England Cricket Board Managing Director Hugh Morris said: "Having discussed this matter with Stuart, I am fully satisfied that he acted in a professional manner at all times and did not breach any confidences regarding fellow England player.
"ECB also accepts the apology Mr Bailey offered last night to the England team via his Twitter account and his reassurances that no professional cricketers were involved in the creation of this site."
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Disappointed England fans have taken to Twitter to react after their side lost to footballing minnows Iceland in Euro 2016.
Hodgson announced his decision to quit within minutes of the final whistle.
Dry overnight, rain by tomorrow afternoon.