Official Statement

[breadandcheese]

I think it's the case Taylor could not approve the bid to shareholders and so resigned to allow the board to unanimously approve the bid. I guess we are now waiting for shareholders to digest the bid offer and we should hear more in the next day or two.

My concern is why Andrew Taylor, appointed to get funding into the club, could not in the end back the bid.

I know we are all desperate for success but I would like to know more information about the bid offer before deciding whether Uncle Milan is indeed our man.

[Monk]

Guys can we look at this logically please? There is too much speculation.

He has either left because:

A) Personal Reasons (unlikely)

B) Because he is opposed to the takeover and wants to show that (surely this would have been published)

C) He knows the takeover is about to go through and has decided to leave in order to clear the way for MM

D) He has been paid some money to bugger off

E) He knows the takeover is about to fail so is getting out to maintain his reputation.

Logically I dont think its A or B as this would have been included in the statement.

I just hope its not E.

Please add to the list if you believe there could be other reasons

[breadandcheese]

Guys can we look at this logically please? There is too much speculation.

He has either left because:

A) Personal Reasons (unlikely)

B) Because he is opposed to the takeover and wants to show that (surely this would have been published)

C) He knows the takeover is about to go through and has decided to leave in order to clear the way for MM

D) He has been paid some money to bugger off

E) He knows the takeover is about to fail so is getting out to maintain his reputation.

Logically I dont think its A or B as this would have been included in the statement.

I just hope its not E.

Please add to the list if you believe there could be other reasons

It's B, but not quite for your reasoning. He opposed the bid offer and so resigned to allow the board to put the bid to the shareholders.

In an official statement, it would not be announced why he decided to quit as this could prejudice the shareholder vote on whether to accept Milan's offer. If Leicester had announce the reason for his departure, we could potentially leave ourselves open to legal action by Mr. Mandaric.

[Monk]

It's B, but not quite for your reasoning. He opposed the bid offer and so resigned to allow the board to put the bid to the shareholders.

In an official statement, it would not be announced why he decided to quit as this could prejudice the shareholder vote on whether to accept Milan's offer. If Leicester had announce the reason for his departure, we could potentially leave ourselves open to legal action by Mr. Mandaric.

Succint point.

[Ric Flair]

What happens if the shareholders reject the bid after the board have accepted it? We then have a bunch of shareholders who don't agree with our board and that will cause all sorts of problems. All detrimental to our club and to the value of their shares aswell.

It's getting to the stage where they have little choice but to accept it, let's hope MM has made his final offer and won't change it yet again if he sense yet more opportunity to get it for a lower price.

Shit or bust.

[Monk]

What happens if the shareholders reject the bid after the board have accepted it? We then have a bunch of shareholders who don't agree with our board and that will cause all sorts of problems. All detrimental to our club and to the value of their shares aswell.

It's getting to the stage where they have little choice but to accept it, let's hope MM has made his final offer and won't change it yet again if he sense yet more opportunity to get it for a lower price.

Shit or bust.

If the Shareholders turn it down it will become a hostile takeover bid, and MM will have to pay more money for the shares, thus possibly making him turn away.

Anyone who publicly turns the bid down then it results in collapse is going to get a lot more than bricks through their window.

[breadandcheese]

Anyone who publicly turns the bid down then it results in collapse is going to get a lot more than bricks through their window.

This is part of the reason the bid will I think be accepted, which is pretty poor in my book.

With the charged atmosphere that surrounds this takeover, should the shareholders reject the bid, you will know that the offer put forward by Milan was so extremely poor that they would risk the problems that result.

In answer to Ric's question, I don't think it a problem. The board manage the club/business for the shareholders. If I was a shareholder, I would argue it more irresponsible of a board not to put any bid offers to the shareholders to let them decide if it was acceptable or not.

However, until details leak out about the bid, it is all academic and speculation. None of us, bar the board members know the content or details of the bid offer. Edit: and the shareholders who the bid is being put to.

[ibbosuk]

I think it's the case Taylor could not approve the bid to shareholders and so resigned to allow the board to unanimously approve the bid. I guess we are now waiting for shareholders to digest the bid offer and we should hear more in the next day or two.

My concern is why Andrew Taylor, appointed to get funding into the club, could not in the end back the bid.

I know we are all desperate for success but I would like to know more information about the bid offer before deciding whether Uncle Milan is indeed our man.

Look as ever, we go round and round in circles over this, the stalling (and thats what it is to me) is the only constant, the shuffling of chairs in the boardroom, a meaningless statement ? a lot of questions are going to need answers when this is finally over, that we do know, but the answers might be very unpalletable.

Until this is sorted every nudge, wink, tip, is just BO**OCKS as far as I am concerned.

Stalling is the only constant !

[Leicfox]

It's B, but not quite for your reasoning. He opposed the bid offer and so resigned to allow the board to put the bid to the shareholders.

In an official statement, it would not be announced why he decided to quit as this could prejudice the shareholder vote on whether to accept Milan's offer. If Leicester had announce the reason for his departure, we could potentially leave ourselves open to legal action by Mr. Mandaric.

We hope its B.

[Smudge]

Guys can we look at this logically please? There is too much speculation.

He has either left because:

A) Personal Reasons (unlikely)

B) Because he is opposed to the takeover and wants to show that (surely this would have been published)

C) He knows the takeover is about to go through and has decided to leave in order to clear the way for MM

D) He has been paid some money to bugger off

E) He knows the takeover is about to fail so is getting out to maintain his reputation.

Logically I dont think its A or B as this would have been included in the statement.

I just hope its not E.

Please add to the list if you believe there could be other reasons

Are you asking us to speculate some more

[Ric Flair]

Taylor was apparently forced to sit in the stands and buy himself a seat for the Fulham match, rather than in the corprate hospitality. This was because he had fallen out with MM.

That is why he has resigned, because he is now a hinderance to to the deal. Simple

This is on another forum.

I suppose it could well be plausible. It's been said that yesterday saw the latest stumbling block overcome and Taylor has resigned, so I imagine he was the stumbling block.

I wonder why he fell out with Mandaric?

[davieG]

This is on another forum.

I suppose it could well be plausible. It's been said that yesterday saw the latest stumbling block overcome and Taylor has resigned, so I imagine he was the stumbling block.

I wonder why he fell out with Mandaric?

Having only just bought his shares he was perhaps less prepared than other shareholders to take a loss.

[Manwell Pablo]

This is on another forum.

I suppose it could well be plausible. It's been said that yesterday saw the latest stumbling block overcome and Taylor has resigned, so I imagine he was the stumbling block.

I wonder why he fell out with Mandaric?

Poor Andy, forced to buy a ticket, my heart bleeds for him.

[Ric Flair]

Having only just bought his shares he was perhaps less prepared than other shareholders to take a loss.

That was my initial thoughts, but he has had a year's pay out of us and he's still likely to get half his cash back straight the way and the rest dependant on performance. I'm sure he's aware that administration will lead to him losing all of his money and his cushty job anyway.

[THEBIGJOHNSTEADER;]

Are you asking us to speculate some more

F) I heard from a close source to the club that Milan Manderic had arranged a tele-conference meeting with Taylor and other board members, however Taylor got inpatient, forgot about his live screen buddies and began having an asphysxi-wank with an old Portsmouth Scarf and some KY jelly much to the disgust of Milan, although the other board members wondered what all the fuss was about and began playing the 'wet biscuit' game and once over, demanded that Milan ate the soggy oatmeal based snack

..I've drank too much tea and have information overload

[Babylon]

I'm sure he's aware that administration will lead to him losing all of his money and his cushty job anyway.

Perhaps he is aware we wouldn't go into administration (considering it is all rumour).

[Geo V]

its (Z) He has run off to Australia with Michael Barrymore.

[Leonisco]

I've got a really bad feeling about this. Despite what anyone says, I believe Andy Taylor is a true City fan and I'm certain he would want to be here when the deal is actually completed.

However, I think he's just become exasperated with the rest of the board being more interested in lining their pockets than the welfare of the club and stalling the deal (although to be fair if Milan's been sneaky and not offered much then he's just as bad). I think he's realised that they're going to do everything they can to block this, so he's quit before all hell breaks loose.

Well, that's my theory anyway. I fookin hope I'm wrong.

[Ric Flair]

Perhaps he is aware we wouldn't go into administration (considering it is all rumour).

Possibly, but without any significant investment this club cannot continue to operate unless they raise money from selling players. But then that puts the clubs league staus in threat and also, there's only so much money the club could raise through selling players and eventually that would run out.

[Geo V]

Possibly, but without any significant investment this club cannot continue to operate unless they raise money from selling players. But then that puts the clubs league staus in threat and also, there's only so much money the club could raise through selling players and eventually that would run out.

True. We havent got loads of players worth 7 figure sums anymore. We may be able to get something near that for Kisnorbo but after the loanee`s go back and the players like Nisa and Tiatto see there contracts run out in the summer there wont be too much left.

[JoeyB]

the only way we could get the players is if the chairman resigned

[Leonisco]

On the OS this story has sank below the Horsfield interview, the new signings picture special and the rearrangement of the Birmingham game. Hopefully this is a good sign as it means the club don't think it's that important.

[ibbosuk]

I've got a really bad feeling about this. Despite what anyone says, I believe Andy Taylor is a true City fan and I'm certain he would want to be here when the deal is actually completed.

However, I think he's just become exasperated with the rest of the board being more interested in lining their pockets than the welfare of the club and stalling the deal (although to be fair if Milan's been sneaky and not offered much then he's just as bad). I think he's realised that they're going to do everything they can to block this, so he's quit before all hell breaks loose.

Well, that's my theory anyway. I fookin hope I'm wrong.

I think you are dead right.

Stalling is the only constant !

[Babylon]

Possibly, but without any significant investment this club cannot continue to operate unless they raise money from selling players. But then that puts the clubs league staus in threat and also, there's only so much money the club could raise through selling players and eventually that would run out.

I know... I'm just saying he is in a better position to judge.

If it's all down to not getting his money back that he resigned, then he would know that we would go into admin without it and he'd get nothing if that was the case. So it must be another reason... if that makes sense, i read it and it doesn't. I can't be arsed to write it again ha.

[Dames]

Ok from what i gathered on east midlands today.

It said along the lines of Taylor and Milan had a bust up and now don't get along, they also said the deal would go through quicker now because of Taylors departure.

I hope this is true but at the minute i'm not to sure.