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Last Updated: Wednesday, 1 November 2006, 10:46 GMT
Mandaric confirms Leicester bid
Milan Mandaric
Mandaric left Portsmouth in September
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.

Mandaric, who left Portsmouth in September, 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."

Leicester later confirmed they had received Mandaric's bid, which is believed to be in the region of 25m.

"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," said Mandaric.

A statement on the Foxes' website said: "We will give the offer full consideration.

"We have a number of options available to the board and it is imperative that the right decision is taken to safeguard, protect and develop the best interests of the football club in the short, medium and long term.

606: DEBATE
Bally

"As soon as it is practically possible, the club will communicate further with shareholders, supporters and staff."

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.



SEE ALSO
Mandaric plays down Foxes link
06 Oct 06 |  Leicester City
Mandaric steps down from Pompey
21 Sep 06 |  Portsmouth
Gaydamak buys out Pompey chairman
19 Jul 06 |  Portsmouth


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