PSV Eindhoven coach Ronald Koeman is new favourite for the Manchester City job.

Bookies slashed the odds on Koeman taking over yesterday as speculation raged he was in the UK for talks with representatives from the Thai delegation hoping to take over at the Eastlands club.

Koeman's price collapsed from 10-1 to 7-4 after a flurry of betting.

The ex-Barcelona defender led PSV to a final-day Dutch league title win this term.