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Very best of luck to Ian Holloway who did a lot for QPR as both player and manager. Holloway was QPR's longest-serving manager in almost 40 Years (since Alec Stock) All QPR fans should be grateful for what he did for us.
Leicester Official Statement
Posted on: Fri 23 May 2008
Leicester City and manager Ian Holloway have today parted company by mutual consent.
Discussions have been on-going between the two parties since the club were relegated to the third tier of English football for the first time in their history earlier this month.
However, Chairman Milan Mandaric today confirmed that the Foxes and Holloway had opted to go their separate ways ahead of the 2008/09 campaign.
He said: "This has been a very difficult decision for all parties but, after taking stock and holding several constructive meetings, we have agreed that the time is now right.
"I would like to place on record my thanks for the way in which Ian has worked tirelessly over the last seven months to try to bring success to this club.
"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 game.
"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."
Holloway took over the reins at the Walkers Stadium last November but was only able to guide the Foxes to nine victories from 32 matches, with their goalless draw at Stoke City on the final day of the season not being good enough to stave off the drop down to League One.
Holloway added: "Leicester City is a marvellous club and I am as devastated as anybody that this great club suffered relegation.
"I gave 100 per cent to the cause but unfortunately we ran out of time.
"The fans here are a different class and deserve a lot, lot better.
"I'd like to wish everyone connected with Leicester City well for the future - the club will always remain close to my heart."
No further comment will be made at this time. Leicester Official Site
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