I'VE SPENT £11M ON CITY - MILAN
Milan Mandaric today revealed that he has spent £11million in his first year as owner of Leicester City.
The City chairman admits there were times during 12 turbulent months when he might have thrown in the towel.
Despite Mandaric's massive investment, City are in a worse position in the Championship now than when he took over.
They go into Saturday's crucial home game against Norwich in 20th place on 34 points, compared to 17th and 37 points a year ago. And they have played a game more.
Mandaric, who marked his first-year anniversary yesterday, said: "So far I have invested over £11million in this club to get going. It has not been easy.
"I am not crying about it, but I tell you there were a few times when I thought 'what am I doing here', when I wondered if I would throw in the towel.
"This is not where I expected to be at this stage. There is a lot of work to be done but I know I will do it.
"When I go away from here, I will leave this club in a far better shape than when I took over.
"I am still excited by it. We have a huge number of great supporters who are as desperate as I am to get this club up and running."
It is not clear how the £11m breaks down, but there has been considerable outlay on players like striker DJ Campbell (£2.3m), captain Stephen Clemence (£750,000), Matt Oakley (£500,000) and Barry Hayles (£150,000).
And Mandaric probably had to agree settlements with sacked manager Martin Allen and the players who left by "mutual consent".
Milan Mandaric today revealed that he has spent £11million in his first year as owner of Leicester City.
The City chairman admits there were times during 12 turbulent months when he might have thrown in the towel.
Despite Mandaric's massive investment, City are in a worse position in the Championship now than when he took over.
They go into Saturday's crucial home game against Norwich in 20th place on 34 points, compared to 17th and 37 points a year ago. And they have played a game more.
Mandaric, who marked his first-year anniversary yesterday, said: "So far I have invested over £11million in this club to get going. It has not been easy.
"I am not crying about it, but I tell you there were a few times when I thought 'what am I doing here', when I wondered if I would throw in the towel.
"This is not where I expected to be at this stage. There is a lot of work to be done but I know I will do it.
"When I go away from here, I will leave this club in a far better shape than when I took over.
"I am still excited by it. We have a huge number of great supporters who are as desperate as I am to get this club up and running."
It is not clear how the £11m breaks down, but there has been considerable outlay on players like striker DJ Campbell (£2.3m), captain Stephen Clemence (£750,000), Matt Oakley (£500,000) and Barry Hayles (£150,000).
And Mandaric probably had to agree settlements with sacked manager Martin Allen and the players who left by "mutual consent".
