Neil Warnock quits Leeds - Football - Sport - London Evening Standard - http://is.gd/xC0AJ3

Dubai-based investment bank GFH Capital are facing a crash-course in the minefield of English football this morning as Leeds United, the Championship club they acquired in December, begin the search for yet another manager.

Neil Warnock, who was appointed in February last year, walked away from the Elland Road job six games ahead of schedule last night following a 2-1 home defeat to Derby County. Always destined to retire at the end of the season, fans anger at a third straight defeat and a sixth game without a win hastened Warnock’s exit.

“The fans made their feelings clear,” Warnock said after the game. “I think it’s right that someone takes over until the end of the season now, and that is what I have told the owners.

“It’s so frustrating. This has been the hardest year in my 33 years as a manager.”

For GFH Captial, appointing the his successor will be seen as a key barometer of their ownership.

The investment bank is already facing questions over their long-term commitment to the club after a quiet January transfer window and the recent sale of 10% of their stake to another Bahraini bank, IIB, while rumours still persist that Yorskhire businessman Steve Parkin will buy a controlling interest in Leeds before the end of the season.

Having to now replace the man GFH Capital publicly heralded in their first press conference as owners throws this uncertainty into stark relief.

After the match, Leeds United’s chief executive, Shaun Harvey, bought some time by announcing that Neil Redfearn, manager of the development squad – effectively the reserve side – will assume control for the remainder of the season.

In an official statement Harvey said: “We now need to look to the future and the search for his replacement is underway, for which there is no fixed timescale as securing the services of the right person is the primary objective, so as to give us the best chance of promotion next season.”

With Warnock’s exit widely accepted for much of 2013, a number of names have already been in circulation. Former Southampton manager Nigel Adkins was an early favourite, as was Paolo Di Canio, although they have both since found employment in the Premier League.

Of those actively seeking work, ex-Reading boss Brian McDermott, Martin O’Neill, recently sacked by Sunderland, and Owen Coyle, unemployed since leaving Bolton in October, have been installed as favourites. Gus Poyet, now at Brighton but once an assistant to Dennis Wise at Leeds, has also been repeatedly linked with the position.

With Leeds facing a tenth season outside the Premier League, however, it's clear another stop-gap won't appease a frustrated and increasingly fractious fanbase.

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