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Last Updated: Monday, 12 March 2007, 16:12 GMT
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Mandaric has high hopes for Foxes
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New Leicester chairman Milan Mandaric believes the club's facilities and fan base mean it will only be a matter of time before they are Premiership club.
He has taken full control after an Extraordinary General Meeting last week concluded the transfer of ownership.
Manadaric told the club's website: "In everything but name this is a Premiership club.
"When I became frustrated during the buying process the fans still came out in their numbers."
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