Milan Mandaric has targeted leicester!

[davieG]

He calls it as he sees it. There's no rule that says EVERYONE should kiss Mandy's ass!

No ones saying we should kiss Mandy's ass I just feel that Chandler could show more respect of people when putting his views across, controversy is the life blood of forums - rudeness, and there's no excuse for it if left unchallenged will cause the death of them.

[Daggers]

So when's Leicester United's first training session down Vicky Park?

Sod that, where's my crystal meth? It's here somewhere I put it down over there and popped out. I passed Ultra leaving the thread as I came back in and it's gone. Someone has got to help me, I am getting desperate.

[Louise]

Then of course you might just be right and he really wants to buy us to turn us into a giant Serbian theme park.

What sort of rides would there be in a Serbian theme park?

[FNQ]

At what stage do we think Mandy will want to add another tier to the East Stand?

[Michael Doyle]

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).

Chandler has the right to give his views and so do I.

Chandlers right to say buying a football club is like buying a business. The way MM is looking at it as a business man I would assume is that he buys it for say 25Mill gets into the premiership and there's will be 60 Mill in TV rights etc coming into the club.....good business I say even at 51%. (that's not counting other revenues)

Chandlers wrong in my view in regards the current shareholders selling out for a maximum gain. Why would they? Aren't these the people that saved the club because they didn't want to see it go down the tube in a time of crises. I for one don't begrudge them making some hard earnt on their speculation/investment that kept our great club alive and allows a great deal of people to be excited at this next stage in the clubs recovery. By the way thanks to the current shareholders for saving the club and that includes you Chandler if your one of them which I doubt!.

Anyway Chandler I think I have kept it polite and wish you all the best and envy you for having the opportunity to go to every home and away game as a true supporter. I do hope you take that privilege up each week and give the boys the support they deserve and that you don't just heckle from cyberspace.

COME ON YOU MIGHTY FOXES

Mad(but happy)Mick

[gilesyboy]

erm......anyone?

http://www.forfoxsake.com/latest/mandaric-...e-rejected.html

[placidcasual]

Don't get too excited yet.

Bid rebuffed

Milan Mandaric's initial takeover offer for Leicester City "does not have a hope in hell" of succeeding, according to an influential shareholder at the club. The former Portsmouth chairman yesterday tabled what he described as a "fair and generous offer" after weeks of speculation linking him with a move for Leicester, but sources close to the deal insist the bid is significantly less than the £6.6m invested to rescue the Championship club from collapse four years ago.

[Chrysalis]

foxestrust testing time for you.

can you draw out the identity of this individual who has his own interest above the club, clearly they only care about staying in control and not happy getting partial money back on their shares.

[Mort]

This is the kind of thing that makes me very, very angry... still it's a rumour and when the likes of St. Gary have already said they'll back the bid and the way the mockuary is reporting it, sounds like the source is at best isolated within the club... I cant see how, with the support from senior members of the club and fans how the offer could be rebuffed... and if anyone knows who the bastard is...

[Fleckney Fox]

what a disgrace - the fans are in full backing of this and i will be the first one to go to the club personally and have a real "go" at this board member. This is a chance for us to go back on the map and wins things again.

[C-man]

This is the kind of thing that makes me very, very angry... still it's a rumour and when the likes of St. Gary have already said they'll back the bid and the way the mockuary is reporting it, sounds like the source is at best isolated within the club... I cant see how, with the support from senior members of the club and fans how the offer could be rebuffed... and if anyone knows who the bastard is...

It's Ultra

[Bluefoxtim]

FFS.

If this is true that shareholder should be shot.

Thinking about himself rather than the rest of the city! Tw*t

[Jon the Hat]

And don't pay attention to Mandy's views on RK, as they'll probably have changed by next week anyway!

He really is just one of us!!!

[Jon the Hat]

Don't get too excited yet.

Bid rebuffed

Just playing the game.. You don't accept the first bid in any negotiation, and besides they want to see who else comes in.

Fair point about the press statements not helping his bid, but I think he knows what he is doing. Personally if I were on the board and not interested in personal gain I would bring the Foxestrust into the decision making process for full visibility to ensure the fans view is heard.

[Swedging]

This is the kind of thing that makes me very, very angry... still it's a rumour and when the likes of St. Gary have already said they'll back the bid and the way the mockuary is reporting it, sounds like the source is at best isolated within the club... I cant see how, with the support from senior members of the club and fans how the offer could be rebuffed... and if anyone knows who the bastard is...

Keen to hear it, I thought he said. Maybe not so keen when it actually turned up - and of course that source in the Grauniad could be Sir Gary...

[teblin]

You never know they may have a better bid!

But its rumours lets not worry too much, you couldn't have thought it would be smooth its city after all

We have to do it the hard way.

[Thracian]

If the story is true I can well understand it.

As I expected the suggestion there is that the stadium would not be paid for as such, MM would simply take reponsibility for the mortgage payments and, the lack of guarantees would be a major stumbling block. Personally I would want cast iron guarantees in various directions.

Why is it fans are so eager to hand their club over to a stranger? The only reason MM or anyone else wants to get their hands on our club is because it is so valuable and potentially more valuable. These people aren't benefactors and they don't invest to earn peanuts.

They invest to earn big bucks. It makes it no easier that people like Gary Lineker seem so "in favour".

As I've mentioned before, it might not be spectacular, but we are building nice and steadily on rocks. I have no desire to abandon those foundations for a swanky promise and new foundations that might be on sand.

I've wasn't seduced by the prospect in the first place and I'm no nearer being seduced after reading this.

Mandaric doesn't love Leicester and never will. He seems only to love money, the challenge, and himself.

He's an "I want, I want" sort. And ruthless with it.

I wish he'd go and build his own club - and learn what it means to be a real football supporter.

[Dr The Singh]

If the story is true I can well understand it.

As I expected the suggestion there is that the stadium would not be paid for as such, MM would simply take reponsibility for the mortgage payments and, the lack of guarantees would be a major stumbling block. Personally I would want cast iron guarantees in various directions.

Why is it fans are so eager to hand their club over to a stranger? The only reason MM or anyone else wants to get their hands on our club is because it is so valuable and pitentially more valuable. These people aren't benefactors and they don't invest to earn peanuts.

They invest to earn big bucks. It makes it no easier that people like Gary Lineker seem so "in favour".

As I've mentioned before, it might not be spectacular, but we are building nice and steadily on rocks. I have no desire to abandon those foundations for a swanky promise and new foundations that might be on sand.

I've wasn't seduced by the prospect in the first place and I'm no nearer being seduced after reading this.

Mandaric doesn't love Leicester and never will. He seems only to love money, the challenge, and himself.

Let's just wait and see!!!

If the rumour is correct, then fair enough, I can see the board turning it down......the best interest of the club must be first and foremost!!

[sackmycook]

i knew this was too good to be true for us.

the board dont want to invest any money and are blocking other people trying to come in.

the club is full of coonts, when i have kids i'll make sure they are born in milan or munich or madrid, so they dont have to face the disappointment of being a city fan.

[Katy]

Chandler has the right to give his views and so do I.

Chandlers right to say buying a football club is like buying a business. The way MM is looking at it as a business man I would assume is that he buys it for say 25Mill gets into the premiership and there's will be 60 Mill in TV rights etc coming into the club.....good business I say even at 51%. (that's not counting other revenues)

Chandlers wrong in my view in regards the current shareholders selling out for a maximum gain. Why would they? Aren't these the people that saved the club because they didn't want to see it go down the tube in a time of crises. I for one don't begrudge them making some hard earnt on their speculation/investment that kept our great club alive and allows a great deal of people to be excited at this next stage in the clubs recovery. By the way thanks to the current shareholders for saving the club and that includes you Chandler if your one of them which I doubt!.

Anyway Chandler I think I have kept it polite and wish you all the best and envy you for having the opportunity to go to every home and away game as a true supporter. I do hope you take that privilege up each week and give the boys the support they deserve and that you don't just heckle from cyberspace.

COME ON YOU MIGHTY FOXES

Mad(but happy)Mick

Of course he does Mick, as does everyone BUT there is no need for him to come on here ever 5 years to abuse people in that charming way he does. That is what people take umbridge at.

[Louise]

Merge with main thread?

Anyway, as I expected the offer looks to be a small one, hopefully it's just an initial one and open to negotiations. I agree with the shareholder's statement about him just seeming to stir up trouble with the fans, it'd be alright him saying those things if he was making a suitable bid but as he's not it just stinks of trying to cause unrest.

[Babylon]

I'm sorry but some people reactions to this news of a possible rebuff is ridiculous. How can you slag the board off when we don't know what he actually did offer?

People saying Lineker was in favour so why isn't the board. Lets look at what he actually said shall we "we'd be in favour of Mandaric, if the offer is right".... HELLO!!!! "IF THE OFFER IS RIGHT".

Mandaric is getting the fans on board, and he has done looking at what has been written on these boards. Which is amazing considering the other bids could be twice as good for all we know.

[Janx]

Blimey... everyone just take a pill!!!!!!!!!!!

Does anyone remember that sketch on the fast show, it involved 3 or 4 blokes in a pub, the central character "dave" for example played by Paul Whitehouse....

BLOKE 1"you going on holida this year dave?"

BLOKE 2"yeah ...tenerife!"

BLOKE 1"tenerife? its crap there"

BLOKE 2"yeah you're right, it is crap"

BLOKE 1 "you wanna go to Lanzarote"

BlOKE 2 "yeah its great there innit"

BLOKE 3 "lanzarote? its shoite"

BLOKE 2 "yeah it is innit"

etc

just a quick scenario.

[Dr The Singh]

Blimey... everyone just take a pill!!!!!!!!!!!

Does anyone remember that sketch on the fast show, it involved 3 or 4 blokes in a pub, the central character "dave" for example played by Paul Whitehouse....

BLOKE 1"you going on holida this year dave?"

BLOKE 2"yeah ...tenerife!"

BLOKE 1"tenerife? its crap there"

BLOKE 2"yeah you're right, it is crap"

BLOKE 1 "you wanna go to Lanzarote"

BlOKE 2 "yeah its great there innit"

BLOKE 3 "lanzarote? its shoite"

BLOKE 2 "yeah it is innit"

etc

just a quick scenario.

No!!!

[Master Fox]

The Guardian is this morning reporting that Milan Mandaric's initial bid to take over at Leicester City will end in failure.

The newspaper is quoting an un-named Leicester shareholder as saying the bid "does not have a hope in hell" of succeeding. It's thought Mandaric's offer will leave shareholders with less than they invested in the club, and there are also concerns regarding guarantees about the club's long term future.

Whether the story is true or not remains to be seen - but with others also interested in taking over or investing in the club it seems the current shareholders are in a strong position, and don't need to accept the first bid if it's not right for themselves and the club.

is this morning reporting that Milan Mandaric's initial bid to take over at Leicester City will end in failure.

Mandaric Leicester bid rebuffed by shareholders

Stuart James

Thursday November 2, 2006

The Guardian

Milan Mandaric's initial takeover offer for Leicester City "does not have a hope in hell" of succeeding, according to an influential shareholder at the club. The former Portsmouth chairman yesterday tabled what he described as a "fair and generous offer" after weeks of speculation linking him with a move for Leicester, but sources close to the deal insist the bid is significantly less than the £6.6m invested to rescue the Championship club from collapse four years ago.

Article continues

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

There is also concern that Mandaric's proposal does not contain guarantees about the long-term future of the club, including the possibility of purchasing the Walkers Stadium - owned by an American loan company and valued at around £15m. Mandaric would not be drawn on his bid's breakdown, referring to the issue as "sensitive" and subject to "confidentiality" agreements. "If they don't [accept it] that's their prerogative," he said.

Sources close to the Serbian, however, insist the offer submitted would not leave the shareholders, whose funding enabled the club to stabilise financially after coming out of administration in 2002, shortchanged in any way. It is also claimed that Mandaric would assume responsibility for the loan repayments on the stadium. He could, however, face competition from other parties, with Leicester indicating last night that his offer is "one of a number of options available". It is understood that there is also interest from the United States and a Midlands-based consortium. A club statement assured supporters that a decision will be made as "soon as practically possible," although Mandaric will almost certainly need to return to negotiations if he is to succeed. The 68-year-old's discussions with the board have been far from straightforward and his decision to follow up his bid with a public statement, indicating his desire to "re-awaken Leicester City" and "bring back Premiership football" has upset some shareholders.

"Mandaric has not been too clever," said one. "He's got to convince 47 individual shareholders that he's the right man to take over the club. The best way to do that is to make a sensible offer with some assurances about what he wants to do and not go making what looks like direct appeals to the crowd to stir up trouble. None of the shareholders came in to it looking to make money or are looking to make money getting out of it."

The FA will contact the Stoke City captain Michael Duberry over his allegation that the Leicester City defender Danny Tiatto racially abused the on-loan midfielder Salif Diao. Duberry claimed Tiatto made the comments to Diao during Tuesday's match at the Walkers Stadium. "He should have been sent off for the comment," said Duberry. "It wasn't a black or white remark, there was no mention of colour, but it's still racism."

LINK