BBC SPORT Arabic Spanish Russian Chinese
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX    SEARCH 

BBC Sport
 You are in: Football: Teams: Leicester City  
Sport Front Page
-------------------
Football
Teams
Statistics
FA Cup
Eng Prem
Internationals
Champions League
Uefa Cup
Eng Div 1
Eng Div 2
Eng Div 3
Eng Conf
Scot Prem
Scottish Cup
Scot Div 1
Scot Div 2
Scot Div 3
Europe
Africa
League of Wales
Cricket
Rugby Union
Rugby League
Tennis
Golf
Motorsport
Boxing
Athletics
Other Sports
-------------------
Special Events
-------------------
Sports Talk
-------------------
BBC Pundits
TV & Radio
Question of Sport
-------------------
Photo Galleries
Funny Old Game
-------------------
Around The UK: 
N Ireland
Scotland
Wales

BBC Sport Academy
BBC News
BBC Weather
SERVICES
-------------
LANGUAGES
EDITIONS

Thursday, 16 January, 2003, 16:48 GMT
Leicester accept Lineker bid
Gary Lineker
Lineker's bid to save Leicester moved a step closer
Creditors of Leicester City have accepted the proposals put forward by the Gary Lineker-led consortium to take over the club.

Leicester has been in administration since last October after building up massive debts of around 50m.

The decision means that administrators Deloitte and Touche can now start the business of selling the club and its assets to the consortium.

Administrator Nick Dargan said talks between the creditors and football authorities were successful and now the club's future must be secured.

"It is now up to the consortium to finalise the commercial terms of the deal and secure the cash to purchase the business and assets," he said.

"Failure to agree to these proposals would certainly have led to the liquidation of the club with the loss of all jobs."

Leicester legend Lineker invested a six-figure sum into the consortium's fund.

Another former Leicester striker, Emile Heskey, also made a substantial donation to help the group reach their 5m target.

The First Division club are now aiming to come out of administration by mid-February.

Gary Lineker heads a consortium bidding to save cash-strapped Leicester City

Lineker steps in


Leicester in trouble

Have your say
Click here for all the latest from the My Club section


Match coverage
Links to more Leicester City stories are at the foot of the page.


 E-mail this story to a friend

Links to more Leicester City stories

© BBC ^^ Back to top

Sport Front Page | Football | Cricket | Rugby Union | Rugby League |
Tennis | Golf | Motorsport | Boxing | Athletics | Other Sports |
Special Events | Sports Talk | BBC Pundits | TV & Radio | Question of Sport |
Photo Galleries | Funny Old Game | N Ireland | Scotland | Wales