Foxes Trust Receive Bid Document!

[Leesoh]

Due to the confidential nature of each meeting, as outlined by the organisers in both cases the Trust Board cannot reveal in any greater depth the content of each meeting at this time.

It's never stopped them in the past.....

 

[Babylon]

The have never said they're against MM's bid, just that they wanted certain assurances before they could accept it, just like many of us on here who wouldn't just hand the club over without knowing what he was planning to do.

Stop trying to be rational Webbo it'll never work on here!!!!! :icon_wink

 

[Babylon]

It's never stopped them in the past.....

What exactly have they given away before then?

 

[Boy Genius]

Due to the confidential nature of each meeting, as outlined by the organisers in both cases the Trust Board cannot reveal in any greater depth the content of each meeting at this time.

Do the Board of the Trust have an observer present too in such meetings?....

 

[Lako42]

the ticker at the top of the page says the foxes trust are backing the bid

 

[Babylon]

Following recent confirmation from the Foxes Trust Board that they had received the relevant paperwork from Leicester City FC regarding the Milan Mandaric takeover bid, the Trust Board has today released the following statement.

The Foxes Trust Board has today signed and submitted to the Leicester City FC Board the irrevocable undertaking documentation to sell its shares to UK Football Investments, LLC (the organisation created by Milan Mandaric to own LCFC).

Trust Board Member Matt Davis commented "Until now the Trust has always stated we were neither for nor against the takeover by Milan Mandaric & wanted to view the final bid detail before making any commitment. At the same time we also wanted to make sure all other options had been fully considered, just as we did when there were rival consortiums seeking to take the club out of administration a few years ago”

"The loss of parachute payments & falling attendances will, inevitably, mean the club urgently needs additional investment to be competitive in the Championship or risk losing our proud record of never being below 2nd tier football."

Chairman Ian Bason stated “We have now concluded the Milan Mandaric bid offers the best short & medium term option for Leicester City Football Club to play competitive football at the highest possible level, in particular his years of experience of running a number of clubs is not matched by the board which has ran the club in recent years”

“In our view the deal proposed by Mandaric is currently the only viable option for taking Leicester City Club forward. Ideally we would have liked to have had assurances on the issues we raised directly with Mandaric's representatives prior to the EGM in November before giving our support. However securing the deal is now of the utmost priority & urge all connected with the club and Mandaric’s representatives (even if the required % of shareholders support is not achieved initially) to ensure this prevails. Following the conclusion of the takeover we will then will be seeking to work closely with Mandaric to resolve the longer term issues we have raised.”

 

[Ox Fox]

 

[drummindefender]

where now for the ft?

 

[Babylon]

where now for the ft?

Who cares.

Maybe people who slagged them off, when quite frankly it was mostly unwarranted would like to apologise?

 

[Graz]

where now for the ft?

The advisory board or whatever it is...


They don't/shouldn't need to own a stake in the club to try and get the fans interests and views across.

 

[Michael_J_Fox]

apologise? no way.

they were never going to oppose it once they realised that their beloved "alternatives" had failed.

hanging on by the skin of their teeth now.

all aboard the milan rollar coaster folks!

 

[Cate Fox]

think you might be waiting a long time for that to happen B...

 

[Babylon]

apologise? no way.

they were never going to oppose it once they realised that their beloved "alternatives" had failed.

hanging on by the skin of their teeth now.

all aboard the milan rollar coaster folks!

Sorry what proof do you have of any "beloved" alternatives?

As far as i'm concerned they are the only ones who have been consistent with the truth all the way through.

 

[Babylon]

think you might be waiting a long time for that to happen B...

I know, I don't expect one to be honest.

No doubt there will be the usual rubbish spouted "only did it to save their cushy positions" etc.

:icon_roll

 

[Durham Fox]

The have never said they're against MM's bid, just that they wanted certain assurances before they could accept it, just like many of us on here who wouldn't just hand the club over without knowing what he was planning to do.

.......but in the end backed the bid anyway without really knowing :icon_lol:

 

[Michael_J_Fox]

they only did it to save their cushy positions and vol eu vants

 

[Jeff]

.......but in the end backed the bid anyway without really knowing :icon_lol:

Maybe because the alternative is even worse than not knowing

 

[Michael_J_Fox]

The big A i believe, Jeff

 

[Durham Fox]

Maybe because the alternative is even worse than not knowing

which is precisely what we have been saying

 

[Babylon]

.......but in the end backed the bid anyway without really knowing :icon_lol:

At least they tried!!! They know as well as we all do that without it we are pretty much fecked, and without any alternative bid to consider there was no real choice other than this.