Mandaric bid to be rejected

[PFKAKTF FOX]

But surely the shareholders should do the same and not conduct the clubs dealing in this matter in the media. This was done as well to get the fans to turn as most of them are well in favour of the MM bid as now. He's the only one who has openly put his bid in and revealed to the public what it is. The one only thing we don't know what his terms are.

I have criticised the shareholders for going to the media, I don't agree that the negotiations should be conducted via the public domain. But neither do I agree that the board and shareholders should be villified for having concerns as to the long term intentions and the detail of the bid.

None of us know the content of Mandaric's bid so to start forming opinion is naive, what we have to hope is the board armed with all the facts and figures make the best decision for Leicester City Football Club, I am afraid that us as fans will rightly have no influence in this decision.

I would not be surprised however, following this development today, if more information regarding the other consortiums start to surface in the next day or so regarding who is involved and possibly even an announcement to state that they have submitted rival offers.

 

[Real Sharapova]

He hasn't revealed what it is. He's had cronies leak £25 million and it now seems apparent it isn't.

Also how much of the supposed £25 million is backed by loans?

 

[OldGit]

As I said at the start of this, any high-profile bid for a company, especially where there are rival bids, will result in this knind of thing. Those saying "keep your cool, we don't know anything" are right. There are a lot more humps on this roller coaster yet.

Read the story again. They have a reaction from "an influential shareholder". Doesn't say he or she is one of the largest, or a board member either. "influential" could mean one of the largest (but still a small percentage) or someone who'se views are respected by others. It also quotes him/her as saying the shareholders are not out to make money, implying that they would like to see their original stakes back.

It seems quite likely that at least one shareholder would have some involvement with the "Midlands Consortium", possibly even with the un-named American groups, which would provide a motive for wanting to damp down enthusiasm for the first bid in.

 

[Bilborough Fox]

I have criticised the shareholders for going to the media, I don't agree that the negotiations should be conducted via the public domain. But neither do I agree that the board and shareholders should be villified for having concerns as to the long term intentions and the detail of the bid.

None of us know the content of Mandaric's bid so to start forming opinion is naive, what we have to hope is the board armed with all the facts and figures make the best decision for Leicester City Football Club, I am afraid that us as fans will rightly have no influence in this decision.

I would not be surprised however, following this development today, if more information regarding the other consortiums start to surface in the next day or so regarding who is involved and possibly even an announcement to state that they have submitted rival offers.

I just think that it would have been nice if all the negotiation where done at boardroom level and not in public. Don't see a problem in someone revealing themselves as a potential bidders, if fact it would be very interesting if the other 3 bidders revealed themselves. The terms and negotiation should then be discussed at boardroom level and let us fans know what's going on when appropiate. Sure the board in general has the club interests and longevity at heart.

 

[Graz]

Read the story again. They have a reaction from "an influential shareholder". Doesn't say he or she is one of the largest, or a board member either. "influential" could mean one of the largest (but still a small percentage) or someone who'se views are respected by others. It also quotes him/her as saying the shareholders are not out to make money, implying that they would like to see their original stakes back.

Could also mean that The Guardian are just trying to make their source sound more reliable Doesn't sound very good saying "The guy with the least shares in the club who nobody listens to, or even knows the name of, told us that he doesn't think the Mandaric offer is any good..



Everyone needs to calm down, because as has been said, we don't know what the details are, and the board could be making the right decision in turning it down (if they even are, it's only come from 1 source so far that they are). Of course, people calming down and reserving judgement is extremely unlikely, especially as we probably won't hear anything else new today so people have nothing else to talk about, so obviously this arguing between people saying calm down and people thinking the board are idiots will just carry on all day, regardless of what I or others say.

As you were then...

 

[OldGit]

OOOOmmmmmmmmmmmmmmmmmmmm

 

[Graz]

I just think that it would have been nice if all the negotiation where done at boardroom level and not in public. Don't see a problem in someone revealing themselves as a potential bidders, if fact it would be very interesting if the other 3 bidders revealed themselves. The terms and negotiation should then be discussed at boardroom level and let us fans know what's going on when appropiate. Sure the board in general has the club interests and longevity at heart.

I really, really wish that we could find out who the other 3 parties are. Would definetely be interesting. And then people could hopefully stop thinking it's Mandaric or bust.

Can't see us finding out who they are until they make an official bid though, and maybe not even then.

 

[1966]

If I was a shareholder, who had spent my own or my companies money keeping the club afloat when no fecker else could be bothered to stick their hand in their pocket, I would be quite happy to sell to someone who was better placed to advance the club forward, but their is no way I would accept less than I originally invested.

 

[Graz]

If I was a shareholder, who had spent my own or my companies money keeping the club afloat when no fecker else could be bothered to stick their hand in their pocket, I would be quite happy to sell to someone who was better placed to advance the club forward, but their is no way I would accept less than I originally invested.

Yep, that's the thing. People say "if they were true fans" that they would just give the club away almost.

Without these people we wouldn't have a club. They've stabilised us and managed to turn us into a good investment oppurtunity. There reward for that should'nt be losing money that they put in. Obviously it's best for the club that it gets bought for a tiny amount, but the people who gave money to rescue the club deserve more than that.


I do think that the current board/shareholders, for the most part, care about getting a good deal for the club, but at the same time they shouldn't have to lose out on a lot for that. Andrew Taylor said when he became chairman that he was looking for a takeover and he would happily be the shortest reigning chairman in history if someone made a good offer. I (perhaps naively) genuinely believe that to be true.
If Mandaric really wants us, he'll come back with a better offer.

 

[Chrysalis]

If you read the article it says (Qoute) but sources close to the deal insist the bid is significantly less than the £6.6m invested to rescue the Championship club from collapse four years ago.This may mean that he has only offered to buy out the shareholders at less than they paid and hasn't offered anything for the ground and also has made no specific gaurantees about what he will invest. I think that we shouldn't be blinded here by the pound signs and let the board do their job. As for the comment about speaking with the press, isn't that what MM is doing?

We keep been told these guys are heroes and dont care if they dont get their money back, clearly not.

 

[1966]

I don't really have a problem with what has been said, although perhaps the timing it a little off being so soon after the initial bid. "There is also concern that Mandaric's proposal does not contain guarantees about the long-term future of the club" is the part that struck me, forgetting about whether the shareholders get their money back or not, we surely can't accept a bid from someone who doesn't spell out what he's going to do with the club in the future.

This is my only concern.

If we were to find ourselves financially embarrassed again a few years down the line I doubt if so many local people would be so willing to save the club again.

We MUST gaurantee the long term future of the club in any deal to sell the club.

 

[KLFox]

it may just be the guardian's shareholder actually is no one.

I work in a job where we are stated as saying a spokeperson for the .... said this.

In fact we said no such thing.

The Guardian is a newspaper and not all newspapers always tell the truth. It would not be worth reading if they always did.

 

[Chrysalis]

you cant garuantee anything in football, if I bid for leics even tho I am a life long fan I certianly wouldnt be dumb enough to garuantee the club doesnt die.

 

[Leigh]

Being as it's business of course nothing is certain, however I'd still like assurances such as:

- he won't move the club out of the city
- he won't sell the ground to the Tigers
- he won't demand all his money back, citing it as 'just a loan' after a few seasons of mediocraty

etc.

 

[Real Sharapova]

Being as it's business of course nothing is certain, however I'd still like assurances such as:

- he won't move the club out of the city
- he won't sell the ground to the Tigers
- he won't demand all his money back, citing it as 'just a loan' after a few seasons of mediocraty

etc.

Which is possibly what the board are asking.

 

[PFKAKTF FOX]

Being as it's business of course nothing is certain, however I'd still like assurances such as:

- he won't move the club out of the city
- he won't sell the ground to the Tigers
- he won't demand all his money back, citing it as 'just a loan' after a few seasons of mediocraty

etc.

And the new investors ensure that the club is not left with debts that they cannot manage should the investment be removed. And can be self financing.

 

[Real Sharapova]

We keep been told these guys are heroes and dont care if they dont get their money back, clearly not.

They should get their money back, no more, no less.They have helped turn this club from a basket case to an attractive take-over target.

 

[bocadillo]

They should get their money back, no more, no less.They have helped turn this club from a basket case to an attractive take-over target.

They should get back what the club is worth - no more, no less. If the value of the club has increased in their stewardship, they should gain from the fact - if the value of the club has gone down, they should suffer the loss.

 

[homer]

They should get back what the club is worth - no more, no less. If the value of the club has increased in their stewardship, they should gain from the fact - if the value of the club has gone down, they should suffer the loss.

So they get three beans each and a used bottle top, then

Bit harsh, really......

 

[Darth Vodka]

he won't sell the ground to the Tigers
.

he can't sell the ground unless be buys it first