Mandaric bid to be rejected

[Melton Fox]

the bid stinks and the club have every right to run him out of town.

Without the correct info and only what we have all read in the wrong places, it's starting to look like that.

I hope I'm wrong and I hope MM is being done a massive injustice. If so, he's probably sick to the back teeth and will feck off soon anyway

 

[From Gradel to Grave]

1. It looks like the £25 million is just what his cronies have leaked. Not what's on the table.

If that's the bid that's excellent.

1. Buy out existing shareholders for just under £5 million
2. Offer to lend the club up to another £20 million
3. Er, no, sorry, there isn't a 3. That's it.

If that's the bid that isn't.

 

[Durham Fox]

Sounds like its true if the Foxes trust are pointing people in that direction. If that's the case I am suprised its taking them so long to dismiss it.

 

[bocadillo]

Right.

The Foxes Trust have posted this on FoxesTalk:

etc., etc.

So the FT don't want to lose their comfortable position. Is anybody surprised?

If £5M is what the shares are worth, then that is what they are worth. At least we would then have an owner who knows how to run a football club!

 

[Durham Fox]

So the FT don't want to lose their comfortable position. Is anybody surprised?

If £5M is what the shares are worth, then that is what they are worth. At least we would then have an owner who knows how to run a football club!

and with some financial clout.

I'm confused about all this, so I'm, withdrawing my comment about the club taking so long to decide.

 

[From Gradel to Grave]

So the FT don't want to lose their comfortable position. Is anybody surprised?

If £5M is what the shares are worth, then that is what they are worth. At least we would then have an owner who knows how to run a football club!

Agree with that it's the loan that concerns me.

 

[Durham Fox]

Agree with that it's the loan that concerns me.

but very few 'owners' give their money away.

 

[bocadillo]

We have been there before, and nearly died as a result

And who looked after the pirse strings the last time we were there?

Enough said, I think.

 

[Real Sharapova]

Agree with that it's the loan that concerns me.

The last thing this club need is more debt.

 

[From Gradel to Grave]

but very few 'owners' give their money away.

Fair comment but the club doesn't need to be saddled with more debt.

My hope was that Mandaric would invest in us help us realise our potential and then - if that's happened - deservedly get his pay off when selling on his share of a club worth considerably more than when he joined.

 

[Durham Fox]

The last thing this club need is more debt.

Is anyone just going to stick their hand in their pocket and give us £xM??

 

[From Gradel to Grave]

The last thing this club need is more debt.

Great minds! :icon_wink

 

[Durham Fox]

Fair comment but the club doesn't need to be saddled with more debt.

My hope was that Mandaric would invest in us help us realise our potential and then - if that's happened - deservedly get his pay off when selling on his share of a club worth considerably more than when he joined.

to be fair I think thats cloud cuckoo land, for someone to do that they'd need to be a Billionaire. Know any knocking about?

 

[From Gradel to Grave]

His own people briefed the press that he was bidding to invest £25 million.

 

[Jeff]

Fair comment but the club doesn't need to be saddled with more debt.

My hope was that Mandaric would invest in us help us realise our potential and then - if that's happened - deservedly get his pay off when selling on his share of a club worth considerably more than when he joined.

I believe the money he put into Portsmouth was also loaned to the club.

While that may work if the team does well and we get promoted, if the team isn't successful we could end up back where we were 4 years ago.

 

[Durham Fox]

I believe the money he put into Portsmouth was also loaned to the club.

While that may work if the team does well and we get promoted, if the team isn't successful we could end up back where we were 4 years ago.

Only if he issued a winding up order or similar, is he likely to do that?

 

[EMC Fox]

His own people briefed the press that he was bidding to invest £25 million.

Even a loan would count as an investment.. wouldn't it?

 

[Durham Fox]

Even a loan would count as an investment.. wouldn't it?

Exactly, anything else is a gift....

 

[EMC Fox]

Exactly, anything else is a gift....

ooh.. that's what we need

 

[Durham Fox]

ooh.. that's what we need

and we will be waiting from now til eternity for it.