mandaric

[alex]

Purchase of the stadium will save £1,000,000+ in interest and mean that all ticket sales go to to the club.

If MM managed to sell Portsmouth to a rich Russian, i'm sure he would be able to sell Leicester.

Quite.

 

[Jeff]

Purchase of the stadium will save £1,000,000+ in interest and mean that all ticket sales go to to the club.

Where is the money coming from to buy the stadium?

If MM has got £20 million to spend and uses nearly all of it to buy the stadium the rest of the money might not make a huge difference to the team. And if he's coming in because he wants the club to have success he'll want to have an immediate impact. Putting the money into the stadium might be good for the long term future of the club (if he gives us the money, rather than loans it to us), but not for a businessman trying to get the team promoted.
If he spends £20 million on the team and it helps us get promoted, then it will be easier to pay for the stadium.


The way life works for most poeple and most companies is if you want to buy something major you'll pay for it over a long period. You want to buy a house, you get a mortgage. You want to buy a stadium, you do the same thing. That's what Arsenal are doing, that's what Liverpool will be doing. It's unusual for a club to have enough money to buy a new stadium outright. As I said before, we either need to be in the Premiership, so the stadium payments will be affordable, or we need to reduce the amount owing on the stadium (maybe by going halves with the Tigers). I think the only way a new owner would buy the stadium is if he could borrow the money on more favourable terms, so we'd still be paying for it.

 

[Foxes_Trust]

I don't think he'll re-negotiate this, I actually can him see negotiating to buy the stadium for the club. This will be the big comeback he will have when decides to leave. This will also give something to bargin with when he restructures our finances for the long term purpose of making us viable as a club and attractive to future buyers or investors.

Our understanding is that he walked away from Pompey with £20m. Buy 100% of LCFC shares & the stadium = already needing to find another £3m+ & that leaves nothing to spend on players.

MM is not a Russian billionaire, hence if he does come in for us, the Trust aims to meet with him to fully understand his financial plans & backing

 

[Foxes_Trust]

The answer has to be that the club will be better of, and so will we

Maybe not "we" financially, check Pompeys ticket prices !

 

[DesertFox]

The board needs a change but I think a more experienced management is needed for the club to progress.

Milan Mandaric has owned and ran seven football clubs in six different countries, and he himself played for Serbian first division side Novi Sad (source).

How much more experience do you want, exactly? :icon_conf

 

[Melton Fox]

I'm all for the MM take over, I have been from day one. As I have said before and Jeff just said above, the stadium has to be lower down on the scale than purchasing players, this is top priority for immediate impact and the business plan to move forward. A lot of successful businesses don't own their premises.

However, if ticket prices go up to £35 per game I won't be going. It doesn't mean it will be against the take over if it is right for City (ie games selling out at £35 per head), I will be happy for it go ahead as I still love the club. I just won't be going anymore

 

[glyn]

Milan Mandaric has owned and ran seven football clubs in six different countries, and he himself played for Serbian first division side Novi Sad (source).

How much more experience do you want, exactly? :icon_conf

Bring on Dave Bassett and Ken Bates!

 

[OldGit]

While I agree that he would be most unlikely to want to buy the stadium outright (the new ground at Portsmouth was clearly not his priority), I suspect that he, or any other prospective purchaser would want to change the existing arrangement. At the time of the original "tigershare" proposal it was stated that the Teachers Fund (who need long-term certainty in their investments and don't need this albertross round their necks) were inclined to sell for less than the projected value of the debt, in which case it would make good sense to borrow to buy. His credit worthiness is much better than the club's, and he clearly has access to borrowings on reasonable terms.

The existing arrangement means that each year the club is outside the premiership the debt increases, and only decreases slowly if promoted. There is a limit to how much debt the balance sheet can sustain. The whole point of the sort of operation MM would mount is to increase value and sell on, and a more normal "mortgage" arrangement would be vital in that.

With regard to ticket prices in the prem, it's supply and demand. Portsmouth have a clapped-out, high maintenance ground not much more than half the size of ours which sells out for virtually every game. Therefore it is not surprising if they charge a little higher for the cheapest seats than some other clubs. But I don't think that their average price is far out of line. Try Chelsea some time if you really want to make your eyes water.

 

[Dour]

Our understanding is that he walked away from Pompey with £20m. Buy 100% of LCFC shares & the stadium = already needing to find another £3m+ & that leaves nothing to spend on players.

MM is not a Russian billionaire, hence if he does come in for us, the Trust aims to meet with him to fully understand his financial plans & backing

That would be interesting. You do have to wonder just how much money MM is willing to invest given that there are suggestions that he was broke before Gaydermak came in and needed to sell. You can't see him putting everything he has into Leicester - which would still leave our budget some way behind some of the other players in this league.

 

[Mike - True Blue Tinter]

£35 is to watch Premiership football! Fulham's ticket prices go from £25 to £45. How much extra are you prepared to pay Melton to see the likes of Arsenal, Chelsea and Manchester United at our stadium. Average adult match tickets here are currently about £25 to see the Galacticos of Southend and Colchester!.

 

[homer]

Cheapest Pompey tickets are £27 actually

 

[Melton Fox]

£35 is to watch Premiership football! Fulham's ticket prices go from £25 to £45. How much extra are you prepared to pay Melton to see the likes of Arsenal, Chelsea and Manchester United at our stadium. Average adult match tickets here are currently about £25 to see the Galacticos of Southend and Colchester!.

I care more about My Wife and 3 children than watching the likes of them teams.

Unlike most football fans, I only have a certain amount of disposable income, so please forgive me for not being able to pay much more than I already am.

I't not a case of desire, it's a case of funding

 

[alex]

It's ok Melton, I will buy the club and give you a seat for £23. OK?

 

[Melton Fox]

It's ok Melton, I will buy the club and give you a seat for £23. OK?

Cheers Alex, I'll remember you in my will

To be honest, if tickets went above £30 and I had a greater disposable income, I'd rather spend it on going to gigs anyway

 

[Boy Genius]

£35 is to watch Premiership football! Fulham's ticket prices go from £25 to £45. How much extra are you prepared to pay Melton to see the likes of Arsenal, Chelsea and Manchester United at our stadium. Average adult match tickets here are currently about £25 to see the Galacticos of Southend and Colchester!.

Feck all extra, I pay to see LCFC and I could not give a shit who they are playing. Do they charge extra to see us?

 

[OldGit]

For the novelty value perhaps. Or in the hopes of setting a new record score?

 

[Bilborough Fox]

Our understanding is that he walked away from Pompey with £20m. Buy 100% of LCFC shares & the stadium = already needing to find another £3m+ & that leaves nothing to spend on players.

MM is not a Russian billionaire, hence if he does come in for us, the Trust aims to meet with him to fully understand his financial plans & backing

If you think logically about it what other high value assets have we got. The stadium will give the club something of value. Then the team can be built up with the savings on the lease and the increase in prices. Possibly also getting a financal package to build the club forward because of it's assets.

 

[NN Fox]

Why would MM want to buy lcfc? He's not a Jack Walker or a Steve Gibson who is willing to give his cash to his football club and he's not an Abromovic with bottomless pockets. He's a reasonably wealthy businessman looking to make some money. If, along the way, he can get a bit of limelight and adulation and indulge a love of football, then that is a bonus for him. I'm not saying I don't want him but any club needs to be carefull when somebody gets invoved for profit. If it doesn't work out fairly quickly then he will almost certainly take his money back and run leaving us deeper in the shite than we are now. Plenty of rich men have sunk fortunes into football clubs with very little success, see Jack Hayward and Wolves. On the other hand there are examples of well run clubs getting success with little in the way of financial backing, see Charlton and Leicester in a previous life. Accepting the Mandaric money could easily turn in to a millstone round our necks.

 

[bocadillo]

Feck all extra, I pay to see LCFC and I could not give a shit who they are playing. Do they charge extra to see us?

Birmingham did!

 

[Melton Fox]

Why would MM want to buy lcfc?

He's a reasonably wealthy businessman looking to make some money.

I think you answered your own question in the same paragraph