Milan Mandaric has targeted leicester!

[Brummie-FOX]

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[lookwhaticando]

Wasn't that the reaction when they reported before anyone else that Mandaric was interested?

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:thumbsup:

Welcome to the team, Jamie!

[JoeyB]

personally i think he should get curbs (if he will come) to mentor jamie that would then be a bril partnership

[step]

personally i think he should get curbs (if he will come) to mentor jamie that would then be a bril partnership

Why and how do you come to that conclusion

[JoeyB]

prooved manager passing on his skills to a new possible abitous(sp) manager

nigel clough would be good to tho

[FNQ]

Wasn't that the reaction when they reported before anyone else that Mandaric was interested?

The exception that proves the rule I believe.

[brookfox]

personally i think he should get curbs (if he will come) to mentor jamie that would then be a bril partnership

As great as it souns, do you honestly think we could sell that to a manager of Curbs reputation?

"Yeah, it's a great offer Alan, we're a bottom half Championship club and we want you to come in and groom your future replacement"!!

There's only one way that'll happen, and it begins with a £ sign followed by a very large number!

[Louise]

Posted on another forum:

Because all parties are now bound by the PLC takeover rules, neither are allowed to give out information currently.

All we can say is that the legal and financial guys have been busy, the process can be quite drawn out, we wouldn't take the silence as a negative, it is just the process they have to follow.

link

[Mort]

I think that's about the sum of it, neither side is now able to say much as the talks are actually on going and it'll take a while for out the legal guff to get sorted, I'm pretty convinced by Ultra's suggestion that the take-over will be completed close to the Barnsley game, when Milan can walk out in front of a full Walkers and we'll be facing a game we really really should win.

[Master Fox]

I think that's about the sum of it, neither side is now able to say much as the talks are actually on going and it'll take a while for out the legal guff to get sorted, I'm pretty convinced by Ultra's suggestion that the take-over will be completed close to the Barnsley game, when Milan can walk out in front of a full Walkers and we'll be facing a game we really really should win.

I really hope that happens! I need some sort of reassuring news about what's happening. I'm hearing nothing and I’m getting worried.

[Foxes_Trust]

I think that's about the sum of it, neither side is now able to say much as the talks are actually on going and it'll take a while for out the legal guff to get sorted, I'm pretty convinced by Ultra's suggestion that the take-over will be completed close to the Barnsley game, when Milan can walk out in front of a full Walkers and we'll be facing a game we really really should win.

Our understanding is that timing is way too optimistic.

It was stated on a radio interview by Andrew Taylor that MM had 2 weeks to do due diligence & table a formal offfer, then the shareholders had 21 days to consider, that would take us beyond the Barnsley game.

We currently believe it would be after Christmas, probably early January on the basis these things never go smoothly & the Christmas holidays are not going to aid the timings.

[Daggers]

<snip>

What's the Trust Exec opinion on Kelly?

[Mort]

I hear what FT say... but to be honest all the chatter has been that this deal is close to completion, and MM has said that if it's not done by Christmas he wont continue, he wants to influence the make up of the team and probably the backroom staff so if the take over goes through I'd have thought it has to happen before Christmas.

[Parky]

On Sky Sports earlier they said news was expected towards the end of the week

[Daggers]

What's the Trust Exec opinion on Kelly?

That positive, huh?

[OriginalRobboFOX]

Will MM pull out if we continue to slide????

[lookwhaticando]

Will MM pull out if we continue to slide????

I can see it now. Evil scheme by the board to remain in place.

They don't want to take the rap for wanting to keep their comfy seats, so they told manager Kelly to get the team playing like shit so Milan would back out instead. Blame-shifting at it's best. :D :smile: :ph34r:

[davieG]

I can see it now. Evil scheme by the board to remain in place.

They don't want to take the rap for wanting to keep their comfy seats, so they told manager Kelly to get the team playing like shit so Milan would back out instead. Blame-shifting at it's best.

I actually think MM will not be bothered too much as long as we stay out of the bottom 3 as it will give him the freedom to clear the decks of anyone he doesn't want with out a murmur of protest,

[Ultra]

Wasn't that the reaction when they reported before anyone else that Mandaric was interested?

If I recall correctly, that was the Sunday Mirror..

[lookwhaticando]

I actually think MM will not be bothered too much as long as we stay out of the bottom 3 as it will give him the freedom to clear the decks of anyone he doesn't want with out a murmur of protest,

You're probably right.

You're far too sensible for these forums, be gone with you! :P :laugh:

[davieG]

You're probably right.

You're far too sensible for these forums, be gone with you! :laugh:

Only probably

[Webbo]

Our understanding is that timing is way too optimistic.

It was stated on a radio interview by Andrew Taylor that MM had 2 weeks to do due diligence & table a formal offfer, then the shareholders had 21 days to consider, that would take us beyond the Barnsley game.

We currently believe it would be after Christmas, probably early January on the basis these things never go smoothly & the Christmas holidays are not going to aid the timings.

Just because the shareholders have 21 days to decide, that doesn't necessarily mean it will take that long. I think we'll know one way or the other in a fortnight.

[davieG]

Posted By Bruin on the Fox Fanzine (PS he's usually reliable) Make what you will of it.

I've taken it upon myself over the last few weeks to do a bit of digging re this ole 'ere takeover business by milking the odd shareholder; contact, and person itk. and not turned up a huge amount more than some of the more discerning folks on here already suspect to be honest. But I have been privy to a modicum of concordial material (+ some which conflicts) which I have been able to throw into the churn, revolve it and pastuerize the content into some digestible form.

Don't quote me on any of it - I could be wildly wrong. This is strictly for fun, but it seems that far from the £25 million originally quoted, the bid is for around £4.5m directly to the shareholders + £2m to set aside as a transfer kitty if they agree, and all with no duty to downsize the stadium debt - this will be handled in the same format as it is now. Clearly if he takes ownership then he will become responsible for the liability of the ground repayment scheme, in just the same way as do our current board, but this element of the offer is a technicality and should not be construed as investment.

So it seems that MM has used his press mouthpiece to trumpet a huge bid figure to (successfully) gain support at grass roots level, when in fact the only cash boost to the Club's coffers will be £2m - effectively the remnant equity of the outgoing custodians' shareholdings.

Note to Soho: The share value of a private limited company does not fluctuate like that of a P(ublic)LC. They are therefore not subject to external forces. In such a case as this their value is that which the directors/shareholders put upon them irrespective of the markets. So basically MM is saying: 'I'll give you back what you paid, then when you no longer have any governance of the Club, I want you to dig into your back sky rocket and provide the war chest for my new players.'

Screwing the present incumbents down to zero profit is one thing - coming round with a begging bowl inscribed 'Compulsory Donation' quite another. No wonder the board didn't go a bundle on it and we heard such rumblings of discontent from unnamed shareholders when this was first made public.

Not exactly Abramovich is it?

BLUE ARMY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Daggers]

Posted By Bruin ... Not exactly Abramovich is it?

OK.

But...who is Mandy working for here - the shareholders? I don't think so. What does he care if they get their money back, it comes down to how much they will sell their stake for. This in itself is not an indication of how much he is going to invest in the future.

Personally, I don't give a stuff about £25million because I know it isn't true. We all know it isn't true. What we do know is that his is the only offer on the table and we are going to be royally ****ed if they/we don't take it.

The economics of desperation means that shareholders are never going to get full value, but at least this way they are going to get some value from their investment. This all sounds to me like a little bit of carping from people who'd like more but are bitter because they know they have sod all chance of getting it.

Now my question: Does anyone seriously think he is going to come in and lob four and a half million of his own money at the club to buy it and not protect that investment?

No, he isn't Roman...but he isn't The Grinch either.

[Swedging]

Now my question: Does anyone seriously think he is going to come in and lob four and a half million of his own money at the club to buy it and not protect that investment?

Don't be so silly. It's a bet on his behalf. One where he thinks the odds are well in his favour. Especially since he's backing any further investment with loan finance rather than equity and most of that initial 'investment' (purchase cost, as it really is) would be fairly easy to rip out of the the club.

With luck, it'll work out for us as well.