Former Sheffield Wednesday owner says he has done his job after selling the club to Azerbaijani businessman Hafiz Mammadov.
Mandaric says that he bought the club with two intentions - to financially stabilise it and leave it in a better position than when he started.
In an interview with swfc.co.uk he said he feels he is departing having completed both tasks and selling the club to the FC Baku and RC Lens owner continues the process he began to bring the club back to the Premier League:
Sheffield Wednesday have announced that Hafiz Mammadov has bought the club off Milan Mandaric.
Mr Mammadov is a former member of the Azerbaijan Football Association and also owns FC Baku and French club RC Lens.
Speaking to Sheffield Wednesday's website he said he was "immensely pleased and proud to have agreed a deal to buy this wonderful club."
The founder and chairman of the Baghlan Group, specialising in oil, gas, construction and transportation added: "I am a passionate football fan with enormous respect for English football. I have been looking at investing in England for some time but I was determined to find the right Club.
"I am hugely ambitious and feel the Owls match my passion and desire for success and represent our motto of Azerbaijan Land of Fire. I promise the supporters I will work extremely hard to bring the success everyone so rightly craves."
Departing chairman Milan Mandaric said: "On my first day at the Club I promised the supporters two things.
"Firstly I would ensure that when I left we would be in far better shape than when I arrived and more importantly, that I would only hand over ownership when I found the right man for the Club and I sincerely believe I have delivered on both undertakings."
The deal is subject to Football League approval but the club say the new owner and his staff will be involved in the running of Sheffield Wednesday as that process begins.