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Mandaric confirms Leicester bid Mandaric confirms Leicester bid
(10 minutes later)
Former Portsmouth owner Milan Mandaric has confirmed he has made a bid for Championship club Leicester.Former Portsmouth owner Milan Mandaric has confirmed he has made a bid for Championship club Leicester.
"I feel I have made a fair and generous offer to acquire Leicester City Football Club from the present shareholders," said the 68-year-old."I feel I have made a fair and generous offer to acquire Leicester City Football Club from the present shareholders," said the 68-year-old.
Mandaric left Portsmouth in September and revealed he would have preferred a longer break between clubs.Mandaric left Portsmouth in September and revealed he would have preferred a longer break between clubs.
But he added: "Following other interest in the club I have had to accelerate takeover plans."But he added: "Following other interest in the club I have had to accelerate takeover plans."
Mandaric's bid is believed to be in the region of £25m.Mandaric's bid is believed to be in the region of £25m.
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"My aim is to re-awaken Leicester City and aspire to the dreams of their passionate supporters and bring Premiership football back to the club at the earliest opportunity," he said."My aim is to re-awaken Leicester City and aspire to the dreams of their passionate supporters and bring Premiership football back to the club at the earliest opportunity," he said.
Mandaric guided Portsmouth into the Premiership before selling the club to Alexandre Gaydamak earlier this year.Mandaric guided Portsmouth into the Premiership before selling the club to Alexandre Gaydamak earlier this year.
He continued in a role of non-executive chairman at Fratton Park before finally severing his links at the end of September.He continued in a role of non-executive chairman at Fratton Park before finally severing his links at the end of September.