Next Blackpool Manager: Ex-Luton Town, Stoke and Brighton boss sees odds slashed

There's a new front runner for the vacant Blackpool job.

Grayson, 50, returned to Bloomfield Road last year, having previously led the Tangerines to promotion into the Championship in 2007.

However, a slide in form saw Pool drop to 15th in League One, having been fourth in mid-December, prompting the board to relieve Grayson of his duties following a run of only one win in 12 games in all competitions.

First team coach David Dunn, the ex-Birmingham City and Blackburn midfielder, has taken charge as a caretaker on an interim basis.

On Grayson's sacking, Blackpool owner Simon Sadler said: “Given his past success here, Simon Grayson will always be a part of the Club’s history and I would like to wish both him and Ian Miller well for the future.

However, in an interesting development, the bookies have today installed ex-Luton Town and Stoke City boss Nathan Jones as odds on favourite to take the Bloomfield Road hot seat.

The Welshman is 1/1 on with BetVictor and 9/4 with William Hill.

Ex-Barnsley, Hibernian and Leeds United manager Paul Heckingottom was initially installed as the 5/2 front-runner to replace Grayson last night.

However, the bookies now have Jones as a clear favourite, with Heckingbottom second at 5/2 and Barrow boss and former Blackpool man Ian Evatt a close third at 6/1 with BetVictor and 10/3 with William Hill.

The Tangerines are now 13 points outside the top six, with just 15 games remaining.