Negotiations going on with possible investors – Milan

0 Comments | Leicester Mercury, Jul 28, 2010

LEICESTER CITY chairman Milan Mandaric has said negotiations are continuing with a business consortium who may become investors in the club.

But he has previously rubbished reports that he is looking to hand over full control of the club at the end of the season.

Mandaric told the Mercury: “We are working and communicating with people and there are possibilities but there is nothing more to say at the moment.”

In another interview, with the BBC, Mandaric confirmed the consortium was from Asia but would not give any more information on their identity. He said: “They are from Asia, a country where football is playing a big role.

“They are football people and they are not coming here just to make money.

“They are passionate and football-orientated people and are here to see if they can help elevate the club to a higher level.

“But how much is going to happen and when it is going to happen is hard to say. It could happen in two or three weeks or it could not happen at all.”

“And, if this deal happens, it happens for the benefit of the club and not Milan Mandaric.”