Brendan Rodgers has left his post as Liverpool manager with immediate effect after his contract was terminated, the club have announced.
Liverpool have accumulated 12 points from eight Barclays Premier League matches this term, with Sunday's 1-1 Merseyside derby draw at Everton leaving them in 10th position.
Rodgers was appointed as Liverpool manager in June 2012 after guiding BPL debutants Swansea City to 11th place in the previous campaign, and he won 63 of his 122 league matches during his time at Anfield (52%).
The 42-year-old led Liverpool to within two points of their first BPL crown in 2013/14, with Manchester City pipping them to the title on the final day. They finished sixth the following campaign.
In a joint Fenway Sports Group statement on liverpoolfc.com, principal owner John W Henry, chairman Tom Werner and president Mike Gordon said: "We would like to place on record our sincere thanks to Brendan Rodgers for the significant contribution he has made to the club and express our gratitude for his hard work and commitment.
"All of us have experienced some wonderful moments with Brendan as manager and we are confident he will enjoy a long career in the game.
"Although this has been a difficult decision, we believe it provides us with the best opportunity for success on the pitch. Ambition and winning are at the heart of what we want to bring to Liverpool and we believe this change gives us the best opportunity to deliver it.
"The search for a new manager is under way and we hope to make an appointment in a decisive and timely manner."
Liverpool's next league match is a visit to Tottenham Hotspur on Saturday 17 October
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