Takeover Complete

[Leigh]

Official Statement
Posted on: Thu 12 Aug 2010

'NEW STRENGTH AND ENERGY OFFERS TREMENDOUS OPPORTUINTY FOR SUPPORTERS AND CLUB'

Milan Mandaric, Chairman of Leicester City Football Club, has today announced that a new international consortium has acquired Leicester City Football Club and plans to work in partnership with him to secure 'our ambitious' and 'our exciting plans for the future'.

He believes the deal will empower LCFC; 'Bringing new strength and energy to Leicester and offers a tremendous opportunity for supporters and the club'.

'We are celebrating today' he continued; 'as the deal represents three things;'

'First Ambition: this will help us push forward to compete harder for a place at the top table of English Football; Second Strength: it will strengthen the squad and Youth Academy by bringing additional financial support and introducing a new global network of contacts and access to player talent; it also represents a third key factor; Partnership: I am delighted to remain as Chairman and a stakeholder in the new consortia and I am pleased Lee Hoos, the Chief Executive and his winning team remain focussed and in place to keep our plans and ethos alive'.

The consortium is led by Thai businessman, Aiyawatt Raksriaksorn of the King Power Group, the duty free empire based in Thailand, who last week secured a 3-year shirt sponsorship deal with LCFC.

Aiyawatt said today; 'We are delighted that Asia Football Investments has secured this exciting deal; I am passionate about football and I see in Leicester City a club with tremendous passion and potential; it has excellent management on and off the pitch and I am convinced that it has the right mix of ambition and realism to drive the team, and club, forward'.

He continued; 'I do look forward to getting behind the new manager and his team and to enjoying real progress, which I know the fans crave and deserve'.

Lee Hoos, CEO, welcomed the new consortium and stated that the partnership is 'transformational' and 'unique'.

He said today; 'It provides a real opportunity for Leicester to grow and transform its status over the next few months and years; we are of course realistic and we wish to assure supporters that this deal will not pile the pressure on the Football Manager and create unreal expectations.'

'We have a new young and clearly talented Football Manager in place and our strategy and targets remain the same. We want consistency but also sustainability in our current league, and of course future leagues, and that makes this deal unique as we are signed-up to these ideas. New networks abroad will also strengthen our team and we hope to embrace new ideas from our new colleagues.'

Paulo Sousa said today; 'Things do move quickly at Leicester City; I was promised support and change when I joined and the Chairman is living up to that promise. I am delighted to welcome the new investors to the club and pleased that Mr Mandaric and I will continue our partnership'.

Milan Mandaric concluded; 'In celebrating the deal I would also like to thank everyone who has believed and continues to believe in my work here which started in 2007'.

'LCFC has demonstrated an incredible fighting spirit to reach this point where global investors sense the opportunity and feel able to back our plans'.

'The road to recovery on and off the pitch has not been easy but the supporters, executives and the entire squad have shown real commitment and I know that it will now continue as the new 2010-11 season gets underway and as we plan for further exciting developments in the near future'.

http://www.lcfc.com/page/LatestNews/0,,10274~2120025,00.html

 

[Micky]

Is it me or does that 'official statement' say nothing of real interest?

 

[TommyK]

Welcome

 

[Lako42]

435 mirrion dorrar please.

 

[Macky]

'We have a new young and clearly talented Football Manager in place and our strategy and targets remain the same.

Why has 'footbal manager' been capitalised? Do they think this is a game?

 

[SilverFox]

Re: Asian consortium to buy out City

http://www.lcfc.com/page/LatestNews/0,,10274~2120025,00.html

Official Statement

Still very quiet on who our overlords actually are. I thought we would be the first to know.

 

[drummindefender]

So whats the deal then? Who owns the majority of the club? Are they actually going to give us money to spend on players. This is all a bit murky

 

[indierich06]

Why has 'footbal manager' been capitalised? Do they think this is a game?

I presume that is Paulo Sousa's official title - most official titles are capitalised in news stories, Chief Executive Officer etc.

 

[lazzer]

Thats all very well and good but show us your wad !!!!!

 

[tedfoxxx]

The deal won't actually been complete until tooth hurty....

 

[Real Sharapova]

Is it me or does that 'official statement' say nothing of real interest?

The statement is the equivalent of a perfect vacuum. There is absolutely feck all in it.

 

[drummindefender]

Exactly-it is the perfect example of waffling, bullshit, bad attempts at slogans etc

 

[Cate Fox]

The deal won't actually been complete until tooth hurty....

rubbery

 

[Hazzman]

Don't like it. There's some part of me what wants Leicester City FC go back to how it was on the 1st June.

 

[Mawsley]

Wow, this was all rather out of the blue.

 

[SilverFox]

Don't like it. There's some part of me what wants Leicester City FC go back to how it was on the 1st June.

Of which year?

 

[tedfoxxx]

rubbery

Why are ther so many Thai people in north London?









They get into a taxi and say, 'Harrow'

 

[Cate Fox]

Why are ther so many Thai people in north London?









They get into a taxi and say, 'Harrow'

Fang you velly much now gerroff :icon_lol:

 

[The Old Fox]

You chaps want jam on it!

The fact that the deal has gone through, and that we are now owned by a consortium, is good news in itself. I hope Milan lives to be 100 - and still involved with Leicester City, but should anything happen, we will not be in Southampton's predicament.

As to transfer funds, let us hope that there will be a sizeable sum made available but, were figures to be announced, wouldn't the cost of every player that we want to sign be tripled?

 

[Macky]

Is this the announcement we've wheelie bin waiting for?