Chris Coleman Tipped for Sunderland Job as Wales Boss Sees Black Cats Manager Odds Slashed

Chris Coleman has been installed as the new favourite to take up the reins at Sunderland after the Wales boss odds were slashed on Thursday morning.

Coleman saw his odds drop, according to the Northern Echo, as punters seemingly got wind of him reportedly being touted as the next incumbent in the Black Cats' managerial hotseat.

Sunderland have been without a first-team head coach since Simon Grayson received his marching orders just four months after taking over from David Moyes in June.

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The Championship outfit have undergone a painstaking search over the past three weeks as they look to appoint the right man to lead them out of the bottom of the league table and into the upper echelons of England's second division.

Coleman is believed to be giving serious consideration to ending his time at the helm of Wales after he failed to take the Red Dragons to their first World Cup since the 1958 tournament in Sweden.

Wales were pipped to second place in their group by the Republic of Ireland after they fell to a 1-0 defeat to Martin O'Neill's team in their final qualifying match in October, and Coleman's future has been discussed at length by the media ever since.

Coleman is said to be meeting with the Welsh FA's board on Friday to talk about whether he plans to stay on or not and, whilst the FAW remain keen on retaining his services, the 47-year-old could look to call time on his four-year spell in charge.

Coleman could be swayed into staying if the FAW agree to extend the contracts of key backroom staff Ryland Morgans and Ian Mitchell, and hand over significant funds to invest in the nation's youth development programme.

Failing that, Coleman could opt to take his leave and try his hand at club football management for the first time since leaving Greek side Larissa in 2011.

The former Swansea boss has also been linked with the vacant post at Rangers, but would arguably be handed a bigger salary packet and a bigger transfer kitty at Sunderland then the Gers.