Royle was thought to be one of the favourites to succeed Gary Megson - who left the Foxes on October 24 to take over at Bolton - after the former Oldham, Everton, Manchester City and Ipswich boss met City owner Milan Mandaric last week about the vacancy at the Walkers Stadium.
However, he has now changed his mind about the job citing ´personal reasons´ for his decision, saying in the Leicester Mercury: "I had a chat with Milan Mandaric last week and we got on great. But I decided towards the end of last week, for personal reasons, it would be best if I withdrew my interest."
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