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By ESPN Staff
Nov 8, 2006

Mandaric's Leicester takeover talks ongoing

Leicester have confirmed discussions with Milan Mandaric are ongoing as the former Portsmouth chairman continues his bid to take over the Championship club.

Mandaric tabled an offer of £25million last week, but the Foxes board have also courted interest from a number of other potential investors.

Board members have repeated their claim that they will not be rushed into any decision on the club's future.

A club statement read: 'Discussions with Milan Mandaric are continuing in relation to the offer he has made for the club.

'But integral to the decision-making process is that the short, medium and long-term best interests of the club are safeguarded at all times.

'Mr Mandaric's bid is one of a number of options which the club is currently considering.

'The board appreciates supporters' desire for detailed information but the content of all discussions must remain confidential at this time.'