Daniel Levy is no stranger to sacking a manager so, after their worst home defeat in 16 years, it was no surprise to see Spurs announce the departure of AVB this morning although it was, of course, 'by mutual consent'.

"The club can announce that agreement has been reached with head coach Andre Villas-Boas for the termination of his services," Spurs said, in a statement. "The decision was by mutual consent and in the interests of all parties."

Pressure was on AVB after the 6-0 reverse to Manchester City last month, but Spurs staged a mini-revival with a creditable draw against Manchester United followed by wins over Fulham, Sunderland and Anzhi, in the Europa League.

But the 5-0 mauling by Liverpool on Sunday in front of their own fans was a step too far for Levy and the Spurs board and they have taken action. Whoever takes over will become the 10th manager in 12 years under Levy as chairman.

The early Betfair market has former England manager - and current Russia boss - Fabio Capello as [3.65] favorite due, no doubt, to his close links with Tottenham technical director, Franco Baldini.

Next up in the market is Swansea manager Michael Laudrup ([6.0]) who has won admirers for winning a trophy for the Swans as well as playing good football.

Former Spurs boss Glenn Hoddle is available at [11.5] to make an unlikely return to the Lane, while Tim Sherwood, who is technical co-ordinator (ie works with the young players) at Tottenham, can be backed at [13.5].

In this afternoon's Europa League draw, Tottenham have been paired with Dnipro - managed by former boss Juande Ramos. The north London club can be backed at [8.0] to win the competition.