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Former owner of football clubs Portsmouth, Leicester City, and Sheffield Wednesday, Milan Mandaric, has passed away at the age of 87, as confirmed by his family. He died in a hospital in Belgrade, Serbia after a brief illness. Mandaric, a Serbian-American businessman, first entered English football in 1999 when he acquired Portsmouth. He most recently served as the vice-president of Serbian team Vojvodina in Novi Sad, his hometown.
During his tenure as a club owner, Mandaric made significant contributions to each of the clubs he was involved with. Portsmouth expressed their sorrow over his passing and extended condolences to his family and loved ones. Similarly, Leicester City acknowledged his charismatic leadership and passion for the club during his ownership. Meanwhile, Sheffield Wednesday highlighted his role in rescuing the team from a challenging period, illuminating hope on Hillsborough.
Mandaric’s journey in entrepreneurship began in Novi Sad, Yugoslavia, where he took over his father’s engineering business at a young age. Forced to flee to Switzerland due to political turmoil, he later settled in the United States and established successful ventures in technology. He later ventured into sports ownership, including his acquisition of Portsmouth, Leicester, and Sheffield Wednesday.
Despite facing challenges and controversies, including a legal case related to tax evasion, Mandaric’s legacy in English football as a transformative owner remains. His dedication to revitalizing struggling clubs and his dynamic management style earned him the reputation as football’s ‘Mr Fixit’. While he considered repurchasing Sheffield Wednesday earlier this year, he ultimately decided against it due to time constraints but left a lasting impact on the clubs he was involved with
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