city-faithful
Well-Known Member
Or havent seen, perhaps this is a positive rumbling in the shareholder camp.......
Cautious backing for Mandaric's takeover
By Ian Griffin
Shareholders today said they were likely to back Milan Mandaric's £25million bid to buy Leicester City.
Investors said they would be willing to sell their stake to the multi-millionaire businessman if it was for the good of the club.
City's board, which met yesterday to discuss Mandaric's offer, are due to meet the Serbian-American to talk over the bid.
The 38 shareholders not on the board have not yet been given details of the bid, but are due to be briefed shortly.
Peter Hockenhull, of Great Glen, who owns 125,000 shares, said: "I think Mandaric can only be positive for the club.
"Whether he's here for five years or 10 years, he will leave it in a much more positive position. He certainly left Portsmouth in a stronger position.
"As far as I'm concerned, I will go with whatever's right for the club and the supporters. If that means me relinquishing my shares, I would do that."
Trevor Bennett, of Newtown Linford, the club's fourth-biggest shareholder with 350,000 shares, would not be drawn on Mandaric's bid, but said: "It's likely I'd go with the board's recommendation. But I may change my mind if I thought it was not in the interests of the club."
Peter Freer, of Rothley, who owns 50,000 shares, said: "You always have to be careful with these sorts of bids.
"We don't want someone to be here today and gone tomorrow. But I'm sure that most supporters and shareholders, when they have received the details, will probably say the bid is favourable."
Walter McRobie, of Cropston, who also owns 50,000 shares, said: "At this stage, I would be for it. But if there's the likelihood of a better bid with less strings attached than there's likely to be with Mandaric, that too may be worth looking at.
"I'd be happy to sell my shares at the figure I paid for them - £50,000."
Alison Nettleton, of Oadby, owns 25,000 shares and her father William is a director of the club's joint largest shareholder, Wigston property business Hammond Grange.
"I don't know much about him (Mandaric), but I just want what's best for Leicester City," she said. "I want them to do well and get into the Premiership."
There are 48 shareholders. The club has previously said there are 47 shareholders, but had not counted the one share owned by New York-based Teachers Insurance and Annuity Association, with whom City have a £15.9m loan for the Walkers Stadium. Teachers own only one share to give them access to information and documents restricted to shareholders.
Cautious backing for Mandaric's takeover
By Ian Griffin
Shareholders today said they were likely to back Milan Mandaric's £25million bid to buy Leicester City.
Investors said they would be willing to sell their stake to the multi-millionaire businessman if it was for the good of the club.
City's board, which met yesterday to discuss Mandaric's offer, are due to meet the Serbian-American to talk over the bid.
The 38 shareholders not on the board have not yet been given details of the bid, but are due to be briefed shortly.
Peter Hockenhull, of Great Glen, who owns 125,000 shares, said: "I think Mandaric can only be positive for the club.
"Whether he's here for five years or 10 years, he will leave it in a much more positive position. He certainly left Portsmouth in a stronger position.
"As far as I'm concerned, I will go with whatever's right for the club and the supporters. If that means me relinquishing my shares, I would do that."
Trevor Bennett, of Newtown Linford, the club's fourth-biggest shareholder with 350,000 shares, would not be drawn on Mandaric's bid, but said: "It's likely I'd go with the board's recommendation. But I may change my mind if I thought it was not in the interests of the club."
Peter Freer, of Rothley, who owns 50,000 shares, said: "You always have to be careful with these sorts of bids.
"We don't want someone to be here today and gone tomorrow. But I'm sure that most supporters and shareholders, when they have received the details, will probably say the bid is favourable."
Walter McRobie, of Cropston, who also owns 50,000 shares, said: "At this stage, I would be for it. But if there's the likelihood of a better bid with less strings attached than there's likely to be with Mandaric, that too may be worth looking at.
"I'd be happy to sell my shares at the figure I paid for them - £50,000."
Alison Nettleton, of Oadby, owns 25,000 shares and her father William is a director of the club's joint largest shareholder, Wigston property business Hammond Grange.
"I don't know much about him (Mandaric), but I just want what's best for Leicester City," she said. "I want them to do well and get into the Premiership."
There are 48 shareholders. The club has previously said there are 47 shareholders, but had not counted the one share owned by New York-based Teachers Insurance and Annuity Association, with whom City have a £15.9m loan for the Walkers Stadium. Teachers own only one share to give them access to information and documents restricted to shareholders.