Jamesino_LCFC Posted 3 November 2006 Posted 3 November 2006 Hi guys I've just got on and read the official statement on the OS - could someone please tell me what info it actually gives us because I've read it and its a little vague in my opinion..
Mort Posted 3 November 2006 Posted 3 November 2006 Somone want to post the Offical statment up on the board? Then we can all argue over it's wording...
I_miss_wembley_finals Posted 3 November 2006 Posted 3 November 2006 I think it's a very positive statement. I see a lot of positives in it too. It is unlikely that the offer contains sufficient detail on the plans in non financial terms which can only really be drawn out in a meeting. Further to this though it sends the correct message. The board are going to consider the offer properly, which means all the different factors, and one way of doing so is to talk to the person/people that are making the offer. And of course, by saying they will consider this offer seriously sends a message to potential investors that they are serious about listening to what people have to say.
Bert Posted 3 November 2006 Posted 3 November 2006 The Board of Directors at Leicester City has for a considerable while been exploring all avenues of generating increased investment into the football club. Earlier this week the Board received a formal offer from Milan Mandaric to purchase the club. The Board welcomes the interest of Mr Mandaric as a potential investor and acknowledges his track record in football over three decades in North America and Europe and, most recently, his successful term as chairman at Portsmouth . The Board, which is elected by 47 shareholders, has and will always continue to act in the best interests of the football club. This is an extremely important time for the football club and any decisions must be taken in a careful and measured manner. The 47 shareholders rescued the club from administration three years ago and remain totally committed to safeguarding and developing the future of the club. Members of the Board will meet with Mr Mandaric and continue to explore the other options open to it.
Ric Flair Posted 3 November 2006 Posted 3 November 2006 Hi guys I've just got on and read the official statement on the OS - could someone please tell me what info it actually gives us because I've read it and its a little vague in my opinion.. Ask your dad. Haha only joking mate. Basically, it's saying that they will meet with Mr Mandaric about 'options' of investing in the club. To me, that insinuates that they want investment but not a complete takeover. Let's see what happens. Perhaps Milan will convince them to sell up to him, it could go either way.
Mort Posted 3 November 2006 Posted 3 November 2006 The 47 shareholders rescued the club from administration three years ago and remain totally committed to safeguarding and developing the future of the club. Self-Congratulatory bastards ...but overall it's a pretty bland statment, the key thing will be th statment that emerges after the meeting this is pretty much an identikit statment that says very little and tries to make everyone happy while not alienating other "investors" (when we all know there are none ).
Dr The Singh Posted 3 November 2006 Posted 3 November 2006 Ask your dad. Haha only joking mate. Basically, it's saying that they will meet with Mr Mandaric about 'options' of investing in the club. To me, that insinuates that they want investment but not a complete takeover. Let's see what happens. Perhaps Milan will convince them to sell up to him, it could go either way. Come off it, the board must realise that MM, isn't going to invest, but wants to take over, htis sounds as though they want to get as much money as they can ie reluctant seller!!!
Ric Flair Posted 3 November 2006 Posted 3 November 2006 The Board of Directors at Leicester City has for a considerable while been exploring all avenues of generating increased investment into the football club. Earlier this week the Board received a formal offer from Milan Mandaric to purchase the club. The Board welcomes the interest of Mr Mandaric as a potential investor and acknowledges his track record in football over three decades in North America and Europe and, most recently, his successful term as chairman at Portsmouth . The Board, which is elected by 47 shareholders, has and will always continue to act in the best interests of the football club. This is an extremely important time for the football club and any decisions must be taken in a careful and measured manner. The 47 shareholders rescued the club from administration three years ago and remain totally committed to safeguarding and developing the future of the club. Members of the Board will meet with Mr Mandaric and continue to explore the other options open to it. That would read alot better to me if it said potential buyer. Perhaps i'm being ridiculous and it doesn't mean alot.
Ryanside Posted 3 November 2006 Posted 3 November 2006 The board are definately keeping their cards close to their chest. As far as a takeover is concered we know virtually nothing, only that a bid has been placed. I think we can continue to speculate either way but we are not going to know until an official virdict has been reached.
Mort Posted 3 November 2006 Posted 3 November 2006 ...we can only hope that their trying to go into hammering out the deal in the strongest position possible, namley not rolling over and saying "we accept, we accpet...and we'll throw in the wall hangings"... i say we can only hope
Jamesino_LCFC Posted 3 November 2006 Posted 3 November 2006 Ask your dad. Haha only joking mate. Basically, it's saying that they will meet with Mr Mandaric about 'options' of investing in the club. To me, that insinuates that they want investment but not a complete takeover. Let's see what happens. Perhaps Milan will convince them to sell up to him, it could go either way. I thought meeting with him was going to happen anyway regardless of the what they think about the offer. Your right in saying to wait and to see what happens, because thats all we can do here until we can find out what the verdict is, and that may take a few weeks or maybe months - I dont know, however what I do know is I want the verdict to be a positive one, in the form of maybe 'Yes, Mr Mandaric'
OriginalRobboFOX Posted 3 November 2006 Posted 3 November 2006 #Paranoia is in the air everywhere I look around# #Paranoia is in the air, every sight and every sound# #Whoooaaa ........ etc.#
Mort Posted 3 November 2006 Posted 3 November 2006 ...what I do know is I want the verdict to be a positive one, in the form of maybe 'Yes, Mr Mandaric' ...personally i'd prefer... "...welcome to the Walkers Stadium Mr Mandaric, first things first the club's yours... now how bout a cup of co-co while we move our stuff out of our offices"
OriginalRobboFOX Posted 3 November 2006 Posted 3 November 2006 I think it will be like....... 'Welcome Mr Mandaric, are Mr Beckham and Mr Ronaldinho with you??..............they are?......ok I'll escort them to the changing rooms'
I_miss_wembley_finals Posted 3 November 2006 Posted 3 November 2006 I think it will be like....... 'Welcome Mr Mandaric, are Mr Beckham and Mr Ronaldinho with you??..............they are?......ok I'll escort them to the changing rooms' Tongue in cheek maybe, but on a serious note does anyone know how much Milan or his company(s) are worth? I.e. how much he might be able to afford to invest/loan?? We all seem to be thinking of him as a bottom less pit but I would be interested to his financial capability. Should note at this point that if it has already been said millions of times I apologise, I haven't read each and every single post on the topic, I haven't the time!!
Ultra Posted 3 November 2006 Posted 3 November 2006 Because it's said to be £5mill for the shares and a £20 mill loan, not what I'd call an investment. He's in effect putting in less than the original shareholders who put in over £6mill in hard cash. MM is effectively getting the shares on the cheap and just loaning some money ( at what interest?) instead of putting it in the bank. It's a wank offer and insulting to all the fans he's creaming over. ..and who have been creaming over him on here and other boards this week. to FOXES Trust for doing their job.
Ric Flair Posted 3 November 2006 Posted 3 November 2006 Well the news about the club meeting with Mandaric next week is now all over the net on various websites. What surprises me is that yesterday when the Guardian published the article regarding a shareholder saying Mandaric hadn't got a chance of buying us, why wasn't that picked upon by the rest of the media. They usually love a story like that, especially when they can pin the blame on the source of the article if it turns out to be bollocks. Perhaps i'm clutching at straws, or perhaps that article yesterday was vastly incorrect?
Surreal Madrid Posted 3 November 2006 Posted 3 November 2006 That would read alot better to me if it said potential buyer. Perhaps i'm being ridiculous and it doesn't mean alot. Same diff, I'd say.
Ric Flair Posted 3 November 2006 Posted 3 November 2006 Same diff, I'd say. Coolio, I was hoping it meant that.
Mort Posted 3 November 2006 Posted 3 November 2006 ..and who have been creaming over him on here and other boards this week. to FOXES Trust for doing their job. An offer from Milan is the best/s] offer your going to get, it's that or division one... I for one I'm going to be hardpressed to pay to get into Leicester, watch a sh*te city side play other sh*te division one sides for two hours on a saturday, it simply wont be worth the money.
davieG Posted 3 November 2006 Author Posted 3 November 2006 An offer from Milan is the best/s] offer your going to get, it's that or division one... I for one I'm going to be hardpressed to pay to get into Leicester, watch a sh*te city side play other sh*te division one sides for two hours on a saturday, it simply wont be worth the money. A bit of an extreme and pessimistic view.
chili_con_carne Posted 3 November 2006 Posted 3 November 2006 Well the news about the club meeting with Mandaric next week is now all over the net on various websites. What surprises me is that yesterday when the Guardian published the article regarding a shareholder saying Mandaric hadn't got a chance of buying us, why wasn't that picked upon by the rest of the media. They usually love a story like that, especially when they can pin the blame on the source of the article if it turns out to be bollocks. Perhaps i'm clutching at straws, or perhaps that article yesterday was vastly incorrect? Agreed, probably a pompey fan writing the article
Daggers Posted 3 November 2006 Posted 3 November 2006 I'm loving my emotions constantly causing me to react wildly. I honestly can't guarantee what i'd do with Mandaric should I meet him within the near future. It could be a hug and pinch, a mere handshake or a fore-arm smash Are you getting excited or just having a period?
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