QPR next manager betting update: Real Madrid coach in the frame?

Harry Redknapp has resigned as QPR manager - but who do the bookmakers believe will replace him in the Loftus Road hot seat?

Harry Redknapp didn't get any players in on deadline day, and was seemingly so frustrated with the goings on at Loftus Road that he handed in his resignation.

The official line is that Redknapp needs knee surgery and won't be able to take charge of the team anymore, but it comes just hours after owner Tony Fernandes told Redknapp there would be no more money to spend.

QPR sit second bottom of the Premier League table and need an answer quickly - here are what the bookmakers think, according to odds compiled by Oddschecker.

Odds shortening

Real Madrid coach Paul Clement has been assisting Carlo Ancelotti with Chelsea, Paris Saint-German and now at the Bernabeu. The 42-year-old has no managerial experience is considered to be one of the up-and-coming managers of the future - and is now as short as 7/2 with some bookmakers.

Another intriguing but infinitely more unlikely possibility of Rio Ferdinand taking the role! The R's defender is coming to the end of his playing days, and whilst there has been no indication over whether he will take up a position in coaching upon retirement, bookmakers have cut him to as short as 7/1 to take over from Redknapp.

Odds lengthening

Heading in the other direction is MK Dons boss Karl Robinson. The 34-year-old is one of the youngest managers in the Football League, but has the Dons up in second place in League One this season, earning plaudits for his work with youngsters - such as new Tottenham signing Dele Alli - and his attractive brand of football. However, his lack of experience is a knock against him, and bookmakers have moved him back out to 59/1 after some earlier activity.

Another potential candidate drifting out is Kevin Bond. Bond was Redknapp's right hand man at Portsmouth, Southampton, Tottenham and even QPR, where he was serving as assistant manager. His relationship with Redknapp is probably a factor in his odds, which are currently at as long as 7/1, having been 5/1 or lower earlier in the day.

The favourite

The clear favourite right now is former Spurs boss Tim Sherwood. The 45-year-old was part of Redknapp's coaching staff at White Hart Lane and could now replace his former mentor having been sacked by Tottenham back in May. With a 50% win percentage from his time in charge of Spurs, Sherwood may actually be a sensible appointment, and bookmakers have him as short as 1/10 right now.

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