Milan offered ?3 million?

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homer said:
But at least they get their money back now :icon_roll :icon_roll :icon_roll
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To be honest I do not begrudge them getting out what they put in.
 
Jeff said:
Why?

MM has got far more money that the amount he's reported to be able to loan to us, he'll spend as much as he thinks he needs to spend.
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No one knows for certain what wealth he has to play with. Maybe the 25m was all he had to play with???
 
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Chrysalis said:
Jeff when has milan done this in his entire history? you have completely ignored his cv.
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When he took over Portsmouth in 1998 he promised them a new stadium. 8 years later they're still in the same shithole.

He had 9 different managers working for him at Portmsouth (including a couple of caretakers), only one of them was any good. So his record at appointing managers isn't great.

He may be great for us, he may be crap. Time will tell. But if people are going into this thinking he's the messiah they should be prepared to be disappointed.
 
Babylon said:
To be honest I do not begrudge them getting out what they put in.
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Agreed and now the real test is will they accept this? The money issue on buying out the share holders is no longer there so IMO it can only fail on how the board see the future of the club.
 
Jeff said:
When he took over Portsmouth in 1998 he promised them a new stadium. 8 years later they're still in the same shithole.

He had 9 different managers working for him at Portmsouth (including a couple of caretakers), only one of them was any good. So his record at appointing managers isn't great.

He may be great for us, he may be crap. Time will tell. But if people are going into this thinking he's the messiah they should be prepared to be disappointed.
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I am asking when has he brought a club, stripped it and then sold for short term profit. Which is what you keep telling everyone he might do.
 
Jeff said:
He may be great for us, he may be crap. Time will tell. But if people are going into this thinking he's the messiah they should be prepared to be disappointed.
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Very true.
 
Babylon said:
To be honest I do not begrudge them getting out what they put in.
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Me neither, what upset me was we kept hearing remarks about future concerns of the club when the real stumbling block was his valuation of the shares, all spin in the press and on here from the FT.

This extra 3 million may well come out of future transfer budgets so could leave the club worse off for the price of the current shareholders getting more money, it is possible tho manderic has confirmed the investment will remain the same or more.
 
Jeff said:
When he took over Portsmouth in 1998 he promised them a new stadium. 8 years later they're still in the same shithole.

He had 9 different managers working for him at Portmsouth (including a couple of caretakers), only one of them was any good. So his record at appointing managers isn't great.

He may be great for us, he may be crap. Time will tell. But if people are going into this thinking he's the messiah they should be prepared to be disappointed.
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I thought that he was not able to develope the ground, so it was not like he didn't try.

Yes he could be crap, but at least we know his history which is more than could be said about the other 'offers', and surely it is better than slowly drowning like we are now :102:
 
Chrysalis said:
I am asking when has he brought a club, stripped it and then sold for short term profit. Which is what you keep telling everyone he might do.
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I've not been saying that. I'm saying should have guarantees in place to secure the long term of the club, whoever takes over.
If MM gets hit by a bus the day after he takes over I'd want to know that the club would be in safe hands and wouldn't suddenly have to find the money he'd loaned us. I'd want assurances that if he's here for 5 years and we haven't been promoted he won't leave us in the lurch.
The fact is he got lucky with Portsmouth, by finally appointing a manager who did well for them, then when he wanted out he found someone to buy the club from them. He might not be so lucky with us, and it's how he'd react to failure that we need to be concerned about.
 
Jeff said:
When he took over Portsmouth in 1998 he promised them a new stadium. 8 years later they're still in the same shithole.

He had 9 different managers working for him at Portmsouth (including a couple of caretakers), only one of them was any good. So his record at appointing managers isn't great.

He may be great for us, he may be crap. Time will tell. But if people are going into this thinking he's the messiah they should be prepared to be disappointed.
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I'm sure your right, there are no guarantees.

But hopefully he has learned from his mistakes and should have no need to appoint a manager, maybe bring in a little help.

But at the moment the club is going nowhere and there is not a great deal of football knowlege on the board, the last 2 chairman have been largely anonymous.

Are profile will be greatly improved
 
Babylon said:
No one knows for certain what wealth he has to play with. Maybe the 25m was all he had to play with???
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That is an interesting question. If you look back at the end of his time at Portsmouth:

2004/5 he pulls £10 million out of the club
Jan 2006 he announces a surprise sale of half the club to Gaydamak
Autumn 2006 he announces a surprise sale of the other half.

One interpretation is that he was desperate for a lot of money, very quickly. For what - who knows - for none of his other speculations are common knowledge. But it could be that he has a lot less money than he sold Portsmouth for.

But against that - it would be easy enough to pay off the Teachers and re-borrow £16 million against the ground, meaning all he needs is the £6million for the shares and whatever he plans for players.
 
Dour said:
That is an interesting question. If you look back at the end of his time at Portsmouth:

2004/5 he pulls £10 million out of the club
Jan 2006 he announces a surprise sale of half the club to Gaydamak
Autumn 2006 he announces a surprise sale of the other half.

One interpretation is that he was desperate for a lot of money, very quickly. For what - who knows - for none of his other speculations are common knowledge. But it could be that he has a lot less money than he sold Portsmouth for.

But against that - it would be easy enough to pay off the Teachers and re-borrow £16 million against the ground, meaning all he needs is the £6million for the shares and whatever he plans for players.
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I read a report that said he received £32 million for the second half of Portsmouth - so I'm assuming he received the same for the first half, hence my comment about him having a lot more money than the £25 million he's been reported to have for us.
 
Chrysalis said:
Me neither, what upset me was we kept hearing remarks about future concerns of the club when the real stumbling block was his valuation of the shares, all spin in the press and on here from the FT.
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It hasn't been agreed. The real stumbling block could still be concerns about the future of the club.
 
Jeff said:
I've not been saying that. I'm saying should have guarantees in place to secure the long term of the club, whoever takes over.
If MM gets hit by a bus the day after he takes over I'd want to know that the club would be in safe hands and wouldn't suddenly have to find the money he'd loaned us. I'd want assurances that if he's here for 5 years and we haven't been promoted he won't leave us in the lurch.
The fact is he got lucky with Portsmouth, by finally appointing a manager who did well for them, then when he wanted out he found someone to buy the club from them. He might not be so lucky with us, and it's how he'd react to failure that we need to be concerned about.
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would you blame the manager/s if that happened over that period, or would you blame Milan for appointing them?
 
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