According to several news sources, and local rumour, Milan Mandaric is on the verge of selling 49% of his interests in LCFC to a group of Thai businessmen.
This deal, which it is said could happen as early as next week, would allow the Serbian to retain control of the club for an interim handover period before selling the rest of his shares to the consortium in the near future.
The Daily Mirror claims that Israeli super-agent Pini Zahavi – who was instrumental in linking up Chelsea and Roman Abramovich and Portsmouith and Alexandre Gaydamak – is helping broker the deal and that the departure of Nigel Pearson and appointment of Paulo Sousa were all part of the grand plan.
A figure of £26M – equivalent to City’s current debt – for the club has been bandied about, with further funds being available to push City up into the Premiership.
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