Surreal Madrid Posted 2 November 2006 Posted 2 November 2006 At the end of the day, Mandy has conducted most of his negotiations through the press, to get the supporters on his side, even though they have no idea of what he is offering. If I were a board member or a shareholder I would be a little miffed about this, as it is a tactic to try to get the club on the cheap. Reading between the lines, however, the real reason for their unhappiness may be the fact that he will effectively saddle the club with more debt than it has now. I still remain to be convinced as to how much " free " cash he has availlable from the sale of Portsmouth, and I fear that a lot of whatever his bid is is backed up by loans. Just my take on things, could be completely wrong.
Chimp Posted 2 November 2006 Posted 2 November 2006 It could all simply be gamesmanship... [..] That's may be true, but, it may also be true that MM is just trying his luck and has put in a woefully inadequate bid to see if anyone bites. If that is the case then this shareholder who is protesting would surely be vindicated in making those statements. ...however it should not be forgotten than unlike ManU or Villa we're not in a position to play hard ball or potentially piss off an investor as such groups have hardly been beating the door down, and without investment the club will be going nowhere fast and such investment would be set back years if we managed to scare off folks like Milan now by trying to punch above our weight. We may not have the financial clout of these clubs but at the same time we shouldn't undervalue ourselves. We made an operating profit last year and have a good stadium, good support and a promising youth set-up. In many ways we are an attractive investement. Sure, we have debts, but these are fully under control now. We mustn't sell ourselves short. If the board (and/or shareholders) refuse to accept MM's bid then I'm confident they would have done it for the right reasons.
Master Fox Posted 2 November 2006 Posted 2 November 2006 I never said you personally... it was meant for those who have. That said your posts didn't exactly come across as though you were thrilled. The article says they won't even get back what they put in. It doesn't say they want to make money. I would understandably be quite upset if any takeover to move the club forward isn’t agreed with the shareholders. We're talking about people who probably chipped in no more than a copule of grand. And probably used their credit card to do so.
Ric Flair Posted 2 November 2006 Posted 2 November 2006 I would imagine that the club anticipated that we had reached this point in our progress out of admin and back into the real world of finance and that is why they appointed Andrew Taylor as a paid Chairman. We are now in a position where we probably have regained some credit rating, are debt free, not withstanding our rental of the stadium and therefore have been primed by the current board for a takeover. The board, and I've been a big critic may well have got items of detail, such as ticketing and the refreshment franchise wrong but they were hardly in a position to be choosy. It seems to me, and this is conjecture but no different to all the other stuff flying around that they have done a good job so far in making us attractive to potential bidders so let's give them the benefit of doubt on this and not jump to conclusions. I'm unaware of any takeover bid where the first offer was accepted even by businesses going down the pan which we're not, I believe we're in a strong position from which to put in some hard nosed negotiating, cue Andrew Taylor for a better deal no matter who it's from. That's true, but the nature of that article worries me. It may well be that the board reject the bid but the talk about Mandaric upsetting the shareholders, etc is a concern. I generally think the current shareholders and board are hoping for investment rather than a complete takeover, which is out of order. Fair enough they took this club over when we were down and out and have done a decent job, but they've also made some really amatuerish mistakes and it's time they stepped aside and let a real footballing businessman take over. If this club balls this up and we end up with the current board still in charge, with hardly any money, etc then I don't know whether i'll be able to watch us any longer. It will anger me too much and i'd end up getting banned anyway.
Master Fox Posted 2 November 2006 Posted 2 November 2006 That's true, but the nature of that article worries me. It may well be that the board reject the bid but the talk about Mandaric upsetting the shareholders, etc is a concern. I generally think the current shareholders and board are hoping for investment rather than a complete takeover, which is out of order. Fair enough they took this club over when we were down and out and have done a decent job, but they've also made some really amatuerish mistakes and it's time they stepped aside and let a real footballing businessman take over. If this club balls this up and we end up with the current board still in charge, with hardly any money, etc then I don't know whether i'll be able to watch us any longer. It will anger me too much and i'd end up getting banned anyway. That's exactly how I feel
Dr The Singh Posted 2 November 2006 Posted 2 November 2006 That's true, but the nature of that article worries me. It may well be that the board reject the bid but the talk about Mandaric upsetting the shareholders, etc is a concern. I generally think the current shareholders and board are hoping for investment rather than a complete takeover, which is out of order. Fair enough they took this club over when we were down and out and have done a decent job, but they've also made some really amatuerish mistakes and it's time they stepped aside and let a real footballing businessman take over. If this club balls this up and we end up with the current board still in charge, with hardly any money, etc then I don't know whether i'll be able to watch us any longer. It will anger me too much and i'd end up getting banned anyway. I don't think the board will be able to get away with the take over failing, they will be linched!!! Majority of fans are expecting a take over and see a brighter future, for which the current board cannot offer!!!
davieG Posted 2 November 2006 Author Posted 2 November 2006 That's true, but the nature of that article worries me. It may well be that the board reject the bid but the talk about Mandaric upsetting the shareholders, etc is a concern. I generally think the current shareholders and board are hoping for investment rather than a complete takeover, which is out of order. Fair enough they took this club over when we were down and out and have done a decent job, but they've also made some really amatuerish mistakes and it's time they stepped aside and let a real footballing businessman take over. If this club balls this up and we end up with the current board still in charge, with hardly any money, etc then I don't know whether i'll be able to watch us any longer. It will anger me too much and i'd end up getting banned anyway. But if that investment was £30mill, might it not be better, I'm no fan of the board but we can hardly blame AT for the previous mistakes most of which, in business tems have been about details. They've also been operating a multimillion pound business with zero credit rating which has meant they can't get loans, speculate, take risks or spend what they haven't got in the bank without one of them guaranteeing the spend. I'd rather believe that having put money in to save the club they still have it's best interests at heart, all this talk of them wanting to profit from it is pure conjecture - they will want the best deal for everyone.
Fez of Mahrez Posted 2 November 2006 Posted 2 November 2006 The question is, will getting the fans onside help him? There was no reaction at the Stoke game.
Surreal Madrid Posted 2 November 2006 Posted 2 November 2006 We're talking about people who probably chipped in no more than a copule of grand. And probably used their credit card to do so. The smallest investment was £25,000 - don't know what your credit card is like, but mine couldn't handle that! As at October 2005 the average investment per shareholder was £127,697 - again out of the reach of my credit card!
Daggers Posted 2 November 2006 Posted 2 November 2006 The question is, will getting the fans onside help him? There was no reaction at the Stoke game. If he'd come on the pitch and punched the ref, he'd have been made King of Leicester...but then Duberry might have accused him of calling Salif a flipper wearing deep sea snorkeler.
Daggers Posted 2 November 2006 Posted 2 November 2006 How did Ultra get on the board? ...because he's a flipper wearing deep sea snorkeler.
The People's Hero Posted 2 November 2006 Posted 2 November 2006 ...because he's a flipper wearing deep sea snorkeler. I know it. Let's rip his flippers of and expose him for the anti-progressionist he is!
ithuriel Posted 2 November 2006 Posted 2 November 2006 That's true, but the nature of that article worries me. It may well be that the board reject the bid but the talk about Mandaric upsetting the shareholders, etc is a concern. I generally think the current shareholders and board are hoping for investment rather than a complete takeover, which is out of order. Fair enough they took this club over when we were down and out and have done a decent job, but they've also made some really amatuerish mistakes and it's time they stepped aside and let a real footballing businessman take over. If this club balls this up and we end up with the current board still in charge, with hardly any money, etc then I don't know whether i'll be able to watch us any longer. It will anger me too much and i'd end up getting banned anyway. you wont be the only one , they make a mess of this and i will walk away from the club. theres only so much shiit i can take.
Daggers Posted 2 November 2006 Posted 2 November 2006 you wont be the only one , they make a mess of this and i will walk away from the club. theres only so much shiit i can take. Leicester till I get really pissed off, eh?
Ric Flair Posted 2 November 2006 Posted 2 November 2006 The question is, will getting the fans onside help him? There was no reaction at the Stoke game. Fezzler, I guarantee that a week on saturday if the deal has broken down or on the verge of breaking down then the fans will go wild.
Surreal Madrid Posted 2 November 2006 Posted 2 November 2006 you wont be the only one , they make a mess of this and i will walk away from the club. theres only so much shiit i can take. So we take any offer, even if it lands us with more debt than we have now? No sane person can make a decision one way or another until we know what Mandy's proposals actually are.
DanTheFoxBhoy Posted 2 November 2006 Posted 2 November 2006 you wont be the only one , they make a mess of this and i will walk away from the club. theres only so much shiit i can take. I certainly hope they realise what's at stake. There were a couple of a really positive responses and now this ****smudge. I hope they tell him to pull his head in. Hats off to them for keeping up afloat, but we'd like to get ashore sooner rather than later, and refusing a helmsman's rope because of your own pride is a sure way to stay adrift.
Surreal Madrid Posted 2 November 2006 Posted 2 November 2006 Fezzler, I guarantee that a week on saturday if the deal has broken down or on the verge of breaking down then the fans will go wild. Even if the deal was for tuppence? No one knows what the bid is, this is the start of a long process methinks - MM was hardly going to make his first offer his final offer. If the bid is not good enough to guarantee the long term stability of the club, the board are quite right to question it. This is not helped by MM ( who started it ) and now a shareholder shouting the odds through their favoured press outlets.
Babylon Posted 2 November 2006 Posted 2 November 2006 you wont be the only one , they make a mess of this and i will walk away from the club. theres only so much shiit i can take. Screw what up? None of us know the details of the bid, for all you know they could be saving us from extra debt.
Daggers Posted 2 November 2006 Posted 2 November 2006 Screw what up? None of us know the details of the bid, for all you know they could be saving us from extra debt. But isn't outlandish debt simply this decades savings?
The People's Hero Posted 2 November 2006 Posted 2 November 2006 Those people bemoaning the fact that it might be a 'low' offer are missing the point. LCFC don't get the money he uses to buy the club, that will go to existing shareholders. The key thing from the point of view of the good of the club and the fans is the amount which MM would invest once he had ownership of the club. There are obviously a few other factors which work against this ie you might 'value' something more if you've paid more for it. At the end of the day though, the more someone has to pay for the club, the less attractive investment the club is and the less money which will be invested in securing the long term future of the club in terms of sorting out the debt situation or in terms of investing in new playing staff etc.
Babylon Posted 2 November 2006 Posted 2 November 2006 Fezzler, I guarantee that a week on saturday if the deal has broken down or on the verge of breaking down then the fans will go wild. Idiotic if people do. As PFKAKTF FOX said on talking balls. "What us supporters must do is stay out of this and in no way try and influence the boards decision, we are not in possession of all the details or opportunities open and available to the shareholders and we therefore cannot allow ourselves to be carried away on a wave of emotion fuelled by media quotations of returns to the 'big time' or 'where we rightfully belong'. Without a full knowledge and understanding of the implications of each investment opportunity it would be foolish and irresponsible for us to try and influence or favour any of the individuals bids."
Ultra Posted 2 November 2006 Posted 2 November 2006 So we take any offer, even if it lands us with more debt than we have now? No sane person can make a decision one way or another until we know what Mandy's proposals actually are. ....or whether there are other bids which may actually protect the long-term interests of the club more than Mandy's does. If certain board members were unhappy with him yesterday, they will be fuming once they pick up today's Mockery!
The People's Hero Posted 2 November 2006 Posted 2 November 2006 But Babylon, your statement only has any value if your assumption that the board (as a collective) will act in the best interests of the club itself (present and future) and not in the best interests of themselves, their egos and their wallets. I'm not saying we should take whatever offer regardless, but please do not assume that our current board are the altruistic saviours of the club that they might like you to believe. ps the above is not meant to be offensive or inflammatory - i'm not saying you necessarily do believe this.. but it is the other side of the coin to your argument mon ami.
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