Bert Posted 11 December 2006 Posted 11 December 2006 ...."With Milan Mandaric's proposed £25 million takeover likely to be completed on december the 31st"... That's from The Sun.
davieG Posted 11 December 2006 Author Posted 11 December 2006 That's from The Sun. I'm not taking anything serious from anyone that keeps promoting the idea that we're being bought for £25Mill
Manwell Pablo Posted 11 December 2006 Posted 11 December 2006 The Foxes Trust have just said that the board are working closely with MM to make sure the bid caters for all the shareholders so that they all accept. Didn't they provisionally accept the bid 3 weeks ago in the emergency board meeting? If not, then what did they agree to? Surely the board took them through the meetings they'd had with MM and what his plans were for taking over. Now, ok there will have been some issues that the shareholders wanted clarifying before definitely selling. But the fact that almost every single shareholder (perhaps even every one of them) were in favour of this, surely there's not that much scope to cover to please all shareholders? The Trust go on to say that some details of the bid may please some shareholders and not others so they the board are trying to come to an agreement to please all of them. Fair enough, but i'm surprised this hasn't been cleared up long before now. The shareholders need to take a gamble. The current lot aren't succeeding here, MM can't do much worse. As I've said before, I have nasty feeling this could drag on into January. Which means no change in players no change in management.
Manwell Pablo Posted 11 December 2006 Posted 11 December 2006 I'm not taking anything serious from anyone that keeps promoting the idea that we're being bought for £25Mill I'll laugh so hard if it turns out to be 25 million after all this
davieG Posted 11 December 2006 Author Posted 11 December 2006 I'll laugh so hard if it turns out to be 25 million after all this That you might, and no one's saying it wont, but anyone saying it is at this point in time is being mischevious and best or just down right lying - unless they are MM or a LCFC shareholder.
Bert Posted 11 December 2006 Posted 11 December 2006 I'm not taking anything serious from anyone that keeps promoting the idea that we're being bought for £25Mill I'm just the messenger davieG
davieG Posted 11 December 2006 Author Posted 11 December 2006 I'm just the messenger davieG Aim at the Sun, mind you there's lots of other reasons I'd ignore the Sun for. PS Newspaper that is not the heavenly body.
Foxes_Trust Posted 11 December 2006 Posted 11 December 2006 I'll laugh so hard if it turns out to be 25 million after all this We would be absolutely delighted if it was £25m, not a cat in hell's chance of it being so (and we are a shareholder),
Kilworthfox Posted 12 December 2006 Posted 12 December 2006 On November 18th 2006 Andrew Taylor spoke to RL and agreed with John Barber and said Mandaric had about a fortnight to look at the books and make a formal offer as this was part of the process. It is now December the 12th, have the board recieved and discussed a bid? November 18th was 25 days ago, has he sent a letter offer? If he wanted to own the club but jan it would have had to have been recieved by december 10th, two days ago so the current board had 21 days to discuss. My questions are has any progress been made since 18/11/2006? Is Mandaric likley to be in charge for jan 2007 like he said he wanted to be on East Midlands Today? Why did West Hams takeover seem to be more open to the public, let alone fans and that got sorted quickly as i remember it as there were 2 bids and they chose what they thought to be the best and then the guy owned the club, was it that simple? If so why is our takeover seeming to go on and on when only 1 bidder has come to light? Any better informed people on here to give some answers cheers
Louise Posted 12 December 2006 Posted 12 December 2006 MM expected to be there again on Saturday: There could be one very special fan present again. The process surrounding Milan Mandaric's takeover is still on-going and there is every chance he will be paying his second visit to the Walkers.He decided to miss the game at Wolves because he felt his presence on the City side of the directors box, opposite the Wolves board who have been trying to tempt him to Molineux, would not have been very diplomatic. All the main points of the takeover have been agreed in principle, but there is still the formality of the final offer being drawn up and accepted by City's board and shareholders. If everything goes without a hitch, his assumption of control will come in time to boost Kelly's activities when the transfer window opens next month. http://www.thebluearmy.co.uk/details.asp?b...6269754|p|536|0 And Bill has managed not to call it at '£25m bid', I'm impressed.
Kilworthfox Posted 12 December 2006 Posted 12 December 2006 MM expected to be there again on Saturday: And Bill has managed not to call it at '£25m bid', I'm impressed. do you believe he's gonna bring the grankids? its only a quid to get in you know! if he can get a ticket seing as it will be a sell out
lookwhaticando Posted 12 December 2006 Posted 12 December 2006 Bugger. That's dreadful news. I hope I can change that bet I had on a 4-0 win, I need to change it to a 4-0 thrashing by Barnsleh.
Master Fox Posted 12 December 2006 Posted 12 December 2006 MM expected to be there again on Saturday: And Bill has managed not to call it at '£25m bid', I'm impressed. That is very reassuring to know. By the sounds of things i reckon this will all be tied up within the next week.
Graz Posted 12 December 2006 Posted 12 December 2006 That is very reassuring to know. By the sounds of things i reckon this will all be tied up within the next week. What are you hearing that I'm not? I've not seen much to suggest anything has changed from this time last week.. I hope you're right, but I've not seen any indication that it is close to being completed really. I think it will drag on for a couple more weeks yet. I wish it would be done soon though!
Thracian Posted 13 December 2006 Posted 13 December 2006 While all this talk goes on I was reading in the Express about the Icelandic takleover of West Ham. Very comforting I must say.
Tubes Posted 13 December 2006 Posted 13 December 2006 While all this talk goes on I was reading in the Express about the Icelandic takleover of West Ham. Very comforting I must say. apparently the first bloke that tried to buy them actually had no money didnt he? well thats what ive heard
who-izzet Posted 13 December 2006 Posted 13 December 2006 I first heard it was the 15th when Mandaric should have control but the papers are suggesting the 31st Dec.
Swedging Posted 13 December 2006 Posted 13 December 2006 I first heard it was the 15th when Mandaric should have control but the papers are suggesting the 31st Dec. MM's initial statement was ambiguous and the Mockery (and others) picked that up to suggest that he was saying that he would be in place by the 15th. Looking at it more carefully, it seems that he was saying little more than that he would put the bid in by the 15th. When he actually puts a bid in, he might try and demand a quick decision so he is in by the end of the year. But that will have been talked over with Taylor and, via him, a number of shareholders. So, if he makes that demand and it goes against him, he made the demand mainly because he wants to walk away and blame others. And if he really wants the club, he'll only make that demand knowing that the answer's Yes.
Ric Flair Posted 14 December 2006 Posted 14 December 2006 MM's initial statement was ambiguous and the Mockery (and others) picked that up to suggest that he was saying that he would be in place by the 15th. Looking at it more carefully, it seems that he was saying little more than that he would put the bid in by the 15th. When he actually puts a bid in, he might try and demand a quick decision so he is in by the end of the year. But that will have been talked over with Taylor and, via him, a number of shareholders. So, if he makes that demand and it goes against him, he made the demand mainly because he wants to walk away and blame others. And if he really wants the club, he'll only make that demand knowing that the answer's Yes. That's quite right, but if the shareholders are willing to sell to Mandaric, they'll want to get it sorted before the end of January transfer window to give the manager funds to strengthen the squad. If they aren't interested in that, then it goes against them having the clubs interests at heart. If it's going to go through it will do so within the next 2-3 weeks maximum I would have thought.
Mort Posted 14 December 2006 Posted 14 December 2006 That's quite right, but if the shareholders are willing to sell to Mandaric, they'll want to get it sorted before the end of January transfer window to give the manager funds to strengthen the squad. If they aren't interested in that, then it goes against them having the clubs interests at heart. If it's going to go through it will do so within the next 2-3 weeks maximum I would have thought. Agreed, to be honest the only issue remaining seems to be some of the shareholders wanting all their money back, even though they never expected to get it back in the first place and wont ever get it back if the current lack of investment continues, which it will unless MM's bid gets accepted and this is not even considering what happens if the deal falls through and we get relegated... how do the shareholders get their cash back if we go down to Leauge One?... just strikes me as bloody short sighted is all!
davieG Posted 14 December 2006 Author Posted 14 December 2006 Agreed, to be honest the only issue remaining seems to be some of the shareholders wanting all their money back, even though they never expected to get it back in the first place and wont ever get it back if the current lack of investment continues, which it will unless MM's bid gets accepted and this is not even considering what happens if the deal falls through and we get relegated... how do the shareholders get their cash back if we go down to Leauge One?... just strikes me as bloody short sighted is all! This is all conjecture of course, I understood they will get there money back but not all at once. So maybe the discussion/disagreement, if there is one is more about the how, when, where rather than what will be payed up.
Ric Flair Posted 14 December 2006 Posted 14 December 2006 This is all conjecture of course, I understood they will get there money back but not all at once. So maybe the discussion/disagreement, if there is one is more about the how, when, where rather than what will be payed up. The thing is Davie, they are damn lucky that MM has offered anywhere near the amount they stuck in to this club. A) because some have gone on record to say they put the money in without expecting to see a penny back and B) because the club hasn't improved at all in the years they've been here and when clubs/companies do that they rarely hold their value. I don't know what's going on, but for the life of me if it's to do with how much money our shareholders get back then bollocks to them. They'll potentially be in for the worst period of their lives if this falls through, the fall-out from this will be massive. If the fans turn on this club with the position we are in and the in-experience of our manager, it will be relegation and devastation. It's as simple as that, the board and shareholders need to stop worrying about MM's intentions and take a risk. Accept, he's not here to **** us over. Why would he do that in the country he's gained a excellent reputation?. This is our chance to move forward, there's no other feasible way.
willy37 Posted 14 December 2006 Posted 14 December 2006 well the proposed takeover deadline was december 15th. wonder weather we will hear any confirmation at the barnsley game
fosseman Posted 14 December 2006 Posted 14 December 2006 well the proposed takeover deadline was december 15th. wonder weather we will hear any confirmation at the barnsley game Doubt it. Things never go straightforward with LCFC.
Webbo Posted 14 December 2006 Posted 14 December 2006 This is all conjecture of course, I understood they will get there money back but not all at once. So maybe the discussion/disagreement, if there is one is more about the how, when, where rather than what will be payed up. milan said he was going to invest the whole £32million he got from portsmouth in leicester so why is he quibbling about 1, 2, 3 million? there is more to this than we'll ever know. Why does everybody always assume it's the boards fault? P.S. i'm in favour of the bid.
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