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Takeover Bid - Trust Update

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Does anyone else find the second part of The Trust's update ridiculous? Fair enough they are reporting what they claim some fans have fedback to them, but at no stage during this process over the past few weeks have they ever published anything that is Pro-Mandaric directly from themselves or from what their fans have fed back to them. They shouldn't insult our intelligence by claiming that their hasn't been any fans desperate for Milan to take over because let's face it, there are lots of fans that want him here.

They do themselves no favours by making basic errors such as this. Those articles read to me that they've been written as a clear opposition to Milan Mandaric taking over, they take a very negative and defensive approach. Something The Trsust shouldn't be doing unless they really have had a massive revolt from their members against Mandaric taking over, which we all know isn't the case.

They are showing their true colours and trying to farm it off by pinning it on their members feedback.

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If you oppose the BNP and vote for another party...to continue your analogy...your vote is free.

If you wish to change or vote against Trust policy you have to pay. That is undemocratic representation of the fanbase, therefore the Trust can not be representative of the fanbase...only the Trust.

If anyone wanted to know what the fans thought it is easy enough to pop a multiple choice questionnaire into the programme and count the returns.

You could set up a rival fans group to oppose th truct if you are so inclined. Regardless the Trust represent more fans that any other group by a long way.

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Does anyone else find the second part of The Trust's update ridiculous? Fair enough they are reporting what they claim some fans have fedback to them, but at no stage during this process over the past few weeks have they ever published anything that is Pro-Mandaric directly from themselves or from what their fans have fed back to them. They shouldn't insult our intelligence by claiming that their hasn't been any fans desperate for Milan to take over because let's face it, there are lots of fans that want him here.

They do themselves no favours by making basic errors such as this. Those articles read to me that they've been written as a clear opposition to Milan Mandaric taking over, they take a very negative and defensive approach. Something The Trsust shouldn't be doing unless they really have had a massive revolt from their members against Mandaric taking over, which we all know isn't the case.

They are showing their true colours and trying to farm it off by pinning it on their members feedback.

It is in the interests of the Fans to know that the bid may not be the £25M reported.

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They do themselves no favours by making basic errors such as this. Those articles read to me that they've been written as a clear opposition to Milan Mandaric taking over, they take a very negative and defensive approach. Something The Trust shouldn't be doing unless they really have had a massive revolt from their members against Mandaric taking over, which we all know isn't the case.

To be fair, they've probably caught the negative and defensive approach off the team.

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Monday, 13 November 2006 Foxes Trust Press Release 13/11/06

Following the news the bid for Leicester City Football Club by Milan Mandaric is to be put before shareholders prior to the match with Preston on Saturday the Foxes Trust are urgently seeking reassurances from Mr Mandaric on a number of key issues. The Foxes Trust welcomes the recent comments by Mr Mandaric that he recognises the important role the clubs' supporters have in the success of the football club.

Foxes Trust Ian Bason commented "When the club came out of administration back in 2003 former Chairman Jon Holmes acknowledged the role played by supporters in saving the club & the importance of supporter representation at the highest level within the club. As a result the Trust holds an Observer role at all club Board meetings."

Bason continued "Should Mr Mandaric's bid be successful the Trust urge him to, at the very least, continue to uphold this important commitment to the supporters of Leicester City. It is vital for the supporters at any club to have confidence in people running their football club. In recent months the Trust has held discussions with club Chairman Andrew Taylor with a view to facilitating a full Director position on the Board of Leicester City Football Club. We sincerely hope that similar discussions can be held with any new owners of the club at the earliest opportunity....

While acknowledging the details of any bid must remain confidential the Trust Board firmly believes the supporters of Leicester City are entitled to broadly know what any bid for their football club contains. Trust Board member Ian Guyler explains "Headline figures of £25m raise expectations among supporters. However it is imperative for supporters to be aware how much of that will, ultimately, have to be repaid in the form of loans etc. In our view it unrealistic to expect businessmen like Mr Mandaric to fund the purchase of the Walkers Stadium & simply hand it over to the club. We ask Mr Mandaric to explain to supporters if he intends to fund the purchase of the Walkers Stadium & how this will be financed."

Trust Board Member Matt Davis confirmed the Trust are seeking a meeting with Mr Mandaric "We would welcome a face to face meeting where we can explore in depth his plans for the club. We believe such a meeting should take place at the earliest opportunity to enable the Trust Board to make an informed decision on his bid for the football club."

Meanwhile Trust Chairman Ian Bason confirmed the Trust was unlikely to hold a ballot of members prior to the shareholder meeting "Ideally the Trust Board would have preferred to have had a full ballot of members before voting on the bid by Mr Mandaric. However bid confidentiality & the timescales involved mean this is impractical. We will however update members further later in the week & ask members to continue to contact us with their views"

Finally the Board of the Foxes Trust wish to make clear to members & fellow supporters no decision has yet been made by the Board in respect of supporting any bid or financing options that may be put to shareholders on Saturday.

End of Press Release

Last Updated ( Monday, 13 November 2006 )

http://foxestrust.co.uk/site/index.php?opt...44&Itemid=2

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does this mean the FT expect to be allowed to remain in some sort of (non existant) power? surely from that sort of stance the other shareholders who would cash in could then argue they should be allowed to stay? it would be a bit silly as MM would have the ultimate say no matter what, unless i am reading the above statement totally incorrectly

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There are various complications and legal duties to being a company director. It might be the case that it is impractical to have a rotating member of the board on a short term rotation.

Indeed. I was poking fun..

It just tickled me after the amount of posts by 'FOXES_TRUST' regarding their amount of shares and the huge power and influence which they wield.

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Foxes Trust :angry::angry:

Can you please use your in game contacts ahem! or alternatively just get on a bloody phone and ring up the head of the Portsmouth supporters club and ask them what they think to Milan Manderic! PLEASE!!!

He listens to the fans, he speaks to the fans, he will go on phone ins and answers to the fans

As a Leicester fan I can and will relate to the guy much more than the Foxes Trust, who by the way i am convinced are made up of supporters who used to tell you to "sit down" at Wembley

WAKE UP! FT this is a good thing for our club. I understand questions need to be asked like "would you like one sugar or two Mr Chairman" but please some pro Manderic noises coming out of your end would do you no harm!

Ring up Portsmouth.....you'll have some money back by the time the bill comes like it or not. (Pay for you to watch the rugby world cup :P )

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I hope who ever has gotta decide on saturday weather to sell the club says yeh and lets milan take over he's the one to take us to the prem ..... if they no whats best for the club they'll say yes

Come on SELL THE CLUB TO MILAN

SELL THE CLUB TO MILAN

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Foxes Trust :angry::angry:

Can you please use your in game contacts ahem! or alternatively just get on a bloody phone and ring up the head of the Portsmouth supporters club and ask them what they think to Milan Manderic! PLEASE!!!

He listens to the fans, he speaks to the fans, he will go on phone ins and answers to the fans

As a Leicester fan I can and will relate to the guy much more than the Foxes Trust, who by the way i am convinced are made up of supporters who used to tell you to "sit down" at Wembley

WAKE UP! FT this is a good thing for our club. I understand questions need to be asked like "would you like one sugar or two Mr Chairman" but please some pro Manderic noises coming out of your end would do you no harm!

Ring up Portsmouth.....you'll have some money back by the time the bill comes like it or not. (Pay for you to watch the rugby world cup :P )

We spoke to Pompey people way before any bid was launched, they were one of the sources that told us that loans not cash would make up the large part of any bid

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We spoke to Pompey people way before any bid was launched, they were one of the sources that told us that loans not cash would make up the large part of any bid

They're the ones who REALLY know Mandy, and aren't on his payroll like some scribes we could mention..

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We spoke to Pompey people way before any bid was launched, they were one of the sources that told us that loans not cash would make up the large part of any bid

you guys are absolutely right. we should reject the bid and sit back and wait for an abramovich type to come along at least he'll put his own cash into the club. you're just trying to cling onto power.

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S'right Cookie :thumbup:

Milan is obviously going to cock everything up and must have paid for those thousands of Pompey fans to cry as he said goodbye. He is so obviously a real bastard and his desires on this club must be evil.

I reckon we should stick with the current board because they are promising (through their FoxesTrust voicebox) to reduce ticket prices next season...and anyone who doesn't consider that to be the singlemost important thing is mental. Fact. :unsure:

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you guys are absolutely right. we should reject the bid and sit back and wait for an abramovich type to come along at least he'll put his own cash into the club. you're just trying to cling onto power.

Yeah cos nobody else has ever put their own money in. Actual cash they have earnt themselves. Oh, except the current board of course. But Screw them someone wants to lend us millions!!!

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They're the ones who REALLY know Mandy, and aren't on his payroll like some scribes we could mention..

I don't think you're going to be able to support your case by relying on Portsmouth to give you a bad report of him.

Yeah cos nobody else has ever put their own money in. Actual cash they have earnt themselves. Oh, except the current board of course. But Screw them someone wants to lend us millions!!!

The current board haven't got or are unwilling to put in the money needed to make this club a viable promotion-chasing team again. Time to put sentiment aside and show a bit of ambition.

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The current board haven't got or are unwilling to put in the money needed to make this club a viable promotion-chasing team again. Time to put sentiment aside and show a bit of ambition.

My point is you don't have to be Abramovich to actually put in your own cash in equity and share the risks of the club.

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