drew Posted 14 December 2006 Posted 14 December 2006 If the club is such a gold mine why hasn't one of the shareholder dug deep to take us to said holy land, especially as its only a 'moderate' investment. Also MM isn't getting the stadium for a minimal outlay, he is taking on the debt (if thats what he plans to do). You're chatting bollocks mate.
Chandler Posted 14 December 2006 Posted 14 December 2006 If the club is such a gold mine why hasn't one of the shareholder dug deep to take us to said holy land, especially as its only a 'moderate' investment. Also MM isn't getting the stadium for a minimal outlay, he is taking on the debt (if thats what he plans to do). You're chatting bollocks mate. (A) Because they don't see the opportunity that MM does. (B) They don't have the assets to borrow against or to plough in when required. As for the stadium the LCFC/LFC joint ownership vehicle will be revived in the new year.
leeleic Posted 14 December 2006 Posted 14 December 2006 It funny that people are trying ever single different angel to try and get some concrete info on what actually's going on ? who's doing what ? and when its going to be done by ? Personally i think that the club are being very professional in keep all the details confidential. One possible negative thing about MM is that he can be rather publicity seeking at times. I think for the benefit of the fans, and especially the players, the best way to go about these types of things is behind closed doors. Lets all site tight, enjoy christmas, and from what i understand, expect some rather good news just before the new year. How are you so calm!!!!
drew Posted 14 December 2006 Posted 14 December 2006 (A) Because they don't see the opportunity that MM does. (B) They don't have the assets to borrow against or to plough in when required. As for the stadium the LCFC/LFC joint ownership vehicle will be revived in the new year. A - Thats the perogative of the current board, if they can't realise the potential then tough get someone in that can, if its MM and he makes a killing good for him. B - Are you kidding, there are some very wealthy people in the shareholders list. They want to play at being football club owners on a shoe string budget, which you can't do at this level. As for the groundshare, what are you basing this on, opinion? If so stop spouting it as if its a given.
Webbo Posted 14 December 2006 Posted 14 December 2006 As for the groundshare, what are you basing this on, opinion? If so stop spouting it as if its a given. in my opinion the ground share is such an obvious no brainer that i can't understand why the tigers didn't bite our hands off. leicester cant sustain two quality stadiums.
Chandler Posted 14 December 2006 Posted 14 December 2006 As for the groundshare, what are you basing this on, opinion? If so stop spouting it as if its a given. in my opinion the ground share is such an obvious no brainer that i can't understand why the tigers didn't bite our hands off. leicester cant sustain two quality stadiums. Nail on head me ol' cock. The cost of redeveloping Welford Road is put at over £25million. That's an awful lot of money in a second tier sport like egg chasing. The auditor's of my firm acted as advisors to LFC during the original groudshare talks and the majority of the LFC board want to revive them. There are still a few fookin brain dead dieheard directors who don't want it... almost as many as there are on here!
Chrysalis Posted 14 December 2006 Posted 14 December 2006 tigers stadium costs isnt our problem tho is it.
Mort Posted 14 December 2006 Posted 14 December 2006 Any Chance we might hear somthing tommorow? with MM potentially at the game... perhaps some kind of statment might be made... maybe
the_bowman Posted 14 December 2006 Posted 14 December 2006 Any Chance we might hear somthing tommorow? with MM potentially at the game... perhaps some kind of statment might be made... maybe yeah, im gonna b there, and i just wanna get this whole mater wrapped up
Foxes_Trust Posted 14 December 2006 Posted 14 December 2006 He didn't say that at all. He said he can't take the money back to America so he might aswell invest it in another football club and his choice is Leicester City. Whether he'll invest all of that £32 million is debatable. His investment in Pompey was based on loans, so he would pay his investment companies back, so wouldn't have the cash burning a hole in his pocket
Foxes_Trust Posted 14 December 2006 Posted 14 December 2006 It funny that people are trying ever single different angel to try and get some concrete info on what actually's going on ? who's doing what ? and when its going to be done by ? Personally i think that the club are being very professional in keep all the details confidential. One possible negative thing about MM is that he can be rather publicity seeking at times. I think for the benefit of the fans, and especially the players, the best way to go about these types of things is behind closed doors. Lets all site tight, enjoy christmas, and from what i understand, expect some rather good news just before the new year. It's actually because they are following a legal process on takeovers where the parties involved are forbidden from speaking publically until an advanced stage is reached.
Foxes_Trust Posted 14 December 2006 Posted 14 December 2006 . I second that emotion. Particularly the nonsense about MM investing £32 million in LCFC. In reality, MM will put up about 25% of his own capital to acquire LCFC equity. MM's iniital hard offer for these shares is £3.2m (with a further £3.2m 'back half' subject to conditions). This means that MM will probably initially just put up £750,000 of his own money for the club - the remainder will be borrowed (secured against his own assets). As for transfer funds, I would be surprised if total club expenditure in the January window will be more than £2m. At least half of the value of any player(s) will be deferred. Possibly up to half of any payments will come out of LCFC's existing reserves. Half the remainder may come from MM himself and the rest he will borrow again. This means MM will shell out the princely sum of £1m for his takeover of LCFC. Which is the reason why he's buying us. We are the football steal of the century. Our understanding is that the offer is a moving feast, so may be nothing like that described above, we await the actual document. Money from "existing reserves" - you mean those not in the first team are going to cough up for additional players? - that is about as likely as any additional funding for players being anywhere in our existing coffers.
Foxes_Trust Posted 14 December 2006 Posted 14 December 2006 Well according to Hull fans, that paper and the club hate each other and often write stuff to piss the club off, so it's likely to be pure speculation rather than hard facts. Unlike our own local paper which is full of true facts......aka £25m
Fez of Mahrez Posted 14 December 2006 Posted 14 December 2006 . Our understanding is that the offer is a moving feast, so may be nothing like that described above, we await the actual document. Money from "existing reserves" - you mean those not in the first team are going to cough up for additional players? - that is about as likely as any additional funding for players being anywhere in our existing coffers. Erm... What. The. Fock? i.e. you read that as reserve team players paying transfer fees?! EDIT: Or was that a joke??
Foxes_Trust Posted 14 December 2006 Posted 14 December 2006 Erm... What. The. Fock? i.e. you read that as reserve team players paying transfer fees?! EDIT: Or was that a joke?? A jokey way of saying reserve funds = £0
Manwell Pablo Posted 14 December 2006 Posted 14 December 2006 A jokey way of saying reserve funds = £0 I bet Peter Kay is shitting it with upcoming competition like you lot.
Craig Posted 14 December 2006 Posted 14 December 2006 A jokey way of saying reserve funds = £0 On form tonight FT
Foxes_Trust Posted 14 December 2006 Posted 14 December 2006 On form tonight FT More importantly lets hope the players are on Saturday...
Craig Posted 14 December 2006 Posted 14 December 2006 More importantly lets hope the players are on Saturday... Keep 'em comming, ho ho ho.
Chandler Posted 15 December 2006 Posted 15 December 2006 Managed to dodge my reply then Chandler. Do you seriously think a 48er is going to turn round to the rest of the angels and say something like this: 'Er chaps...I've had this briiliant idea. You know all those shares we got in return for stumping up to prevent LCFC going into liquidation? Well why don't you give ALL your shares to moi for say um... half price and I'll chat up a few bank managers to see if they'll give me the funds to pay you? Do you think aforementioned 48er would be dead in his chair before completing that last sentence or do you think he would make good his escape from the boardroom but minus his testicles?
Webbo Posted 15 December 2006 Posted 15 December 2006 tigers stadium costs isnt our problem tho is it. if we shared the ground we'd halve our costs and increase profits. apart from the state of the pitch, this would be a win win situation.
davieG Posted 15 December 2006 Author Posted 15 December 2006 if we shared the ground we'd halve our costs and increase profits. apart from the state of the pitch, this would be a win win situation. People keep saying increased profits but no one seems to say how or where from. Oh and how do we halve our costs?
Ric Flair Posted 15 December 2006 Posted 15 December 2006 if we shared the ground we'd halve our costs and increase profits. apart from the state of the pitch, this would be a win win situation. The reason why I don't want the ground share at present is because it's a short term fix. Getting some cash in, that the current board and manager would fritter away and then we'd be left permanently screwed. I'd be very concerned if MM wants to raise the groundshare again and i'd want to know his reasons why but with him running the club instead of our current lot, it wouldn't be quite as detrimental. Still not keen on that though.
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