Foxes Trust

[Jeff]

Ugh

Well theres one.

And what makes you think that information was confidential?

That information was already in the public domain, having been reported in the Independent, with a quote from a shareholder.

 

[drew]

What that the bid was or wasn't £25 Million? Would it not been better if the FT and other people had kept stum. How do they know somebody wasn't going to come along and offer £26 Million?

Sources said the bid was £25 million.
FT etc say the bid isn't £25 million.

I don't deny both parties have misbehaved. My point was they are happy to slate MM and the media circus yet happy to confim/deny rumours on forums (not just this one).

Also if you can see how i voted i think the FT have done a good job, just the last two weeks appeared to give the impression of a hidden agenda and i am not the only one thinking it either.

 

[Jeff]

What that the bid was or wasn't £25 Million? Would it not been better if the FT and other people had kept stum. How do they know somebody wasn't going to come along and offer £26 Million?

Sources said the bid was £25 million.
FT etc say the bid isn't £25 million.

The FT was only saying what was already in the public domain, and had been reported by the Independent. So there was no danger that what the FT said would have jeopardised any other bid.

 

[drew]

Why get involved if the information is supposed to be confidential? Regardless of whoever else has said anything.

All the FT have done is confirm rumours that were in a newspaper. Until then they were just rumours.

Anyway off to bed now will check this out in the morning. NN

 

[Fox Fan]

Well MM was trying to mislead the fans into thinking he was offering far more than he was. I think the FT had a duty to put this right with the fans and within the media. At least that way we can see the bid for what it really is/was.

 

[DesertFox]

I voted "great" - I don't think they're actually "great", however I believe they're doing their best, they love our club and are prepared to invest their hard-earned time, so therefore they should be encouraged. Good on 'em, I say.

Not that I think for a minute that you could, but I would like to see some of you feckers try to do any better... :icon_evil

:icon_wink

 

[drew]

The price to buy the club and the ground will be around £22-23 million. It isn't far short of £25 million. Just because the board will only get the money for their shares is different. It will still cost MM £22-23 million to buy Leicester FACT.

MM didn't mislead anyone.

 

[Jeff]

The price to buy the club and the ground will be around £22-23 million. It isn't far short of £25 million. Just because the board will only get the money for their shares is different. It will still cost MM £22-23 million to buy Leicester FACT.

MM didn't mislead anyone.

It will cost him around £6 million to buy the club. FACT :icon_roll

*If* he then buys the stadium all he'll be doing is loaning the club money to do it, which he'll get back.

 

[Dour]

The price to buy the club and the ground will be around £22-23 million. It isn't far short of £25 million. Just because the board will only get the money for their shares is different. It will still cost MM £22-23 million to buy Leicester FACT.

MM didn't mislead anyone.

That's rather misleading. In the interviews MM has done, all he's said is that the club should own the ground. Which it does already. He's not said that he'll do any more.

And if he does take over the loan, putting in a directors loan at something like base +1, that's not wildly different from the debt at the moment now UK interest rates are at 5%. And if he's willing to take a bit of foreign exchange risk he should be easily be able to borrow that much at a lower rate in Euros, with a charge laid over the club as a whole.

 

[fox58]

I would think he would be looking at some point to re-coup all his investment the point has to be, 'what position the club will be in at that time' if he leaves us in a similar position to Pompey, what is the problem with him loaning the club money.
His intention must be for the club to progress or why would he invest in the first place.

 

[homer]

I would think he would be looking at some point to re-coup all his investment the point has to be, 'what position the club will be in at that time' if he leaves us in a similar position to Pompey, what is the problem with him loaning the club money.
His intention must be for the club to progress or why would he invest in the first place.

Because he is evil and not to be trusted

Come on you Leicester City Tigers.....!!

 

[Jeff]

I would think he would be looking at some point to re-coup all his investment the point has to be, 'what position the club will be in at that time' if he leaves us in a similar position to Pompey, what is the problem with him loaning the club money.
His intention must be for the club to progress or why would he invest in the first place.

Of course his intention is for the club to progress. But there are 24 clubs in this division all with the same idea, only 3 per season can go up.

He got lucky with Redknapp, and then again when he wanted out when they were struggling he got lucky that a dodgy bloke with loads of cash bought him out. I hope if he takes over he has the same kind of luck with us. And I hope it doesn't take him 4 years to make some progress, which is what happened at Portsmouth.

 

[drew]

It will cost him around £6 million to buy the club. FACT :icon_roll

*If* he then buys the stadium all he'll be doing is loaning the club money to do it, which he'll get back.

You are deliberately misinterpreting what I posted. You know what i meant. I clearly said it would cost £22-23 million to buy the CLUB & GROUND.

To buy the whole lot will cost £22-23 million.

 

[fox58]

Of course his intention is for the club to progress. But there are 24 clubs in this division all with the same idea, only 3 per season can go up.

He got lucky with Redknapp, and then again when he wanted out when they were struggling he got lucky that a dodgy bloke with loads of cash bought him out. I hope if he takes over he has the same kind of luck with us. And I hope it doesn't take him 4 years to make some progress, which is what happened at Portsmouth.

Lets hope he has learned from his mistakes and at 68 he will not won't to waite to long for his investment to show a good return

 

[Jeff]

You are deliberately misinterpreting what I posted. You know what i meant. I clearly said it would cost £22-23 million to buy the CLUB & GROUND.

To buy the whole lot will cost £22-23 million.

Not necessarily. If he buys the club for £6 million, then gets a loan from elsewhere to buy the stadium, it's only costing him £6 million, because he's buying the stadium with borrowed money.
It would be better for the club if he invested the money directly in the club rather than doing it as loans. He;ll still get it back- and more, if he's successful. By doing things with loans he's taking few risks himself.

 

[bocadillo]

Not necessarily. If he buys the club for £6 million, then gets a loan from elsewhere to buy the stadium, it's only costing him £6 million, because he's buying the stadium with borrowed money.
It would be better for the club if he invested the money directly in the club rather than doing it as loans. He;ll still get it back- and more, if he's successful. By doing things with loans he's taking few risks himself.

Why would it be better for the club? The club is surely taking the same risk wherever the money comes from.

 

[Jeff]

Why would it be better for the club? The club is surely taking the same risk wherever the money comes from.

If he lends the money to the club and he fails to do well, the club will be saddled with a debt, because we'll still have to pay back what he's lent the club.

If he puts money directly into the club and does well he'll still get his money back because the club will be worth more. But if he fails the club won't have the debt. So MM would be taking the risk, rather than the club.

 

[Dour]

Why would it be better for the club? The club is surely taking the same risk wherever the money comes from.

No. If the money is put in through equity, it's much harder to take out again - unless you sell the company or make consistent profits.

A loan can be pulled at any time.

So, if Mandaric put £19 million in through equity, the club could pay off the teachers, buy players and be in a really strong financial situation.

If Mandaric loans £19 million, our financial position is no better. If anything, it will look worse.

 

[Foxes_Trust]

I hardly venture onto this forum Jeff, but on FoxesTalk FT has avoided answering all recent questions put to him.

The website has not been updated, no results from the survey have been given to the membership and posts that have been made on FT have been nothing more than gossip and spin.

The radio interview did not use the right language (read his post) which is hardly appropriate.

You have no problem with the amount of feedback the Exec are giving you, fine...that is your perogative. Me? I'm pissed off and demand better.

Agreed we could have updated the website more often, fair point.

Members were given a week to respond, so responses are still being received, hence the results are incomplete so can't be published. It also takes time to compile a summary after receipt

Sorry Disco Bob, but during live interviews words can come out not always as intended however much care is taken, the media can also spin what is said to create a more interesting story.

Obviously you think we should go without sleep to respond to every fan within 24 hours, we do have full time jobs, which I need to get on with again now.

 

[homer]

Agreed we could have updated the website more often, fair point.

Members were given a week to respond, so responses are still being received, hence the results are incomplete so can't be published. It also takes time to compile a summary after receipt

Sorry Disco Bob, but during live interviews words can come out not always as intended however much care is taken, the media can also spin what is said to create a more interesting story.

Obviously you think we should go without sleep to respond to every fan within 24 hours, we do have full time jobs, which I need to get on with again now.

Good point - but next time you could perhaps be a little bit more condescending in making it.

You're almost there, but not quite