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Leicester job favourite Mancini: I am sorry for my friend Ranieri

The bookies have backed one Premier League title-winning Italian manager to replace another at the King Power Stadium

Roberto Mancini, the bookmakers' favourite to replace Claudio Ranieri as Leicester City manager, says he is "sorry for his friend" after the Premier League champions' decision to sack him.

Ranieri was dismissed on Thursday under a year after he led them to a first top-flight title in their history, having been billed as pre-season relegation candidates.

The 65-year-old had struggled to replicate those highs this season and was controversially sacked with Leicester sitting only one point above the relegation zone having suffered five straight league defeats.