Well, it’s two weeks since Fab resigned 19 months later than he should have done and it’s finally time for me to pick up my virtual pen and appraise the current situation.

Personally, I think Capello should have gone after the shambles of the World Cup in South Africa. If you’d said in July 2010 that he wouldn’t have been in charge for Euro 2012, I don’ t think many people would have disagreed with you: arguably the bigger surprise is that he was still in charge less than six months before the tournament started.

The big problem the FA faces with his abrupt departure is whether the process of finding a new manager should be begun immediately or after the European Championships.  Stuart Pearce will be in charge for the friendly against the Netherlands next week but the bookies make the loveable but dysgraphic Cockney dog walker Harry Redknapp the favourite for the job – in fact, if Redknapp’s odds were any shorter it’d be worth betting against him getting the job.

However, despite being the people’s choice there are some issues surrounding Redknapp. He’s only won one major domestic honour (the FA Cup with Portsmouth four years ago – and they beat a Championship side to do it) and – if as seems likely – he has to fulfill his obligations to Spurs before he leaves them, there’s the prospect that he might only have twelve days in which to familiarise himself with the job. Spurs’ last game is scheduled for May 13th: England’s first warm up for the Euros is against Norway on May 25th.

The main issue that seems to have finally exhausted Capello’s patience is the decision by the FA to strip John Terry of the captaincy of the England team. Regardless of what you think of the decision or why it was made, it seems to have been the catalyst for Capello’s resignation – presumably because he thought he was the only authority who could remove the honour from Terry. It looked likely that the former captain would travel to the Euros in some capacity (although probably not in the seat next to Rio Ferdinand), but following today’s news that the Chelsea defender will be out for two months it looks as if Terry might miss what looks increasingly like his international swansong: he’ll be 32 in December.

It seems unlikely, but with Capello gone, Terry a possible doubt and Rooney missing the first two games this summer due to that bloody stupid red card he picked up in Macedonia, fan expectations could be more realistic for this tournament than they have been for previous ones. England are currently fourth favourites behind Spain, Germany and Holland which looks about right – until you remember that the previous winners have never successfully defended the trophy and neither ourselves nor the Dutch have ever won it.

So if ‘Arry is as canny as most people seem to think he is, I’d not be surprised if the following scenario occurs:

He stays at Spurs until the end of the season, with a big Cockney farewell knees up at White Hart Lane (the last game of the season is against Fulham). Harry then goes straight into the England job and manages to get through the group stages before the customary knock out by the eventual winners – at which point he’s largely absolved for any blame because he’s hardly had any time in the position. So his first real task will be qualifying for the World Cup in Brazil: Redknapp may be secretly hoping that John Terry may have announced his international retirement at that point.

We’ll see…