Simo86 Posted 13 August 2010 Posted 13 August 2010 But there are folk around that know more about the state of the club than Bert (unless he's MM himself, which I doubt). Before MM took over, the club was not in a good way, but administration was never a possibility, partly because the club was still under the constraints of the rescue deal from 2003. The club's finances were not in a good way when Milan took over. There WAS a possibility of us re-entering administration. Having spoke to people who know about the clubs finances then and recently I can confrim this.
accessory Posted 13 August 2010 Posted 13 August 2010 What are you no? Pearson didn't choose Hull because they were a better option, for one thing cos they ain't! Pearson clearly thinks differently, and so does Robert Koren.. When Pearson saw Paulo Sousa at the home semi-final against Cardiff the message to Pearson was 'WE DON'T WANT YOU ANY MORE, WE WANT THIS BLOKE!' There were plenty of managers and ex-managers (including Brian Little) at that game. Doesn't mean MM had them lined up though. Do you really think Pearson would have walked if we'd won the playoffs and been promoted?
accessory Posted 13 August 2010 Posted 13 August 2010 The club's finances were not in a good way when Milan took over. There WAS a possibility of us re-entering administration. Having spoke to people who know about the clubs finances then and recently I can confrim this. I suggest you read the thread by Davie G on the Mandaric takeover. It confirms there was NO danger of us going into administration at that time.
STUHILL Posted 13 August 2010 Posted 13 August 2010 I suggest you read the thread by Davie G on the Mandaric takeover. It confirms there was NO danger of us going into administration at that time. Well we didn't exactly have a bright future without him. Would you have been happier if MM had never taken over the club?
Simo86 Posted 13 August 2010 Posted 13 August 2010 I suggest you read the thread by Davie G on the Mandaric takeover. It confirms there was NO danger of us going into administration at that time. I'll take your word for it, i best tell my source that he's in the wrong career if he gets things like this wrong...........
Fox You Forest Posted 13 August 2010 Posted 13 August 2010 Seems like everyone but me has a source, I must be doing something wrong.
hackneyfox Posted 13 August 2010 Posted 13 August 2010 I can guarantee everyone Bert knows a lot more of the on goings of Leicester City than you do. He may do but he is wrong on the admin bit, as many have pointed out. He also claimed the other day that DJ had never said he didn't want to come back, someone then posted the vid of DJ saying just that. Many people have contacts inside the club, doesn't mean they are always correct. My info comes indirectly from a previous director and isn't wrong.
hackneyfox Posted 13 August 2010 Posted 13 August 2010 I'll take your word for it, i best tell my source that he's in the wrong career if he gets things like this wrong........... One of Milan's pet journalists is he? Don't believe a word that comes via The Mercury
Zingari Posted 13 August 2010 Posted 13 August 2010 Seems like everyone but me has a source, I must be doing something wrong. my source tells me I haven't either
Simo86 Posted 13 August 2010 Posted 13 August 2010 One of Milan's pet journalists is he? Don't believe a word that comes via The Mercury no not a journo, someone who used to work closely with the club, but now he works for a different company
Ozwin Posted 13 August 2010 Posted 13 August 2010 What's everyone wingeing about now? Can't we all just get along?
Flynny Posted 13 August 2010 Posted 13 August 2010 Sorry but I think it's staggeringly naive to say "who cares, we've had some good years while Milan's been in charge" given his history of being happy to carry on with opaque business practices and letting false numbers fly around without clearing them up. It's a perfectly right and proportionate response for supporters to ask how we're being financed. Caring about the club isn't just caring about what's going on on the pitch, we have a right to know the club is being run responsibly, and be questioning if we're not sure it is. We provide the club with the bulk of it's income and want to see it go on and prosper. But if that properity comes on a wave of money that we bankrupt ourselves having to pay back when whoever's in charge cuts and runs, we don't (or shouldn't) want it, however beguiling it might seem at the time. If we 'Did a Portsmouth' and imploded financially, we'd all be the first to be asking whose fault it was, why no-one was paying attention, etc. Berating people for being responsible, taking the time to look at statements critically, and to try to work out exactly what's going on is not just silly, it's irresponsible. I don't mean this as an attack on people who take no interest, by the way, it's just bizarre to see it being turned around, and people telling others to 'lighten up' and take no interest in what's going on upstairs at the club. Oh, and on a slight tangent, this is why we need a real supporters trust and not a toothless, self-absorbed ragtag band of blowhards.
welck12 Posted 13 August 2010 Posted 13 August 2010 Seems like everyone but me has a source, I must be doing something wrong. my source tells me I haven't either I love the way this thread has turned into a "my source's bigger than your source" competition
Joe. Posted 13 August 2010 Posted 13 August 2010 Pearson clearly thinks differently, and so does Robert Koren.. We never even made a formal appraoch for Koren, so how could be reject us in favour of Hull?
Aumski Posted 13 August 2010 Posted 13 August 2010 remember what happened to pompy, defoe, crouch, james, belhadj, and being a midtable club looking to push on, and now look where they are, this all happened after milan sold pompy to the wrong type of people, i think instead of jumping in going "oh we now have money". that's not true, and if we had A LOT of money surly they would have said something like yes there is a lot of money to spend and strengthen the squad!? there tight lipped right now, and that's what concerns me the most.
Aumski Posted 13 August 2010 Posted 13 August 2010 remember what happened to pompy, defoe, crouch, james, belhadj, and being a midtable club looking to push on, and now look where they are, this all happened after milan sold pompy to the wrong type of people, i think instead of jumping in going "oh we now have money", we should take a step back. + that's not true, and if we had A LOT of money surly they would have said something like yes there is a lot of money to spend and strengthen the squad!? there tight lipped right now, and that's what concerns me the most.
Bert Posted 13 August 2010 Posted 13 August 2010 Didn't actually say he saved us from going into admin the moment he came in did i? No I don't think so. I claimed Dj had never said that, because he said it himself, and i'd not seen the video. How that's relevant to a contact being right about things is beyond me.
Flynny Posted 13 August 2010 Posted 13 August 2010 Didn't actually say he saved us from going into admin the moment he came in did i? No I don't think so. I claimed Dj had never said that, because he said it himself, and i'd not seen the video. How that's relevant to a contact being right about things is beyond me. If people are too thick to work out what's you speculating/chatting and what's you subtly passing on information, then more fool them if they don't believe what you say. Let them wallow in their own ignorance for a bit.
breadandcheese Posted 13 August 2010 Posted 13 August 2010 There were plenty of managers and ex-managers (including Brian Little) at that game. Doesn't mean MM had them lined up though. Do you really think Pearson would have walked if we'd won the playoffs and been promoted? Pearson didn't walk. He was edged out the door and felt stitched up by a chief exec and chairman who then went on a media offensive to say that Pearson leaving came as a complete shock.
hackneyfox Posted 13 August 2010 Posted 13 August 2010 Didn't actually say he saved us from going into admin the moment he came in did i? No I don't think so. I claimed Dj had never said that, because he said it himself, and i'd not seen the video. How that's relevant to a contact being right about things is beyond me. Well that just proves that sometimes contacts lie, as DJ did, so not everything that comes from the club can be believed. And my understanding is that we were never in any danger of admin before Milan took over, so if he saved us after that would be him putting right his own mistakes? Sorry, but I just got a bit sick of people claiming we were on the verge of bankruptcy before milan.
Chrysalis Posted 13 August 2010 Posted 13 August 2010 seems many here have short memories. essentially he got the club for about 9 million as new shares were created and thats what he paid for them. in 2 sums of 4.5 million. The ex shareholders are obviously bitter and will just use the amount they got for thei shares as the sale figure but he paid more then that. As far as I know he has also loaned about another 15 million to the club which makes 24 million. This all probably means the 40 million figure been waved about is also not that accurate and the real figure we probably wont find out. If MM didnt buy the club we may have held of admin by sellng 6 million worth of players that year (annual losses with overdraft maxed), he sold 4.5 million right? so thats still 1.5 million less and it got reinvested. In all honesty the league one relegation did us good as we were reborn. The shame of course tho in losing the record of never been out the top 2 divisions.
Jay Posted 13 August 2010 Posted 13 August 2010 Seems like everyone but me has a source, I must be doing something wrong. me neither but I do have some reggae reggae sauce that's the only sauce I need!!
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