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Paulo Fonseca cut to odds-on favourite to replace Steve Bruce as Newcastle manager, with odds PUMMETING from 9/1 to 1/2 in the last 24 hours as punters pile in on the former Roma boss

Paulo Fonseca has emerged as the favourite to replace Steve Bruce as Newcastle boss, with odds plummeting from 9/1 to 1/2 in the last 24 hours as pundits pile in on the former Roma boss.

Bruce's departure was finally announced on Wednesday morning, with Newcastle confirming the veteran coach has left by 'mutual consent'.

Fonseca is currently without a club despite being heavily linked with a move to Tottenham this summer, before the north London outfit eventually appointed former Wolves manager Nuno Espirito Santo.

Newcastle have finally parted ways with Steve Bruce, who has left by 'mutual consent'
It comes after Newcastle lost 3-2 at home to Tottenham on Sunday, with their new Saudi-led consortium watching on from the stands at St James' Park
Paulo Fonseca has emerged as the overwhelming favourite to replace the 60-year-old

The writing has been on the wall for Bruce, 60, particularly after Newcastle's £305million takeover was completed by a Saudi-led consortium nearly two weeks ago.