Durham Fox
El Dude Brother.
:icon_lol: :icon_lol: :icon_lol:
A rights issue, honestly!!!
So whats all this talk of another potential takeover??
:icon_lol: :icon_lol: :icon_lol:
A rights issue, honestly!!!
So whats all this talk of another potential takeover??
RL reports:
"The possibility of MM becoming the new owner of LCFC has moved a step closer today..."
The club have 2 options
-MM offer
-Rights issue
What's an acceptable level of investment. If its below £4 million its pointless.
"and if it is............ someones going to look really stupid if mandy turns round and says **** it....... I'M OFF........ because it could turn out to be the demise we all fear. "
If MM is dissuaded that easily it would signify to me that he was not really interested and would not have been a good custodian of our club. We want someone whose intentions are pure, I think.
God, it's like being a princess isn't it?!? Who is the prince, and who is Rumpelstiltskin?
A rights issue might not be that far fetched.
When the consortium was originally put together it was done so with the idea of no one having more than a small share of the club. There may have been people who were prepared to invest more at the time but were unable to do so because of this.
But if the club is prepared to change this rule to allow MM to take over, there's no reason why it should still be in place for existing shareholders.
So it could be that rather than a consortium of current shareholders making an offer to buy the club, they're just going to increase their shareholding.
Ok, transcript of the RL report:
"The possibility of Milan Mandaric becoming the new owner of Leicester City has taken a major step forward this evening. Speaking back on Saturday the Foxes Chairman Andrew Taylor had said the club wouldn't rush any decision, 'the decision that needs to be taken is not just one about the financial situation, compelling and important though that is, it's about the direction of the whole club, of where the football club goes'. Now BBC Radio Leicester understands the club hope the former Chairman of Portsmouth will meet their assurances ahead of Saturday's Extraordinary General Meeting. The Foxes major shareholders will be given two options, to accept Mr Mandaric's offer or dig deep in their own pockets for a rights issue and come up with substantial investment themselves."
John Barber said:Hi All,
I hope I can clear this up for you all. The announcement made by Leicester City today was simply to inform shareholders formally that they are negotiating with someone about a takeover.
The club HAVE to make a formal regulatory statement of the offer.
There is effectiveley nothing new in all of this ... just the club satifiying the takerovers and mergers people.
It doesn't mean that anything new has happened today, and you shouldn't read too much into it.
Having said that, it certainly does look like the Manadaric bid is very close to getting the nod.
If they can get guarentees about future financing and transfer budgets etc. then that will go to the shareholders on Saturday.
The only other option they will be given is to undertake a huge Rights Issue to bring in a massive investment from the current shareholders.
Keep an ear to the radio Saturday, and as soon as anything develops I'll let you know.
I hope this helps.
Cheers
At this time of year league position is totally irrelevant. I'd rather be 14th and 4 pts from the play offs than 10th and 8 points from the play offs.dont get distracted we are 14th in the league.
At this time of year league position is totally irrelevant. I'd rather be 14th and 4 pts from the play offs than 10th and 8 points from the play offs.
Bollox!
If this IS a new bid, it will surely slow down the decision on accepting MM's bid, as this new one is in the 'early stages'. MM has said that he wants to be owner before 15th December, and if this will not happen by 15th Dec he will walk!
The board will be cutting it fine if they take as long to ponder the new bid as they have done with MM's!
P | Pld | Pts | |
1 | Manchester C | 9 | 23 |
2 | Liverpool | 9 | 22 |
3 | Arsenal | 9 | 18 |
4 | Aston Villa | 9 | 18 |
5 | Chelsea | 9 | 17 |
6 | Brighton | 9 | 16 |
7 | Nottm F | 9 | 16 |
8 | Tottenham | 9 | 13 |
9 | Brentford | 9 | 13 |
10 | Fulham | 9 | 12 |
11 | Bournemouth | 9 | 12 |
12 | Newcastle | 9 | 12 |
13 | West Ham | 9 | 11 |
14 | Manchester U | 9 | 11 |
15 | Leicester | 9 | 9 |
16 | Everton | 9 | 9 |
17 | Palace | 9 | 6 |
18 | Ipswich | 9 | 4 |
19 | Wolves | 9 | 2 |
20 | Southampton | 9 | 1 |