Leicester City warns of cash shortfall

Leicester City PLC warns it may run out of cash if it can't find new sources of income and reorganise its debts. The company which owns Leicester City football club says it needs to sell more players

The club, relegated from the Premier League last season, has sold Matthew Piper to Sunderland for £3m (€4.7m), and Lee Marshall to West Bromwich Albion for £700,000 (€1m).

The club has also completed the loan of Tim Flowers to Manchester City for three months.