QPR set to appoint Ian Holloway as Jimmy Floyd Hasselbaink's successor

The 53-year-old spent five years in charge at Loftus Road between 2001 and 2006

Holloway is expected to return to manage the west London club for the second time (Getty)

Ian Holloway is set to be named as the new QPR manager after the club sacked Jimmy Floyd Hasselbaink on Saturday.

Holloway has previously been in charge of the London club, spending five years there as manager before leaving for Leicester City ten years ago. The odds-on favourite for the job also played at Loftus Road for five seasons between 1991 and 1996.

QPR interviewed their former manager on Monday and it is believed that Birmingham boss Gary Rowett is the only alternative candidate for the role. However Birmingham have received no official approach for Rowett, and Holloway is now 1/12 to be given the job.

The 53-year-old guided Blackpool and Crystal Palace into the Premier League in 2010 and 2014 respectively before spending one and a half years at Millwall.

He was sacked for the only time in his career by the Lions in March of last year and since then has worked as a pundit for Sky Sports. However he is now set for a return to coaching.

Hasselbaink was fired after overseeing just 14 wins in 47 games, with the Championship club sitting just six points above the relegation zone.

A dismal run of form, with QPR winning just two league games since late August, leaves them in 17^th position as they prepare to face Norwich City after the international break.

Tim Sherwood was tipped to be Hasselbaink’s replacement but has today been appointed director of football at Swindon Town, leaving Holloway as the bookies’ favourite for the position.