London: National Under-21 coach Gareth Southgate is the early favourite of a not very long list of mooted candidates to replace Roy Hodgson as coach of England following their embarrassing exit at Euro 2016.

Gareth Southgate and Roy Hodgson
Gareth Southgate and Roy Hodgson

Having flirted with foreign coaches such as Sven-Goran Eriksson and then autocratic Italian Fabio Capello before bringing in the Hodgson, the Football Association (FA) are likely to go for an Englishman if the bookies are to be believed.

Southgate — best known for missing a spot-kick in the Euro 96 semi-final penalty shoot-out defeat against Germany — restored some of his reputation with victory at the prestigious Toulon tournament in May having had a disappointing European Under-21 campaign last year.

Hodgson said, "I would have loved to stay on for another two years. However, I am pragmatic and I know we are in the results business," said the 68-year-old, who succeeded Capello as manager in 2012.

"My contract was always up after the Euros, so now is the time for someone else to oversee the progress of this young, hungry and extremely talented group of players.

"I'm extremely disappointed of course about tonight's result and ultimately our exit from the competition," Hodgson said.