BusinessBusiness RecoveryExtra time for Leicester City

Extra time for Leicester City

Fans of Leicester City FC will have to wait a further two weeks before they get to hear any more news about the future of their football club.

Links: Leicester City petitions for administration

and Deloitte to become Leicester administrator

Administrators from Deloitte & Touche, who were brought in to run the club, said they had received a number of enquiries about the business, which collapsed with debts of more than £30m last week.

A spokesperson for Deloitte said administrator Nick Dargan and his team were now in the process of ascertaining which of the expressions of interest in the club were genuine.’We won’t speculate on the process and will wait for a couple of weeks to review the interest before saying anything else,’ the spokesperson added.

The delay will allow more time for ex-Leicester City striker and former England captain Gary Lineker to raise money to launch a rescue bid.

He has already received a six-figure sum from Emile Heskey who, like Lineker, had played for the Foxes, but needs to find a further £5m to mount a credible bid.

Heskey left the club after Liverpool paid £11m for the England striker two years ago.

The club’s financial troubles do not, however, appear to have adversely affected its performance on the pitch – though it could only muster an away draw last weekend after allowing Coventry City to equalise in the dying moments of the game.

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