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Tuesday, 12 November, 2002, 10:27 GMT
Lineker's group closes in
Former England striker Gary Lineker leads a takeover consortium
Lineker's consortium needs one last financial push
Former England striker Gary Lineker's consortium is close to gaining control of Leicester City.

Lineker's agent Jon Holmes said Lineker's group is within 1m of its 5m target to mount a takeover of the cash-strapped Foxes.


We need to get there as quickly as we can
Lineker's agent, Jon Holmes

Speaking on BBC Radio Leicester, Holmes said that donations from Lineker and Liverpool's former Leicester striker Emile Heskey had pushed them close to their target.

But Holmes said the consortium is still looking for other interested parties to come forward.

Holmes said: "We need to get there as quickly as we can.

"If they're approaching us at a more modest level they should contact Foxes Trust.

"If they're at a substantial level, and we're looking for investments of between 100,000 and 250,000, then please get hold of me."

Lineker's consortium face compettion from two other unnamed groups interested in gaining a controlling stake in the club.

Leicester have struck financial problems since their relegation at the end of last season.

The Foxes are currently in administration with debts of 30m.

Recently, the players agreed a wage deferment package to ease the club's plight.

The administrators also made 30 non-playing staff redundant, including chief executive Steve Kind and director of operations Charles Rayner.

 WATCH/LISTEN
 ON THIS STORY
Former Leicester star Gary Lineker
"We need to secure the future of the club"
Consortium member John Holmes
"I am doing this as a Leicester fan"
Gary Lineker heads a consortium bidding to save cash-strapped Leicester City

Lineker steps in


Leicester in trouble

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See also:

21 Oct 02 | Football
25 Oct 02 | Leicester City
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