Reports from Sheffield are claiming that Milan Mandaric has agreed an £8M deal to buy Sheffield Wednesday.
Although a contract has been signed the takeover must be rubber-stamped by the club’s shareholders at an extraordinary general meeting, but no obstacles are foreseen.
A club spokesman for Wednesday issued a statement that will sound familiar to Leicester City fans: “Milan has had to put his hand in his pockets. He’s had tremendous feedback from Wednesday fans since becoming involved and that made him more determined to do the deal.”
Mandaric has agreed a £7M settlement with the Co-operative Bank, who were owed £23M.
If all proceeds as planned Monday night’s derby against Nottingham Forest at the Walkers Stadium will be the 72 year old Serb’s last as City chairman.
Although financially better off City are in more or less the league position where Manadaric found us four years ago; and a scattergun approach to managerial appointments led to the club being relegated to the third tier for the first time in our history.
Even when Mandaric eventually stumbled upon the right man, in the form of Nigel Pearson, his relationship with him deteriotated until Pearson was effectively forced out of the club despite reaching the play-offs.
The abiding memory of the man will be that of his double-talk: one day insisting that Paulo Sousa must be given more time and the next day sacking him first thing in the morning. And just recently he claimed that he was in no way involved in talks with Sheffield Wednesday…
Good luck Wednesday… you’ll need it.
To subscribe to The FOX for the 2010-11 season, get your Summer Special in the post right away, and claim your free limited edition print send a cheque for £14.00 to:
The FOX, PO Box No 2, Cosby, Leicester, LE9 1ZZ
or use the FOX SUBS button on the right to pay online via Paypal.