A month into Megson's tenure at Leicester, Mandarić rejected an approach from Bolton Wanderers for the manager's services. On 23 October however, Bolton announced that Megson was their first choice to become their new manager, and made a second approach for him. The club said they were also willing to compensate Leicester should Megson leave the Walkers Stadium. This second approach was also rejected by Milan Mandarić, but Megson was eventually given permission to speak to Bolton and he left Leicester on 24 October 2007, just 41 days and nine EFL Championship games after his appointment.