Bettsj2 Posted 30 May 2010 Posted 30 May 2010 I personally think we should be very wary of foreign investment - we've all seen what's happened to other english clubs who were sucked in by the promises of supposedly affluent gazillionaires. I'm also worried who Milan might flog us to, he doesn't appear to be too picky as long as he get his cash. Remember Aleaxandre Gaydaymak? He sold Pompey to him and look what happened. I'd prefer a consortium of Leicester based businessmen to come in and wave their wad in Milan's direction. 'Consortium of Leicester based businessmen' These rich Leicester based businessmen have had ample chances in the past to put their money up, but the reality is, anyone with an emotional attachment to the club would probably be more damaging to them and to the club which is probably why none of them have come in up to now. Having a succesful foreign businessman would be a good thing as they are driven by success. The problem wiht Gaydaymak at Pompey was he had money but no business crudentials. As soon as the going got tough he panicked and got out. This bloke that's rumoured (and remember at the minute it is just rumour, although that's how Mandric was first mentioned) to be interested in us, has built up his business from scratch and has been succesfull for many years. I have many Polish friends who all have heard of him and all regard him in the same way as the British regard Richard Branson. If this turns out to have any substance at all, I for one will be excited and welcoming to the idea. Football is changing and if you stand still you'll get left behind. If you still have the idea that the club is all about the fans then i'm afraid you are delusional and should maybe start supporting Oadby Town or Hinckley Athletic. Leicester City Football Club is a business. We run on profit/loss and that dominates our transfer strategy, ticketing and retail. At the ground, at home with family or at the pub with friends, I hear countless times about Mandric sucking the life out of the club and stinging the fans for their hard earned cash whilst no investment comes into the team etc etc etc. The bottom line is, this club was heading for administration again and if Milan hadn't purchased the club, we most certainly would have been relegated that season under Rob Kelly, and it would have been difficult to see how we would have stayed in business in League 1 with nobody propping us up financially. Milan didn't buy this club because he's a fan, he bought it as we are already set up to be a mid-table premiership team. Our facilities, fanbase and sponsorship potential all gear to a healthy profit which is what attracted Milan to us in the first place and is the reason why (if the rumour is true), this Polish chap is interested. It's a good thing that anyone at all is still showing an interest and regardless of the guys intent, no businessman looks to make a negative impact in any venture. There are several examples of investment gone wrong, but to look at Chelsea, Aston Villa and Manchester Utd (though their fans won admit it) you can see that a good investment can provide success.
Bugg Posted 30 May 2010 Posted 30 May 2010 Agree with this all apart from the Man Utd. bit, the Glazers have run the club into the ground and if it was any other club in that amount of debt, they would be in admin already.
Bettsj2 Posted 30 May 2010 Posted 30 May 2010 Agree with this all apart from the Man Utd. bit, the Glazers have run the club into the ground and if it was any other club in that amount of debt, they would be in admin already. Take your point. From a fans point of view, trophies and big money signings are the first things that Man Utd fans would want and they've had plenty of that under the Glazers.
Daggers Posted 30 May 2010 Posted 30 May 2010 I have many Polish friends who all have heard of him and all regard him in the same way as the British regard Richard Branson. Bit of a nauseating beardy cvnt then, eh?
Jordan Posted 30 May 2010 Posted 30 May 2010 Agree with this all apart from the Man Utd. bit, the Glazers have run the club into the ground and if it was any other club in that amount of debt, they would be in admin already. I don't mean to take this thread way off track, but the Glazers have certainly not run Manchester United into the ground and there's no way that Man Utd are in immediate danger of administration, big club or not. They're in huge debt, yes, but for most of their debt, their agreements with their creditors require repayments require the loans with interest to be paid down in full when they mature, with interest accruing throughout the terms of the loans. And even if they were allowed to repay the debt in full very soon (if Man Utd are to be believed, they have enough cash reserves and assets to be able to at least repay big chunks of their debt now), it wouldn't make much sense to do so. Man Utd generate lots of revenue, but as a club that challenges for every domestic and continental honor possible, they run with high expenses, too (and a high tax bill). Some of their available funds have to be used to improve, or at least maintain, the strength of their squad. The Glazers and Man Utd are certainly running some risks by allowing the Glazers's own debt to be transfered to Man Utd's books, but there's a good chance this could wind up being a huge success that completely changes football, for better or worse. Debt isn't a problem if 1) it can be transfered to someone/something else and/or, most importantly, 2) it can be repaid. Both seem to be the case with United, and a lot of the business deals they're making for the club now (especially with regards to sponsorship) look to increase the club's revenue significantly--perhaps enough for them to be able to repay their debts comfortably when their loans mature. They haven't run up expenses far higher than their revenue and skipped out on the tax man, like Portsmouth. They haven't failed to honor repayment agreements with their creditors, like Leicester City. I can think of a few other clubs that have gone into administration but I don't see much similar between them and Manchester United besides the word "debt." Don't get me wrong--I don't mean to be a Malcolm Glazer apologist. I think he's sleazy and I think his endgame for the club makes football's current debt-riddled, serve-the-sponsors climate even worse. However, I think a lot of what's happened at Man Utd since he and his family took over is misunderstood and I think the game he's playing with his debts will likely pay off handsomely in a few years. edit to add a link to David Bond's blog on the BBC, where he put this in layman's terms much better than I did above.
Jordan Posted 31 May 2010 Posted 31 May 2010 Hey, it doesn't mean they can't fook up and run the club into the ground later on, though
muzzyisalegend Posted 31 May 2010 Posted 31 May 2010 'Consortium of Leicester based businessmen' These rich Leicester based businessmen have had ample chances in the past to put their money up, but the reality is, anyone with an emotional attachment to the club would probably be more damaging to them and to the club which is probably why none of them have come in up to now. Having a succesful foreign businessman would be a good thing as they are driven by success. The problem wiht Gaydaymak at Pompey was he had money but no business crudentials. As soon as the going got tough he panicked and got out. This bloke that's rumoured (and remember at the minute it is just rumour, although that's how Mandric was first mentioned) to be interested in us, has built up his business from scratch and has been succesfull for many years. I have many Polish friends who all have heard of him and all regard him in the same way as the British regard Richard Branson. If this turns out to have any substance at all, I for one will be excited and welcoming to the idea. Football is changing and if you stand still you'll get left behind. If you still have the idea that the club is all about the fans then i'm afraid you are delusional and should maybe start supporting Oadby Town or Hinckley Athletic. Leicester City Football Club is a business. We run on profit/loss and that dominates our transfer strategy, ticketing and retail. At the ground, at home with family or at the pub with friends, I hear countless times about Mandric sucking the life out of the club and stinging the fans for their hard earned cash whilst no investment comes into the team etc etc etc. The bottom line is, this club was heading for administration again and if Milan hadn't purchased the club, we most certainly would have been relegated that season under Rob Kelly, and it would have been difficult to see how we would have stayed in business in League 1 with nobody propping us up financially. Milan didn't buy this club because he's a fan, he bought it as we are already set up to be a mid-table premiership team. Our facilities, fanbase and sponsorship potential all gear to a healthy profit which is what attracted Milan to us in the first place and is the reason why (if the rumour is true), this Polish chap is interested. It's a good thing that anyone at all is still showing an interest and regardless of the guys intent, no businessman looks to make a negative impact in any venture. There are several examples of investment gone wrong, but to look at Chelsea, Aston Villa and Manchester Utd (though their fans won admit it) you can see that a good investment can provide success.
muzzyisalegend Posted 31 May 2010 Posted 31 May 2010 'Consortium of Leicester based businessmen' These rich Leicester based businessmen have had ample chances in the past to put their money up, but the reality is, anyone with an emotional attachment to the club would probably be more damaging to them and to the club which is probably why none of them have come in up to now. Having a succesful foreign businessman would be a good thing as they are driven by success. The problem wiht Gaydaymak at Pompey was he had money but no business crudentials. As soon as the going got tough he panicked and got out. This bloke that's rumoured (and remember at the minute it is just rumour, although that's how Mandric was first mentioned) to be interested in us, has built up his business from scratch and has been succesfull for many years. I have many Polish friends who all have heard of him and all regard him in the same way as the British regard Richard Branson. If this turns out to have any substance at all, I for one will be excited and welcoming to the idea. Football is changing and if you stand still you'll get left behind. If you still have the idea that the club is all about the fans then i'm afraid you are delusional and should maybe start supporting Oadby Town or Hinckley Athletic. Leicester City Football Club is a business. We run on profit/loss and that dominates our transfer strategy, ticketing and retail. At the ground, at home with family or at the pub with friends, I hear countless times about Mandric sucking the life out of the club and stinging the fans for their hard earned cash whilst no investment comes into the team etc etc etc. The bottom line is, this club was heading for administration again and if Milan hadn't purchased the club, we most certainly would have been relegated that season under Rob Kelly, and it would have been difficult to see how we would have stayed in business in League 1 with nobody propping us up financially. Milan didn't buy this club because he's a fan, he bought it as we are already set up to be a mid-table premiership team. Our facilities, fanbase and sponsorship potential all gear to a healthy profit which is what attracted Milan to us in the first place and is the reason why (if the rumour is true), this Polish chap is interested. It's a good thing that anyone at all is still showing an interest and regardless of the guys intent, no businessman looks to make a negative impact in any venture. There are several examples of investment gone wrong, but to look at Chelsea, Aston Villa and Manchester Utd (though their fans won admit it) you can see that a good investment can provide success. I didn't say It woudn't be a good thing, but Mandaric needs to take care selecting a potential buyer/investor. You mentioned yourself that Gaydayak had money but no business credentials, so if MM had taken his time he woudn't have sold out to him. This guy may well be successful in Poland, but that doesn't mean he'll be successful over here. Don't get me wrong, I hope to god he is and the glory days come back to us,
teblin Posted 31 May 2010 Posted 31 May 2010 Someone on Tb put this on this morning. from sports.pl dated today. Owner Polonia Warszawa Joseph Wojciechowski, again surprising. - Pini Zahavi manager urges me to buy Leicester City - admits Wojciechowski.comment The two men met on Thursday in Tel Aviv. - This idea makes me very interested. But for now, the initial interview - says Wojciechowski. - It's true, I felt it to invest in the first league club. Discussions to finalize the long way. Leicester is true only in the championship game, but the team that has a real chance of promotion - says one of the greatest managers in the world. What does it Wojciechowski led to interest in this subject? - In Poland, the clubs must be explicit, in England you can earn them - explains briefly. Owner of J.W. Construction should however be borne in mind that Leicester, for which he would have to pay 10 million pounds (for the purchase of Polish explained zł 20 million, or about 4 million pounds) is indebted to the nearly 20 million pounds. On the other hand, most English clubs are indebted, even Manchester United in the hundreds of millions of pounds and certainly not to say that, overall, a loss. Apart from profits, other English club fulfill a dream Wojciechowski - finally, he could watch the match his team at the stadium, which comes more than 20,000 fans. - It would be a good investment for him, because we all know that English football generates profits - says Zahavi, who helped in taking Chelsea to Roman Abramovich, the billionaire talked from the East Alexander Gajdamaka that invested in Portsmouth. But this could not be happy, because last season the team got a minus nine points for the debts and eventually fell to the first division. On Konwiktorska Zahavi also is not a new character, his contacts with the Polish community began in 2004 when he tried to buy the team lead Blackshirt by Global Soccer Agency. Finally, the matter ended in court. Currently also working with Israeli Lechia Gdańsk. Admits Wojciechowski, soon may also act in the Polish community. - The next week I'm flying to London to discuss with both of these topics Zahavim - admits head Blackshirt. If Wojciechowski actually bought Leicester, what would happen with the Warsaw Polonia? - As I said, this is only preliminary talks, so hardly dywagować, but it certainly is something I'd resigned, did everything in accordance with the regulations - the owner said Blackshirt. However it appears that while we would not be obstacles that had both teams. - One person can not be the owner of two clubs appearing in the same league, that is, the translation in the UEFA European Champions League or in the national league - explains the UEFA press office worker. The problem there would be so only if both teams were promoted to the European cups. Then Wojciechowski would have to get rid of one of them.
Guest Bilo Posted 31 May 2010 Posted 31 May 2010 Bit difficult to follow because of the translation but it kind of proves my point earlier that it would be premature to dismiss the speculation just because he hasn't made an official approach. It could potentially take months to table a serious bid with lawyers, finances and related issues.
Yojoe36 Posted 31 May 2010 Posted 31 May 2010 Billionaire... You mean with a B WHOA!!!!!!!!!! Deal it's not about the money, but whe. The letter b comes into play, it's a whole new different story
jonthefox Posted 31 May 2010 Posted 31 May 2010 Billionaire... You mean with a B WHOA!!!!!!!!!! Deal it's not about the money, but whe. The letter b comes into play, it's a whole new different story Yeah but its a billion polish zloty. Which if im correct is about £250m. The blokes a pauper, but his wife has a fair old rack on her.
Shrenchel Posted 31 May 2010 Posted 31 May 2010 Yeah but its a billion polish zloty. Which if im correct is about £250m. The blokes a pauper, but his wife has a fair old rack on her. Still makes him about 5 times as rich as Milan who lets be honest, invested comparatively little in the playing squad last season and got lucky that Pearson was doing golden shits. Takeover sounds promising.
SMX11 Posted 31 May 2010 Posted 31 May 2010 Yeah but its a billion polish zloty. Which if im correct is about £250m. The blokes a pauper, but his wife has a fair old rack on her. Milan is worth around 60 mil isn't he? So you would expect a bit more available funds in terms of transfers. I'm slightly concered with his turnover of managers however. This is still all speculation though......
AyewJoking Posted 31 May 2010 Posted 31 May 2010 Polish billionaire eh? Expect our sponsors to be Mr Sheen then.
Edmund Posted 31 May 2010 Posted 31 May 2010 Flying in today. FACT. We all know how long these deals take to complete, we only have to look at the Mandaric saga before he came in. I hope Milan stumps up some cash in time for the new season if he knows we'll be getting some investment/new owners. It's understandable that Leicester are denying this as it only hikes up the price of potential transfer targets if it becomes common knowledge.
Guest Bilo Posted 31 May 2010 Posted 31 May 2010 Flying in today. FACT. Perfect timing. I'd love us to become a real force in the transfer market and get some extra quality not only in the first XI, but also to give us more strength in depth. As Forest will testify, it's all good having a good first XI but you need some able deputies to take the place of injured or tired players after Christmas.
Lineker's Left Foot Posted 31 May 2010 Posted 31 May 2010 Flying in today. FACT. I'm not being funny, but I think it is yourself who has good knowledge isn't it, a bit similar to 'know it all'?? I'm all for it because unfortunately if we are to progress we need people with more money on board for investment. In an ideal world I'd have a Jack Walker (ex-Blackburn owner) with Roman Abramovich's money owning our team, but it isn't going to happen, so this takeover is the next logical step forward IMO.
Bert Posted 31 May 2010 Posted 31 May 2010 I'm not being funny, but I think it is yourself who has good knowledge isn't it, a bit similar to 'know it all'?? I'm all for it because unfortunately if we are to progress we need people with more money on board for investment. In an ideal world I'd have a Jack Walker (ex-Blackburn owner) with Roman Abramovich's money owning our team, but it isn't going to happen, so this takeover is the next logical step forward IMO. Some might say so, yes. Anyway, I'm not saying that he's certainly going to takeover the club, I just know that he is serious about it, the story is all over the papers in Poland and he's flying in to have a look around the place.
Ozwin Posted 31 May 2010 Posted 31 May 2010 Amazing, didn't think there was much truth to this at all.
Guest Bilo Posted 31 May 2010 Posted 31 May 2010 Some might say so, yes. Anyway, I'm not saying that he's certainly going to takeover the club, I just know that he is serious about it, the story is all over the papers in Poland and he's flying in to have a look around the place. Sounds encouraging. I know this might sound a little silly but maybe the large Polish community in Leicester is a factor as well, the purchase of Leicester City by a compatriot may well encourage some of them to take an interest in the club. We've long tried to engage local Asians as a club and this could well do the same for the Polish community.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.