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In 1997, Wilkins became the manager of Fulham, with former England teammate Kevin Keegan as "Chief Operating Officer" under him. Wilkins managed to take the big-spending side to the Second Division play-offs, but was sacked by chairman Mohamed Al-Fayed before the first game took place after Fulham lost the last three games of the regular season. Kevin Keegan, who replaced Wilkins, failed in his bid to guide the side through the play-offs that season. The two, once close England team-mates, have had frosty relations since.
After leaving Fulham, Wilkins worked as a coach at Chelsea and Watford as a coach under Gianluca Vialli, on both occasions being sacked along with Vialli (in September 2000 and July 2002 respectively). He spent the next year working mainly as a pundit before joining Millwall as assistant manager to Dennis Wise in October 2003. Wilkins left the club along with Wise in May 2005, but returned in a consultancy role from March to October 2006. He continues to work as a pundit with Sky Sports.
Ray Wilkins was assistant to Peter Taylor with the England under 21's until Peter left in early 2007. Ray was not retained by incoming head coach Stuart Pearce.
Nothing really to make him stand out there to be honest, success at Chelsea and Fulham was more down to the money of the chairman at both clubs, and the managers he was working with.