Everton have confirmed that Ronald Koeman has left the club after a 5-2 defeat to Arsenal left them in the relegation zone.
The Toffees have picked up just eight points from nine games this season despite spending £150m in the summer.
Koeman led the club to a seventh-placed finish last season, his only full campaign at the helm after arriving from Southampton, but has had a torrid time of late.
Two home defeats in four days, 2-1 to Lyon in the Europa League and 5-2 against Arsenal on Sunday, and the chorus of boos that followed each time proved the end of the line for 54-year-old.
The departure of Romelu Lukaku, who joined Manchester United for £75million in the summer, left the Toffees light up front but Everton’s use of those funds has been questioned.
Gylfi Sigurdsson and Davy Klaassen cost almost £70m between them and Wayne Rooney was brought back from Old Trafford on a high-profile free transfer but Lukaku was never adequately replaced.
A further £55m was spent on goalkeeper Jordan Pickford and defender Michael Keane, yet the Toffees have conceded 18 goals in nine league games and only rock-bottom Crystal Palace have a worse goal difference.
Everton’s club statement said: ‘Chairman Bill Kenwright, the Board of Directors and Major Shareholder Farhad Moshiri would all like to express their gratitude to Ronald for the service he has given to the Club over the past 16 months and for guiding the Club to seventh place in last season’s Premier League campaign.’
Koeman did seem to see the writing on the wall when he said on Sunday: “I still personally believe that I can change the whole situation. But everybody knows how it works in football. That’s only what I am answering about this question. Ask somebody else.”
We did say that Everton had reached the point of no return with Koeman after the abject performance against the Gunners.
Koeman has played 7 different formations and used 21 players. That's not a man looking for a solution. It's a man with no idea, no plan.
— Ell Bretland (@EllBretland) October 22, 2017
The early favourites for the role are Under-23s boss David Unsworth, David Moyes, Sean Dyche and Sam Allardyce.
“The writing was on the wall for Koeman after a woeful start in the league and on the continent but there is no clear favourite in the betting to take over,” said William Hill spokesman Joe Crilly. “Having said that, there has been a fair amount of interest in Moyes returning in recent days.”
Expect Sean Dyche to be the next Everton manager. David Unsworth to be caretaker. More on @MailSport
— Lee Clayton (@LeeClayton_) October 23, 2017
More to follow.