macky Posted 2 January 2007 Posted 2 January 2007 just been on east midlands today that the MM deal is done and should be in charge by the 13th. fortunately I don't have access to east midlands today but how can the deal be done before his offer has been presented to the shareholders at the EGM?
Lester LXXIV Posted 2 January 2007 Posted 2 January 2007 just been on east midlands today that the MM deal is done and should be in charge by the 13th. did you see this on tv or is there an internet link to it mate?
leeleic Posted 2 January 2007 Posted 2 January 2007 is this true? i'm scanning the net but can't find anywhere that says deal is or soon to be definatly done!!!
Bert Posted 2 January 2007 Posted 2 January 2007 fortunately I don't have access to east midlands today but how can the deal be done before his offer has been presented to the shareholders at the EGM? I read somewhere that there was no need for another EGM. I think.
Milky Posted 2 January 2007 Posted 2 January 2007 I read somewhere that there was no need for another EGM. I think. the mockery
macky Posted 2 January 2007 Posted 2 January 2007 I read somewhere that there was no need for another EGM. I think. but the deal cannot be completed until the shareholders have voted on wether to accept MM's offer, or not.
Webbo Posted 2 January 2007 Posted 2 January 2007 did you see this on tv or is there an internet link to it mate? i just going on what was said on the tv
Milky Posted 2 January 2007 Posted 2 January 2007 I read somewhere that there was no need for another EGM. I think. The Mercury understands there will be no need to call another extraordinary general meeting to rubber-stamp the takeover, which means delays should now be kept to a minimum. http://www.thebluearmy.co.uk/details.asp?b...6269754|p|536|0
Daggers Posted 2 January 2007 Posted 2 January 2007 the deal cannot be completed until the shareholders have voted on wether to accept MM's offer, or not. Mandaric deal on the move The Serbian businessman Milan Mandaric could be in charge of Leicester City by the end of the month. Listen to our interviews, and watch Mandaric's first television interview here... 01 January 2007 BBC Leicester understands that Leicester City have been made a final offer by Milan Mandaric for a takeover of the club. BBC Leicester's sport reporter, John Sinclair brings you the details... audio Listen: John Sinclair on Milan Mandaric It's also understood a deadline has been set by the former Portsmouth owner for the offer to be accepted or rejected. An EGM of City's shareholders will need to approve the offer and since two weeks notice has to be given, it's understood that a deal, although still likely, will possibly not be concluded before the end of the January transfer window. Link
Walkers Wonderkid Posted 2 January 2007 Posted 2 January 2007 is this true? i'm scanning the net but can't find anywhere that says deal is or soon to be definatly done!!! its on the front of the mercury aint it?! btw which game do you think will be the last before mandaric deal is finalised?im not sure but it will be a good experimental game for us!!!!
Mort Posted 2 January 2007 Posted 2 January 2007 its on the front of the mercury aint it?! btw which game do you think will be the last before mandaric deal is finalised?im not sure but it will be a good experimental game for us!!!! I think Brum'll be MM and no doubt Dowie's first game in charge of city... it'll be interesting, that much is sure
Flynny Posted 2 January 2007 Posted 2 January 2007 I really hope it isn't Dowie. What are the odds of Watford getting twitchy and sacking Aidy Boothroyd?
leeleic Posted 2 January 2007 Posted 2 January 2007 I really hope it isn't Dowie. What are the odds of Watford getting twitchy and sacking Aidy Boothroyd? Slim, unless they're a complete bunch of f*knuts.......so....hold on.......quite possible!
lookwhaticando Posted 2 January 2007 Posted 2 January 2007 Watford won't sake Boothroyd. Unfortunately for us. Boothroyd > Dowie.
lookwhaticando Posted 2 January 2007 Posted 2 January 2007 Keegan for boss. That tickles my fish. Doubt he'd come though.
Steven Posted 2 January 2007 Posted 2 January 2007 Posted on another forum. My dad was speaking to Bill Anderson earlier as he had to visit the Mercury.Apparently Bill was speaking to Milan earlier today and it all seems a done deal. He also said if it didn't happen Administration is very likely. Believe what you like.
Daggers Posted 2 January 2007 Posted 2 January 2007 Posted on another forum. Administration is the only logical alternative to a successful take-over. We are broke, losing money each week and losing on the pitch. We have little in the way of playing assets to sell or breaking through. If we don't go down this season then (without any change) we will the next. Some would like to paint a viewpoint such as this as extreme, and cite that the likes of Colchester are doing alright...but that ignores outstanding playing and staff contracts, stadium payments and overdraft/interest obligations. We have no logical alternative.
Graz Posted 2 January 2007 Posted 2 January 2007 I think Brum'll be MM and no doubt Dowie's first game in charge of city... it'll be interesting, that much is sure Which is good, because that game is live on Sky! Hopefully have a new (loan) signing or 2 by then for everyone to see too
Mort Posted 2 January 2007 Posted 2 January 2007 Administration is the only logical alternative to a successful take-over. We are broke, losing money each week and losing on the pitch. We have little in the way of playing assets to sell or breaking through. If we don't go down this season then (without any change) we will the next. Some would like to paint a viewpoint such as this as extreme, and cite that the likes of Colchester are doing alright...but that ignores outstanding playing and staff contracts, stadium payments and overdraft/interest obligations. We have no logical alternative. That exactly why i've always thought this take-over is so important... Ultra's comments about Colchester where simply (with the greatest of respect) delusional, we either take the gamble of MM taking over with his pretty decent record at Pompey or rejecting it and probably going down with the current outfit Which is good, because that game is live on Sky! Hopefully have a new (loan) signing or 2 by then for everyone to see too We Can hope
Foxes_Trust Posted 2 January 2007 Posted 2 January 2007 taken from the Fox message board (re-posted here for info) Poster - Soho Some questions you should now be able to answer: 1. Is it true one of the non-exec Directors, James Johnson a solicitor from Messrs Clifford Chance (one of the biggest law firms in the world - if not the biggest) has resigned in protest at the final offer from MM? 2. Has the Board recommended or will the Board recommend to the shareholders that MM final bid is accepted? 3. Is there still a need for an EGM of the shareholders before acceptance? If not why not given that everyone said that there was a legal requirement for such a meeting on 14 days notice? 4. Do we now have a formal bid in from MM? 5. If there is not to be an EGM are the shareholders individually replying to an offer by agreeing to sell their shares in writing rather than in a meeting? 6. Do the Trust expect that at least 90% of the shareholders will accept MM's final offer? 7. When will Kelly be booted out and who is MM lining up for the job? 8. Will this deal be done by 13 Jan as E Midlands Today says - or by 31 Jan as Radio Leicester says? 9. Will the Trust be accepting the offer in respect of their shares? 10. Is it true that MM has offered to set up an "advisory board" with the Trust being appointed to that board? Who else will be on that "advisory board"? 11. Is it true that if the MM deal does not go through LCFC will be forced into administration again before the end of the season with the prospect of a minimum of a 10 point deduction? foxes trust answer 1. Yes, but the reasoning may relate more to not being comfortable with Q2, as in recommending 2. We believe they will, but nothing has been received as of tonight 3. There will need to be an EGM, however if it is established in writing (must be in writing) that enough backing is achieved, the EGM becomes a formality and things can move on the player front prior to the EGM 4. We haven't seen it as yet, but believe it has been received 5. See 3 above 6. We don't know, it depends what the final offer includes, the difference between personal guarantees of future payments and bank guarantees is huge in some shareholders eyes, this may be the key issue (but LCFC reps have repeatedly told MM this) 7. Can't answer that one due to conflicting information from reliable sources, MM said directly to us after the Sheff Weds game that he thought RK was doing a good job with the resources he had available and he wanted to help him (there again the West Ham new owner said......) 8. Don't know at this stage, too early to call really all determined by the shareholders reaction + the Russian guy paying up to MM has to be another factor. 9. We may not have to sell, cannot expand on this point, but it doesn't mean we are trying to block the bid 10. Yes, an MM representative has said we will be on it, do not know the make up of it though 11. No, but we wouldn't rule out either player sales or another option appearing out of necessity
fantastic_mr_fox Posted 2 January 2007 Posted 2 January 2007 Thanks FT an interesting week lies ahead - try to keep us informed as much as you can.
dhermon Posted 3 January 2007 Posted 3 January 2007 Well from what i read on the net there is no need for another EGM "The long, drawn-out process which has been frustrating for both parties, is now set to gather pace as it enters the finishing stretch. The Mercury understands there will be no need to call another extraordinary general meeting to rubber-stamp the takeover, which means delays should now be kept to a minimum." Question is who do i believe more Foxestrust or the mercury
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