Ric Flair Posted 1 November 2006 Posted 1 November 2006 Or maybe not. There has been talk that a potential buyer other than MM has accountants at Filbert Way now doing due diligence. That's not to say that MM hasn't already done his due diligence, or is indeed doing it now, or is shortly to start. I wouldn't rule out a local takeover. I'd be very surprised if a local takeover had the financial power that Milan has. And if the club are going to the 'local' route because they are worried about Mandaric's intentions then they should re-consider. If the local takeover is by who I think it is then i'd be very worried by their intentions also.
sackmycook Posted 1 November 2006 Posted 1 November 2006 forget local tossers, where have they been all this time? i wanna see some foreigner with money who will bring in plenty of foreign players.
Surreal Madrid Posted 1 November 2006 Posted 1 November 2006 i wanna see some foreigner with money who will bring in plenty of foreign players. Any in your thoughts at the moment?
Manwell Pablo Posted 1 November 2006 Posted 1 November 2006 Any in your thoughts at the moment? There are plenty in my mind I just don't wish to sound like a broken record.
Leicester Lass Posted 1 November 2006 Posted 1 November 2006 I'm ecstatic about the news, I was jumping all around our 6th form common room when I found out Come on board, get one decision right!!!
MC Prussian Posted 1 November 2006 Posted 1 November 2006 leicester are back leicester are back Where have they been?
lcfc_jme Posted 1 November 2006 Posted 1 November 2006 Where have they been? Hibernating waiting for the right moment to awaken from their mighty slumber I feel that time is now upon us
Jon the Hat Posted 1 November 2006 Posted 1 November 2006 I'd be very surprised if a local takeover had the financial power that Milan has. And if the club are going to the 'local' route because they are worried about Mandaric's intentions then they should re-consider. If the local takeover is by who I think it is then i'd be very worried by their intentions also. If we are talking about a local sports club who might fancy the shiny big stadium down the road then I would also be worried. Also if it was a property company which wouldn't surprise me. Lots of value in the training ground perhaps? <_<
teblin Posted 1 November 2006 Posted 1 November 2006 just said on ssn that we are a plc, the wrong isn't it?
Louise Posted 1 November 2006 Posted 1 November 2006 The Merc is going to have a big interview with Milan tomorrow apparently. (hopefully it'll be on the website)
Ricey Posted 1 November 2006 Posted 1 November 2006 The Merc is going to have a big interview with Milan tomorrow apparently. (hopefully it'll be on the website) They've spelt Mandaric wrong all the way through that article
Fez of Mahrez Posted 1 November 2006 Posted 1 November 2006 The Merc is going to have a big interview with Milan tomorrow apparently. (hopefully it'll be on the website) Be interesting to read his thoughts on Kelly.
Chimp Posted 1 November 2006 Posted 1 November 2006 They've spelt Mandaric wrong all the way through that article
Louise Posted 1 November 2006 Posted 1 November 2006 They've spelt Mandaric wrong all the way through that article Can't have everything. They haven't called him Uncle either.
Chandler Posted 1 November 2006 Posted 1 November 2006 Sorry folks but I've sat back far too long listening to the ignorant piffle that passes for comment on the Milan Mandaric takeover bid. Buying a footbal club is pretty much the same as buying any other business. You make a valuation and then you make an offer to the owners. An outright bid for a plc is comparatively rare, bidders are normally content to purchase a majority of the shares. MM's bid of £25m seems to me to be a very full price for a 51% stake of New Fox plc. This probably accounts for the confusion in the stories circulating about the bid which run something like this - £6m for the shares, £15m to clear the debt and the rest to spend on players. This kind of nonsense can only come from financially illiterate people. The shareholders who wish to sell-out to MM have only one real thought in their minds - to get the maximum price for their shares.The club's indebtedness and its need for working capital is undoubtedly an issue for MM and affects the valuation he places on the clubs shares but it will will no longer be an issue for the exisitng shareholders once they have transferred their equity. So lets get one thing straight UNLESS there is a clear (and unlikely) statement for the directors that MM's reported bid of £25m represents in part an agreement in principal between the parties that any offer must include provisions for debt clearance you can take it from me that LCFC's debt and capital requirements will be the same on the day MM takes over as they are now (a great deal higher than has been reported). As this is rather a lot for SOME of you to take in I'll leave it at that for the moment. It might just prevent one or two small minded mods who are just itching to ban me wait until I explain what Milan Mandaric's true motives are. All I'll say for now is that they have nothing to do with football (surprise, surprise).
Katy Posted 1 November 2006 Posted 1 November 2006 Sorry folks but I've sat back far too long listening to the ignorant piffle that passes for comment on the Milan Mandaric takeover bid. Buying a footbal club is pretty much the same as buying any other business. You make a valuation and then you make an offer to the owners. An outright bid for a plc is comparatively rare, bidders are normally content to purchase a majority of the shares. MM's bid of £25m seems to me to be a very full price for a 51% stake of New Fox plc. This probably accounts for the confusion in the stories circulating about the bid which run something like this - £6m for the shares, £15m to clear the debt and the rest to spend on players. This kind of nonsense can only come from financially illiterate people. The shareholders who wish to sell-out to MM have only one real thought in their minds - to get the maximum price for their shares.The club's indebtedness and its need for working capital is undoubtedly an issue for MM and affects the valuation he places on the clubs shares but it will will no longer be an issue for the exisitng shareholders once they have transferred their equity. So lets get one thing straight UNLESS there is a clear (and unlikely) statement for the directors that MM's reported bid of £25m represents in part an agreement in principal between the parties that any offer must include provisions for debt clearance you can take it from me that LCFC's debt and capital requirements will be the same on the day MM takes over as they are now (a great deal higher than has been reported). As this is rather a lot for SOME of you to take in I'll leav it at that for the moment. It might just prevent one or two small minded mods who are just itching to ban me wait until I explain what Milan Mandaric's true motives are. All I'll say for now is that they have nothing to do with football (surprise, surprise). I wondered when you would crawl out from under your stone.
gatesheadfox Posted 1 November 2006 Posted 1 November 2006 Sorry folks but I've sat back far too long listening to the ignorant piffle that passes for comment on the Milan Mandaric takeover bid. Buying a footbal club is pretty much the same as buying any other business. You make a valuation and then you make an offer to the owners. An outright bid for a plc is comparatively rare, bidders are normally content to purchase a majority of the shares. MM's bid of £25m seems to me to be a very full price for a 51% stake of New Fox plc. This probably accounts for the confusion in the stories circulating about the bid which run something like this - £6m for the shares, £15m to clear the debt and the rest to spend on players. This kind of nonsense can only come from financially illiterate people. The shareholders who wish to sell-out to MM have only one real thought in their minds - to get the maximum price for their shares.The club's indebtedness and its need for working capital is undoubtedly an issue for MM and affects the valuation he places on the clubs shares but it will will no longer be an issue for the exisitng shareholders once they have transferred their equity. So lets get one thing straight UNLESS there is a clear (and unlikely) statement for the directors that MM's reported bid of £25m represents in part an agreement in principal between the parties that any offer must include provisions for debt clearance you can take it from me that LCFC's debt and capital requirements will be the same on the day MM takes over as they are now (a great deal higher than has been reported). As this is rather a lot for SOME of you to take in I'll leave it at that for the moment. It might just prevent one or two small minded mods who are just itching to ban me wait until I explain what Milan Mandaric's true motives are. All I'll say for now is that they have nothing to do with football (surprise, surprise). you are a patronising tosser aren't you sir? what are his motives then? he likes our pies?
Lets Be having You Posted 1 November 2006 Posted 1 November 2006 Milan on talk Sport,just said if deal goes ahead,should go through on 10th November,and full CONTROL 15th December. lets hope and pray it goes Through
Sods Posted 1 November 2006 Posted 1 November 2006 Im hoping and praying, 10th of december hey, whats the nearest game
Mort Posted 1 November 2006 Posted 1 November 2006 Im hoping and praying, 10th of december hey, whats the nearest game Sounds like Milan is the only serious offer... all the talk of other offers sounds pretty half baked, perhaps there is an american group and perhaps the tigers do want to get their dirty mits on the club but Milan is the only serious offer in prospect and we've know that all along.
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