Betting: Who will replace Craig Shakespeare as Leicester City manager?

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The Foxes are on the hunt for their third permanent manager in under a year with Chris Coleman favourite to take over according to the bookmakers

Leicester City have parted company with Craig Shakespeare after a poor start to the season which has seen the Foxes pick up just six points from their opening eight matches.

Shakespeare had impressed when taking over from Claudio Ranieri last term, leading the club to a midtable finish and a quarter final place in the Champions League.

The team have failed to reproduce that kind of performance this campaign though, with a 2-0 victory over Brighton their only impressive result of note, albeit those eight matches included clashes with Chelsea, Arsenal, Manchester United and Liverpool. Regardless, the club's owners clearly have little place for sentimentality, having parted company with Ranieri just months after the Italian oversaw one of the biggest upsets in football history.

Chris Coleman Wales

Paddy Power's favourite to take over at the King Power Stadium is Chris Coleman at 7/2 (4.50), with Wales having failed to secure a place at the World Cup. Coleman does have Premier League experience, of course, and if he feels now is the opportunity to move back into club management then this is certainly a very solid opportunity to do so.

Sam Allardyce is priced at 6/1 (7.0) with Paddy Power, although the former England boss recently suggested he wasn't looking for a return to club management. With that kind of price available on one the market principles, it's clear there is no standout candidate at this point in time.

Roberto Mancini was linked with the vacancy after Ranieri's sacking and is listed as a 12/1 (13.0) shot, alongside Guus Hiddink, who would certainly be the kind of high profile appointment that the owners are likely to target intially.

Alan Pardew is 9/1 (10.0), as is Nigel Pearson. The 54-year-old has already had two spells with the Foxes, and although the previous one ended amid a breakdown in relations with the board, Pearson is back in the fold having taken over at Belgian club OH Leuven - who are also under the ownership of the King Power group.

Leicester City manager graphic

Martin O'Neill is 16/1 (17.0) to make a spectacular comeback to the East Midlands where he spent five years in charge, but that seems pretty unlikely given that his Republic of Ireland side have a very realistic chance of reaching next summer's showpiece event in Russia.

Sean Dyche was a short price to take the Crystal Palace job in the summer but has seen his Burnley side excel in the early part of the new campaign so while the budget may be significantly higher than he's used to at Turf Moor, it does seem somewhat unlikely the Clarets boss would move at this particular juncture.

The same 16/1 (17.0) is on offer about either Garry Monk or Gary Rowett taking over, although the latter is currently in charge at Derby County

Get all the latest odds on the next Leicester City manager with Paddy Power
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