Kevin Keegan is rumoured to have resigned from his Newcastle job after showdown talks with the club's directors on Monday.
Markets on the first Premier League boss toleave his post this season have been withdrawn by many bookies afterKeegan's odds tumbled.
Sky Bet's Dale Tempest said: "The rumour mill in the north-east is working overtime and the money has followed accordingly.
"The transfer deadline was simply a disaster for Newcastle, withno significant purchases, and we wait to see what Keegan's responseis."
Dennis Wise, the executive director (football) at St James'Park, has already been installed as 4/1 favourite to take over asMagpies manager.
Keegan is reported - by the Daily Mail - to have been 'calledinto a 2pm meeting on Monday which club insiders described as 'veryimportant but not related to
transfer business' and it is believed aheated discussion took place, with managing director Derek Llambiasmaking it clear they were not happy'.
Newcastle signed two players on transfer deadline day butKeegan was not thought to have been involved in signing either Xisco orNacho Gonzalez, while the
club were trying to offload Joey Bartonwithout his consent.
Keegan has a history of walking away from jobs - famouslydeciding in the bath that he would quit England - and there are strongrumours that Keegan has