Takeover Bid - Trust Update

[Dunc]

Its short term crap IMO. so we get a couple of million to spend on players. So what, what happens when that has gone. refinancing is a rockier road than MM as far as I can see.

We'd be in no more debt than we are now (apart from stadium its about £3-£4million which in football terms is pretty manageable) and in control of our own finances/destiny/payments etc etc, not on the whim of a serbian eccentric.

(he says playing devil's advocate)

 

[Durham Fox]

We'd be in no more debt than we are now (apart from stadium its about £3-£4million which in football terms is pretty manageable) and in control of our own finances/destiny/payments etc etc, not on the whim of a serbian eccentric.

(he says playing devil's advocate)

So they are doing what they always said they wouldnt to keep control. Borrowing.

 

[Dunc]

So they are doing what they always said they wouldnt to keep control. Borrowing.

Restructuring existing loans isn't borrowing any more so the club are in no way more unstable or not.

I've just restructured my mortgage so I pay less, it doesn't mean I'm now in greater danger of anything.

On that analogy, I'd rather restructure my mortgage with existing lenders rather than let a bloke i've never met before, pay it off with a loan of his own only for me to have to pay him anyway.

 

[Durham Fox]

Restructuring existing loans isn't borrowing any more so the club are in no way more unstable or not.

I've just restructured my mortgage so I pay less, it doesn't mean I'm now in greater danger of anything.

Thats not restructuring at all. restructuring means borrowing, fact.

 

[Durham Fox]

Restructuring existing loans isn't borrowing any more so the club are in no way more unstable or not.

I've just restructured my mortgage so I pay less, it doesn't mean I'm now in greater danger of anything.

On that analogy, I'd rather restructure my mortgage with existing lenders rather than let a bloke i've never met before, pay it off with a loan of his own only for me to have to pay him anyway.

Not even if he was buying the whole street and offering to make it a much nicer place to l;ive ensuring your house value went up? in turn offering you a vastly cheaper rate of interest? Oh and hed be there all the time so you could address issues with him directly rather than a call centre.

 

[PFKAKTF FOX]

We'd be in no more debt than we are now (apart from stadium its about £3-£4million which in football terms is pretty manageable) and in control of our own finances/destiny/payments etc etc, not on the whim of a serbian eccentric.

(he says playing devil's advocate)

Dunc, how serious are the current board, regarding additional investment by themselves and what is the purpose. Is it because they believe long term that they are best suited to running the club or is it In your opinion just to protect their current positions.

This is not a veiled dig at anybody, but if they are to act in the long term interests of the club and they truly believe that allowing the club into Mandaric's hands would be in effect playing Russian Roulette with it's very existance then surely they must reject his offer and seek to pursue other potential investment opportunites such as groundshare or approaching somebody like Martin George, David Ross and David Wilson to take the club forward.

 

[Dunc]

Thats not restructuring at all. restructuring means borrowing, fact.

Well in that case I've used the wrong word. Whatever the right word is for creditors/loaners to agree to let us make smaller payments for the same amount of credit so we have more cash in our pocket is what I meant.

Without taking out anymore loans.

 

[Jeff]

Restructuring existing loans isn't borrowing any more so the club are in no way more unstable or not.

I've just restructured my mortgage so I pay less, it doesn't mean I'm now in greater danger of anything.

On that analogy, I'd rather restructure my mortgage with existing lenders rather than let a bloke i've never met before, pay it off with a loan of his own only for me to have to pay him anyway.

Maybe they phoned one of the loan companies that advertise on daytime TV...

"I consolidated my debts into one low monthly payment" - yes, the monthly payment is lower because you're going to end up paying an extra 20 years for it...but our adverts are meant to appeal to stupid people who won't understand that.

 

[Jeff]

Maybe they phoned one of the loan companies that advertise on daytime TV...

"I consolidated my debts into one low monthly payment" - yes, the monthly payment is lower because you're going to end up paying an extra 20 years for it...but our adverts are meant to appeal to stupid people who won't understand that.

Not accusing Dunc of being stupid by the way, just suggesting what our board might have done...

 

[Durham Fox]

Well in that case I've used the wrong word. Whatever the right word is for creditors/loaners to agree to let us make smaller payments for the same amount of credit so we have more cash in our pocket is what I meant.

Without taking out anymore loans.

Its still additonal lending unless they are saying we will have £3m in 20 years time when we've saved up :icon_lol:

 

[SilverFox]

If there are no assurances over the future of the club then we must reject the bid. It is that simple.

 

[Dunc]

Dunc, how serious are the current board, regarding additional investment by themselves and what is the purpose. Is it because they believe long term that they are best suited to running the club or is it In your opinion just to protect their current positions.

This is not a veiled dig at anybody, but if they are to act in the long term interests of the club and they truly believe that allowing the club into Mandaric's hands would be in effect playing Russian Roulette with it's very existance then surely they must reject his offer and seek to pursue other potential investment opportunites such as groundshare or approaching somebody like Martin George, David Ross and David Wilson to take the club forward.

They believe that the current team is a young team that give or take a few players will develop over the next 2-3 years under RK into becoming a Premier League team.

SO they honestly think that with an extra £2-3 million to give RK, with Joe Magunda, Ashley Chambers, Eric Odihambo, Max Gradel, Louis Dodds coming through (plus others) to add to the youngsters we already have, we will be a force in this league.

They also think this is the best way forward for the club in its current financial state (unless MM comes in one form or another).

They also believe that this is the best way of sustaining ourselves in the PL, using a mixture of youth players and with the PL money being able to purchase some proven players as well.

That might be all bunkum but I can kind of see the logic. They genuinely believe this is for the benefit of the club and not personal gain/opinion.

For anyone who can find it, I posted similar a few weeks ago.

As for MG, he's the boards white knight, but no one knows what he's doing, David Wilson is best mates with the Bardon guy at Tigers, but he's not a City fan and is highly unlikely to put any significant money in as he's been asked 100's of times before and David Ross is just Lineker's mate with no real City connection (as I understand anyway).

 

[Jeff]

SO they honestly think that with an extra £2-3 million to give RK, with Joe Magunda, Ashley Chambers, Eric Odihambo, Max Gradel, Louis Dodds coming through (plus others) to add to the youngsters we already have, we will be a force in this league.

Certainly the under 18s form suggests we have some of the best young players in the country, and if 2-3 make it as top class players it could easily pay back the investment someone like MM makes. Maybe it's our youth team that's attracted him (IANGWOC).

 

[homer]

SO they honestly think that with an extra £2-3 million to give RK, with Joe Magunda, Ashley Chambers, Eric Odihambo, Max Gradel, Louis Dodds coming through (plus others) to add to the youngsters we already have, we will be a force in this league.
.

If they genuinely think that will be achieved in that way, then I genuinely believe that they are seriously delusional

 

[Durham Fox]

They believe that the current team is a young team that give or take a few players will develop over the next 2-3 years under RK into becoming a Premier League team.

SO they honestly think that with an extra £2-3 million to give RK, with Joe Magunda, Ashley Chambers, Eric Odihambo, Max Gradel, Louis Dodds coming through (plus others) to add to the youngsters we already have, we will be a force in this league.

They also think this is the best way forward for the club in its current financial state (unless MM comes in one form or another).

They also believe that this is the best way of sustaining ourselves in the PL, using a mixture of youth players and with the PL money being able to purchase some proven players as well.

That might be all bunkum but I can kind of see the logic. They genuinely believe this is for the benefit of the club and not personal gain/opinion.

For anyone who can find it, I posted similar a few weeks ago.

Its a very cosy idea but proven not to work, surely they must realise the odds of even one of those players actually making the grade as a Championship player let alone Premiership are slim, 2 unlikely and 3 about 10000-1??

 

[Durham Fox]

Certainly the under 18s form suggests we have some of the best young players in the country, and if 2-3 make it as top class players it could easily pay back the investment someone like MM makes. Maybe it's our youth team that's attracted him (IANGWOC).

You need to keep them though and they are struggling now.

 

[Melton Fox]

Joe Magunda, Ashley Chambers, Eric Odihambo, Max Gradel, Louis Dodds.

Personally, I'd be surprised if any sane business minds would base the future of a football club on these players. It is my guess that these will hardly ever feature in the starting line up for a city first XI, let alone plan the future around them.

If this is what the board refuse MM for, they need shooting

 

[PFKAKTF FOX]

They believe that the current team is a young team that give or take a few players will develop over the next 2-3 years under RK into becoming a Premier League team.

SO they honestly think that with an extra £2-3 million to give RK, with Joe Magunda, Ashley Chambers, Eric Odihambo, Max Gradel, Louis Dodds coming through (plus others) to add to the youngsters we already have, we will be a force in this league.

They also think this is the best way forward for the club in its current financial state (unless MM comes in one form or another).

They also believe that this is the best way of sustaining ourselves in the PL, using a mixture of youth players and with the PL money being able to purchase some proven players as well.

That might be all bunkum but I can kind of see the logic. They genuinely believe this is for the benefit of the club and not personal gain/opinion.

For anyone who can find it, I posted similar a few weeks ago.

Cheers Dunc, again I will reiterate, if the board truly believe that they are better suited to protect the long term interests of the club as opposed to Mandaric then regardless of individual financial gain they must reject the bid, however if they believe that Mandaric can provide the funding required to take the club forward whilst also ensuring the long term stability and security then they have no other option than to accept his offer and allow him to take control.

 

[Durham Fox]

Personally, I'd be surprised if any sane business minds would base the future of a football club on these players. It is my guess that these will hardly ever feature in the starting line up for a city first XI, let alone plan the future around them.

If this is what the board refuse MM for, they need shooting

Spot on. The most successfull youth side ever at Man U produced 5 or 6 players of the required class, are we saying our under 18's are even half as a good a side. Dillusional.

 

[fcukcov]

Its a very cosy idea but proven not to work, surely they must realise the odds of even one of those players actually making the grade as a Championship player let alone Premiership are slim, 2 unlikely and 3 about 10000-1??

If it did work on that basis crewe would be in the champions league............ or in the premier at the very least!