davieG Posted 13 August 2010 Posted 13 August 2010 From OS 1) Why do this deal with Leicester City? External investors who intend to let existing management teams manage; like to see a number of things clearly in place before they invest: a)A stable environment b) a management which they can 'buy-into' and which has a strategy c) the opportunity for the business to grow and d) a real opportunity to contribute more than just money. The new private backers clearly see LCFC in that light and therefore it reduces their 'risk' and increases their confidence. LCFC has shown an ability to stabilise its finances and grow the business (especially since the Administration of 2002) and has a real opportunity to go much further and join higher leagues which will further generate incomes and opportunities. The city and county provide opportunities to extend support and the world wide exposure of the club presents a real shop window for talent and commercial opportunities. The fact that the Chairman and CEO remain in place also makes this attractive and stable opportunity. 2) Will the new backers buy the rest of the club - is this the Chairman's exit strategy? The rest of the equity is not up for sale. Milan Mandaric is a business man and in time may wish to realise the value of his considerable investment but that is not on the cards for now and fans should rest assured that he would always want to ensure that future owners share the philosophy and ethos of the club. David Moores regretted selling Liverpool 'lock stock and barrel' and then watch his club suffer from board room problems and doubts about ownership. This deal is not like that and offers stability for the club and fans. 3) What will happen to the debt in the club? It is always a consideration and option to use new finance to replace debt and as a careful management such issues are always under consideration but given that we are happy with the repayment plans and table we see no reason to do more than continue to service the debt for now and use new finances independently. 4) Will this deal add to the debt? No. This deal does not reflect those of either Manchester United or Liverpool and the new investors are not raising their investment on the back of the club or any of our assets. 5) The last Thai purchase in an English club ended in tears: are there any connections here between that deal and this? No connection in terms of personalities or financial sources, some advisors or banking arrangements may be similar but otherwise no. 6) Is all the money private or are there any government connections? Sources and investment are private and not corporate. There are no connections or funding from any government. 7) Will the new owners commit new funds and if so, how much, when and how i.e. loans or further equity? Yes they will commit new funds. Loans, guarantees all manner of options are available but please remember that the rest of the equity is not for sale, though any company has the option to increase its shareholding and issue new equity. A sensible management always considers all options. We know the media and fans like to see big numbers quoted but financiers always say that in business one of the most dangerous moments is when large investment and cash is injected. We will sit down over the coming days and months and consult within the club and with Paulo Sousa about future financial requirements and then consider the best way forward. We will, as ever, seek to inform our fans as these issues develop. 8) Will Paulo Sousa choose the players who are bought and sold? No intention to move to a European Director of Football model 9) Are the new owners 'fit and proper' people? Yes. LCFC's new backers have strong reputations and will comply with all FA and regulatory requirements in England. 10) Are there any Human Rights or other issues concerning exploitation of people which should concern fans? All LCFC investors comply with the laws in all the countries in which they operate and while it is understandable to ask, given the issues at Manchester City in the recent past, this is not applicable here. 11) Will the fans be 'milked' with a hike in prices? We want to grow our fan base across the East Midlands, the country as a whole and abroad. Hikes would be detrimental to that model and ambition and we are always conscious of the difficult and constrained circumstances which face the UK and European economies. 12) Will Paulo Sousa meet the same fate as Sven Goran Eriksson or Mark Hughes at Manchester City or those at Chelsea? If you mean, is the expectation high and timescale short; then no. If you mean, have the new investors got a new Manager in mind, then no. Our plans remain the same; we are Ambitious, we wantedInvestment but we maintain Continuity and targets remain the same; that is the beauty of this deal and the beauty of having Milan and Lee in charge. 13) Will the new owners attend the games? As often as possible, allowing for business and diary commitments but yes they wish to become involved and really get behind both the executive and football teams. We hope to sell them some merchandise from the LCFC Megastore for the journey home
goose2010 Posted 13 August 2010 Posted 13 August 2010 who the hell wrote those questions?? quite intresting read though
Liamlcfc1 Posted 13 August 2010 Posted 13 August 2010 Didnt anser my question how much money will be spent on the squad and new players
HonradaRaposa Posted 13 August 2010 Posted 13 August 2010 What has it got to do with you? Do people understand what happens if you mouth off about how much you have? It drives up the price of players.
Edmund Posted 13 August 2010 Posted 13 August 2010 If you mean, have the new investors got a new Manager in mind, then no. Not surprising considering they've only just appointed Sousa
haraven Posted 13 August 2010 Posted 13 August 2010 I am positively surprised at the questions asked, and content with all answers. I give credit when credit it due, and this was a nice surprise from official sources. To those that hoped to see a figure on how much there is to spend on players - forget it, any sane business man will not splash that out.
Jackirius Posted 13 August 2010 Posted 13 August 2010 What has it got to do with you? Do people understand what happens if you mouth off about how much you have? It drives up the price of players. This guy is an angry man.
hackneyfox Posted 13 August 2010 Posted 13 August 2010 Not surprising considering they've only just appointed Sousa Apparently they didn't
Zingari Posted 13 August 2010 Posted 13 August 2010 will the kop be moved and will there be a red away strip ?
Kilworthfox Posted 13 August 2010 Posted 13 August 2010 They did not have to write any of these statements especially on thier own website! I think this is a good move, partial clarity, if we knew who they were going to be going for & how much so would everyone else so some lack of detail is understandable, sensible & essential.
Corky Posted 13 August 2010 Posted 13 August 2010 Well it's good to read, hopefully they will be kept in practice.
dandannieldanok Posted 13 August 2010 Posted 13 August 2010 Encouraging that they've been upfront with some issues. Although the answer to question 8 isn't exactly convincing.
Nick Posted 13 August 2010 Posted 13 August 2010 Encouraging that they've been upfront with some issues. Although the answer to question 8 isn't exactly convincing. Yeah, I think on the communication front this is progress, though this piece serves a purpose - it's designed to inform as a secondary measure it's primary function is defensive, attempting to combat cynical prejudice. It is however a step toward a degree of perhaps not transparency but a measured proportion of knowledge transfer.
Guest Posted 13 August 2010 Posted 13 August 2010 Definitely more assured about the situation. Interesting to read and also to see some clarification on issues that we've all been concerned about. Also quite correct about not stating the amount we have available for transfers, I don't want to see us fleeced.
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