However, acting chief executive Karl Oyston said he will "fight to the death" to keep him. Holloway repeatedly threatened to quit if the club was punished because of his 10 team changes for the 3-2 defeat at Aston Villa in November - and on Thursday the Premier League hit the club with a £25,000 fine.
Holloway told the Blackpool Gazette: "He (Oyston) will be getting my resignation because that is how strongly I feel. It is up to him whether he chooses to take it. I don't know who I am working for. I have done the best job I could for this club and have tried to win every single game, including the game at Aston Villa."
Oyston responded: "I absolutely would not accept his resignation and I would fight to the death to keep him in his post. He has done fantastically well and deserves to manage at this level for ever.
"It would be absolutely ridiculous if Ian felt compelled to resign because of what is an unjust decision and he shouldn't compound that by stopping doing what he is doing so well."
Source: PA
