As the sale of Leicester City starts to desend into farce the administrator has said that he needs to see the money before he puts a bid before the club’s creditors.

The demand comes after former City director Gilbert Kinch withdrew a reported £15million offer for the club yesterday because no decision was made yesterday, only to retable a new bid just moments later.

A spokesman for Dargan (the administrator) told the Mercury “He has received no evidence of funding whatsoever from the source referred to.

“He understands the fans’ and manager’s frustrations but cannot start to discuss a deal with the creditors until someone comes forward with cash rather than words.

“He has met with representatives of the Foxes Trust and they are aware of the position.”

A spokesman for Kinch's group said: “The revised bid submitted last week by the consortium lapsed at 5pm yesterday. However, following further consultations with its advisors, a new proposal is being put together and will be submitted to the administrator shortly.

“The consortium is aware of the pressures being placed on Leicester City, the players, manager, fans and not least the administrator.

“It is as keen as everyone else to see as speedy a conclusion as possible to the present situation which it hopes will be the one that is in the best interests of the club.

“We are tabling a fresh bid soon which will hopefully satisfy the administrator as to our serious intentions.”

Tell us what you think about this in our FFS Fans Forum.