After Leicester City PLC confirmed to the Stock exchange that there had been a "preliminary approach which may or may not lead to an offer being made" for Leicester City, shares rose a staggering 14.71% to close at 58.5p.

City shares have been languishing at around the 50p mark now for some time with almost 7.5% being wiped off of the market value this year.

The slight share improvement, while good for the club, is hardly likely to please long term share holders who brought into the club at 110p when City first floated on the stock exchange.

It does though mean that the rumoured £20 Million bid that Gilbert Kinch may make would now be not enough to take City from it's current owners.

FFS will keep you informed.

Are you a share holder? Do you want new owners at LCFC? Let us know your views in the Fans Forum.