Cats, pigeons and Teacher's....

Log in to stop seeing adverts

Status
Not open for further replies.
TBF, I don't think many boards would have had experience of dealing with someone like MM. You have to hand it to him, he had the PR side of things stitched up from day one.

I would say from day minus 4 or 5, recalling the earlier rumours
 
What's the latest then? Where is mad biker when you need him?

Does anyone know what's happening?
 
RL are reporting that DD is over and the club are waiting for MM to put in his final offer now.
 
RL are reporting that DD is over and the club are waiting for MM to put in his final offer now.

Strap yourselves in as this is where the fun starts. ;)
 
From the BBC rumours page today we have:

Milan Mandaric has made a final £25m bid to take control of Leicester City. (Various)

And from the Mercury we have this:

Contracts needed to clinch a City deal

Milan Mandaric can, in theory, revise the terms of his proposed takeover of Leicester City as many times as he wants, a leading accountant revealed today.

As reported in yesterday's Leicester Mercury, the business tycoon has changed his offer for City, although it still amounts to £25million.

The club's shareholders now have to decide whether to accept the new terms six weeks after giving the go-ahead to Mandaric's initial approach.

The new terms form part of the "heads of agreement" (also known as heads of terms), a legal expression used to describe a document which outlines a proposed deal. Although this agreement is not usually legally binding, in some circumstances it can be.

But a takeover will not actually take place until contracts between Mandaric and City are exchanged.

Steve King, partner at Leicester accountancy firm PKF, said: "In theory you can revise your heads of terms until the cows come home, but both sides have to agree to do it."

He said the revised terms could relate to a wide range of issues, including the ownership of the stadium.

"He could put in all sorts of additional terms," said King.

Mandaric wants the deal to be completed as soon as possible, but there are now real concerns it will not be concluded before the start of the January transfer window on Monday.

The shareholders could also reject the revised terms, or ask for more time to consider them, delaying the process still further.
http://www.thebluearmy.co.uk/details.asp?back=true&key=1D29|0|2185366269754|R|536|54462329122006378534431&parentkey=1D29|0|2185366269754|p|536|0


I don't think there's really much new in there. I didn't know that he could still keep changing it, but it's not really news. Although does mean this could still drag on eeeeeven longer if he does change it! But I think the only time he would be changing it now is if the terms weren't going to be accepted.

I read somewhere that Milan wants the offer accepted within 2 weeks so he has some time before the end of the January transfer window. I thought it was in that article, but maybe not..
 
From the BBC rumours page today we have:



And from the Mercury we have this:


http://www.thebluearmy.co.uk/details.asp?back=true&key=1D29|0|2185366269754|R|536|54462329122006378534431&parentkey=1D29|0|2185366269754|p|536|0


I don't think there's really much new in there. I didn't know that he could still keep changing it, but it's not really news. Although does mean this could still drag on eeeeeven longer if he does change it! But I think the only time he would be changing it now is if the terms weren't going to be accepted.

I read somewhere that Milan wants the offer accepted within 2 weeks so he has some time before the end of the January transfer window. I thought it was in that article, but maybe not..

Try this post. ;)
 
Now that MM has bought the club and we all know that the board members, share holders or the trust have tried to line there pockets from the sale of city.
I assume everyone will be making a massive apology for all the accusations that where made.
 
Status
Not open for further replies.
Log in to stop seeing adverts

Championship

P Pld Pts
1Leicester4697
2Ipswich4696
3Leeds Utd4690
4Southampton4687
5West Brom4675
6Norwich City4673
7Hull City4670
8Middlesbro4669
9Coventry City4664
10Preston 4663
11Bristol City4662
12Cardiff City4662
13Millwall4659
14Swansea City4657
15Watford4656
16Sunderland4656
17Stoke City4656
18QPR4656
19Blackburn 4653
20Sheffield W4653
21Plymouth 4651
22Birmingham4650
23Huddersfield4645
24Rotherham Utd4627

Latest posts

Top