Leicester City set to appoint Deloitte

Link: Leicester City petitions for administration

A spokesman said Deloitte would get the nod, provided the administration order was approved by the High Court. The club met with the High Court at 10:30am this morning.

Yesterday Leicester City was forced into administration after failing to reach agreement with its creditors.

The club’s debts are believed to be around £40m, with as much as £30m bond owed to US-based Teachers Bank, £6m to the Birse construction group, which built the new stadium and between £2.5m and £4m owing to the Inland Revenue.

Yesterday reports linked former England striker and television commentator Gary Lineker with a consortium planning to put in a bid for the club.

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