Vital Football

Latest Leicester City News

Mandaric ready to relinquish control

Mandaric ready to relinquish control

Leicester City chairman Milan Mandaric is in talks with a consortium ready to purchase the club.

A group of Thai investors have been in communication with Mandaric over a proposed buyout of the club, which would see the Foxes supremo eventually relinquish full control.

Initially Mandaric will retain 51% of the club and continue his role as chairman, before eventually selling the remainder to the new owners.

It is widely understood that they played a significant role in new manager Paulo Sousa's arrival at the club, and have reportedly promised funds in the transfer market to help the new man in his quest to take the Foxes to the Premier League.

Mandaric bought Leicester three years ago, but has endured an eventful period at the Walkers helm.

Relegation to League One set the club back significantly, but a return to the Championship at the first attempt cushioned the blow.

Mandaric has always been open with his handling of the club, insisting that significant money of his own has been lost in the process.

The 71-year-old has made no secret of his desire to attract new investment to the club, but has always stated he was never actively looking to sell up completely.

But snowballing reports over the last three weeks have suggested that this will eventually be the case.

The former Portsmouth owner has been locked in talks with a mystery Thai consortium for three weeks, with the help of notorious football agent Pini Zahavi to assist negotiations.

The club are expected to make a full statement regarding Mandaric's position over the next few days, with a formal announcement on the situation expected soon.





Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



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

Writer:JBFox
Date:Wednesday July 14 2010
Time: 1:10AM

Login to post a comment

Recent Leicester City Articles

Ranieri - We Aim For Survival Again

Manager Claudio Ranieri has said that Leicester City's aim for next season will simply be survival again - despite how well this season went.

CSKA Confirm Musa Bid

It's being reported that Leicester City have renewed their interest in Ahmed Musa this summer.

Oxford Friendly Announced

Leicester City have confirmed another pre season friendly for the summer, and we face Oxford United as Champions in July.

King Reflects On Phenomenal Leicester Year

Midfielder Andy King has been reflecting on the season that was 2015/16 and as well as Leicester's own record breaking year - King has a personal achievement...

Archived Vital Leicester Articles

Vital Leicester articles from

Site Journalists

SvensAmbition
Editor email
Profile
Foxes25
no email
Profile
Simon
no email
Profile

Current Poll (see more polls)

Chelsea MotM
Suggested By: Site Staff
Schmeichel40%
Simpson0%
Wasilewski3%
Morgan6%
Fuchs3%
Drinkwater18%
Kante6%
Mahrez6%
King6%
Gray3%
Vardy6%
Sub - Okazaki0%
Sub - Schlupp0%
Sub - Albrighton3%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Latest F1 News
Latest Vital Boxing News

Recent Leicester City Results (view all)

Leicester City Fixtures (view all)

Vital Members League Table

RankNamePoints
1.SvensAmbition4