Backlash

[Redditch Fox]

The FT didn't say there is a plan B :icon_roll

In my book, for the FT to refer to a plan B is absurd enough....... and we are still waiting to hear about the 'options that needed to be explored' in the run up to the special board meeting.

 

[step]

It seems to me that the only thing that has been of hindrance to the takeover is the inadequacy of the LCFC board

Sorry Joe but you have no reason to make that assumption. and until we know different we should give the board the benifit of the doubt.

 

[Boy Genius]

yeah like we got the complete and full explaination of what went on in La Manga that we were promised by TNBD :icon_roll

Why did the fans need to know what went in in La Manga.......

 

[Feriol]

In my book, for the FT to refer to a plan B is absurd enough....... and we are still waiting to hear about the 'options that needed to be explored' in the run up to the special board meeting.

they were saying that they would expect the board to come up with something.

This i think reveals 2 things

1, they know the fans wouldn't stand for no action
2, they (the FT) recognise the NEED for a plan B

as you would i pressume agree that the FT 'power' is limited, they surely cannot be responsable for the nature of, or even the existance of a plan B

 

[Boy Genius]

they were saying that they would expect the board to come up with something.

This i think reveals 2 things

1, they know the fans wouldn't stand for no action
2, they (the FT) recognise the NEED for a plan B

as you would i pressume agree that the FT 'power' is limited, they surely cannot be responsable for the nature of, or even the existance of a plan B

I assume the FT's power is NIL........

 

[Feriol]

I assume the FT's power is NIL........

exactly.

 

[Redditch Fox]

they were saying that they would expect the board to come up with something.

This i think reveals 2 things

1, they know the fans wouldn't stand for no action
2, they (the FT) recognise the NEED for a plan B

as you would i pressume agree that the FT 'power' is limited, they surely cannot be responsable for the nature of, or even the existance of a plan B

I think all these arguments and different views are now well rehearsed.

I am merely inferring that the FT in the run up to the special board meeting made sound bites suggesting that there might be other options to be explored. I - and many others - were profoundly cynical about those sound bites. Subsequently, the FT had changed the emphasis of its messages - along the lines of purporting to be broadly supportive of an MM initiative....and now are indicating that they will be pressing the board about a plan B.

I don't believe that there were other potentially viable options, I don't believe that the board will have a plan B except more of the same misery whilst they vainly search for an alternative investor(s).

Basically, I suppose i have a view that a MM buy out on almost any terms would be better than the present situation, but I am honest enough to admit that if I was a shareholder than i might have a different view.

As to the powers of the FT - I agree that they are limited and based on the way they have muddied the waters in this affair - they are, IMO, not limited enough.

 

[Bowman]

I recond that if the MM deal fails, The club will go bust, The Tigers will buy the Walkers and the City will move to Welford Road.

 

[Steven]

I recond that if the MM deal fails, The club will go bust, The Tigers will buy the Walkers and the City will move to Welford Road.

That is my scenario in the event of the MM deal going tits up. :icon_conf :icon_conf

 

[Redditch Fox]

That is my scenario in the event of the MM deal going tits up. :icon_conf :icon_conf

Or - the obvious - if the Football League and the RFU will agree - the ground share option.

 

[Jeff]

That is my scenario in the event of the MM deal going tits up. :icon_conf :icon_conf

Can't see us going bust - we have assets that can be sold. The groundshare may be back on, but there's no way we'll end up playing at Welford Road. If we do I'll eat MHS's hat.

 

[Melton Fox]

If we do I'll eat MHS's hat.

Somebody's already eaten it. Boc and myself were talking to a hatless MHS on Saturday

 

[low roller]

Re: MM and Portsmouth

The board have not yet received a final offer from MM so how they can they be accused of screwing up?Would you sell your house to somebody without knowing the price?
Has it occurred to anybody out there that MM may have his own reasons for creating delays to the process?For example in the Sunday Times on December 17 it said in an article about Pompey-"Ex-owner Milan Mandaric's departure to pursue other ventures involved the transfer of his remaining half share in the club to an offshore trust.Gaydamak(new owner) is still to pay the £8m price agreed last year"
If this is correct,and let's face it the Sunday Times is more likely to be correct than the Leicester Mandaric then there could be two reasons for MM wanting to delay.
1 He hasn't got the cash until he receives Pompey money .or
2 More likely he can't invest in any other club whilst he still has a shareholding in Pompey.Until he receives the money from Gaydamak he would still be a shareholder in Pompey.
So instead of blaming the board for everything how about looking further than the end of your very blue nose?

 

[Boy Genius]

Somebody's already eaten it. Boc and myself were talking to a hatless MHS on Saturday

and he has had his feckin hair cut, bout time too if you ask me.

 

[MHS]

If we do I'll eat MHS's hat.

Somebody's already eaten it. Boc and myself were talking to a hatless MHS on Saturday

and he has had his feckin hair cut, bout time too if you ask me.

 

[Boy Genius]

and he has had his feckin hair cut, bout time too if you ask me.

He looks really camp now, bet he starts drinking babycham as well.

 

[Feriol]

I am merely inferring that the FT in the run up to the special board meeting made sound bites suggesting that there might be other options to be explored. I - and many others - were profoundly cynical about those sound bites. Subsequently, the FT had changed the emphasis of its messages - along the lines of purporting to be broadly supportive of an MM initiative....and now are indicating that they will be pressing the board about a plan B.

I don't believe that there were other potentially viable options, I don't believe that the board will have a plan B except more of the same misery whilst they vainly search for an alternative investor(s).

Basically, I suppose i have a view that a MM buy out on almost any terms would be better than the present situation, but I am honest enough to admit that if I was a shareholder than i might have a different view.

As to the powers of the FT - I agree that they are limited and based on the way they have muddied the waters in this affair - they are, IMO, not limited enough.

on the subject of other offers, the 'rights issue' is the only one the FT have specified, maybe because the fans wouldn't like the sound of other options

Ground Share
Loans (further debt - gamble)
Sale of Several Assets

to name but a few that i am speculating are pottential 'options' if the foxes trust were to publicise these as options they would be slated even more. but for all we know the clubs situation could be so dire as to make these unsavory options realistic if the MM deal falls through.

i think some people interpreted 'options' to mean 'rival bids' which is something the foxes trust have never said. speculation on rival bids came from other sources.

 

[Stevie Lynex on the wing]

Re: MM and Portsmouth

The board have not yet received a final offer from MM so how they can they be accused of screwing up?Would you sell your house to somebody without knowing the price?
Has it occurred to anybody out there that MM may have his own reasons for creating delays to the process?For example in the Sunday Times on December 17 it said in an article about Pompey-"Ex-owner Milan Mandaric's departure to pursue other ventures involved the transfer of his remaining half share in the club to an offshore trust.Gaydamak(new owner) is still to pay the £8m price agreed last year"
If this is correct,and let's face it the Sunday Times is more likely to be correct than the Leicester Mandaric then there could be two reasons for MM wanting to delay.
1 He hasn't got the cash until he receives Pompey money .or
2 More likely he can't invest in any other club whilst he still has a shareholding in Pompey.Until he receives the money from Gaydamak he would still be a shareholder in Pompey.
So instead of blaming the board for everything how about looking further than the end of your very blue nose?

First of all welcome on board low roller secondly you have beaten me to a post as I was about to post similar comments as you, most on here are too eager to blame the board and think that MM is going to be a saviour but the truth is he is Pompey at heart and doesn't have enough money until he receives the £8m from Gaydamak.

 

[Dour]

Re: MM and Portsmouth

The board have not yet received a final offer from MM so how they can they be accused of screwing up?Would you sell your house to somebody without knowing the price?
Has it occurred to anybody out there that MM may have his own reasons for creating delays to the process?For example in the Sunday Times on December 17 it said in an article about Pompey-"Ex-owner Milan Mandaric's departure to pursue other ventures involved the transfer of his remaining half share in the club to an offshore trust.Gaydamak(new owner) is still to pay the £8m price agreed last year"
If this is correct,and let's face it the Sunday Times is more likely to be correct than the Leicester Mandaric then there could be two reasons for MM wanting to delay.
1 He hasn't got the cash until he receives Pompey money .or
2 More likely he can't invest in any other club whilst he still has a shareholding in Pompey.Until he receives the money from Gaydamak he would still be a shareholder in Pompey.
So instead of blaming the board for everything how about looking further than the end of your very blue nose?

Fair call. Except the second argument is probably even more convoluted as in:

The FA won't act until they have proof; and
The Pompey holding company doesn't have to declare shareholdings until next October (although, some might plausibly suggest that the absence of any updating of the directors might indicate shareholdings in such a fraught negotiation); but
Gaydamak would probably refuse to pay anything if MM ever puts in a bid for Leicester, figuring MM would have more to lose.

 

[Redditch Fox]

on the subject of other offers, the 'rights issue' is the only one the FT have specified, maybe because the fans wouldn't like the sound of other options

Ground Share
Loans (further debt - gamble)
Sale of Several Assets

to name but a few that i am speculating are pottential 'options' if the foxes trust were to publicise these as options they would be slated even more. but for all we know the clubs situation could be so dire as to make these unsavory options realistic if the MM deal falls through.

i think some people interpreted 'options' to mean 'rival bids' which is something the foxes trust have never said. speculation on rival bids came from other sources.

You will notice that I referred to 'options' rather than 'rival bids'.

Unfortunately bids for a club like ours with the ground in hock - or at least bids that might provide significant additional resources - are going to be very thin on the ground. We all knew this.

If - and I fear it is when - the MM deal falls through, I would have thought that ground share was the most realistic option assuming the board take the view that a status quo situation isn't viable.