Now that relegation to League One has been confirmed, the next Leicester manager odds market is hotting up. Current boss Gary Rowett will definitely leave his post upon the expiry of his contract but who will lead the Foxes in England’s third tier in 2026-27?
A number of names are already in the running to take over at the King Power. Their startling fall from grace comes on the tenth anniversary of their iconic Premier League win and here at BetVictor News, we examine the most likely candidates who could be tasked to restore the club to its former glories.
There’s no denying it won’t be an easy feat to get the Foxes promoted to the EFL Championship at the first attempt. Especially with the financial problems the club is experiencing presently. Whoever takes the role will need plenty of grit, determination and passion to get Leicester firing once again.
Next Leicester Manager Odds: Russell Martin And Chris Davies Head The Betting At 5/1
After his disastrous spell at Rangers, Russell Martin is the joint-favourite in the next Leicester manager odds market. Martin has been out of work since his record-breaking 123-day spell in Glasgow came to an end in October 2025.
Foxes fans may be pessimistic about Martin’s possible arrival but he certainly has the potential. As a player, Martin spent the bulk of his playing career in the EFL and has done so far as a manager. He famously won the Championship play-off final with Southampton against Leeds in 2024.
His time at MK Dons, Swansea and Rangers were less memorable or successful but his early work at St Mary’s could provide the remedy the Foxes need. In the 2023-24 campaign, the Saints came out on top for metrics such as most shots (745), most shots on target (275), completed passes (32,194), and final third passes completed (8,542).
As for Chris Davies, the current Birmingham boss can also be backed at 5/1. After setting a new EFL points record of 111 with the Blues in their title-winning 2024-25 League One campaign, the Hertfordshire-born boss has led the club to a top-half finish on their Championship return this campaign. However, Birmingham may be tempted for a change owing to their Premier League aspirations.
Ralph Hasenhuttl, Michael Skubala And Alan Sheehan In The Mix For The Leicester Job
Interestingly, Ralph Hasenhuttl (8/1) has history with Leicester. When he was in charge of Southampton, the Foxes thrashed the sorry Saints 9-0 at St Mary’s in 2019-20. That defeat was mirrored in 2020-21 when the Hampshire side were tonked by the exact same scoreline against Man United. Despite this, Hasenhuttl still has a fairly decent reputation in England.
Elsewhere, Lincoln’s Michael Skubala is also favoured in the next Leicester manager odds market. Skubala lead the Imps to the 2025-26 League One title and will be in-demand this summer. He is currently priced at 10/1 which offers potential, and the lure of remaining in the third tier to help the Foxes earn promotion may prove tempting.
Completing the top five is Alan Sheehan (12/1). The Irishman actually played for Leicester at the beginning of his career before representing no fewer than ten different clubs in the EFL. In the dugout, Sheehan oversaw Swansea as a caretaker in 2023-24 before getting a full-time role which ended in November 2025.
Could Enzo Maresca Make A Return To Leicester? England Legends Steven Gerrard And Gareth Southgate Also In The Running
For those looking for a decent chunk of value when it comes to League One betting, then there’s a number of names to consider. After leading Leicester to the EFL Championship title in 2023-24, Enzo Maresca is available at 14/1. The Italian left for the Chelsea job after his only season at the King Power where he enjoyed mixed fortunes in west London.
Meanwhile, Steven Gerrard (16/1) and Gareth Southgate also offer value (25/1). Both can be considered long-shots – especially Southgate – but there is potential with Gerrard. The Leicester job could be the perfect remedy to help steer his managerial career back on track.
Other names in the market include Ole Gunnar Solskjaer (16/1), Andy King (16/1), Graham Alexander (16/1), Ryan Mason (20/1), Ange Postecoglou (25/1), Robbie Savage (25/1) and Martin O’Neill (33/1).
*odds correct at the time of publication, April 27, 2026.
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