Leicester chairman Milan Mandaric has set a deadline of the first week in June to decide on Ian Holloway's future at the club.

The Foxes' owner hinted that he may undertake a radical overhaul of the entire club structure in wake of the club's relegation from the Championship.

"I am going all the way down, including the manager. I think I am entitled to look at that," he told the Leicester Mercury.

"I will do what is best for the club, not necessarily for Ian Holloway and not necessarily Milan Mandaric. I will do what's best for the club.

"I am looking no later than the first week in June, the second [week] at the latest.

"You need time to give your manager chance to review the staff and players. We are probably going to need to sell players that don't want to stay or didn't contribute."

TeamTalk / Eurosport