Date: 12th November 2010 at 1:53pm
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Leicester City chairman Milan Mandaric has issued a swift response to media reports linking him with a takeover of Wednesday, playing down the rumours and committing himself to the Foxes.

BBC Radio Leicester today revealed they believed Mandaric was all set to make a bid for the cash-strapped Owls, in turn resigning from his post as Leicester chairman.

But the former Portsmouth chairman has issued a statement on the official Leicester City website insisting that he isn’t in discussions with Hillsborough officials.

It reads: ‘I am not currently in discussions regarding the purchase of Sheffield Wednesday Football Club, or any other club for that matter.

‘There is no secret of my love for English football and my desire to stay in the game. Until the right challenge is presented, I remain committed to Leicester City Football Club, our owners and our great supporters.

‘I have recently been inundated with calls from numerous football clubs and agents seeking my involvement. However, I will continue to give all my support to everybody at Leicester City, and will attend tomorrow’s game hoping that the players will achieve the three points against Derby County.

‘As soon as I have any news or update on my own future, the Leicester City supporters will be the first people to know, via the club website.’

Mandaric recently sold the Walkers Stadium club to a Thai consortium but still remains as chairman of the Leicestershire club.

We’re sure this won’t be the end of the matter, and Vital will keep you informed of any twists in the tale that could come out way.