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Foxes takeover in doubt
18 Dec 2006 - 11:41:11
Milan Mandaric's takeover of Leicester City is rumoured to have hit the rocks after reports suggested extra debt had been uncovered in the due diligence process.
The former Portsmouth chairman was believed to be close to completing a £25million takeover of the Championship club.
Rumours of a potential snag in the deal surfaced after Mandaric wasn't present at Saturday's victory over Barnsley as expected.
Last month Mandaric remained enthusiastic about the buyout, claiming: "It should be a matter of time before we can put this together."
However, Should the deal fall through then Mandaric has been tipped to turn his attention to the Foxes' Midlands rivals Wolves.
Chairman Sir Jack Hayward has put the Molineux club up for sale with a revised £20million asking price.