Mandaric Is Our Man - Takeover Finally Complete

Last updated : 13 February 2007 By Joe Harris
The club yesterday announced that a press conference would be held at the Walkers Stadium at 12:00 on Tuesday to finally expose the new owner of the club.

Mandaric was delighted to receive 80% of the shareholder's support, allowing him to gain control of the struggling Foxes.

In the press conference, the Serbian businessman revealed that he would
regard his mission of promotion into the Premiership within three years a 'failure' should he not achieve this. This statement declares the former Portsmouth chairman's desire for success during his time with Leicester.

When questioned about a possible coaching alteration, Mandaric made it clear that he had no plans to change the coaching team any time in the immediate future. However he didn't deny that he had considered several new managers, including Iain Dowie, who was speculated to replace Rob Kelly.

Mandaric was asked several times why he chose Leicester City over teams such as Wolves and Sheffield Wednesday and his reply was simply that he was impressed with the Foxes fan base and he felt that the club deserved to be playing in the Premiership.

No financial amount was mentioned during the press conference, leaving fans questioning exactly how much money will be invested into the clubs potentially successful future.