Having lost their previous six Premier League games, Fulham have become the first Premier League club to part ways with their manager this season.
Slavisa Jokanovic drew plenty of plaudits for guiding the Cottagers back into the top-flight. However, having taken just five points from 12 league matches this term, things were looking bleak for the London club and they've acted accordingly.
“I wasn’t anticipating having to make this announcement related to Slavisa and wish the circumstances were such that I didn’t have to, but our path this season has led me to make what I know is the correct decision, at the right time, for our players, the Club and our supporters,” Fulham owner Shahid Khan said in a statement that confirmed the managerial change.
William Hill are 6/4 (2.50) that Fulham remain in the top flight, the joint biggest price available on any team in that market together with Cardiff and Huddersfield.
The same firm go 1/2 (1.50) that the Cottagers make an immediate return to the Championship, again, the same price as the other two teams occupying the relegation places after a dozen games.
The Foxes parted company with Ranieri the following season though, with the club's domestic fortunes dipping dramatically despite impressive performances in their maiden Champions League campaign.
The 67-year-old spent three and a half years in charge at Chelsea between September 2000 and May 2004 and led the Blues to a second-place finish and a Champions League semi-final during that spell. The outgoing Jokanovic was actually Ranieri’s first signing at Stamford Bridge in October 2000 for £1.7m.
The Italian's priority will surely be to tighten up a defence that has conceded a staggering 31 goals so far this season. Only one team in Premier League history (Barnsley in 1997-98) had conceded more at this stage.
There is a familiar look about the fixture list awaiting the new arrival. Ranieri's first game in charge sees Fulham as 17/10 (2.70) chances to beat Southampton at Craven Cottage. Following that the struggling side are 16/1 (17.0) underdogs against one of their new managers' former clubs, Chelsea. Following that the Italian will face Leicester City on December 5.