Milan Mandaric is eyeing a promotion challenge back to the Premier League for Wednesday next season.
In an interview with Alan Biggs in the Sheffield Telegraph, Mandaric says he expected the club to be making a play-off push this season and that this should certainly be the case for the next campaign.
On recruitment, he talks about wanting to sign up key out-of-contract players such as Chris Kirkland and Glenn Loovens, while at the same time indicating that others will not be offered new deals when their contracts run out in the summer.
He says he believes Stuart Gray requires four to five new players – highlighting the need for a 20-goal striker and indicating that ex-loanee Matty Fryatt could be on the wanted list, the Hull City man having played at Leicester when Mandaric was their chairman.
He says he has put close to £30m into the club and, on the subject of possibly selling up, adds that there is still interest from a Chinese consortium led by Sammy Yu while a partnership between Milan and an outside investor should not be ruled out.
The full interview is in this week’s Sheffield Telegraph and online at www.sheffieldtelegraph.co.uk