Even if what you say is correct - and I just don't think football works that way - Holloway could have been placed on 'gardening leave' and someone else given temporary responsibility.
It was unusual, although not unique, for Mandaric to be out of the country for the crucial last game for pressing family reasons - but i think any frustration was because he realised the enormity of the mistake he had made in not moving on Holloway. I also think that it is still sinking in with the club and supporters just how disastrous this situation is - when you realise that we will be playing the winners of the Fourth Division play offs next season rather than Birmingham and derby it begins to hit home.
I also believe that a different manager would not have got Leicester relegated. However I think whilst MM during the season had probably decided IH wasn't up to the job and would part company with him in the summer (at minimal cost than an instant dismissal would), he couldn't have thought that he would really get Leicester relegated. Who would have thought relegation was remotely possible with all that money behind him, some decent players in the team and about the best defense in the division? He probably just thought this under-preforming clown of a manager would leave the team at least 2 or 3 places above the relegation spot. At critical times when it was early enough to dismiss Holloway he unfortunately (in retrospect) managed to pull off the odd good result especially against Palace & WBA which kept him in the job past the point of no return (i.e no dismissal) - if only he had lost those, MM might have acted & dismissed him in time! Once the bad results and form continued MM probably felt he was stuck with the man until the end of the season but at least throwing more money at him in terms of the last ditch loans (Hendrie, Bell & Ethu) would save the club. It only became sickeningly obvious that the manager was even worse than we thought and managed to 'achieve' the unthinkable. Whilst it is history now and we have to look ahead, I'm convinced that whilst the manager had inherited a lot of problems this only made promotion impossible and not relegation inevitable. His team selections, his tactics and his signings resulted in the drop.
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