Asian consortium to buy out City

[Graz]

Good work

:icon_lol: I think I love you

 

[Redditch Fox]

The price of the existing shares is negotiated between Mandaric and this Mr. Power bloke. Could be a penny for the lot, could be £30 million each - there's no absolute value for them and you can't determine how much a 49% stake would cost.

And I can't see the ownership transfer working through putting additional money into the club. That doesn't help Mandaric since his goal is to get his money out. More likely is that the initial 49% is sold by Mandaric for a token amount - a quid or so - and the new owners pay off Mandaric's loans. Probably, like Gaydamak at Portsmouth, by replacing them with their own loans. And sometime later, the new owners pay Mandaric an agreed fee for the other 51%. Which could be anything, since it will be about transferring ownership in an offshore investment and not publicly visible.

Quite understandably, Milan is an old guy who wants to get his money back. All of us would if we were in his situation

Also, its obvious that Milan will use stage one of the transfer of ownership to ensure that he recovers all his loans by stage two.

However, this can be a win win situation for both Milan and the fans in the sense that only through getting the Sky monies via the Premiership will any third party(ies) make any money out of LCFC.

Football has changed a bit since medium sized clubs were owned by the local butcher, haulage contractor or travel agent...so we might as well accept the reality and also the uncertainty of this sort of ownership. No one in or around Leicestershire is going to come up with any viable alternative, are they?

 

[Mawsley]

Quite understandably, Milan is an old guy who wants to get his money back. All of us would if we were in his situation

Bollocks.

If I were in his position I'd be inviting a coronary by snorting coke from a Latino whore's tits.

The last thing I'd be thinking about is Leicester fvcking City.

 

[Macky]

If I were in his position I'd be inviting a coronary by snorting coke from a Latino whore's tits.

If I were Milan, I'd have pilfered a pair of LCFC socks and a pencil sharpener from the club shop, then I'd pay her to use them both in a provocative manner, which I'd probably find quite stimulating, then I'd probably get a bit pissed off because she doesn't have any gear of her own, then I'd promise to buy her a Ferrari if she'd just be quiet for a few minutes, then I'd feel slightly ashamed, then I'd remember my bank balance, then I'd fumble around to see what cash I had left.

 

[drummindefender]

King ****ing Power? Are you kidding me? I come back on this forum and see all this shite. is this some kind of ****ed up joke. whats going on!? ARGH

 

[homer]

Not just King Power - there's five of 'em

http://www.thisisleicestershire.co....EOVER-BID/article-2501319-detail/article.html

Five Asian businesses are behind a consortium bidding to buy Leicester City, it has emerged.

Thailand's King Power Group and four other major companies are in advanced takeover talks with owner Milan Mandaric.

An announcement is expected next week.

Mandaric confirmed retail giant King Power was one of those in the group, as revealed in the Leicester Mercury yesterday.


He has now said four other Asian businesses were part of the consortium. He would not name them.

A takeover of the club could provide the cash to support City's push into the Premier League.

"We are talking to a group of five different businesses," said Mandaric.

"There's King Power and there's others who are from other parts of Asia, but not Thailand.

"I hope these people are going to join one partnership group. There's lots of details and lots of conditional things to put together. We hope to announce something by the end of next week."

Mandaric, the club chairman, would not comment on reports the deal being negotiated would value the club at £39 million.

However, he did suggest the takeover would involve taking on the £26 million debt and the stadium.

Some reports suggest the consortium would initially buy 49 per cent of City, with a view to buying the rest at a later date. But the Mercury understands the potential investors are talking about buying a majority stake.

It is understood Serbian-American millionaire Mandaric would stay as chairman under the deal.

King Power, which specialises in duty free shopping, was yesterday unveiled as the club's new shirt sponsor.

The company is owned by Vichai Raksriaksorn, who has an estimated wealth of £113 million. Mandaric said the multi-million pound three-year sponsorship deal would still go ahead even if the takeover deal did not happen.

"It just shows that these people want to invest in the club," he said. "If things don't happen with any type of takeover they will still be our shirt sponsors."

Speaking about the shirt sponsorship, Raksriaksorn said: "We see this three-year deal as strategic and vital for our powerful global brand.

"Our interest in football is well established as sponsor to the Thai national football league and this sponsorship of Leicester City illustrates our ambitions and those of the club.

"This is an exciting and dynamic opportunity for us and I hope a relationship which can deliver much more for all sides, including the fans."

 

[Cate Fox]

Not just King Power - there's five of 'em

http://www.thisisleicestershire.co....EOVER-BID/article-2501319-detail/article.html

For a club that was making no comment in an official announcement, Milan is shooting his mouth off at every opportunity :icon_lol:

 

[Steven]

For a club that was making no comment in an official announcement, Milan is shooting his mouth off at every opportunity :icon_lol:

Which backs up my point that the statement was pointless. :icon_roll

 

[bocadillo]

For a club that was making no comment in an official announcement, Milan is shooting his mouth off at every opportunity :icon_lol:

... and still not telling us anything we didn't already know.

 

[Cate Fox]

... and still not telling us anything we didn't already know.

ture

 

[Graz]

... and still not telling us anything we didn't already know.

I didn't know it was 5 companies in the partnership. Where else has that been reported?

 

[lazzer]

Front page of the mockery. I notice also the quote "if the deal doesnt go through they will be still be our shirt sponsors" :icon_conf

 

[bocadillo]

I didn't know it was 5 companies in the partnership. Where else has that been reported?

We've known it was a group of companies since at least the second week of July when the News of the World report prompted the creation of this thread. Various reports have suggested that the number of companies might be greater than what is now been suggested and it may yet turn out that the final number is greater or fewer than five.

I hardly think the actual number of companies is in any case overridingly important. Do you? We are no wiser than we were before.

 

[Motown Fox]

Is this what we can look forward to?

Thailand were involved in an incident of unsportsmanlike conduct in its group-stage match against Indonesia in the 1998 Tiger Cup. Both teams had already secured spots in the semifinals, with the winner of the match to face hosts Vietnam and the loser to face Singapore. Perceiving Singapore to be the weaker opponent, neither side put much effort into winning the game. The first half saw little action, with both teams barely attempting to score. During the second half both teams managed to score, partly thanks to halfhearted defending, resulting in a 2–2 tie after 90 minutes. In extra time, Indonesian defender Mursyid Effendi scored a deliberate own goal, giving Thailand a 3–2 victory. Both teams were fined for "violating the spirit of the game" and Mursyid Effendi was banned from football for life.

 

[Macky]

Is this what we can look forward to?

Only if the consortium consists of the 1998 Thai football team, which I can't see happening, if I'm honest.

 

[Motown Fox]

With a kit like this Thailand's kit for 2009/10 we may end up with if Nike get the contract

 

[Motown Fox]

Only if the consortium consists of the 1998 Thai football team, which I can't see happening, if I'm honest.

It was the Thai football philosophy I was pointing out rather than that particular team

 

[GazLCFC]

With a kit like this Thailand's kit for 2009/10 we may end up with if Nike get the contract

 

[Ike O'Noclassed]

With a kit like this Thailand's kit for 2009/10 we may end up with if Nike get the contract

As we need a new back four, might as well have this lot, suited and booted.

 

[DesertFox]

It was the Thai football philosophy I was pointing out rather than that particular team

That's like saying Leicester's footballing philosophy is having Steve Walsh punch someone in the face, which happened more times than the above incident did in Thailand. Is that how you'd characterize Leicester?