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2nd December 2015
01:50pm GMT
Plenty have been quick to suggest that Neville's work in Spain could be a stepping stone for him to eventually replace Hodgson as England manager, whereas others have pointed out that it could also put him in the running for the Manchester United job.
While it's a popular school of thought that Ryan Giggs will inherit the role as United manager when Louis van Gaal departs, it's also worth noting that Neville could now be about to launch himself as a contender.
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Giggs has worked alongside Louis van Gaal for nearly 18 months but there are nagging doubts in the minds of United fans that he will have the necessary experience to take over the role as manager.
Neville's decision to take the Valencia job is a bold one with no guarantees that it will be a success. But although there's an obvious risk involved, the job will allow him to gain invaluable experience as the manager of a club - a big club, too.
In many ways, it would have been the perfect opportunity for Giggs to (temporarily, at least) sever his ties with United and prove that he can handle the pressures associated with being a manager.
If Neville proves does prove a success in Spain, in the minds of many, he'll have put himself ahead of his old friend in contention for the Old Trafford job.Explore more on these topics:
