breadandcheese Posted 2 November 2006 Posted 2 November 2006 His plan is to increase the value of the club so he'll get a return on his investment. Simple. Creating debt has nothing to do with it. Except, no not really. A football club is an illiquid asset. Unless you find that one specific buyer or list it, you will struggle to sell it. Even if you float it, there is no guarantee you will sell all your stake in the club at the price your want. All in all, the exit strategy from a football club is not a good one, so it is likely that he would be selling it at a discount to its actual worth to tempt a buyer. Indeed, Milan is doing this at the moment if talk is to be believed, understanding that if no suitable buyer takes over the club, it will be very rare for the current shareholders to get much value for their shares. The buyer has more leverage than the seller in my eyes, which Milan is exploiting. The best way to realise money from a football club is to take loans out to pay dividends to yourself. Or to loan money to the club, which the club pays back to you with interest. Then, your exit position is not so bad because you've already taken a return from your investment.
Ultra Posted 2 November 2006 Posted 2 November 2006 I hope you don't have these thoughts about everything in life, you'd be a nervous wreck. He's never done any of the above at other clubs so why would he do it to us? If we can't trust a man with his track record then we might as well give up. We've been shafted in the past by people with a lot BETTER track record than Mandaric. That's how we ended up in administration!
Louise Posted 2 November 2006 Posted 2 November 2006 Listen to the MM interview here: http://www.bbc.co.uk/leicester/content/art...r_feature.shtml
ithuriel Posted 2 November 2006 Posted 2 November 2006 We've been shafted in the past by people with a lot BETTER track record than Mandaric. That's how we ended up in administration! oh you mean those millionaire board members who were so good at running our club previously in such a professional manner
Louise Posted 2 November 2006 Posted 2 November 2006 Transcript of the RL interview: Mandaric: I'm quite positive, and I just hope that we can sort it out sooner than later. I'm expecting some response back from people, and I'm quite sure they will promptly do so, but I'm very pleased, from my side, that it's done. I think it's a fair deal, as I said before, but again you know I think that uh it's their turn to say yes or no.Barber: How long do you think before you'll hear back from Leicester City now? Mandaric: Well, I expect to get together with them and hear no later than the first part of next week Barber: And how will this possibly work, if you get a positive response from them? Do you need to sign some kind of confidentiality agreement to allow you to see the books or are we further on than that stage? Mandaric: Uh, well, I think first we need to get an agreement, at least a verbal agreement on the points that I've presented to them and then from there you know we would have to put our respective lawyers and accountants and more important allow me to talk to the organisation to look at what is there and what is not there and I expect that to take place rather soon. Barber: And what is your reaction to the news that Leicester City have other options than yourself Mr Mandaric? Mandaric: Well, if I was on the other side I'd be very happy for the club... that the club has so many options, and rightfully so it's a great club and t just needs some additional support and probably more experience on the football side. But I'm happy for them in one way. In my own selfish way I hope they do the deal with me. You can never say what's going to happen. Barber: And I understand that since your name was mentioned around Leicester City a couple of months ago now that you feel that you've had quite a positive response from the Leicester City supporters? Mandaric: I believe so. I unfortunately didn't have a chance to stand in front of them and face them, which I hope will be the case soon, but getting back a lot of emails and letters and having some friends in the Leicester area it sounds to me that there are some positive things said, and if they do their homework, which I'm quite sure they have friends everywhere, and they'll find out who I am, and in that case I wouldn't have any problem being accepted into the community. Barber: And it's gone well on the results side over the last couple of months hasn't it Mr Mandaric? Since all this talk has been around the football club Leicester have got some very good results. Mandaric: Absolutely true, and that's a very good situation even when I get too far away from the playing side [as well as I could understand it] ... it's a very different and competitive division, so it's not going to be easy but I think they're doing quite a good job in that department. Barber: And just finally, what's your general feeling from the kind of response you've had from Leicester City? Do you think that you'll be hearing some good news from your point of view in the next week or so? Mandaric: Well I'm always optimistic as far as that goes, again I can only say that it is a fair and good deal and if they want to bring somebody who will have a good chance to take the club where the supporters deserve it, I think I have a very good chance in that case. Seems RL were making up the ultimatum aspect of his interview.
lookwhaticando Posted 2 November 2006 Posted 2 November 2006 Transcript of the RL interview: Seems RL were making up the ultimatum aspect of his interview. Sensationalism at it's finest.
The People's Hero Posted 2 November 2006 Posted 2 November 2006 About time I threw in another tossminge, a cockbadger and perhaps a wankchops for good measures.
Daggers Posted 2 November 2006 Posted 2 November 2006 About time I threw in another tossminge, a cockbadger and perhaps a wankchops for good measures. ...and a fudgebucket?
BartonFox Posted 2 November 2006 Posted 2 November 2006 Pure class A uncut ****WITTERY, is the best way to decsribe some of the tripe bulging out of this thread, some people really need to wake up and get out of their utopian locally owned football dream world.
Louise Posted 2 November 2006 Posted 2 November 2006 Utopia is a rubbish place to live anyway, you're not allowed football there. Unfortunately though, it has been brought to my attention that: Milan Mandaric = A Damn Criminal
Katy Posted 2 November 2006 Posted 2 November 2006 Pure class A uncut ****WITTERY, is the best way to decsribe some of the tripe bulging out of this thread, some people really need to wake up and get out of their utopian locally owned football dream world. Do we have to? Utopia is a rubbish place to live anyway, you're not allowed football there. Unfortunately though, it has been brought to my attention that: Milan Mandaric = A Damn Criminal Better than Colin willy puller
Katy Posted 2 November 2006 Posted 2 November 2006 About time I threw in another tossminge, a cockbadger and perhaps a wankchops for good measures. Why has that just reminded me of Mosschops?
Maybes Posted 2 November 2006 Posted 2 November 2006 Utopia is a rubbish place to live anyway, you're not allowed football there. Unfortunately though, it has been brought to my attention that: Milan Mandaric = A Damn Criminal explain . . .
Louise Posted 2 November 2006 Posted 2 November 2006 explain . . . In Utopia their are hardly any recreational pursuits, you are supposed to spend your free time improving yourself by attending lectures and learning new skills, although you don't have much free time anyway as there are long work hours. Even if you skipped across the sea to watch some footie you wouldn't have any money to pay for it (unless you'd raided the store of treasure that Utopia has taken from wars with lesser neighbours), and you wouldn't be allowed to come back. That's what you wanted explaining, right?
Leicfox Posted 2 November 2006 Posted 2 November 2006 I went to Utopia after munching some magic mushrooms, there was elfs, pixies and even a river made from chocolate its a bad place to be, next time i'll be taking acid instead.
the_bowman Posted 2 November 2006 Posted 2 November 2006 Have I pissed myself or am I just sweaty? Either way Milan's playing havoc with my waters. Best news of the milennium, let's hope the board accept and don't piss about. Milan means business. We are back. well put, i cant wait! maybe now my mates wont mock me as much for supportin leicester...
Chimp Posted 2 November 2006 Posted 2 November 2006 Pure class A uncut ****WITTERY, is the best way to decsribe some of the tripe bulging out of this thread, some people really need to wake up and get out of their utopian locally owned football dream world. Care to explain in a bit more detail or was it just a random outburst?
DanTheFoxBhoy Posted 2 November 2006 Posted 2 November 2006 With his track record, why on earth would he asset strip us? He's 68, it's not as if he'd be even eyeing up a quick buck because he's already made a right wedge in his life time. I agree with this. He's performed well enough that we can trust the man. This bid is a bit like the Ring of Power, it's sending us mad and turning us againsst each other, my preciousss
Ultra Posted 2 November 2006 Posted 2 November 2006 oh you mean those millionaire board members who were so good at running our club previously in such a professional manner I mean the bunch that took us to top 10 Premiership finishes, won trophies and built a new stadium. Three things Mandy's NEVER done.
Fez of Mahrez Posted 2 November 2006 Posted 2 November 2006 I mean the bunch that took us to top 10 Premiership finishes, won trophies and built a new stadium. Three things Mandy's NEVER done. Martin O'Neill was never a member of the board.
Daggers Posted 2 November 2006 Posted 2 November 2006 ...and there's those who'd say the stadium was an expensive mistake. Not me mind, I just think it's soulless.
BartonFox Posted 2 November 2006 Posted 2 November 2006 Care to explain in a bit more detail or was it just a random outburst? No. It is an observation, and one that is 100% bang on the money.
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