Re: Should MM's offer be accepted?

[Durham Fox]

Where have you heard that?

Nothing I've heard suggests the current owners will get any more back than they paid for it - which is effectively a loss as they've had capital tied up for 4 years when it could have been earning interest.

Does it matter where I've heard it?

 

[Jeff]

i thought they just put the money to save the club not to make money if that is the case then the FT thoughts that MM wants to make money is the same as we have now

MM is a businessman, not a charity. If he's buying the club as a business he should pay the going rate. Or if he gets it on the cheap he should pledge to put the money he's saved into the team - not as loans.
Those people who receive money for their shares may well put the money back into the club in other ways.

 

[Jeff]

Does it matter where I've heard it?

Yes, because that might help me decide whether to believe it.

 

[Durham Fox]

MM is a businessman, not a charity. If he's buying the club as a business he should pay the going rate. Or if he gets it on the cheap he should pledge to put the money he's saved into the team - not as loans.
Those people who receive money for their shares may well put the money back into the club in other ways.

Yeah right

 

[newtonfox]

MM is a businessman, not a charity. If he's buying the club as a business he should pay the going rate. Or if he gets it on the cheap he should pledge to put the money he's saved into the team - not as loans.
Those people who receive money for their shares may well put the money back into the club in other ways.

thanks jeff

but the poeple that put the money in where and always have been city fans and businessman/women

 

[Jeff]

So what happens if your man comes in and invests the same amount? It doesnt work out in the same way and the he wants his money back.

Depends how any alternative invests their money. If there's a new share issue of say £10 million shares to give someone a 65% stake in the club, all the money cold go into the team and as the money isn't loaned to the club the new investoer would only get money back if they sold their shares - and to do that the club has to be doing well if they want to get all their money back.

 

[Durham Fox]

Depends how any alternative invests their money. If there's a new share issue of say £10 million shares to give someone a 65% stake in the club, all the money cold go into the team and as the money isn't loaned to the club the new investoer would only get money back if they sold their shares - and to do that the club has to be doing well if they want to get all their money back.

Its cloud cuckoo land Jeff. Its not going to happen. Youll be standing down at Filbert Way on your own wondering where your football club went before that happens.

 

[newtonfox]

Depends how any alternative invests their money. If there's a new share issue of say £10 million shares to give someone a 65% stake in the club, all the money cold go into the team and as the money isn't loaned to the club the new investoer would only get money back if they sold their shares - and to do that the club has to be doing well if they want to get all their money back.

take his last club took them 5 years untill he got it back and they are still there now he's gone get him ASAP IMO

 

[Jeff]

Yeah right

Why not?

For example if the Foxes Trust have £150,000 in the bank I'm sure the majority will go back into the club, maybe in sponsorships etc. Why wouldn't some of the other shareholders do the same?

 

[Durham Fox]

Why not?

For example if the Foxes Trust have £150,000 in the bank I'm sure the majority will go back into the club, maybe in sponsorships etc. Why wouldn't some of the other shareholders do the same?

The FT is different, the have an obligation to do something 'appropriat' with the cash, although if they were wound up I beleive they sya the money would go to charity or a local project.

Outside of the FT I just cant see it.

 

[Jeff]

Its cloud cuckoo land Jeff. Its not going to happen.

I didn't say it was going to happen, but if someone who is a fan and has the money to put in it's one option they might have. If I win the Euromillions jackpot on Friday I'll gatecrash the shareholders meeting and make that offer myself. I suspect there's more chance of me shagging the pope though :icon_conf

 

[Durham Fox]

I didn't say it was going to happen, but if someone who is a fan and has the money to put in it's one option they might have. If I win the Euromillions jackpot on Friday I'll gatecrash the shareholders meeting and make that offer myself. I suspect there's more chance of me shagging the pope though :icon_conf

So you are quitely confident? :icon_lol:

If our hopes now rest on someone winning the lottery then I think the anti MM brigade have wrapped up their argument.

 

[newtonfox]

I didn't say it was going to happen, but if someone who is a fan and has the money to put in it's one option they might have. If I win the Euromillions jackpot on Friday I'll gatecrash the shareholders meeting and make that offer myself. I suspect there's more chance of me shagging the pope though :icon_conf

you never know till you ask :icon_conf :icon_conf :icon_cool :icon_lol:

 

[fcukcov]

I didn't say it was going to happen, but if someone who is a fan and has the money to put in it's one option they might have. If I win the Euromillions jackpot on Friday I'll gatecrash the shareholders meeting and make that offer myself. I suspect there's more chance of me shagging the pope though :icon_conf

You could just please yourself with a quick hand shandy over his new calender.

 

[Fox Fan]

So what happens if your man comes in and invests the same amount? It doesnt work out in the same way and the he wants his money back.

At the end of the day it all somes down to the small print of the terms. Im no corprate lawyer, and I don't know the in's and outs of the business world, but if it is an investment isn't that essentially 'giving money' to the club (like what happens down the road at Birmingham).

Where as a loan is money that will have to be paid back with intrest.

If i can give you an example of a similar situation to this. When BMW decided to kill off Rover everyone was saying 'oh no' etc etc. Eventually much like at Leicester some folk came out of the woodwork to save the company. The two main parties involved in trying to buy the company were 1)Phonix and 2)Venture Capitalist. Virtually everyone was in favour of Phonix at the time because they said no one would be sacked, but it turned out they were simply in it for themselfs - giving themselfs massive salarys and huge bonuses. Rover eventually went bust.
The venture capitalists would have made it work, because they would have not risked their money. Yes they would have made redundancies, but it would have been for the long term good of the company.

I feel this kinda applies to us now. MM is the popular choice, but is he right for the club?

 

[Melton Fox]

I didn't say it was going to happen, but if someone who is a fan and has the money to put in it's one option they might have. If I win the Euromillions jackpot on Friday I'll gatecrash the shareholders meeting and make that offer myself. I suspect there's more chance of me shagging the pope though :icon_conf

If I win it, I'm still shagging the pope

 

[Jeff]

So you are quitely confident? :icon_lol:

If our hopes now rest on someone winning the lottery then I think the anti MM brigade have wrapped up their argument.

I have never said I'm against MM taking over, so don't include me as part of the "anti MM brigade". All I've been saying (again and again...!) is that we should only accept his offer if there are guarantees about the future of the club if we're not successful. I don't want to end up deeper in debt because someone's spent a fortune on crap players, we've been through that once.

 

[OldGit]

I have never said I'm against MM taking over, so don't include me as part of the "anti MM brigade". All I've been saying (again and again...!) is that we should only accept his offer if there are guarantees about the future of the club if we're not successful. I don't want to end up deeper in debt because someone's spent a fortune on crap players, we've been through that once.

And I think that sums up the position of most of us on here who have been pointing out potential downsides and as a result are classed as "Anti-Mandaric".

 

[Motown Fox]

If it all goes through and Milan takes over will there be a version of below in 6 years time when we are settled in the Premiership I wonder?

http://www.youtube.com/watch?v=FPc4kUi-YAI&NR

 

[OldGit]

What, losing 1-0 at home to Bolton?