Nice (France) (AFP) – Roy Hodgson resigned as England manager following his side’s humiliating 2-1 defeat by tiny Iceland in the Euro 2016 last 16 on Monday.

Hodgson’s contract was due to expire after the tournament and following the match in Nice, he read a pre-prepared statement at his post-match press conference in which he said that he would not be seeking to continue.

“I would have loved to stay on for another two years. However, I am pragmatic and I know we are in the results business,” said the 68-year-old, who succeeded Fabio Capello as manager in 2012.

“My contract was always up after the Euros, so now is the time for someone else to oversee the progress of this young, hungry and extremely talented group of players.”