UK time is: 16:39:19
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.








Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: JBFox Mail feedback, articles or suggestions

Date:Wednesday July 14 2010

Time: 1:10AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Leicester City Articles

King Pens Four Year Deal (Wednesday October 29 2014)

Hamer Out Injured (Monday October 27 2014)

Pearson Moves To Wrexham On Loan (Monday October 27 2014)

Tough Afternoon For Pearson (Sunday October 26 2014)

Taylor-Fletcher Leaves On Loan (Sunday October 26 2014)

Stats: Swansea v Leicester (Saturday October 25 2014)

Pearson Looking Forward To Training (Wednesday October 22 2014)

Young Duo Leave On Loan (Monday October 20 2014)

Pearson - We Should've Taken A Point (Sunday October 19 2014)

Archived Leicester City Articles

List All Vital Leicester  Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

League Table (view table)

Team P W D L GD Pts
14. Newcastle 9 2 4 3 -5 10
15. Aston Villa 9 3 1 5 -10 10
16. Crystal Palace 9 2 3 4 -3 9
17. Leicester City 9 2 3 4 -4 9
18. Sunderland 9 1 5 3 -9 8
19. Q.P.R. 9 2 1 6 -10 7
20. Burnley 9 0 4 5 -11 4

Breaking League News

Players Respond To Newcastle Loss
Man City : 30/10/2014 16:38:00
Harsh Rodney Marsh
Man City : 30/10/2014 16:24:00
Pellegrini - Same Failures Cost Us
Man City : 30/10/2014 16:15:00
What Should We Really Be Targeting?
Spurs : 30/10/2014 15:45:00
Ince Moves To Sherwood
Hull City : 30/10/2014 15:38:00

Current Site Poll (view all polls)

Swansea MotM
Suggested By:  Svens
Schmeichel 0%
De Laet 0%
Morgan 0%
Moore 0%
Konchesky 0%
Hammond 0%
Drinkwater 0%
Mahrez 50%
Nugent 0%
Vardy 0%
Ulloa 0%
Sub - James 0%
Sub - King 0%
Sub - Cambiasso 50%