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LCFC Official Statment
Leicester City Football Club today (Thursday) issued the following statement:
"Andrew Taylor has stepped down from his position as chairman of Leicester City Football Club.
"The board of directors wishes to place on record their appreciation of Andrew's passion, commitment and considerable efforts during his tenure as chairman.
"Deputy chairman Jim McCahill will, with immediate effect, take over the chairman's responsibilities in the interim period.
"Director Greg Clarke has also resigned from the club's board of directors.
"The board again wishes to record its appreciation for the tireless work undertaken by Greg over many years and for his key role in helping bring the club out of administration in 2003.
"The board's ongoing discussions with Milan Mandaric regarding his investment into the football club remain unaffected by the changes at board level.
"The board remains entirely committed to reaching a satisfactory conclusion with Mr Mandaric."