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Mandaric Set To Renew Owls Interest

Mandaric Set To Renew Owls Interest

Milan Mandaric is expected to make a fresh bid to buy Wednesday after seeing an initial offer rejected, according to media reports today.

The Leicester City chairman had what former Owls chairman Dave Allen called a 'derisory' bid for his shares and loan notes rejected last week.

But the Serbian-American businessmen is expected to return with another offer for the club, according to reports in today's Leicester Mercury.

Mandaric would have to resign from his post as Foxes chairman if he was to become new owner of the Owls.

Wednesday are looking to secure a takeover today before facing potential administration ahead of a High Court date over an unpaid tax bill tomorrow.

Mandaric sold the Walkers Stadium club to a Thai consortium earlier this season and, although still at the club as chairman, is expected to leave the club to take up a new challenge in English football.

That challenge could be with Wednesday, and more news on the developments involving the former Portsmouth chairman will be posted throughout the day.

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Click here to join in the debate on the club forum.

Writer:Nick
Date:Tuesday November 16 2010
Time: 10:37AM

Comments

0
sounds like its going to be a busy day for you nicky boy.
DEZZYP
16/11/2010 10:51:00
0
c'mon milan make yourself a wednesday legend
retfordowl1867
16/11/2010 10:55:00
0
that report came from a leicester city fan site. dont hold your breath chaps. the actual story mentioned nothing about a new bid, just said the old was rejected.
Showboat
16/11/2010 11:02:00
0
Just had a look at the official website. Absolutely nothing from the Chairman, board or chief executive. What an absolute set of morons they all are. Showing utter contempt for the supporters and indeed the club. Shame on them all. Not even men enough to stand up and be counted at this the eleventh hour. To be honest, thats the head in the sand attitude that has brought us to this. Can anyone remember a statement from the board when Grant was sold saying that the player had to be sold to pay off unpaid tax, I thought I did, but they didnt did they? What about the advanced season ticket sales. I bought 3 in April, what happened to that money? Grierson should be outed now, without delay. I wont say stoned to death or hung because that would get me in trouble. Removed from the board will suffice, and told to shove his loan note where the sun dont shine along with the rest of them. Keep the Chief executive just for continuity. Lets just hope that someone out there is Christmas shopping for a bargain early.
fed_up_owl
16/11/2010 11:46:00
0
Apparently this is the latest on the Leicester twitter site: http://twitter.com/ianstringerbbc Hope it is wrong, but according to leicester fans he is the man who gets the news first :(
Plymouthowl
16/11/2010 12:04:00
0
yeah, Radio Sheffield report Mandaric has pulled out.
Carbone's Padawan
16/11/2010 15:02:00
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