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Mandaric's bids challenged

1 November 2006 19:53

LEICESTER, Nov 1 (SW) – It has been confirmed by the Leicester City board that former Portsmouth owner Milan Mandaric has made a £25 million takeover bid for the club.

It is believed that two further takeover bids are also active. These further bids have forced Mandaric to step up his bids in an effort to win the takeover bid.

At this stage the two parties have not been identified, but they are believed to emanate from the United States.

Mandaric has made a promise, that if his bid were to be successful; he would take the Foxes back into the Premiership they left in 2004.

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