Leicester City News - Dec '02

Please click on here now and then...it's keeps FFS going!
 
Home
News
  NewsNow
  FFS News
  Archive
Features
Reports
Fixtures
Team
Stats
Interactive
Filbert Street
Travel
Leicester
LCFC List
Foxiles
Net Foxes
Jokes
Photos
FFS Stuff
Games
Links
FFS Email
Television
Shares
About FFS
 

..What A Mess!!! (10/12/02)

According to local paper The Leicester Mercury. Micky Adams is "Running out of patience" with the situation at Leicester City which he has blasted as "a shambles".

Whilst on pitch achievements keep fans in fantastic mood the club still remains in administration and Adams finds himself frustrated with the lack of moment out of the current financial situation.

Recent reports of a consortium being poised to take over the club seem to have been a little premature with the two rival bids currently waiting for the Administrators to decided who the club will eventually be sold to.

Adams told the Mercury, "My patience is wearing thin and the sooner this club gets out of administration the better because at the moment it is a shambles.

"I look around and see Wolves taking a good striker in Carlton Cole on loan from Chelsea and on Saturday we faced a Sheffield United team who had added Steve Kabba and Dean Windass to their squad recently.

"In the meantime, I have no money and I don't even know who to speak to here.

"I have put calls into the administrator and while I am not saying he is avoiding me, I am waiting to hear back.

"Myself, Dave Bassett and Andrew Neville are working tremendously hard to keep things going but it is incredibly difficult.

"I am having to deal with suspensions and injuries without being able to add to the strength of the squad the way other clubs are. I am not a miracle worker."

The administrators though were quick to hit back, accusing the rival parties involved of using the media to talk up their bid.

Administrator Nick Dargan told the Beeb, "I fully understand the frustration of Micky Adams and I share his desire to successfully conclude the administration as soon as possible.

I will continue to try to keep the problems of the club's financial affairs away from the manager

"However, the financial affairs of the Club are highly complex.

"Even if a consortium successfully raises enough capital to finalise a deal, any offer still has to be accepted by creditors, some of whom have direct security over the assets.

"Certain parties are using the media to suggest they are further advanced with their fund-raising than they actually are.

"This is not helpful to the process as it deters other potential investors from stepping forward.

"As soon as there is a credible bid that is backed by hard cash, you can be assured that this will immediately be put before the Football League, the Football Association, the PFA, the creditors, including the Crown creditors and of course the manager and the players.

"In the meantime, I will continue to try to keep the problems of the club's financial affairs away from the manager to enable him and the players to concentrate on continuing to do the fantastic job that they are doing on the field."


The administrators have insisted they set no time frame on the club's sale

Tell us what you think about this in our FFS Fans Forum.

     
     
   

 
 
Have your say on this, or any other story on Forfoxsake by visiting the Fans Forum.