Date: 22nd October 2010 at 1:32pm
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The Football League have finally approved the new ownership at Leicester City.

The Foxes are the first club to have new ownership approved by the Football League under its tighter regulations which were voted in by clubs in August.

A League spokesman said: “We warmly welcome the new owners of Leicester City to The Football League. We also thank the new owners and club officials for their full cooperation during the review process that has now been completed.”

Leicester’s Thai-based owners took charge of the club on August 12th, but have been forced to wait until today to finally have their deal sanctioned.

Milan Mandaric, Leicester chairman revealed his delight at the approval, saying: “Today is a great day in the history of Leicester City Football Club.

“When I first came to the Walkers Stadium, I said that whenever I decided to leave I would ensure that the club was left in a stronger and healthier position.

“Let there be no doubt that the club has reached that position now. Our owners are fantastic people, with incredible ambition for this club’s future.

“They have great character and integrity and they will strive for success for Leicester City.”