From the Guardian :

QPR have placed manager Ian Holloway (above) on ‘gardening leave’ as speculation mounts over the possibility of him taking over at Championship rivals Leicester.

Assistants Gary Penrice and Tim Breaker are also on ‘gardening leave’, with Gary Waddock being appointed caretaker manager at Loftus Road and he will now prepare the side for next Saturday’s derby against Millwall.

Chairman Gianni Paladini told the club’s website: “QPR have not sacked Ian, but we are concerned about recent performances and the effect the speculation about Ian joining Leicester City might have on the players.

Leicester insist they are no closer to naming their new manager – despite Holloway’s suspension. “The process of finding a new manager is still taking place and we won’t be commenting on speculation,” said a club spokesman. “There is no timescale for when we will appoint a new manager.”

Prior to Holloway’s suspension, QPR were beaten by Leeds this past Saturday, 2-0 at Elland Road. Rangers are currently in 15th in the Championship, closer to the drop zone (10 points) than a playoff spot (12 off the pace with 8 clubs seperating them).