Bankrupt Phelan set to lead bid for club

The bankrupt co-star of the secretly recorded phone calls with Michael Lowry looks to be on the verge of leading a €9.5m takeover of Doncaster Rovers football club.

Kevin Phelan, who was declared bankrupt this year, has been leading a bid by an unidentified investor who has been described as having his or her origins in both Ireland and Belize.

The bid is being channelled through a fund management company in London, Sequentia Capital, which has direct ties to a firm that is holding, restoring and protecting additional recordings Mr Phelan claims to have made of Mr Lowry and others involved in the Moriarty Tribunal.