Former Portsmouth chairman Milan Mandaric insists his 'focus and concentration' is solely with Leicester despite revealing he has received offers from rival clubs to become their benefactor.
Mandaric, who stepped down at Pompey after selling the club to Alexandre Gaydamak in July, tabled a £25million bid for a controlling interest in Leicester last week.
The 68-year-old admits other clubs have contacted him and made it known they would be prepared to fill the breach should negotiations with City fail, but Mandaric insists the Foxes are the only club he is interested in.
'Yes, that is the case but I have to tell you that all my focus and concentration is on Leicester City and I hope everything can be worked out,' Mandaric told the Leicester Mercury.
'I am not even thinking about any other club right now. Leicester is the only one I am talking to and my loyalties are with them.'
Leicester have discussed the bid by Mandaric and the next step is a meeting with the Serbian-born American to outline the finer details before recommending, or rejecting, the offer to the club's shareholders.
Mandaric is in positive mood and remains optimistic over his offer. He added: 'There is a dialogue and it is all going in the right direction. They have had their discussions about the bid and no doubt their other options, and a meeting will be set up soon.
'There was a tentative schedule set up for something like that but the day, time and place of such a meeting has not been finalised and I am waiting to hear.'