take over?

[foxes-are-blue]

According to the People today there are two consortiums trying to buy City and one wants Geogory as manager.

Anybody heard this before, not Geogory the buy out?

[davieG]

According to the People today there are two consortiums trying to buy City and one wants Geogory as manager.

Anybody heard this before, not Geogory the buy out?

Yes it's been posted here:

http://www.foxestalk.co.uk/forums/index.ph...t&p=1018017

I don't think anyone is taking anything with John Gregory in as serious.

[Cheese Me]

There's no way we're about to be taken over.

It would cost a fortune to buy out MM and the risk / reward ratio is going to be miles off being worthwhile.

What we might see is less investment from the incumbant owner but noone is taking over.

[davieG]

There's no way we're about to be taken over.

It would cost a fortune to buy out MM and the risk / reward ratio is going to be miles off being worthwhile.

What we might see is less investment from the incumbant owner but noone is taking over.

Out of interest how much do you reckon this fortune is and why?

By his own admission he's only spent about £11 mill (probably loans) and a fair portion of that could be recovered by selling some assets.

[Lillehamring]

There's no way we're about to be taken over.

It would cost a fortune to buy out MM and the risk / reward ratio is going to be miles off being worthwhile.

What we might see is less investment from the incumbant owner but noone is taking over.

appparently, something tells him he's into something good

[Cheese Me]

Out of interest how much do you reckon this fortune is and why?

By his own admission he's only spent about £11 mill (probably loans) and a fair portion of that could be recovered by selling some assets.

I genuinely have no idea but my thinking is that Milan will not want to make a loss, seems to genuinely want success for the club and I think would need a reasonably significant offer to sell.

Take into the account that when last taken over we were a championship club with a reasonable shout at making the premiership and we're now a League 1 club who could conceivably fade into insignificance then our value must have dropped significantly (prem opportunity is worth much more than our assets). Taking that into account I can't see any offer being enough to make the sale seem like a sensible choice for Milan.

Just a theory but I would be amazed if we were bought out

[davieG]

I genuinely have no idea but my thinking is that Milan will not want to make a loss, seems to genuinely want success for the club and I think would need a reasonably significant offer to sell.

Take into the account that when last taken over we were a championship club with a reasonable shout at making the premiership and we're now a League 1 club who could conceivably fade into insignificance then our value must have dropped significantly (prem opportunity is worth much more than our assets). Taking that into account I can't see any offer being enough to make the sale seem like a sensible choice for Milan.

Just a theory but I would be amazed if we were bought out

As he got us for so little I'm sure he could get his money back his biggest loss would be his reputation considering he promised to leave us better off than when he bought us.

[renards]

Out of interest how much do you reckon this fortune is and why?

By his owntle admission he's only spent about £11 mill (probably loans) and a fair portion of that could be recovered by selling some assets.

18 million,

The club lost 5 million last year, that was with a small squad and spending very little.

Basically the clubs out goings far outweigh the incomings, MM has to keep putting in funds to pay the wages + bills.

I think its fair to say this money is not a gift to the good people of Leicester and their football club

[davieG]

18 million,

The club lost 5 million last year, that was with a small squad and spending very little.

Basically the clubs out goings far outweigh the incomings, MM has to keep putting in funds to pay the wages + bills.

I think its fair to say this money is not a gift to the good people of Leicester and their football club

Just because we're running at a loss doen't mean MM is funding that loss it could be covered by loans or bank over draughts, who ever took over would take on those debts it doesn't mean they have to pay MM he only needs back what he's actually spent out of his own pocket which I suspect is very little. Anyone taking over would need to either reduce the debts by investment or selling some players or carry on with them like so many other clubs do.

[davieG]

Full text

FOXES LINE UP AN INCE WAR

By Alan Nixon And Tom Hopkinson

Paul Ince and John Gregory are in a straight shoot-out for the vacant managerial post at Leicester.

Foxes chairman Milan Mandaric approached MK Dons boss Ince last week, and the former Manchester United and England midfielder will give the Serb an answer in the next 72 hours. Ince (above) is keen to replace Mark Hughes at Blackburn and should know by Tuesday whether he is in the running at Ewood Park.

If not, he will answer Leicester's call.

Mandaric has also sounded out Gregory. People Sport understands the former Derby and Aston Villa manager is the preferred choice of one of two consortiums who are keen to buy the League One club from Mandaric.

Gregory hopes to learn early this week whether that consortium has any real hope of gaining control.

John Gregory a proper Jack in the Box

[the beange]

Iv heard rumours about it as well i can't see it happenign at the moment, can't see milan selling now when he knows how much money he has put in.

he's a business man and he won't leave the club till were at least better off than what we were before.

[Lillehamring]

Full text

QUOTE

FOXES LINE UP AN INCE WAR

By Alan Nixon And Tom Hopkinson

Paul Ince and John Gregory are in a straight shoot-out for the vacant managerial post at Leicester.

Foxes chairman Milan Mandaric approached MK Dons boss Ince last week, and the former Manchester United and England midfielder will give the Serb an answer in the next 72 hours. Ince (above) is keen to replace Mark Hughes at Blackburn and should know by Tuesday whether he is in the running at Ewood Park.

If not, he will answer Leicester's call.

Mandaric has also sounded out Gregory. People Sport understands the former Derby and Aston Villa manager is the preferred choice of one of two consortiums who are keen to buy the League One club from Mandaric.

Gregory hopes to learn early this week whether that consortium has any real hope of gaining control.

and that took two journalists to write...

[Foxes_Trust]

There's no way we're about to be taken over.

It would cost a fortune to buy out MM and the risk / reward ratio is going to be miles off being worthwhile.

What we might see is less investment from the incumbant owner but noone is taking over.

With the current League standing & therefore liklihood of Premiership status in the next 2 years minimal, MM would have bought the club (as in paid to previous shareholders) for £640k.

On the basis the clubs status has been reduced since then, a new investor would surely look to pay even less?

But it's not about the selling price, they need to have many millions to keep the club going for the next 2 years, given the wage bill has significantly increased over the last 12 months, with many on longer term deals

[iancognito]

FOXES LINE UP AN INCE WAR

By Alan Nixon And Tom Hopkinson

Paul Ince and John Gregory are in a straight shoot-out for the vacant managerial post at Leicester.

Foxes chairman Milan Mandaric approached MK Dons boss Ince last week, and the former Manchester United and England midfielder will give the Serb an answer in the next 72 hours. Ince (above) is keen to replace Mark Hughes at Blackburn and should know by Tuesday whether he is in the running at Ewood Park.

If not, he will answer Leicester's call.

Mandaric has also sounded out Gregory. People Sport understands the former Derby and Aston Villa manager is the preferred choice of one of two consortiums who are keen to buy the League One club from Mandaric.

Gregory hopes to learn early this week whether that consortium has any real hope of gaining control.

All these guys are doing is recycling the week's news. We heard that John Gregory and Paul Ince were both in the running for the job and that Mandaric was looking to appoint someone in the next few days. For as long as I can remember, consortiums and businessmen have wanted a piece of City and it's hardly rocket science to work out that Mandaric would want to get out of the mess he created. P!ss poor journalism at it's very best.

[FilboFox]

A take over!?!

Dear lord... when will this seemingly never ending cycle of disasters end!?! Managers, players and now chairmen!?!

[lookwhaticando]

A take over!?!

Dear lord... when will this seemingly never ending cycle of disasters end!?! Managers, players and now chairmen!?!

Why should a take-over be considered a disaster?

Not all change is bad, you changeophobe.

[davieG]

A take over!?!

Dear lord... when will this seemingly never ending cycle of disasters end!?! Managers, players and now chairmen!?!

Milan Mandaric = never ending cycle of disasters end!?! Managers, players and now chairmen!?!

[blue blood]

john gergory is a toss pot and can fook off to anywhere he wants and if anyone wants to buy milan out....good fu ckin luck to them thats what i say, good fu ckin luck!

[Corky]

john gergory is a toss pot and can fook off to anywhere he wants and if anyone wants to buy milan out....good fu ckin luck to them thats what i say, good fu ckin luck!

Gregory would be an awful appointment, when he was at Villa did they actually beat us under him, in about 12 attempts?

[blue blood]

Gregory would be an awful appointment, when he was at Villa did they actually beat us under him, in about 12 attempts?

gregory is a rent boy

[Daggers]

This rumour holds no substance simply because it is associated with Gregory. His managerial career reads like a celebration of below-par ineptitude and no one coming into a club with money would want him to spearhead their investment...the concept of it is a joke.

His agent has salted this story along the lines of "John is not prepared to deny rumours linking him with the managerial position at Leicester City and is not able to confirm or deny any links with a potential take-over bid." Then, seeing as it is silly season with everyone on holiday and many column inches to fill, the hacks go to work producing a story.

If Gregory is our manager next season I will chop my nuts off, fry them lightly in a garlic oil and have them for tea with some nice salad and a crisp white wine.

[Dr The Singh]

This rumour holds no substance simply because it is associated with Gregory. His managerial career reads like a celebration of below-par ineptitude and no one coming into a club with money would want him to spearhead their investment...the concept of it is a joke.

His agent has salted this story along the lines of "John is not prepared to deny rumours linking him with the managerial position at Leicester City and is not able to confirm or deny any links with a potential take-over bid." Then, seeing as it is silly season with everyone on holiday and many column inches to fill, the hacks go to work producing a story.

If Gregory is our manager next season I will chop my nuts off, fry them lightly in a garlic oil and have them for tea with some nice salad and a crisp white wine.

I look forward to it!! Fo once i'm now looking forward to gregory's appointment!!

[Daggers]

I look forward to it!! Fo once i'm now looking forward to gregory's appointment!!

If you want to eat my nuts then you only need ask nicely - you don't have to wait for Gregory to be appointed.

[lookwhaticando]

I wonder if Souness is leading the other consortium?

[Webbo]

Thinking about this today, if one of the consortia( assuming there are consortia wanting to take over) is lead by Martin George he would know JG and iirc offered him the job when Brian Little left. There is a connection there and it could explain why JG is being touted as a possible manager.

That's my theory for what it's worth.