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Mandaric: Foxes may be sold

Mandaric: Foxes may be sold

Leicester City chairman Milan Mandaric has not ruled out the possibility of selling the club.

A group of currently mysterious investors - reportedly from the Far East - have shown an interest in the club, and could persuade Mandaric to sell if the circumstances were right.

The Leicester chairman has always insisted that he was looking for potential investment within the football club, but has never stated his intentions to sell outright.

But the former-Portsmouth owner admits that he could be tempted to sell up to ease the burden upon his shoulders.

'There are some possibilities to bring some people in with me to take some of the burden, for me to lean on so I can spend a little bit more time away.

'If that doesn't happen, then I am here. I am committed to the club and there are no worries.'

Mandaric was unsure as to whether any potential new investment would be partial or part of a full takeover however, saying: 'I don't know yet. But whatever I do it will be the best decision for the club.

'I will not bail out, or anything like that. I want to be sure we go forward and build on the blocks we have put in place over the past two years.

'I am having a really hard time. I have neglected my family and my businesses abroad, and they are suffering, in Slovenia and the USA and other countries. For the last two years, my commitment to Leicester City has been undivided, especially last year.

'I wanted so badly to take us to the Premier League. It was a big blow when we lost in the play-offs and it has taken me some time to get over it.

'Yes, I have a bit of pressure on me but I can't just back off the firing line. I have to be there. If I do, then we are in trouble at the football club.'

Mandaric is currently searching for his ninth manager in just over three years at the helm of the Foxes.

In that time Leicester have been relegated to League One, promoted back at the first attempt as champions and then made the play-offs last season.

But Mandaric has insisted that he will take any potential investment extremely seriously, and will ensure that the club would be put in the right hands.

'Whoever comes here I have to make sure they come here for the love of the game and can spend some serious money to add on some things and bring a different dimension than is already here,' he said.

'So whoever comes here, their goal will be the same as my goal - to take this club to Premier League.'

Click here to join in the debate on the club forum.

Date:Saturday July 3 2010
Time: 5:36PM

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