(Reuters) - Queens Park Rangers have sacked manager Ian Holloway with immediate effect after 18 months in charge, the English second-tier club announced on Thursday.
The 55-year-old Englishman, who was in his second stint at Loftus Road, guided the club to 16th in the Championship this season.
“He joined us at a critical stage as we looked to reduce the wage bill, bring in younger talent and remain competitive on the pitch at the same time,” QPR chief executive Lee Hoos said in a statement.
“However, we are now looking to take the next step as we continue to work through what is a vital period of transition for the football club.”
Holloway, who has departed with 12 months remaining on his contract, won 26 of 80 games in charge, drawing 14 and losing the remaining 40.
Reporting by Hardik Vyas in Bengaluru,; Editing by Neville Dalton