Daggers Posted 15 January 2007 Posted 15 January 2007 In reality we wouldn't know that was the situation prior to making our decision. We await the answers to 3 questions, if those answers are contained in the final bid document & we are happy with the answers then we would back it, but we need all 3 answers. ...and on Jan 13 2007, 12:29 AM someone opined We will keep quiet other than this reply. Even simple pronouncements don't seem to carry any weight - so how much can be attached to big ones?
Hullfox Posted 16 January 2007 Posted 16 January 2007 In reality we wouldn't know that was the situation prior to making our decision. We await the answers to 3 questions, if those answers are contained in the final bid document & we are happy with the answers then we would back it, but we need all 3 answers. You would back it personally or as a group? Being a democracy shouldn't you ask your members first.
lookwhaticando Posted 16 January 2007 Posted 16 January 2007 You would back it personally or as a group? Being a democracy shouldn't you ask your members first. Now that's a can of worms if ever there was one.
davieG Posted 16 January 2007 Author Posted 16 January 2007 You would back it personally or as a group? Being a democracy shouldn't you ask your members first. I'm sure they mean the FT board would back it and recommend it to their members as per the LCFC board to the shareholders. But since everyone is now scrutinising every word the FT says in order to find fault it only adds weight to the ongoing recommendation that they should stick to pronouncements on their own website and then only after serious deliberation of the contents.
Jon the Hat Posted 16 January 2007 Posted 16 January 2007 I'm sure they mean the FT board would back it and recommend it to their members as per the LCFC board to the shareholders. But since everyone is now scrutinising every word the FT says in order to find fault it only adds weight to the ongoing recommendation that they should stick to pronouncements on their own website and then only after serious deliberation of the contents. Boring! If the FT go quiet what will we have to talk about?
Fox in a Box Posted 16 January 2007 Posted 16 January 2007 .......................but who would sponsor Chris O Grady? The FOXES TRUST must stay!!!
Lester LXXIV Posted 16 January 2007 Posted 16 January 2007 Milan Mandaric feels it is vital his takeover of Leicester City is completed in the coming days. The Serbian businessman has spent over two months trying to push through a £25million deal for the Championship club. Due diligence has been completed and Mandaric revealed there are just a couple of hitches to resolve before he can assume control at The Walkers Stadium. "I expect it to be done very soon," Mandaric told Sky Sports News. "Due diligence is finished. "There are a couple of obstacles we have to overcome, nothing serious I hope. "I expect it to be done in the next several days, it's just some major commercial stuff I need to overcome and I think that will be done." But with just a fortnight to the close of the transfer window, the former Portsmouth chairman has outlined the importance of sealing his takeover imminently. He added: "I wanted to be there a long time ago. Time is of the essence. "January is going, but we have got to do some business in January, if I am going to be part of this club." Mandaric also revealed the extent of The Foxes' current debt is greater than he had initially expected. "It's not something people didn't tell me the truth about, it was just something I was surprised about," continued Mandaric. "It was a bigger debt than I realised in the beginning and we need a little more time to analyse and to find out, and to find a way how to live with that." Is that meant to be some kinda threat??
Thracian Posted 16 January 2007 Posted 16 January 2007 It sounds like someone who's getting pissed off and realising that time is running out rapidly as far as rebuilding this season is concerned. And, perhaps as important, perhaps his target players will be getting anxious too.
Ric Flair Posted 16 January 2007 Posted 16 January 2007 Milan Mandaric feels it is vital his takeover of Leicester City is completed in the coming days. The Serbian businessman has spent over two months trying to push through a £25million deal for the Championship club. Due diligence has been completed and Mandaric revealed there are just a couple of hitches to resolve before he can assume control at The Walkers Stadium. "I expect it to be done very soon," Mandaric told Sky Sports News. "Due diligence is finished. "There are a couple of obstacles we have to overcome, nothing serious I hope. "I expect it to be done in the next several days, it's just some major commercial stuff I need to overcome and I think that will be done." But with just a fortnight to the close of the transfer window, the former Portsmouth chairman has outlined the importance of sealing his takeover imminently. He added: "I wanted to be there a long time ago. Time is of the essence. "January is going, but we have got to do some business in January, if I am going to be part of this club." Mandaric also revealed the extent of The Foxes' current debt is greater than he had initially expected. "It's not something people didn't tell me the truth about, it was just something I was surprised about," continued Mandaric. "It was a bigger debt than I realised in the beginning and we need a little more time to analyse and to find out, and to find a way how to live with that." Is that meant to be some kinda threat?? I think it's fair to say that, how much longer can this rumble on without it becoming evidently clear that the board/shareholders are opposed to the MM take-over. I think this will be concluded within the next week or so and if it isn't, then it's because the shareholders aren't keen on accepting. So it's a fairly irrelevant statement, given that it's almost a certainty that the take-over will either be finalised or fallen through within the next 10-14 days.
Manwell Pablo Posted 16 January 2007 Posted 16 January 2007 I think it's fair to say that, how much longer can this rumble on without it becoming evidently clear that the board/shareholders are opposed to the MM take-over. I think this will be concluded within the next week or so and if it isn't, then it's because the shareholders aren't keen on accepting. So it's a fairly irrelevant statement, given that it's almost a certainty that the take-over will either be finalised or fallen through within the next 10-14 days. If it aint through by Monday I'll be very worried
Ric Flair Posted 16 January 2007 Posted 16 January 2007 If it aint through by Monday I'll be very worried Reports say the bid is expected early this week, but then MM needs confirmation in writing from the shareholders. There is bound to be certain questions shareholders will want to ask, hopefully something that could be cleared up in a matter of minutes/hours, but is that enough time for MM to get the shares in writing by Monday? I hope so, but i'd also hope that an indication of who's up ferrit and who isn't will be given to Mandaric very soon and that he can crack on with getting us some players in.
Master Fox Posted 16 January 2007 Posted 16 January 2007 I think it's fair to say that, how much longer can this rumble on without it becoming evidently clear that the board/shareholders are opposed to the MM take-over. I think this will be concluded within the next week or so and if it isn't, then it's because the shareholders aren't keen on accepting. So it's a fairly irrelevant statement, given that it's almost a certainty that the take-over will either be finalised or fallen through within the next 10-14 days. This is so frustrating and really becoming rather annoying! This is probably the greatest opportunity to try and drag the club out from the pile sh*t it’s currently in but only Leicester and the morons within could balls something like this up!
Louise Posted 16 January 2007 Posted 16 January 2007 I think it's fair to say that, how much longer can this rumble on without it becoming evidently clear that the board/shareholders are opposed to the MM take-over. I think this will be concluded within the next week or so and if it isn't, then it's because the shareholders aren't keen on accepting. So it's a fairly irrelevant statement, given that it's almost a certainty that the take-over will either be finalised or fallen through within the next 10-14 days. All depends on the content of MM's final bid though, apparently the board are keen for it to go through as they keep giving him 'tips' on how to make his offer more acceptable to shareholders. Shareholders haven't even seen the bid yet, so I wouldn't worry about them not wanting MM in just yet. I'd agree that it'll be concluded in the next week, if everything goes to plan, however the board might have some more suggestions for MM's bid when he brings it back on Wednesday, so it could drag on to the extent that the shareholders don't even see the final bid until Monday.
MC Prussian Posted 16 January 2007 Posted 16 January 2007 This is so frustrating and really becoming rather annoying! This is probably the greatest opportunity to try and drag the club out from the pile sh*t it’s currently in but only Leicester and the morons within could balls something like this up! They're all just a bunch of stubborn kids, kicking, shouting and screaming their lungs out! I'd offer them all a free lolly as an "appeasement measure".
Babylon Posted 16 January 2007 Posted 16 January 2007 "It's not something people didn't tell me the truth about, it was just something I was surprised about," continued Mandaric. I expect people will apologise for lambasting the board and the trust over this, when in fact he had been told and they weren't "hidden debts". Probably not, no doubt moved on to something else to throw a wobbly about now. <_<
The People's Hero Posted 16 January 2007 Posted 16 January 2007 If this doesn't go through, the bad feeling towards the board and trust (justifiably or not) will be unbelievable.
Phlashman Posted 16 January 2007 Posted 16 January 2007 I think it will go through, just Milan wants to get something done in the transfer window to show his intentions to the fans and insure we're safe from religation. Otherwise there's not really much he can do to change the fortunes of the club until the summer and the honeymoon period will be over alot sooner.
bold_fox Posted 16 January 2007 Posted 16 January 2007 Can someone try to dig out that post about the whole association of the MM takeover with the predicted boom in the US Soccer industry. I forget who posted it, but they predicted Beckham would go to the US. There was also predictions about Man U trying to get involved in the US market.... they also had some really interesting ideas/rumours about MM linked LCFC with a US team. ( something like LA Foxes... ). Anyone Remember the post ?
Master Fox Posted 16 January 2007 Posted 16 January 2007 Can someone try to dig out that post about the whole association of the MM takeover with the predicted boom in the US Soccer industry. I forget who posted it, but they predicted Beckham would go to the US. There was also predictions about Man U trying to get involved in the US market.... they also had some really interesting ideas/rumours about MM linked LCFC with a US team. ( something like LA Foxes... ). Anyone Remember the post ? Chandler the Prophecy
fox123 Posted 16 January 2007 Posted 16 January 2007 http://www.foxestalk.co.uk/forums/index.ph...=29065&st=0 Thats the link your looking for i think!
Ric Flair Posted 16 January 2007 Posted 16 January 2007 If the board are willing to accept MM's bid, then I see no reason why the other shareholders wouldn't. Let's face it, some of our board are on a nice wage, so they'll be losing that aswell as not getting all their money back they paid in to the club. So that for me, suggests how bad things are at this club, aswell as perhaps the board not being that interested in getting their money back, perhaps they do want the best for the club and MM being that. It's Mandaric or the high possibility of administration, where the shares will be worth bollocks all and we'll be relegated. It's not a difficult decision to make, especially given our board's already backing the revised bid.
bold_fox Posted 16 January 2007 Posted 16 January 2007 Fantastic read..... Sorry but i had to repost it... Sometime ago I tried to post on this board and give the real reasons why MM wanted to take over LCFC. I was actively prevented from doing so by one of the moderators more concerned with his own ego than with board members knowing the truth. So I am going to try again... Lets get the trivial ones out of the way first: 1) Premiership football could be secured for a very modest outlay on the never never for an inital return of £50 million excluding receipts and merchandising ( a 1000% profit on investment). 2) A revival of the 'merger' with the Tigers would facilitate the reacquisition of The Walkers (and expansion) and slash administration and marketing costs. But these are not the REAL reasons. Some of you may know that MM once owned an MLS outfit called San Jose Earthquakes. Well, word on the street is that he wants to own another MLS club. Malcolm Glazer wants one too and so does Randy Lerner. In fact both these Americans bought into Premiership clubs first so that they could then go back and buy in the States. Why do they want to do that. The answer is... FRANCHISING At the moment Glazer is looking to buy one of the four MLS clubs owned by Philip Anschutz's entertainment conglomerate AEG who in turn is key to make at least one disposal following the introduction of the so called 'Beckham' rule which now allows MLS clubs the right to have two players on their 'rosters' whose salaries are not capped. This rule was introduced to facilitate the possible move to MLS of one David Beckham. It looks almost certain that he will be going to LA Galaxy at the end of this season and that the club will be taken over by Malcolm Glazer and be rebranded as 'Manchester United USA.' Colossal TV and merchandising revenues will then be used to pay off loans taken out to finance the purchase of MUFC. This my friends is FACT check here: http://www.bizjournals.com/tampabay/storie...27/daily33.html Now my spies in the US tell me that MM has been seen both at DC United this season (home of the not so young Freddy Adu and another AEG club) and at New York Red Bulls (yet another AEG outfit and to where David Beckham was first mooted as moving) and that he had expressed interest in getting 'involved' once the Beckham Rule had passed. If all this does come to pass by 2008/9 we will have a 'twin club' in Washington or New York with the word 'Foxes' in the title and whose players will take the field in the holy blue. Too much isn't it? Back of the envelope calculations show that whole franchise revenues by 2010 will be inexcess of £150 million per annum - second only to MUFC (yes, more than Chelsea) and enough to launch a Premiersip title bid. And enough to make Milan a billionaire by the time he pops his clogs... Chandler - Dec 1 2006, 09:14 AM
Louise Posted 16 January 2007 Posted 16 January 2007 It's Mandaric or the high possibility of administration, where the shares will be worth bollocks all and we'll be relegated. It's not a difficult decision to make, especially given our board's already backing the revised bid. To be honest I think all the admin talk is bollocks put around to make us think we need MM to survive. We have players to sell (who aren't on high wages this time), and I can't imagine our debts wouldn't be solved by the sale of say Kisnorbo, Hume and Stearman and some creative restructuring ala Derby (if admin couldn't be held off by that, then I'd seriously wonder what our board has been up to). Now, that could put us into a dodgy position in the league with the risk of going down to League One because we've sold our better players (although I'm not sure selling those three would really put us at that much risk), but it wouldn't put us in admin. Obviously MM is preferable to that scenario (if he follows through on his promises), but I'm not convinced we even have debts bad enough that we could be threatened with admin again yet.
Manwell Pablo Posted 16 January 2007 Posted 16 January 2007 Fantastic read..... Sorry but i had to repost it... Chandler - Dec 1 2006, 09:14 AM It's a nice theory but as I said at the time, it's never going to happen.
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