Crystal Palace have announced that Ian Holloway has left his position as manager of the Premier League club.

The news was confirmed at a press conference this evening, with Palace chairman Steve Parish revealing that the relationship was ended by mutual consent.

Holloway's position had been called into question following Monday's 4-1 defeat to Fulham, a result that left the club in 19th position in the table.

Holloway told reporters at the press conference: "I'm proud to have been involved with Palace and I wouldn't want to out-wear my welcome."

The former Blackpool boss led Palace into the Premier League via the Championship playoffs last season.