Leicester takeover not yet approved
Wednesday 25 August 2010
Confusion surrounds the recent takeover of Leicester after the Football League revealed that they have yet to approve the deal.
The npower Championship club announced on August 12 that they had been bought out by the Asia Football Investments Consortium led by Thai businessman Aiyawatt Raksriaksorn.
He is a member of the family which owns a Thailand-based duty-free shopping business called King Power, and was then present at the club's league clash with Middlesbrough at the Walkers Stadium.
Manager Paulo Sousa also publicly declared that the new owners had promised that funds would be made available to him, but the League say that nothing has been confirmed.
Leicester revealed at the time of the sale that Milan Mandaric, their former owner, would remain as chairman, but the League say nothing has been concluded because they have not received the full details of the deal.
"Some good, helpful information has been provided," a spokesman told the Guardian.
"But there is still more to come. The takeover has not been approved."
Latest in Sport
The muddy truth of the Christmas Truce game
Premier League: Chelsea vs West Ham match preview
Sir Alex Ferguson on Jose Mourinho: 'He's good looking, speaks five languages, wins everything - it's unfair'
The best sport selfies of 2014
Jose Mourinho on Sir Alex Ferguson: 'A good friend, a good person, a fantastic sense of humour. I like him very, very much'
- 1 Planes go hybrid-electric in important step to greener flight
- 2 Christmas comes early to Hong Kong, as millions of bank notes spill out onto busy street
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food