Megson quits for Bolton

After a week of speculation, it appears that Gary Megson is set to leave Leicester to take charge of Bolton. Leicester chairman Milan Mandaric has confirmed that Megson will leave the club after agreeing a compensation package.

The statement read: "Gary decided that he wanted to speak to Bolton. We have agreed compensation and we move on.

"This is something that was not planned. We have worked tirelessly to prevent this from happening but in the end there was nothing we could do. Gary's heart was not in this football club anymore.

"It is important that we all remain focussed on our common goal. We must channel all of our energy and desire into making sure that this football club continues to move forward.

"As supporters of this football club I need to ask you to keep believing at this difficult time. Our original plans and objectives still remain the same. They have not changed.

"There is an old saying - it is not the loser who goes down, it is the loser who does not get back up again. This football club and its supporters are not quitters."

Gerry Taggart and Frank Burrows have been placed in charge of first-team affairs for Saturday's home game against Barnsley.

Mandaric added: "We must collectively pull all of our efforts together to support them.

"We need your support more than ever when we take on Barnsley at the Walkers Stadium this weekend.

"We must unite and move forward - stronger than ever before. I appreciate your support and I will always thank you for that."