MILAN MANDARIC has made a final £25million bid to gain control of Leicester City.
The former Portsmouth owner remains committed to the planned buy-out he started in November.
But he has reduced the price he is willing to pay to gain a 90 per cent shareholding at the Walkers Stadium after his advisors discovered the club’s debts were much worse than first thought.
Mandaric wants his new terms to be accepted within 14 days so he is in control before the transfer window closes.
Foxes boss Rob Kelly said: "This is not just about me and wanting to spend money on new players. It would be good for everyone at the club to see the thing sorted out once and for all.
"In the meantime, all we can do is concentrate on the real world and prepare to face Southampton on Saturday."