It looks as if city chairman Taylor and maybe other directors are holding out hoping that another offer on an investment only basis will come along so that they don't have to accept the Milan offer. As I have said many times it may be that these so called city fans are only interested in saving their own position within the club.
I suspect very few of them are true city fans at all, more like a bunch of boys with a new toy and they don't want anyone else coming along and taking it off them. They may yet cock it up........................
Article from the LM today.
Leicester City will put Milan Mandaric's takeover bid to their shareholders next week - but they are continuing to explore "alternatives."
City chairman Andrew Taylor, while confirming that Mandaric's offer is the only one on the table for consideration, says other as yet unconfirmed options may have to be looked at.
Taylor said: "The perception that this is the only option open to us is thoroughly misleading and extremely unhelpful.
"His (Mandaric's) is the only bid on the table, but you have to remember that we were out there talking to credible third parties about an investment in the football club, including existing investors.
"A week is a long time in football and I am pretty convinced that, in the next week or so, we will have alternatives.
"It should be said we have enjoyed very good discussions with Mr Mandaric, he is straightforward, very easy to deal with and has a very good track record as an owner of football clubs over the past 30 years.
"But we have to do the right thing for Leicester City's stakeholders, by that I mean supporters and investors, short and medium term.
"Hopefully, we will have more information in the next week or so and the shareholders will be polled on this (Mandaric's bid) in the next 10 days or so."
Mandaric's assertion yesterday that the shareholders will get all their investment back under his deal appeared to remove yet another obstacle to his £25million bid finding favor.
However, I understand it is the scheduling of the re-imbursement, either up front or in stages, which is one of the areas under discussion.
Whether any of those options mentioned by Taylor actually come to anything is impossible to verify, so shareholders will find themselves with a 'bird in the hand' scenario. The only "alternative" City could offer the shareholders would be another concrete bid, and that is unlikely.
Taylor said: "My expectation is that, at some stage over the next week or so, we will meet with Mr Mandaric again.
"He has made his bid, we have talked to him about the details of the bid, he is reflecting on what we said. I am sure he will call me soon.
"We are negotiating a potential deal and it is running in parallel with us scoping other options. We are at a delicate stage at the moment."
I suspect very few of them are true city fans at all, more like a bunch of boys with a new toy and they don't want anyone else coming along and taking it off them. They may yet cock it up........................
Article from the LM today.
Leicester City will put Milan Mandaric's takeover bid to their shareholders next week - but they are continuing to explore "alternatives."
City chairman Andrew Taylor, while confirming that Mandaric's offer is the only one on the table for consideration, says other as yet unconfirmed options may have to be looked at.
Taylor said: "The perception that this is the only option open to us is thoroughly misleading and extremely unhelpful.
"His (Mandaric's) is the only bid on the table, but you have to remember that we were out there talking to credible third parties about an investment in the football club, including existing investors.
"A week is a long time in football and I am pretty convinced that, in the next week or so, we will have alternatives.
"It should be said we have enjoyed very good discussions with Mr Mandaric, he is straightforward, very easy to deal with and has a very good track record as an owner of football clubs over the past 30 years.
"But we have to do the right thing for Leicester City's stakeholders, by that I mean supporters and investors, short and medium term.
"Hopefully, we will have more information in the next week or so and the shareholders will be polled on this (Mandaric's bid) in the next 10 days or so."
Mandaric's assertion yesterday that the shareholders will get all their investment back under his deal appeared to remove yet another obstacle to his £25million bid finding favor.
However, I understand it is the scheduling of the re-imbursement, either up front or in stages, which is one of the areas under discussion.
Whether any of those options mentioned by Taylor actually come to anything is impossible to verify, so shareholders will find themselves with a 'bird in the hand' scenario. The only "alternative" City could offer the shareholders would be another concrete bid, and that is unlikely.
Taylor said: "My expectation is that, at some stage over the next week or so, we will meet with Mr Mandaric again.
"He has made his bid, we have talked to him about the details of the bid, he is reflecting on what we said. I am sure he will call me soon.
"We are negotiating a potential deal and it is running in parallel with us scoping other options. We are at a delicate stage at the moment."
