Mandaric close to selling Leicester to group of mystery Thailand businessmen

Milan Mandaric is on the verge of selling Leicester - after agreeing a £26m takeover with a group of mystery Thailand businessmen.

Mandaric was last night inching closer to a buy-out that will see the Foxes receive a substantial financial injection.

The 71-year-old has been locked in secret talks for the last three weeks - assisted by super agent Pini Zahavi - and a deal for an initial investment of 49 per cent should be completed shortly with a full takeover to come later.

The consortium have agreed to pump in major funds for new boss Paulo Sousa in a bid to take the club back to the Premier League.

Mandaric will eventually hand over full control to the consortium.

Sousa’s job is 100% safe as it is understood the new owners played a major part in the selection process after Nigel Pearson’s departure.