Former England coach Sven Goran Eriksson is no longer in his post as Championship club Leicester City manager.
Eriksson was relieved of his duties after Saturday's 3-0 defeat by Millwall, which followed a run of results that left the Foxes just three points off a play-off position.
Leicester's Thai owners King Power have seen fit to fire the much-travelled Swede, who had been granted a considerable - for the Championship - playing budget of £10 million but with Southampton stretching clear at the top, then hopes of automatic promotion already look bleak.
Leicester City manager Sven-Goran Eriksson admitted that his side got exactly what they deserved as the Foxes crashed to a shock 3-0 home defeat to Millwall.
That was the final straw for the club's Thailand-based owners Asia Football Investments, who held a meeting to discuss ending the Swede's one-year stay at the King Power Stadium.
"That was not good enough and that performance was not acceptable," said Eriksson on Saturday. "We were lacking in energy and I felt that we were flat throughout today."
Eriksson's departure was confirmed by a club statement after an afternoon of rumours.
"Leicester City Football Club has confirmed today that, by mutual agreement, Sven-Goran Eriksson has ceased to be the first team manager, with immediate effect," it read. "First team coach Dereck Fazackerley has also left the club.
"The club and its board of directors would like to thank Sven and Derek for the contribution they have made to Leicester City during their 13 months at King Power Stadium."
Martin O'Neill, who was manager of the club from 1995 to 2000 and won two League Cups, has been installed as bookmakers' favourite to succeed Eriksson.
Eriksson took over at the Walkers Stadium last October with the club rooted in the relegation zone but led them to 10th place.