Former-controller Michael Gollogly and ex-assistant controller MaryAnne Pahapill were the other Nortel executives charged by the SEC.

BBC: NEWS | Business | SEC charges former Nortel bosses

Former Wigan boss Paul Jewell is the bookmakers' early favourite, with Chris Coleman, who is at Real Sociedad, as well as ex-Bolton assistant and Hull City manager Phil Brown also believed to be in the frame.

BBC: Bolton part company with boss Lee

Sutton's assistant at Sincil Bank will be ex-Blackburn defender Ian Pearce.

BBC: Lincoln appoint Sutton as manager