Everton have announced Ronald Koeman has left Southampton to become their new manager, signing a three-year contract.
The Toffees have been on the lookout for a new boss since parting company with Roberto Martinez towards the end of last season after a poor Premier League campaign.
The Merseysiders have now turned to Koeman to get them back on track, the Dutchman having enjoyed great success during his two years with Southampton.
The Saints finished sixth in the Premier League last season, securing a place in the Europa League, while breaking the club's points record in the process.
The 53-year-old, who has previously had stints in charge of PSV Eindhoven and Valencia, will now move to the north-west after Everton agreed to pay Southampton £5million in compensation.
Koeman will take his brother and assistant manager Erwin, along with fitness coach Jan Kluitenberg, with him to Goodison Park as part of the agreement with the Saints.
Everton chairman Bill Kenwright claims Koeman was always the club's number one target to succeed Martinez and is delighted to have landed the ambitious coach.
"Ronald has such a strong track record in the game, instantly commanding respect for what he achieved as a player and for his qualities and accomplishments as a manager," said Kenwright.
"We are really pleased to have secured the man who was our number one target from the moment we set out to appoint a new manager."
Following the takeover of Farhad Moshiri earlier this year, Koeman is expected to have plenty of funds available to him to improve his squad during the summer transfer window.
Everton are 1000/1 to finish in the top four next season, while they are 25/1 to end the 2016/17 campaign in the top six.
Bournemouth have confirmed Harry Arter has signed a new three-year contract, becoming the latest member of Eddie Howe's squad to commit his future to the club.
Central midfielder Arter has enjoyed a rapid rise to fame at the Vitality Stadium since joining from non-league Woking for £4,000 in 2010.
The 26-year-old has been integral to the Cherries' rise up the football league and featured 21 times for the south coast club in the Premier League last season as they survived their first campaign in the top flight.
Arter's good form for Bournemouth last season saw him called up to the Republic of Ireland squad for Euro 2016, only for a thigh injury to deny him the chance to go to France this summer.
Having remained at home, Bournemouth have taken the opportunity to improve Arter's contract, handing him an extension until 2019.
"We're delighted to secure Harry's long term future at the club," said AFC Bournemouth chief executive Neill Blake.
"Harry has been on every step of the journey and he has been an important figure in our rise through the leagues.
"He has made over 200 appearances for the club and has also become an international footballer, so we're really pleased to give Harry this new deal."
Arter is the second player in as many days to sign a new deal with Bournemouth after goalkeeper Adam Federici inked a three-year extension on Monday.
Both men will hope keep themselves in the first-team picture next season when Bournemouth are 2000/1 to be relegated back to the Championship.
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Algeria international Sofiane Feghouli is excited about the prospect of playing in England after signing a three-year contract with West Ham United.
The 26-year-old has been captured by the Hammers on a free transfer after spending the last six years with Valencia.
The winger scored 42 goals in 243 appearances for Los Che having moved to Spain from French side Grenoble in 2010.
Feghouli, who has scored 11 goals in 40 appearances for Algeria, said: "I am very happy to sign for the Hammers and for Slaven Bilic. The history of the club is important for me in my decision.
"Playing in the Premier League is very important for players in their careers and I am happy to play for the Hammers."
Feghouli was named the 2012 Algerian Footballer of the Year and has featured in three major tournaments for his country.
He helped the Desert Foxes qualify for the 2014 World Cup in Brazil and scored a penalty in the tournament against Spain.
He is the Hammers' second signing this summer following the arrival of Borussia Monchengladbach midfielder Havard Nordtveit.
West Ham have qualified for the 2016/17 Europa League and will be involved in the third qualifying round, the draw for which takes place on 15th July.
Last season, Bilic's side knocked Lusitanos and Birkirkara out of the competition before being beaten 4-3 on aggregate by the Romanian side Astra Giurgiu in the third qualifying round.
West Ham can be backed at 1000/1 to finish in the top six of the Premier League in 2016/17 and at 4500/1 to clinch a top-four spot.
Former Manchester United central defender Jaap Stam has been confirmed as the new manager of Championship side Reading.
The Royals have been looking for a new man to take over the Madejski Stadium hotseat in preparation for the 2016-17 campaign after sacking Brian McDermott following the end of last season after less than six months of his second stint at the club.
Reading are very ambitious like I am and want to get back to the Premier League. Hopefully we can have a good partnership and get there.
And 43-year-old Stam, who played 67 times for the Netherlands and enjoyed spells at Ajax, Lazio and AC Milan during his playing career, will now get the chance to cut his teeth in management with the Berkshire outfit.
Stam, who has signed a two-year contract and becomes Reading's first non-British manager, told the club's official website: "Reading are very ambitious like I am and want to get back to the Premier League. Hopefully we can have a good partnership and get there."
"Everyone knows that teams in the Championship are very competitive," he added. "It's not going to be easy, but we'll work very hard."
Stam will be joined by fellow Dutchmen Andries Ulderink and Said Bakkati on his coaching team, while Steven Reid and Dave Beasant will stay on in their first-team coaching roles.
Reading are 6/5 to win promotion next season, while they can be backed at 4500/1 to win the Championship title.
Leicester City defender Danny Simpson hopes that Jamie Vardy decides to turn Arsenal down and remain at the King Power Stadium.
It was reported earlier this month that the 29-year-old former Fleetwood Town star had told Arsenal that he would make a decision on whether to join them once England's European Championship campaign was over.
The Gunners are believed to have offered the Foxes £20million to secure Vardy's services.
"I have spoken to Jamie. Everyone wants him to stay. We would like everyone to stay, even if it's just for one more year," said Simpson.
"It's his decision, and he says he wants to concentrate on the European Championships. Jamie knows what I think of him as a lad and a player.
"No money can buy the bond that we have got at the club. It's a special group. Why not carry on and kick on as a group and squad?"
Vardy scored 24 goals for Leicester they were crowned Premier League champions in 2015/16 and he was named as the Football Writers' Association's Footballer of the Year.
He was an unused substitute as England opened their Euro 2016 campaign with a 1-1 draw against Russia on Saturday, and Simpson hopes his club colleague will be given the chance to shine against Wales on Thursday.
Vardy is 7/4 to score at any time against Wales while Leicester are 4500/1 to win the Premier League title in 2016/17 and 2000/1 to finish in the top four.
"I was disappointed he didn't start (against Russia) never mind that he didn't come on. I am sure he will get an opportunity soon," Simpson added.
Tony Walmsley had the safest job in Australian football last season, but that's all set to change for the Central Coast Mariners coach.
When former Sheffield United academy boss Walmsley took over for the start of last season, club owner Mike Charlesworth gave him a mandate to entertain fans rather than worry about results.
That had predictable consequences, as the Mariners finished bottom of the table with just 13 points from their 27 games.
It seems that policy was a one-year experiment, though, as attendances at Central Coast Stadium dropped off in the second half of the season with fans sick of watching a losing team.
Charlesworth's confirmed Walmsley will coach the Mariners – who finished 12 points adrift last season – for the 2016/17 campaign but insists the team have to be more successful.
"Stability is a good thing but I don't think any coach believes they are not sackable," he said.
"There's always that possibility in any well paid position; the axe is always there in the background if you under-perform.”
One of the reasons the owner put a premium on playing entertaining football last season was as a reaction to the defensive style of play in the previous season under Phil Moss.
The Mariners won 20 of Moss' 53 games in charge, and finished third in 2013/14, but Charlesworth felt the drop-off in results under his successor was due in large part to playing young players and spending far less than any other club in the A-League.
Speaking of his philosophy for next season, Charlesworth said: "We do have to get results … that's for sure. In doing that we won't be playing dull football, I can assure you.
"What we will not be doing is going back to a stifling defensive style of football because, in the long run, that would have a detrimental effect.”
Central Coast are 12121/1 to win the Grand Final.
Tony Walmsley's former team Sheffield United are 1/10000 to win the League 1 championship.
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Bolton Wanderers have named Phil Parkinson as their new manager as they attempt to win promotion back to the Championship at the first time of asking.
The 48-year-old joins Bolton from League One rivals Bradford City, after the two clubs agreed a compensation package.
Parkinson guided Colchester United to promotion to the Championship in 2005/06 before taking the Bantams to League One via the League Two play-offs in 2012/13.
He also led Bradford to an unlikely League Cup final appearance during his time in West Yorkshire and to a famous FA Cup victory at Chelsea.
In the 2012/13 season, the Bantams beat Premier League sides Wigan Athletic, Arsenal and Aston Villa to become the first team from English football's fourth tier to reach the final since 1962. They were then thrashed 5-0 in the Wembley final by Swansea City.
In January 2015 Parkinson's side hit back from two goals down to beat Chelsea at Stamford Bridge in the fourth round of the FA Cup with Jon Stead, Filipe Morais, Andy Halliday and Mark Yeates all getting on the scoresheet.
Parkinson has signed a two-year contract with the Trotters and will be joined by assistant manager Steve Parkin at the Macron Stadium.
Bolton can be backed at 1/10000 to be promoted from League One in the 2016/17 campaign, while Bradford City are 10/11 to go up, Walsall at 1000/1 and Milton Keynes Dons at 1000/1.
Sunderland manager Sam Allardyce has persuaded the veteran former Tottenham and West Ham striker Jermain Defoe to pen a contract extension.
The 33-year-old played a key role in helping the Black Cats avoid relegation from the Premier League last season, finding the net 18 times in all competitions.
He will now remain on Wearside until the end of the 2018/19 campaign.
Defoe joined the Black Cats from Toronto FC in 2014 in a swap deal with Jozy Altidore, and has since gone on to score 22 goals in 53 appearances for the club.
Allardyce said: "Jermain is one of the greatest goal-scorers in the history of the Premier League and is a player that every manager would want to have in their team.
"He proved that beyond doubt last season by scoring 15 league goals. He is in fantastic physical condition and we are very pleased that we have been able to extend his stay with us."
England international Defoe made his name at West Ham before moving to Tottenham in a £7million deal 12 years ago.
He scored 43 goals in 139 league appearances for Spurs, 50/1 to win the Premier League title in 2016/17, before moving to Portsmouth in January 2008.
He returned to White Hart Lane 12 months later for £15million before heading to Canada two summers ago after scoring another 48 Premier League goals for Spurs.
Sunderland are 1/2000 to be relegated in 2016/17, while Crystal Palace can be backed at 16/1 to go down and Middlesbrough at 1/2000.
Quique Sanchez Flores has been named as Espanyol's new manager less than a month after leaving Watford.
The 51-year-old, who has penned a three-year contract with a team that finished 13th in La Liga last season, succeeds the Romanian Constantin Galca, who had been in charge of Espanyol since December.
Flores spent only one season at Vicarage Road as Watford finished 13th in the Premier League following their promotion from the Championship in 2014/15. He also guided them to the semi-finals of the FA Cup where they were beaten by Crystal Palace.
Watford have already announced that the former Inter Milan boss Walter Mazzarri will become their head coach at the beginning of July.
The 54-year-old Italian, who has also managed Sampdoria and Napoli, has signed a three-year contract at Vicarage Road.
Watford have been owned by the Pozzo family since June 2012 and they are also in charge of the Italian club Udinese and Spanish side Granada.
Watford can be backed at 300/1 to be relegated from the Premier League in 2016/17 while David Silva is 66/1 to be Spain's top goalscorer at Euro 2016.