Tim Sherwood has been appointed the new manager of Aston Villa.
The 46-year-old, who was most recently in charge of Tottenham, takes over the Premier League club from Paul Lambert, who was sacked on Wednesday.
A statement on Villa's website read: "Aston Villa Football Club are delighted to announce the appointment of Tim Sherwood as our new manager.
"Tim, 46, joins after a long and successful coaching career with Tottenham, culminating in a short but successful period as manager, and has agreed a contract that will see him take charge until the end of season 2017-18."
59% - Tim Sherwood's Premier League win percentage is better than that of any previous permanent Aston Villa manager (59%). Chosen.
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The chief executive of the Premier League - Richard Scudamore - has dismissed the idea that clubs should increase the wages of their lowest paid employees after TV rights were sold for a record £5.136bn.
The deal means that clubs will see a 70% rise in their income. However, speaking on BBC Radio 4's Today Programme, Mr Scudamore said that it did not make him uncomfortable that some employees are on minimum wage while others earn "half-a-million pounds a week".
The reality is, just like in the film industry, just like in any talent industry, just like in the pop music industry, the talent, the absolute talent... gets paid a disproportionately high amount. Compared with other people that work in the business. That is the reality that goes on in any talent industry.
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Sky Sports have secured five packages and BT Sport have two of the available television rights at a combined cost of £5.14billion, the Premier League have announced.
I make that £1887 per second to show a game
QPR have shortlisted Tim Sherwood, Steve McClaren and Paul Clement for the vacant managerial post.
Harry Redknapp resigned from the Premier League strugglers on Monday citing knee problems as the reason less than 24 hours after failing to make any signings on deadline day.
The names that fans are mentioning to me are names that we are going to consider. I would say 3 interview ... http://t.co/GY9eNrRm3r
Sherwood is the clear bookies favourite having worked closely with newly appointed director of football Les Ferdinand at Spurs, but chairman Tony Fernandes is keeping his options open.
McClaren is unlikely to leave Championship promotion chasers Derby County in the lurch at such a crucial period in the season, which suggests it will may be a straight fight between Sherwood and Clement, who is currently assistant coach to Carlo Ancelotti at Real Madrid.
Clement is also the son of the late QPR player, Dave Clement, who played 472 league games for the club.
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The Premier League is confident its sale of domestic TV rights for the 2016-19 seasons will go ahead next month despite Virgin Media asking broadcast regulator Ofcom to delay the auction.
The sale is due to be completed in early February but Virgin Media wants the outcome delayed until Ofcom has finished its investigation into the complaint lodged by the media company last year.
Ofcom, which could itself have instituted measures to halt the auction two months ago but chose not to, said it would make a decision within days.
The Premier League made Ofcom aware almost two months ago that its next UK live broadcast rights auction process would be taking place in February 2015.
A self-serving media release from Virgin Media should have no bearing on the sale of the Premier League's rights.
Given the global interest in our rights it is essential that we give successful bidders ample time to put plans in place to utilise fully the rights they acquire.
Moreover, the League's sales process will be conducted fully in compliance with competition law and there is no legal basis whatsoever for any interference with the sales process or the legitimate operation of the market.
The auction is expected reach even higher than than the current £3.018billion deal and will include Friday night games.
Ridiculous statement about not wanting to go on loan!!! You get paid the same money when you're on loan?
I'm not here to go back and fourth. I'm fit and ready todo my part in this relegation fight as they may need me at http://t.co/zNRx8eGKh8
Ian Wright has accused QPR manager Harry Redknapp of lying about why his son Shaun Wright-Phillips hasn't left the club on loan this season.
Redknapp suggested that Wright-Phillips, who hasn't featured in any of QPR's Premier League games this season, has refused to join another club on loan because he doesn't want to earn less money.
"We offered him opportunities to go out on loan to Blackburn, Bolton and Charlton," Redknapp said, "but he's got a great contract here... it's very difficult to get that sort of money elsewhere. You can't blame the boy."
Former Arsenal striker Wright correctly pointed out that players earn the same wages when they move out on loan, describing Redknapp's comments as "ridiculous."