Manwell Pablo Posted 9 October 2006 Posted 9 October 2006 He doesn't have bottomless pockets. He is reported as haven taken £20 million out of the sale of Portsmouth. It's also been suggested that he pretty much had to sell as he was near enough broke. So a reasonable guess is that after paying CGT/avoidance fees & other expenses, he's got around £17 million. LCFC would probably cost £5-6 million This leaves MM with £11-12 million. How much is he going to put in? Half? That'll be as a loan - so LCFC will now have £5million in the kitty and an extra £5million debt. £5million is nowhere near enough to guarantee promotion - it's way less than apparently Derby, Soton, Brum, West Brom, Sunderland have. So more money will be needed. Say another £5million borrowed from the banks. Now we're up to £10 million extra debt and still not really among the big spenders. I think you'll find the TV money is in the Prem. And we're in the championship. Is there any way of guaranteeing promotion? Otherwise it's a punt. Well, the 3 obvious ways of making a profit are, in order of feasibility: 1. Flog the club on to someone richer. No need to make it profitable there. 2. Strip the club of any remaining assets 3. Put the club on a footing that guarantees steady income streams. How many clubs has that worked for, again? And is there any difference between them and us, such as, say, being a global brand? I think you've grossley under estimated the mans wealth there, Portsmouth were sold for 38 million. Any way im not bothred if he does only put 5 million in TBH, it's still more than we have now.
Janx Posted 9 October 2006 Posted 9 October 2006 I think you've grossley under estimated the mans wealth there, Portsmouth were sold for 38 million. Any way im not bothred if he does only put 5 million in TBH, it's still more than we have now. AND whos is to say that he only has what he took away from Pompey??? Thats just what THAT particular deal made...
Fez of Mahrez Posted 9 October 2006 Posted 9 October 2006 Meelan Meelan Meelan! I have nothing further to add. Oh wait...I forgot. Meelan!
Manwell Pablo Posted 9 October 2006 Posted 9 October 2006 AND whos is to say that he only has what he took away from Pompey??? Thats just what THAT particular deal made... Well Swedging seems to think he is poor.....something I heavily doubt.
Surreal Madrid Posted 9 October 2006 Posted 9 October 2006 LCFC would probably cost £5-6 million This leaves MM with £11-12 million. How much is he going to put in? Half? That'll be as a loan - so LCFC will now have £5million in the kitty and an extra £5million debt. If he were to buy out the existing shareholders for what they paid, there would be no money in the kitty as that money would not go to the club. I would prefer to make my mind up when we have concrete proposals ( not that what I think will make any difference ), but I am not sure his pockets are as deep as some people may think.
lcfc_jme Posted 9 October 2006 Posted 9 October 2006 I guess the idea of leaving this thread to rot or die until we heard something a little more concrete and official went out the window then As long as our debt can come down pretty quickly so we can begin making money again, we have a bit of money to spend on players and we can compete at this level in order to challenge for promotion, I see no problem bringing Mandaric in. If he cannot assure or guarantee us we will be doing this, then don't let him come. Can't say fairer than that I shouldn't think.
Swedging Posted 9 October 2006 Posted 9 October 2006 Well Swedging seems to think he is poor.....something I heavily doubt. Well, the reports of what he took from Pompey have ranged from £20-£32million. Plus your £38million now, of course. I guess you takes your pick - I'd err to the cautious, myself. There have also been reports that he lost a lot of money in the US - particularly after 9/11. Whether it's £17 million or £35 million, I wouldn't say he's poor. It's just that I reckon he'll only put in a limited amount of loan capital - essentially what he knows he can get back from flogging off the remaining assets.
Swedging Posted 9 October 2006 Posted 9 October 2006 If he were to buy out the existing shareholders for what they paid, there would be no money in the kitty as that money would not go to the club. I would prefer to make my mind up when we have concrete proposals ( not that what I think will make any difference ), but I am not sure his pockets are as deep as some people may think. Exactly - I'm pretty sure any money in the kitty will come from taking on debt (to Mandaric or the banks).
Janx Posted 9 October 2006 Posted 9 October 2006 Well, the reports of what he took from Pompey have ranged from £20-£32million. Plus your £38million now, of course. I guess you takes your pick - I'd err to the cautious, myself. There have also been reports that he lost a lot of money in the US - particularly after 9/11. Whether it's £17 million or £35 million, I wouldn't say he's poor. It's just that I reckon he'll only put in a limited amount of loan capital - essentially what he knows he can get back from flogging off the remaining assets. I agree He will pay us what we need to pay off the shareholder... some est...5M? Then he will RESTRUCTURE THE DEBT.... and manage it efficiently as we have been doing.. then he will allow Rob (or hopefully his successor) a budget, but a budget None the less, to get us up. He wont wang 20M at us for players, but frankly he doesnt need to a decent manager with 5M on top of ourc current squad would get us up.... bish bash bosh, roberts your mothers brother, a Prem team for 10M... then he pays off the stadium once we have 2 seasons in the prem and badaboom he sells us for 38M.. Kerching...not a bad return for 3-5 years work.... Simplified I know, but its a simple plan
Manwell Pablo Posted 9 October 2006 Posted 9 October 2006 I agree He will pay us what we need to pay off the shareholder... some est...5M? Then he will RESTRUCTURE THE DEBT.... and manage it efficiently as we have been doing.. then he will allow Rob (or hopefully his successor) a budget, but a budget None the less, to get us up. He wont wang 20M at us for players, but frankly he doesnt need to a decent manager with 5M on top of ourc current squad would get us up.... bish bash bosh, roberts your mothers brother, a Prem team for 10M... then he pays off the stadium once we have 2 seasons in the prem and badaboom he sells us for 38M.. Kerching...not a bad return for 3-5 years work.... Simplified I know, but its a simple plan I think 3M would be plenty. If he restructures the stadium debt so we are paying less interest we would be able to generate our own Transfere budget.
lcfc_jme Posted 9 October 2006 Posted 9 October 2006 I think 3M would be plenty. If he restructures the stadium debt so we are paying less interest we would be able to generate our own Transfere budget. I think that, along with the fact that he may be able to give us financial stability and allow us to compete enough to give us a better chance at returning to the Prem is why so many fans are optimistic and hopeful that he'll come in and takeover us.
Surreal Madrid Posted 9 October 2006 Posted 9 October 2006 I think 3M would be plenty. If he restructures the stadium debt so we are paying less interest we would be able to generate our own Transfere budget. Nice idea, but why would Teacher's agree to restructure their deal, unless you are talking of paying them off and borrowing the money elsewhere. I can't see MM paying the stadium debt off himself.
Manwell Pablo Posted 9 October 2006 Posted 9 October 2006 Nice idea, but why would Teacher's agree to restructure their deal, unless you are talking of paying them off and borrowing the money elsewhere. I can't see MM paying the stadium debt off himself. Part of it perhaps, lower the interest we're paying. As I’m sure your aware the annual interest on 17 million is horrific. Plus if they (teachers) are paid off part of the 17 mil sum, they may be more open to restructuring the remaining amount owed.
The People's Hero Posted 9 October 2006 Posted 9 October 2006 They would probably be open to re-negotiating it, should we be bought by Mandaric. Whether or not we'd be able to get them to agree to revised terms, I'm not sure.. but I'm sure they'd re-negotiate.
Louise Posted 9 October 2006 Posted 9 October 2006 On the fan relations point of view with MM: Mandaric was great for us - Pompey fans chief The Blue Army could be in for a real treat if Milan Mandaric buys Leicester City. That is the view of Pompey fans chief Nigel Tresidder, who gave Mandaric a ringing endorsement. The business tycoon, who has recently stepped down as Portsmouth chairman, has said that City would be "on my radar" if he returned to British football. And Tresidder, chairman of the Pompey Central Branch Supporters Club, said of Mandaric's time at the club: "He was an absolutely outstanding guy. He was so friendly." Tresidder runs a pub near the ground and he said: "He has been to my pub four or five times for meetings and put his hand in his pocket and given me money to buy drinks for the fans. He is a great guy. "He was more like a friend than a chairman, and I would say he was the best chairman anywhere in the country." Tresidder added: "I would think that 99 per cent of the supporters feel the same way as I do about him." That affection was shown at games with Tresidder saying: "The fans used to sing his name.'' But it was not only his friendly nature that made him such a hit with Pompey fans. Tresidder said: "He took us from receivership into the Premiership and left us riding high." Tresidder thought that most fans did not want Mandaric to leave Fratton Park. But, such was his popularity there, Tresidder thought they would accept Mandaric taking over at another club if he wanted the fresh challenge of lifting them into the Premiership. The possibility of a move to the Walkers Stadium opened up after Mandaric transferred full ownership of Portsmouth to French-Russian businessman, Alexandre Gaydamak 13 days ago, about seven-and-a-half years after he took over at the club. The Blue Army must hope that, if Mandaric does make a move for City, he can enjoy similar success here. http://www.thebluearmy.co.uk/details.asp?k...102006367429931 First Radio Leicester and now the Merc seem to be going for this in a big way...
Manwell Pablo Posted 9 October 2006 Posted 9 October 2006 On the fan relations point of view with MM: First Radio Leicester and now the Merc seem to be going for this in a big way... They want to get themselves over to the Nice forums. They aren't being very nice to him at all, all though reading some other topics they do seem to have a massive chip on their shoulder.
Strokes Posted 9 October 2006 Posted 9 October 2006 They want to get themselves over to the Nice forums. They aren't being very nice to him at all, all though reading some other topics they do seem to have a massive chip on their shoulder. I'm not sure how being disliked by the French is a bad thing.
Jon the Hat Posted 9 October 2006 Posted 9 October 2006 They want to get themselves over to the Nice forums. They aren't being very nice to him at all, all though reading some other topics they do seem to have a massive chip on their shoulder. A frenchman with a chip on his shoulder? I don't believe it.
Manwell Pablo Posted 9 October 2006 Posted 9 October 2006 I'm not sure how being disliked by the French is a bad thing. A frenchman with a chip on his shoulder? I don't believe it. Perhaps they weren't the best people to ask, they all seem very agitated. Mind you, Nice are bottom of the league and Bakari Kone has just stated he wants a move to England, Marco Matterazi has announced he's writing a book and then there is the Scotland farce on Saturday. It's not very surprising they're a bit Caramboed off.
Fez of Mahrez Posted 9 October 2006 Posted 9 October 2006 Their name is a bit of a misnomer. Maybe they should change it to Easily Aggravated FC.
Master Fox Posted 9 October 2006 Posted 9 October 2006 Their name is a bit of a misnomer. Maybe they should change it to Easily Aggravated FC. They could also be mistaken for a lovely sweet tasting sugary biscuit
Foxes_Trust Posted 9 October 2006 Posted 9 October 2006 Well, the reports of what he took from Pompey have ranged from £20-£32million. Plus your £38million now, of course. I guess you takes your pick - I'd err to the cautious, myself. There have also been reports that he lost a lot of money in the US - particularly after 9/11. Whether it's £17 million or £35 million, I wouldn't say he's poor. It's just that I reckon he'll only put in a limited amount of loan capital - essentially what he knows he can get back from flogging off the remaining assets. It was £20m
Foxes_Trust Posted 9 October 2006 Posted 9 October 2006 They would probably be open to re-negotiating it, should we be bought by Mandaric. Whether or not we'd be able to get them to agree to revised terms, I'm not sure.. but I'm sure they'd re-negotiate. They were very inflexible when the Tigers ground share deal was being discussed
l444ry Posted 9 October 2006 Posted 9 October 2006 It was £20m BBC Sport reported that he has sold the remaining shares for around £32m. It is reasonable to assume therefore that he received something for the previous shares he disposed of.
Katy Posted 10 October 2006 Posted 10 October 2006 Ahhh we are going to have the piss taken out of us yet again when nowt comes of this.
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