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'I think I've earned the right to step back': Roy Hodgson confirms that he will leave Watford and go back into retirement at the end of the season, as the veteran manager, 74, receives CBE at Buckingham Palace for his services to football

Former England manager Roy Hodgson has confirmed that he will not be staying on as Watford manager next season, with the Hornets all-but-relegated from the Premier League.

The 74-year-old was appointed Hornets boss in January and was tasked with keeping the club in England's top flight, but last weekend's 2-1 defeat at home to relegation rivals Burnley has effectively consigned them to the drop.

Watford now sit 12 points behind Burnley and Leeds in 16th and 17th respectively, but have just four matches remaining, meaning they would need maximum points and their rivals to lose every match left to be played this season.