Post by leicesterlass on Dec 28, 2006 14:45:36 GMT -1
Good:
Milan Mandaric has submitted his revised terms to take over Leicester City just four days before the January transfer window opens.
The club's shareholders now have to decide whether to accept in principle the latest figures in a prolonged saga that appears to be going right down to the wire.
Mandaric's offer still amounts to �25million but the terms have been revised.
If Mandaric, below, is to be in a position to hand manager Robert Kelly funds in time for the opening of the transfer window on Monday, a decision will have to be made quickly.
After going through the books during a process of due diligence, Mandaric's advisors found a higher level of financial burden than they had been led to expect.
City insisted at the time that the deal was still on-going.
Mandaric has lost none of his enthusiasm for the takeover but wants it to happen as soon as possible so he can set about reviving City's fortunes.
Time, however, is of the essence and it is now down to the shareholders who, famously, gave Mandaric's first offer the green light six weeks ago.
The new terms are not the official bid, only the 'heads of agreement'. If the shareholders reject, or ask for more time to consider, then the process will be delayed even further.
Mandaric is totally committed to the deal, and City claim to be as well. Yet the way things are being dragged out does neither of them any good.
If Mandaric does become the new owner in time, then City can work in the transfer market.
If there is a delay, then the chance will be missed.
Thankfully, the picture is a bit clearer on the playing side where City have recovered from a bad run during which they took just one point from 18, and look poised to end a traumatic year in reasonably promising shape.
Kelly, as always, needs to concentrate on "the real world", as he calls it, and cannot afford to imagine what may, or may not, transpire in the next few days.
He said: "All we are thinking about is going to face Southampton on Saturday. That is all we can do.
"We have won our last two away games and will go there with no fears, but we do know they have a good home record and that it will be difficult.
"With so many games coming at us at this time, we are in reasonably good shape, with no major injury worries among the regular players. But that can soon change so we need as many of them as possible fit and ready."
The Bad and Ugly rolled into one:
Leicester City have today completed the signing of former Everton and Sheffield United forward Danny Cadamarteri on a deal that will run until the end of the 2006-07 season.
Cadamarteri arrived at the club a fortnight ago to initially train with the Foxes squad.
And the 27-year-old forward has suitably impressed City boss Rob Kelly enough to be offered a short-term deal at the Walkers Stadium.
Kelly said: "Danny is a player who I have followed since he was a youngster at Everton. He is a forward and he has got pace.
"Danny has had a little spell out of the game and he is hungry. He's 27 now and has got a young family. I am sure he would admit himself that he hasn't really realised his potential.
"He burst on to the scene as a teenager at Everton and for one reason or another he hasn't fulfilled that potential. But he has now realised that he has got another opportunity.
"He wants to do well and wants to achieve what his ability and talent should allow him to.
"He has looked after himself during his break. He has been playing for Grays Athletic in the Conference to keep himself ticking over and has been training with us for a couple of weeks now.
"Obviously, he is only going to get match fitness by playing matches. But he is certainly in good nick in general fitness terms."
Cadamarteri began his professional playing career as a 17 year-old at Everton - and will probably be best remembered by Toffees fans for his cool finish in the famous 2-0 victory over Liverpool in 1997.
After six years at Goodison Park, Cadamarteri moved on to his hometown club Bradford in 2002 before making the short trip to Leeds United in July 2004. The speedy forward was then on the move again later that year when a £50,000 deal secured his services for Sheffield United.
Cadamarteri found his way back to Bradford at the start of the 2005-06 season, where he made 39 appearances during the campaign for the Yorkshire outfit.
Danny made two appearances for Grays Athletic of the Conference during December in his quest for match action.
The player has been handed the number 24 shirt.
Milan Mandaric has submitted his revised terms to take over Leicester City just four days before the January transfer window opens.
The club's shareholders now have to decide whether to accept in principle the latest figures in a prolonged saga that appears to be going right down to the wire.
Mandaric's offer still amounts to �25million but the terms have been revised.
If Mandaric, below, is to be in a position to hand manager Robert Kelly funds in time for the opening of the transfer window on Monday, a decision will have to be made quickly.
After going through the books during a process of due diligence, Mandaric's advisors found a higher level of financial burden than they had been led to expect.
City insisted at the time that the deal was still on-going.
Mandaric has lost none of his enthusiasm for the takeover but wants it to happen as soon as possible so he can set about reviving City's fortunes.
Time, however, is of the essence and it is now down to the shareholders who, famously, gave Mandaric's first offer the green light six weeks ago.
The new terms are not the official bid, only the 'heads of agreement'. If the shareholders reject, or ask for more time to consider, then the process will be delayed even further.
Mandaric is totally committed to the deal, and City claim to be as well. Yet the way things are being dragged out does neither of them any good.
If Mandaric does become the new owner in time, then City can work in the transfer market.
If there is a delay, then the chance will be missed.
Thankfully, the picture is a bit clearer on the playing side where City have recovered from a bad run during which they took just one point from 18, and look poised to end a traumatic year in reasonably promising shape.
Kelly, as always, needs to concentrate on "the real world", as he calls it, and cannot afford to imagine what may, or may not, transpire in the next few days.
He said: "All we are thinking about is going to face Southampton on Saturday. That is all we can do.
"We have won our last two away games and will go there with no fears, but we do know they have a good home record and that it will be difficult.
"With so many games coming at us at this time, we are in reasonably good shape, with no major injury worries among the regular players. But that can soon change so we need as many of them as possible fit and ready."
The Bad and Ugly rolled into one:
Leicester City have today completed the signing of former Everton and Sheffield United forward Danny Cadamarteri on a deal that will run until the end of the 2006-07 season.
Cadamarteri arrived at the club a fortnight ago to initially train with the Foxes squad.
And the 27-year-old forward has suitably impressed City boss Rob Kelly enough to be offered a short-term deal at the Walkers Stadium.
Kelly said: "Danny is a player who I have followed since he was a youngster at Everton. He is a forward and he has got pace.
"Danny has had a little spell out of the game and he is hungry. He's 27 now and has got a young family. I am sure he would admit himself that he hasn't really realised his potential.
"He burst on to the scene as a teenager at Everton and for one reason or another he hasn't fulfilled that potential. But he has now realised that he has got another opportunity.
"He wants to do well and wants to achieve what his ability and talent should allow him to.
"He has looked after himself during his break. He has been playing for Grays Athletic in the Conference to keep himself ticking over and has been training with us for a couple of weeks now.
"Obviously, he is only going to get match fitness by playing matches. But he is certainly in good nick in general fitness terms."
Cadamarteri began his professional playing career as a 17 year-old at Everton - and will probably be best remembered by Toffees fans for his cool finish in the famous 2-0 victory over Liverpool in 1997.
After six years at Goodison Park, Cadamarteri moved on to his hometown club Bradford in 2002 before making the short trip to Leeds United in July 2004. The speedy forward was then on the move again later that year when a £50,000 deal secured his services for Sheffield United.
Cadamarteri found his way back to Bradford at the start of the 2005-06 season, where he made 39 appearances during the campaign for the Yorkshire outfit.
Danny made two appearances for Grays Athletic of the Conference during December in his quest for match action.
The player has been handed the number 24 shirt.