refrain from speculating.

That'll be my choice for now

[reynard]

I like to think so. But listening to Taylor's interview with Barber, I am not so sure anymore. He seemed to be very intent on making it clear the shareholders will also be having other bids to consider and that we should embrace whoever it is that takes over, whether it be MM, a Midlands company or an American. Doesn't exactly fill me with confidence about Milan taking over

the interview was more interesting imo for the tone of voice used by taylor. at present it didn't sound like there was another concrete takeover bid on the table. however, i thought he did indicate that a rights issue was seriously being considered as an alternative to mm's bid.

unless the rights issue mounts up to several million pounds then i for one can not see how far that will take us.

another bid may happen but as of yesterday it didn't appear from the interview that there was anything concrete on offer.

[lcfc_jme]

refrain from speculating.

That'll be my choice for now

I think I shall be following this option just as cisono has chosen to do until/unless we hear something new, either during the week or on Saturday before the Preston game

[davieG]

Just to speculate for once I think Soho Fox on the Fox Fanzine has probably summed up the situation:

Listening to Ronald Big Mac - the 48 shareholders will meet next Saturday morning to vote on the various "options".

He admitted that apart from MMs bid most outside interest won't materialise into any formal concrete offer before next Saturday.

The option of doing nothing is a no no. We are in the cart.

Therefore there will only be 2 options for the shareholders to consider:

1. MM's revised bid which he will have formally followed up in writing this week following the meet in the hotel last week; or

2. The possibility of a "rights issue" for the shareholders. This means the Club release more shares and the shareholders can buy them probably in the same proportions as they have already. Yes this will release say another few million if all the shareholders put their hands in their pockets to buy yet more shares each.

But is it really very likely that the shareholders - faced with the choice of getting their money back or doubling their outlay - will do anything other than vote to accept MM's bid?

Looks a shoe-in for MM I'd say.

[spirefox]

One thing that came across in yesterdays interview was that we are in bigger financial trouble than I realised.The Rights Issue option to existing shareholders would only solve the short term financial crisis,with surely not long to wait before the next one.Mandaric's bid is clearly very well timed and I am convinced that all the statements about "other options" are purely negotiating tactics.We need to sell and we need to sell NOW.

[Fox4ever]

Taylor said: "The perception that this is the only option open to us is thoroughly misleading and extremely unhelpful.

"His (Mandaric's) is the only bid on the table, but you have to remember that we were out there talking to credible third parties about an investment in the football club, including existing investors.

"A week is a long time in football and I am pretty convinced that, in the next week or so, we will have alternatives.

This is very scary this is our incumbent chairman and should be a warning for us all!, everybody who is behind Manderic must make it vocally clear today, let the national press hear it leave the club in no doubt what we want is Milan.

Back Rob Kelly, Back the Team and Back Milan...today is our oppourtunity lets not waste it

Sounds to me like our beloved chairman does not want to lose his job being paid for two days work each week and will encourage shareholders to reject MM bid on the basis that he has other options up his sleeve. He should come clean and say what they are.

A rights issue were the current shareholders put in more money is a dead end as it will be pissed up the wall in no time.

We need someone to come in and have a clear out of incompetent staff as well as players, bring the stadium debt inhouse and provide funds for the transfer market.

Get rid of all the freelaoders and and bring back some sensible pricing structure to ensure more people take up season tickets.

[davieG]

Sounds to me like our beloved chairman does not want to lose his job being paid for two days work each week and will encourage shareholders to reject MM bid on the basis that he has other options up his sleeve. He should come clean and say what they are.

A rights issue were the current shareholders put in more money is a dead end as it will be pissed up the wall in no time.

We need someone to come in and have a clear out of incompetent staff as well as players, bring the stadium debt inhouse and provide funds for the transfer market.

Would be nice, but are sure MM is offering to do that?

Get rid of all the freelaoders and and bring back some sensible pricing structure to ensure more people take up season tickets.

At £13/match in the Kop I would have thought ST were as sensibly priced as you could expect. I would imagine that MM will probably put prices up, he'll have a lot of money to recoup and this will be his only way if we do not get promoted very quickly.

[dandannieldanok]

David Wilson, property developer who is worth hundreds of millions of pounds, is leading the bidding group from the midlands as far as my sources know.

[lcfc_jme]

David Wilson, property developer who is worth hundreds of millions of pounds, is leading the bidding group from the midlands as far as my sources know.

I understand that to be the case as well, but I've heard that company who sponsor the Tigers are also one of the front-runners

Let it be Meeelan, let us move forwards and let us return Home.

[Simon]

At £13/match in the Kop I would have thought ST were as sensibly priced as you could expect. I would imagine that MM will probably put prices up, he'll have a lot of money to recoup and this will be his only way if we do not get promoted very quickly.

I've said this before- if Milan WERE to take charge ticket prices would almost certainly go up. I hope all fans here are willing to pay them...

[potter3]

I think current STH should have their prices frozen as they were still willing to pay even though we were/are crap

[Chrysalis]

They are quotes from The Fox, I can't vouch for thier authenticity.

Assuming they're for real, as they've been talking to MM for 2 months it is possible that they initiated the contact and have been working on drumming up other options in order to present them to the share holders in one meeting.

It's just as easy to spin a positive as it is a negative - or you could just refrain from speculating.

refusing to speculate works both ways of course, you are speculating they intiated the contact.

[Trumpet]

I think current STH should have their prices frozen as they were still willing to pay even though we were/are crap

But that wont happen because it depends on peoples circumstances. Mine is, i cant go because i work every Saturday, but whether we are crap or not, id go. Just work and money thats held me back from a season ticket, this season and last..