Mandaric - I feel let down

Mandaric: Sorry for fans

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Leicester chairman Milan Mandaric has admitted he will need a couple of days to 'calm down' before deciding on his own future and that of manager Ian Holloway.

The Foxes were relegated from the Championship following a goalless draw with Stoke on the final day of the season.

Mandaric has vented his anger and spoken of the heartache he felt when Leicester's demise was sealed.

"It is not an easy moment. It is one I have never experienced before in any project, whether business or football," Mandaric, speaking from the United States, told Sky Sports News.

Dreadful

"It is a dreadful experience. It is a shame. I feel let down and right now I am not a very happy man.

"You don't have to be Einstein. If you look at the support I have given to my managers and my players, both financially and morally, and what do you get in response?

"You expect rewards and results. We didn't get it and you have to feel let down."

Asked about Holloway's future, Mandaric replied: "I cannot discuss that. I need a couple of days of calming down.

"We need to come up with the right strategy. We owe it to the supporters to turn this around and find some positives in this dreadful time."

Mandaric also conceded that he was not sure whether he would be staying on as chairman.

He said: "I don't know. I am not going to make any decisions at this moment. We have to face the facts and regroup."

Mandaric did defend himself when questioned why he was in America on such a crucial day of the season.

Sorry

"I have seen 45 games," he explained. "This was a very important family meeting that was scheduled three months ago, when I never dreamed we would be in this situation."

Speaking directly to the fans, Mandaric added: "I think only one word can describe everything - sorry. We have let you down and we didn't expect to let you down.

"I put a lot of money where my mouth was but unfortunately it didn't work out this year.

"We all go down sometimes and I always say the loser is the one that that doesn't get back up, not the one that goes down.

"So we are going to get back up and I hope we get their help and forgiveness for what we have done wrong. We must look forward and put Leicester back in a position where we need to be."