STEVE Evans has been appointed as the new Peterborough manager less than 24 hours after he resigned from his job with Mansfield, with two national bookmakers installing Swindon Town boss David Flitcroft as favourite to replace him at the OneCall Stadium.

The former Leeds, Rotherham and Crawley boss Evans, who on Tuesday called time on his 15-month tenure at Mansfield, succeeds Grant McCann at the ABAX Stadium, Evans and his assistant Paul Raynor reportedly having signed long-term deals.

Meanwhile bookmakers BetVictor and Skybet have installed both Flitcroft, who has masterminded two victories over Mansfield this season as the favourite to take over from Evans at the Nottinghamshire club.

Flitcroft and former Southend boss Phil Brown were initially 6/4 joint favourites to join the Stags, although Flitcroft subsequently dropped to 1/3 to hit the top of the betting.

Stags chairman John Radford said last night that "the process of appointing a new management team which can lead the club to League One is already underway.''

Meanwhile Peterborough chairman Darragh MacAnthony said of Evans' appointment: "The football club, its staff, academy and first-team players need an experienced promotion winner as first-team manager to take us forward for the immediate future.

"As soon as somebody of the calibre of Steve Evans called to register their interest in the vacant position, there was no time to waste and I made the phone call, potential terms were discussed and we are now in a position to announce Steve as our manager."