Next England Manager Betting Odds: Lee Carsley odds SLASHED into 5/1 favourite to replace Gareth Southgate after U21's European Championship victory!

Lee Carsley is now the 5/1 favourite to be the next England manager

England U21's manager Lee Carsley is now the 5/1 favourite to be the next England manager after leading the under-21 side to winning the European Championship on Sunday.

The Young Lions won the European Championship in Georgia at the weekend for the first time in 39 years after a 1-0 victory over Spain.

Bookmakers instantly slashed Carsley's odds to replace Gareth Southgate as England boss next and there are a whole host of potential suitors for the manager if he decides to leave his role.

The latest betting market has Carsley as the favourite to be the next England manager and follow in Southgate's footsteps in moving from the U21 role to become England's first team boss.

England U21s won the European Championships on Sunday in a dramatic win against Spain

England's U21 side won the European Under-21 Championship for the first time in 39 years on Sunday after what was a dramatic game against Spain.

England ran out 1-0 winners thanks to a Cole Palmer free-kick that deflected off Curtis Jones but that doesn't tell the full story of the game in which James Trafford became a hero.

Trafford is the goalkeeper for England and he saved a 99th minute penalty before another fantastic stop on the follow up shot which ended up winning the match for England.

Carsley is also favourite for the Republic of Ireland job after links to him taking over

Lee Carsley has been linked with the Republic of Ireland manager's job should they decide to sack Stephen Kenny with reports suggesting his job is on the line.

Kenny faces the sack if Ireland don't pick up points in their September qualifiers according to reports in the Irish Times and with that could become Carsley's time to manage.

Carsley represented Ireland 40 times after qualifying through his grandmother who is from County Cork and that may well see Carsley want to become the manager of Republic of Ireland's national side.

The latest betting odds from Paddy Power are short for Carsley, with the England U21's manager now 6/4 to be the boss of Republic of Ireland.