NEIL McDonald is the hot favourite to be named as the new manager of Bury Football Club this afternoon.

The former Carlisle United boss, who was assistant to Sam Allardyce at Bolton Wanderers and Blackburn Rovers, did not even figure in the betting markets yesterday morning, but, after a flurry of activity, his odds tumbled before two major bookmakers closed the book on him replacing Alan Knill.

The club revealed they have identified the man they want to lead the Shakers into League One, but stopped short of naming him before the contracts were signed and sealed.

Former Everton and Bolton defender Alan Stubbs is also believed to have been on the shortlist before he ruled himself out.

Shakers chairman Brian Fenton is hopeful of unveiling his man this lunchtime.

Other candidates thought to be in the frame included caretaker manager Richie Barker, and Accrington Stanley manager John Coleman.

However, McDonald, whose only previous managerial experience came during a 12-month stint at Carlisle, is thought to be the man identified after the interview process.

Meanwhile, Fenton says he will resist any transfer bids for star striker Ryan Lowe to ensure the club’s new manager has the best possible chance of success in League One.

Former manager Knill has been linked with a move for Lowe as he tries to put together a squad that gets his new club, Scunthorpe, promotion back to the Championship at the first time of asking.

But Fenton has dismissed the speculation, insisting last season’s 28-goal striker is staying put.

“I have seen the stories myself and I think it is just a bit of mischief-making from the media,” he said.

“I have heard nothing from Alan or Scunthorpe and I would not encourage an approach either.

“If a silly offer came in, we would make a decision as a board but I want to keep this group of players together for the new manager.”

Bury will play a pre-season friendly against Everton at Gigg Lane on July 15. Bolton Wanderers will also visit on July 27, both games kick-off 7.45pm.