Megson played for Newcastle from1984/86 making 26 appearances, scoring two goals.
He was a tough ginger-haired midfielder signed from Nottingham Forest by Jack Charlton.
Never a crowd favourite. Tended to run around like a headless chicken. Signed for Sheff Wed when Big Jack left.
Ex-Toon Star Takes Over At Bolton!
The 48-year-old, who completed barely six weeks of his three-year contract at the Walkers Stadium, should be in charge for Sunday's Premier League match against Aston Villa.
Foxes chairman Milan Mandaric had already rejected two approaches for his manager in the past week but said in a statement last night on the club's official website: "Gary left me with no choice last night (Tuesday) when he informed me he wanted to leave Leicester and talk to the Premier League club.
"I made it abundantly clear Bolton's interest was neither welcome or invited but it was evident to me that following a meeting requested by Gary following last night's home defeat by Sheffield United his loyalties and heart lay elsewhere."
Bolton are believed to have agreed to pay Leicester around £300,000 in compensation in order to secure the services of Megson, who replaces Sammy Lee in the Reebok Stadium hotseat.