Odds slashed on Powell for Addicks job
Chris Powell has emerged as a shock 1/8 favourite for the vacant Charlton job.
Powell's odds have nosedived from 12/1 to odds-on favourite for the managerial post at his former club.
Leicester were forced into rejecting an approach from Newcastle for Powell's services a month ago, but may now be resigned to losing the popular coach.
Nothing concrete has emerged surrounding the possible departure of the 41-year-old from the Walkers Stadium.
But a dramatic plummet in odds with Skybet has cast serious doubts over the future of Powell with the Foxes.
The sought-after stalwart made almost 250 league appearances in a Charlton shirt over three spells with the Addicks, and still holds cult status at The Valley.
Leicester boss Sven-Goran Eriksson would be reluctant to lose Powell, but is unlikely to prevent the former England man returning to his former stomping ground to begin his managerial career.