File photo dated 07/10/2011 of England manager Fabio Capello. PRESS ASOCIATION Photo. Issue date: Wednesday February 8, 2012. Fabio Capello today left his post as England manager in the wake of the Football Association's decision to strip John Terry of the Three Lions' captaincy for a second time. See PA story SOCCER England. Photo credit should read: Owen Humphreys/PA wire. Use subject to FA restrictions. Editorial use only. Commercial use only with prior written consent of the FA. No editing except cropping. Call +44 (0)1158 447447 or see www.paphotos.com/info/ for full restrictions and further information.

Fabio Capello quit as England manager following a meeting with FA chairman David Bernstein and general secretary Alex Horne at Wembley Stadium.

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An FA statement read: “The Football Association can confirm that Fabio Capello has today resigned as England manager.

“This follows a meeting involving FA chairman David Bernstein, FA general secretary Alex Horne and Fabio Capello at Wembley Stadium.

“The discussions focused on the FA board’s decision to remove the England team captaincy from John Terry, and Fabio Capello’s response through an Italian broadcast interview.

“In a meeting for over an hour, Fabio’s resignation was accepted and he will leave the post of England manager with immediate effect.”

Bernstein said the resignation was the right course of action.

The FA chairman said: “I would like to stress that during today’s meeting and throughout his time as England manager, Fabio has conducted himself in an extremely professional manner.

“We have accepted Fabio’s resignation, agreeing this is the right decision. We would like to thank Fabio for his work with the England team and wish him every success in the future.”

Capello was in charge of 41 England matches , winning 28, drawing four and losing six. In competitive matches the record was played 22, won 15, drawn 5, lost 2.

Tottenham manager Harry Redknapp is the hot favourite to take over from Capello having acquitted earlier in the day of tax fraud.