It's A Deal!

And, with the Foxes forever falling down the league table, the take over seems essential in time for the end of the January transfer window, where strengthening the team is Mandarics main aim, before tackling the clubs debt.

The American-Serbian business man made a renewed offer after it was revealed that the club had hidden debt issues It is believed that the Ex Portsmouth chairman renewed his offer by offering the 47 current owners of Leicester City a different financial amount.

The offer has been given the green light and it is believed that Milan Mandaric could take his place as owner of the club within just two weeks time.

Unlike Mandarics previous offer, it has been decided that a board meeting is not necessary, therefore reducing the likeliness of agonising delays.

Time is of the essence and a delay in the takeover could create a season from hell for manager Rob Kelly, who recieved a hostile reception by the Blue Army, which included booing at the final whistle after another poor display against Sunderland yesterday. the Foxes are now just six points above the Championship relegation zone.