Holloway makes Foxes exit
24 May 2008 - 11:04:49
Leicester City have parted company with manager Ian Holloway, despite chairman Milan Mandaric having seemingly backed his man following their relegation.
The Foxes will play in the third tier of English football for the first time in their history next season, with Holloway shown the door just six months since his arrival from Plymouth Argyle.
Mandaric told the club's official website: "This has been a very difficult story for all parties but, after taking stock and holding several constructive meetings, we have agreed that the time is now right.
"I could not fault either his commitment or effort to the cause, but the last few weeks have been the most disappointing during my tenure within the club.
"That's why ultimately we both felt it would be in the best interests of Leicester City and its long-term future if we amicably parted company now.
"My energies will now be fully focused on getting the right man, firstly to stop the decline we have suffered in the last few years and secondly to take us forward in the future with that level of stability which we all crave."