Takeover Latest !

[Lako42]

You are not seeing the point I'm making though.

thats all i am going to be saying on this matter.

 

[Redditch Fox]

Think about it guys, it takes an average 8-10 weeks to move house. We are talking about legal and financial mine fields to go through. No offence to anyone who works in the industries but legal and financial people are renowned for dragging their feet when it comes to getting anything sorted, it is how they make their money!

I don't think the subject itself is boring - only when people just repeat the same comments.

The issue of the time taken to move house is not relevant. To start off with if there is sufficient imperative and professionals spending the time - a house purchase can be conducted very quickly indeed.

I think the primary problem here is likely to be more about putting together a deal that will satisfy 90% of shareholders and the secondary problem that I suspect that there is not entirely commonality of purpose amongst all the parties.

Whilst the board - may be agreed to sell in principlehowever, they do have a responsibility to recommend that on terms that are defensible to other shareholders....and acknowledging that the club is more or less financially a liability as things stands, has a board and management that is not fit for purpose and should be handed over to MM for next to nowt may be difficult for them to handle. Then there are those who have played a weasal game throughout the whole process - and I will not engage in repetition by going there today. The fun will start there if and when the deal aborts - as I have always feared and expected.

 

[alex]

I don't think the subject itself is boring - only when people just repeat the same comments.

The issue of the time taken to move house is not relevant. To start off with if there is sufficient imperative and professionals spending the time - a house purchase can be conducted very quickly indeed.

I think the primary problem here is likely to be more about putting together a deal that will satisfy 90% of shareholders and the secondary problem that I suspect that there is not entirely commonality of purpose amongst all the parties.

Whilst the board - may be agreed to sell in principlehowever, they do have a responsibility to recommend that on terms that are defensible to other shareholders....and acknowledging that the club is more or less financially a liability as things stands, has a board and management that is not fit for purpose and should be handed over to MM for next to nowt may be difficult for them to handle. Then there are those who have played a weasal game throughout the whole process - and I will not engage in repetition by going there today. The fun will start there if and when the deal aborts - as I have always feared and expected.

 

[PFKAKTF FOX]

I don't think the subject itself is boring - only when people just repeat the same comments.

The issue of the time taken to move house is not relevant. To start off with if there is sufficient imperative and professionals spending the time - a house purchase can be conducted very quickly indeed.

I think the primary problem here is likely to be more about putting together a deal that will satisfy 90% of shareholders and the secondary problem that I suspect that there is not entirely commonality of purpose amongst all the parties.

Whilst the board - may be agreed to sell in principlehowever, they do have a responsibility to recommend that on terms that are defensible to other shareholders....and acknowledging that the club is more or less financially a liability as things stands, has a board and management that is not fit for purpose and should be handed over to MM for next to nowt may be difficult for them to handle. Then there are those who have played a weasal game throughout the whole process - and I will not engage in repetition by going there today. The fun will start there if and when the deal aborts - as I have always feared and expected.

I seen it Alex :icon_lol:

 

[Naughty Fox]

I seen it Alex :icon_lol:

 

[Durham Fox]

:icon_bigg

 

[fcukcov]

very good alex!

 

[newtonfox]

well done alex lots of new info there :icon_lol:

 

[OldGit]

I seen it Alex :icon_lol:

I seen it Alex :icon_lol:

:icon_bigg

very good alex!

well done alex lots of new info there :icon_lol:

From a reliable source

 

[Real Sharapova]

I don't think the subject itself is boring - only when people just repeat the same comments.

The issue of the time taken to move house is not relevant. To start off with if there is sufficient imperative and professionals spending the time - a house purchase can be conducted very quickly indeed.

I think the primary problem here is likely to be more about putting together a deal that will satisfy 90% of shareholders and the secondary problem that I suspect that there is not entirely commonality of purpose amongst all the parties.

Whilst the board - may be agreed to sell in principlehowever, they do have a responsibility to recommend that on terms that are defensible to other shareholders....and acknowledging that the club is more or less financially a liability as things stands, has a board and management that is not fit for purpose and should be handed over to MM for next to nowt may be difficult for them to handle. Then there are those who have played a weasal game throughout the whole process - and I will not engage in repetition by going there today. The fun will start there if and when the deal aborts - as I have always feared and expected.

I fear you are forgetting a rather important third party whose say so was required - the Teachers' Pension Fund of New York. I would guess a lot of the delay is down to them agreeing to MM taking over the hire purchase of the Stadium.

 

[Redditch Fox]

I fear you are forgetting a rather important third party whose say so was required - the Teachers' Pension Fund of New York. I would guess a lot of the delay is down to them agreeing to MM taking over the hire purchase of the Stadium.

Interesting.

I notice that you say "was" required. Does that indicate that you also think that the proposed deal is going out of the window?

 

[Real Sharapova]

Interesting.

I notice that you say "was" required. Does that indicate that you also think that the proposed deal is going out of the window?

No, I was using the past tense as it appears MM has resolved matters with the pension fund. I am taking his mother's illness at face value - it would certainly be some conspiracy to involve LCFC, MM, MM's mother and both sets of advisors for it to be anything else than an unfortunate occurence.

 

[TornadoShaunUK]

No, I was using the past tense as it appears MM has resolved matters with the pension fund. I am taking his mother's illness at face value - it would certainly be some conspiracy to involve LCFC, MM, MM's mother and both sets of advisors for it to be anything else than an unfortunate occurence.

I know if my mum caught me trying to spend £25million she would probably cop it..

 

[glyn]

I know if my mum caught me trying to spend £25million she would probably cop it..

Especially when she realised what you'd spent it on....

 

[Matt_B]

What would the board gain by making this up? They would eventually have to tell us the truth that he'd walked so why buy a few more days?

 

[Redditch Fox]

What would the board gain by making this up? They would eventually have to tell us the truth that he'd walked so why buy a few more days?

I don't think it's like that.

My guess is that it's not about MM having categorically stated at this moment that he has pulled out. The reality looks like MM has been sounding increasingly downbeat for some days now and appears to be fed up by the whole wretched process.

I sense that this takeover is most unlikely to happen now. The reasons for the failure will be held to be complex - no side specifically to blame etc etc. But I would think that most supporters will feel that the club is so pathetically run that there is little it couldn't mess up.

I think you have to seize the moment in these situations and the club failed to do that....and there was a lot of initial downmouthing from a group that purports to represents fans interests. None of this indicated the right sort of enthusiasm to match MM's initial interest.

 

[PFKAKTF FOX]

I don't think it's like that.

My guess is that it's not about MM having categorically stated at this moment that he has pulled out. The reality looks like MM has been sounding increasingly downbeat for some days now and appears to be fed up by the whole wretched process.

I sense that this takeover is most unlikely to happen now. The reasons for the failure will be held to be complex - no side specifically to blame etc etc. But I would think that most supporters will feel that the club is so pathetically run that there is little it couldn't mess up.

I think you have to seize the moment in these situations and the club failed to do that....and there was a lot of initial downmouthing from a group that purports to represents fans interests. None of this indicated the right sort of enthusiasm to match MM's initial interest.

I would be inclined to agree, Redditch, whilst I do not yet believe that Milan has officially stated his intention to pull out of the deal, I would view his return to Belgrade, whilst not doubting his mothers illness, as an opportunity to "cool off".

The process has been nothing short of farcical, and I must admit I found the delay last week somewhat concerning, especially when you consider that on the tuesday / wednesday it was being reported that MM would be in charge by the weekend, however all of a sudden on the wednesday evening something materialised that would cause an 8 day delay.

A lot of the delay has been laid at the blame of the legal teams, however we are talking about a multi millionaire, very powerful business man who surely would have pretty much a full time designated lawyer or at least a favoured law firm that would deal with his interests, I can picture it now the lawyers contacting Mandaric " I am sorry Milan, but I am afraid the bid will be delayed for at least a week as our 17 year old trainee has fecked up the wording on the bid document ", I am sorry but MM has the power and influence to ensure that a lawyer would be dedicated full time to ensuring a smooth transaction.

IMO something materialised last wednesday that caused the delay, and stalling tactics were used by both parties in the hope a deal could be struck, a week later IMO no deal has been able to be agreed and MM has returned home to tend to his mother and no doubt reflect on whether to continue his bid or pursue other ' opportunities ', in the mean time enabling the board of Leicester City to explore other potential avenues.

I know people will be quick to point out that MM has already spent in excess of 500k on the process but remember he is a businessman, and he has no emotional tie to LCFC, in his opinion it would be better to spend half a million and pull out if he was unhappy that he could not maximise his return, than stupidly proceed with the deal and pour even more good money down the drain.

 

[1966]

I don't think it's like that.

My guess is that it's not about MM having categorically stated at this moment that he has pulled out. The reality looks like MM has been sounding increasingly downbeat for some days now and appears to be fed up by the whole wretched process.

I sense that this takeover is most unlikely to happen now. The reasons for the failure will be held to be complex - no side specifically to blame etc etc. But I would think that most supporters will feel that the club is so pathetically run that there is little it couldn't mess up.

I think you have to seize the moment in these situations and the club failed to do that....and there was a lot of initial downmouthing from a group that purports to represents fans interests. None of this indicated the right sort of enthusiasm to match MM's initial interest.

My take is that MM has problems his end, probably associated with Gaydamack / Portsmouth, and is therefore unable to conclude the deal. We are therefore in a holding situation whislt these problems work their way through.

 

[Granite Fox]

There are a lot of assumptions being made here.

MM has an exclusivity agreement with the Board, so they cannot look at other options unless the deal has collapsed or he gives them permission (if there are any other options).

It could just as easily be a delay by MM as he tries to get his money from Gaydemark (sp?).

We will just have to let the dust settle and see what happens.

Personally I do not think that MM would use his mother being seriously ill as an excuse for this delay unless it was true.

 

[Redditch Fox]

There are a lot of assumptions being made here.

MM has an exclusivity agreement with the Board, so they cannot look at other options unless the deal has collapsed or he gives them permission (if there are any other options).

It could just as easily be a delay by MM as he tries to get his money from Gaydemark (sp?).

We will just have to let the dust settle and see what happens.

Personally I do not think that MM would use his mother being seriously ill as an excuse for this delay unless it was true.

I think taking up your points and those above from PK that the most important element in this sort of situation is the commitment and spirit of both parties to want it and make it to happen.

I am sure that MM's mothers illness is not an excuse..and frankly I think it's just wrong as well as bad taste for posters in other threads to make a joke of a sad personal situation. I would think that the illness situation would have made no difference to what is a cooling off by MM.

I'm sure you are right that MM has his issues that needed sorting but I would think that the biggest underlying problem would be the difficulty of working with a dilatory and weakly run organisation like Leicester City. I just think that they cannot get things right at the moment on or off the pitch. The whole culture of the club feels sloppy .....and needs changing rapido.