FOXES TRUST PRESS RELEASE: FOR IMMEDIATE USE
Following Milan Mandaric recently severing all ties with Portsmouth, The Foxes Trust has reacted to the renewed speculation linking him to a takeover bid for Leicester City.
Ian Bason, Chairman of the Trust said “Obviously for any individual or team of investors looking to run a football club, Leicester City is an attractive option, with first class facilities ready made for Premiership football. The club has recently been run as a tight ship, keeping debt under control, while being undercapitalised, so that combination means it is a desirable proposition. The new Sky deal further increases the attractiveness of taking a mid table Championship club back to the Premiership”
Bason added “We would welcome any investment that is in the best interests of LCFC, its supporters & local community. However we would need to see the detailed proposals of any potential major investor, should they come forward, before commenting further”
Bason continued “Should a bid be launched, we would not make any snap decisions on backing a bid based on the reputation of any individual, we would need to look in detail at such things as plans for owning the stadium, ensuring fans won’t be priced out of attending games, as well as the more glamorous topic of funds for players……