Harry Redknapp has been installed as bookies favourite to be next England manager after Fabio Capello confirmed he will step down after the Euro 2012 finals.

Paddy Power make the Spurs boss a well-backed 3-1 favourite with Martin O’Neill next in at 11-2 ahead of 6-1 chances Roy Hodgson and Stuart Pearce.

Other names in the frame at this early stage look harder to see as serious candidates with the likes of Sam Allardyce and David Beckham at 12-1 and Alan Shearer at
20-1.

Should the FA decide to go for the best man for the job again rather than on nationality Jose Mourinho and Guus Hiddink would surely top their list, currently at 20-1 and 25-1 respectively.

Meanwhile, Kenny Jackett is 2-1 favourite to be the next Wales manager after John Toshack stepped down.

The Millwall manager, who won his club promotion to the Championship, has come in from 14-1 in the last 48 hours.

Other names in Paddy Power’s latest odds include Chris Coleman at 10-3 and Brian Flynn at 7-2. These three front-runners are followed by Ryan Giggs at 12-1, Dean Saunders at 14-1 and Gary Speed at 18-1.

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