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At Administration the rules change. what was paid isn't what the club was worth, but what was needed to get the club running again. the £6million? paid to get us out of admin could be more than the market value of the assets at the time.
 
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Chrysalis said:
Foxes trust you at it again, you said you was been negative earlier due to inaccurate reporting and then for a short time your attitude improved been more neutral, yet here you are again been very negative towards manderic. Its for this reason people think you are a joke and suspect you are part of the spanner in the works with you trying to keep your position at the club alongside tim davies and co trying to keep their salaries intact.
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As long as Bill Anderson & the Mercury keep quoting a £25m figure, we have to keep correcting this. If they stop using it & mis-leading fans, then we wouldn't have the need to correct it. Have a go at the Mercury not us.

If you look in last night's edition, another shareholder has been equally critical of it's continued use and the Merc editor clearly states in response that £16m of the £25m relates to the stadium debt.

So as an example, if MM plans to maintain the Teachers arrangement (assuming that they are happy to do so), then any figure relating to the stadium is irrelevant with the status quo maintained of the current financial set up.

Anyway how are we being negative when we are looking at the initial indictative offer document & it doesn't mention or add up to that £25m figure? We are stating facts.

As we have said a number of times, we will support the bid if once the legal document is received we feel it is the best way forward & hope that the offer is such so that we can.
 
Foxes_Trust said:
As long as Bill Anderson & the Mercury keep quoting a £25m figure, we have to keep correcting this. If they stop using it & mis-leading fans, then we wouldn't have the need to correct it. Have a go at the Mercury not us.

If you look in last night's edition, another shareholder has been equally critical of it's continued use and the Merc editor clearly states in response that £16m of the £25m relates to the stadium debt.

So as an example, if MM plans to maintain the Teachers arrangement (assuming that they are happy to do so), then any figure relating to the stadium is irrelevant with the status quo maintained of the current financial set up.

Anyway how are we being negative when we are looking at the initial indictative offer document & it doesn't mention or add up to that £25m figure? We are stating facts.

As we have said a number of times, we will support the bid if once the legal document is received we feel it is the best way forward & hope that the offer is such so that we can.
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We know that you can't go into detail but what is holding everything up and is the media speculation that it is all falling apart factual.

Are all parties still at the table and when can we expect to ehar something.
 
Chrysalis said:
Regarding the 25 million - If we take the stadium out the equation and assume promotion can be done at the end of 'next' season then I reckon he would have the following costs.

4-6 million cover shortfall in current operating budget and avoid having to sell players.
5 million transfer funds and increases in wages.
3 million initial payment to shareholders.
2 million to pay off kelly and employ new manager

FT and others only see the value of the shareholding as the amount of the takeover why? maybe this is all they are interested in, to everyone else what he needs to invest is the cost of him doing the takeover.
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Not at all, we don't feel figures relating to the stadium are relevant, but the money required to cover losses & funding the playing squad is actually more important than shareholders getting their money up front.

We are happy with a delayed payment to shareholders as long as sufficient legal guarantees are in place covering those payments & that would certainly be more of a sticking point for some shareholders if they weren't in place.
 
Foxes_Trust said:
Not at all, we don't feel figures relating to the stadium are relevant, but the money required to cover losses & funding the playing squad is actually more important than shareholders getting their money up front.
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You might not think its relevant but if i was taking on 16 millions pounds worth of secured debt i'd find it bloody relevant.
 
SilverFox said:
We know that you can't go into detail but what is holding everything up and is the media speculation that it is all falling apart factual.

Are all parties still at the table and when can we expect to ehar something.
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Known
- Trying to get to an offer from MM which the LCFC board feel the shareholders will accept, they don't want to put forward one they feel will be rejected.

Suspect

- From MM's sides comments in the media over the last 2 days, we suspect he is now planning a revised reduced offer

- The £8m MM has not obtained from the Pompey deal yet must limit what he can commit to our deal in the short term (and that's ignoring any fear of breaking FA rules on dual ownership), so delaying the process currently may be desirable from his viewpoint (remember he wanted to retain the money within UK football, so the £8m must be part of the funding for us)
 
Well all I can say is that this is getting very silly. The month is nearly out and we have no offer yet. Just how much negotiation is taking place because it seems as though nothing has happened.
 
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SilverFox said:
Well all I can say is that this is getting very silly. The month is nearly out and we have no offer yet. Just how much negotiation is taking place because it seems as though nothing has happened.
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Seems as if MM is coming up short with the readies IMO.
 
so whose fault are these hidden debts? milans?

don't think so do you?

and how awfully inconveniant this delay is for those that earn 6 figure salaries who could lose their jobs if MM takes over


read between the lines people!!
 
FlippinFoxInnit said:
so whose fault are these hidden debts? milans?

don't think so do you?

and how awfully inconveniant this delay is for those that earn 6 figure salaries who could lose their jobs if MM takes over


read between the lines people!!
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What hidden debts? There aren't any, just like there are no brain cells in Bill Anderson's bonce.
 
Macky said:
It's reading between the lines that leads to people making up random bullshit that other people then take on as fact.
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That is so true. In fact it is the only concrete "truth" to have come out of this takeover process so far. ;)

I am quite happy to close all takeover and MM related threads if that is the Public mood. ;)
 
Macky said:
It's reading between the lines that leads to people making up random bullshit that other people then take on as fact.
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Hooray!!!!!! Someone speaks sense!! :)
 
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