Southend United are set to pass on hiring Henrik Larsson as new manager.
The Swede's lack of experience and tight purse strings at Roots Hall are reportedly to blame for the stall in negotiations with the ex-Manchester United, Barcelona and Celtic star.
The 48-year-old was a guest of honour at Stadium MK as the Shrimpers recorded their first League win of the season on Saturday - a 1-0 win over MK Dons.
Larsson resigned as Helsingborgs manager last month but his wage demands could be too high for Southend, says Sky Sports News.
It is also claimed the club were apprehensive about Larsson's lack of management experience in England.
