Wednesday 23 October 2013
Crystal Palace have announced that they have parted company with their manager Ian Holloway by mutual consent.
"I have to hold my hand up and say we didn't keep the spirit that got us up"
The decision, which was announced at a press conference on Wednesday afternoon, came following the 4-1 home defeat by Fulham which left the Eagles second from bottom of the Barclays Premier League in their first season back in the top-flight for eight years, with three points from eight matches.
Holloway attended the press conference along with the club's co-chairman Steve Parish, and was prepared to take the blame for his side's disappointing start to the campaign.
"I have to hold my hand up and say we didn't keep the spirit that got us up," said the 50-year-old, who guided Palace to promotion from the Championship season. "We changed too much too quickly.
"Someone new coming in now with a tad more experience at this level will have 30 games left [to turn the club's fortunes around]. Seven defeats out of eight is not good enough."
Parish said: "Ian felt that a new approach might help keep us in the division. I've enjoyed every minute of working with Ian. He leaves our club with his head held very high. I'd like to put the record straight. We've never fallen out. We've worked together brilliantly. We feel we need to move on to progress."
Holloway took over at Selhurst Park last November following the departure of Dougie Freedman to Bolton Wanderers and guided Palace to the top-flight via the Championship play-offs.
After starting his managerial career with Bristol Rovers, Holloway led Queens Park Rangers to promotion to the Championship. Spells at Plymouth Argyle and Leicester City followed before he took Blackpool to the top flight in his first season at Bloomfield Road.
Holloway becomes the second managerial casualty of the season following the dismissal of Paolo Di Canio as head coach of Sunderland.
Palace will seek their second Barclays Premier League win of the season at home against Arsenal in Saturday's 12.45 kick-off.