So you want to fire, and pay up, MH contract and sack players he bought (as they're clearly no good based on your comments) and pay off they're contracts.
No, just sack the manager as the players showed what they could do in the last 5 mins after Hughes negative tactics went out the window and they played how they wanted. Wed be better off if we just left the players to it. Ask Hughes to resign and if he doesnt, sack him and dont pay him off as he was failing to do the job he was paid for. Not being in a relegation battle.
But on the plus side, the last I heard was Ipswich were going to replace him with Shearer (why?) so that might actually improve the market by removing an even worse manager.