The role of the Foxes Trust is to act to ensure the long-term viability of the club and that is our prime concern with any potential future owner’s proposals.
Over the last week the Foxes Trust Board has sought to question the large assumptions being made about the Milan Mandaric bid via media interviews and message board posts.
This has been viewed by some fans as the Trust being anti Mandaric, this is not the case however it was in part to add balance to the coverage of current situation, where the Leicester Mercury articles, in particular Bill Anderson’s, appear to be very pro Milan Mandaric.
The “£25m” bid, which was first utilised by a journalist known to work closely with Milan Mandaric, has continually been utilised by the media ever since. Both Milan Mandaric and the Leicester City board have not provided any breakdown of the bid, and as “other options” are being discussed, this is quite understandable, however the Trust Board feels it is important for fans to have a more in depth understanding of what this (or any other bid entails).
For the Milan Mandaric bid it has been stated that the shareholders will get their money back, and although the timing of payment appears still in negotiation, that accounts for around £6.4m….