Date:Wednesday July 14 2010
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.
Date:Wednesday July 14 2010
Leicester Ticket Prices Too High? (Friday March 27 2015)
Leicester City Injury Table Almost Clear! (Friday March 27 2015)
Hopper Returns From Scunthorpe (Thursday March 26 2015)
Pearson Heads To Peterborough On Loan (Thursday March 26 2015)
Nugent - We Believe In Our Attack (Thursday March 26 2015)
Knockaert Set For Summer Move? (Wednesday March 25 2015)
Pearson On Break & Schmeichel Return (Tuesday March 24 2015)
Nugent - It's Not Dropping For Us (Tuesday March 24 2015)
Schmeichel - Don't Let Your Head's Drop (Monday March 23 2015)
Foxes On International Duty (Sunday March 22 2015)
|Leicester City||0||-||0||Hull City|
|Man City||2||-||0||Leicester City|
|Leicester City||0||-||1||Crystal Palace|
|15. Hull City||30||6||10||14||-12||28|
|16. Aston Villa||30||7||7||16||-20||28|
|20. Leicester City||29||4||7||18||-21||19|
|Leicester Ticket Prices Too High?
» Leicester City : 27/03/2015 20:50:01
|Hull Get Pathetic FA Charge
» Hull City : 27/03/2015 20:41:00
|Liverpool: Pjanic Speculation Growing
» Liverpool : 27/03/2015 19:36:00
|Stoke's March goal of the month
» Stoke : 27/03/2015 19:24:00
|Adam wins Crystal Palace man of the match poll
» Stoke : 27/03/2015 19:18:00