Megson unveiled as new Foxes boss

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The 48-year-old, who has been out of work since leaving Forest in February 2006, was unveiled as Martin Allen's successor at a press conference on Thursday afternoon.

Megson told the club's official website, www.lcfc.co.uk: "I am delighted to be back in management and doubly delighted it is with a football club of the stature of Leicester."

He added: "Leicester is a Premiership club in everything but its divisional status. The stadium and training ground are both of the highest standard whilst the support is both Premiership standard in its quality and quantity.

"In coming to Leicester I am not just working at a Championship club that is happy to plod along.

"This club has got ambition to get back into the Premiership and that appeals to me greatly."

Allen was sacked on August 29 just four games into his tenure following a disagreement with chairman Milan Mandaric.

Megson is joined at the Walkers Stadium by former Foxes favourite Gerry Taggart and Frank Burrows but their roles have yet to be confirmed.

Megson becomes City's fifth manager in 18 months and the fourth since Mandaric took control of the club in February.