David Moyes has been sacked as Manchester United boss and Ryan Giggs will take over until the end of the season.
"The Club would like to place on record its thanks for the hard work, honesty and integrity he brought to the role."
Moyes was informed of the decision this morning at the club's Carrington training ground, said Sky News' Paul Kelso.
Chief executive Ed Woodward is said to have told Moyes the news face to face.
Speculation over his sacking started yesterday, after United's 2-0 weekend defeat to Moyes' former club Everton.
The result left them in seventh and meant it was mathematically impossible for the Premier League champions to qualify for next season's Champions League.
The team have lost 11 times this season, six of them at home, and also endured defeats to bitter rivals Manchester City and Liverpool.
There has reportedly been discontent among some of the club's top players during Moyes' brief time at Old Trafford.
Moyes was handpicked by Sir Alex Ferguson as his successor and awarded a six-year contract but is now in line for a sizeable pay-off after less than a year in charge.
Former Manchester United star Gary Neville told Sky: "The results have been poor as a fan. I haven't enjoyed watching it.
"The performances have got worse and worse. There was a little bit a pick-me-up at Christmas where you thought there might be a little bit of a run.
"But in the last month or two the performances have deteriorated - Olympiakos, Liverpool and the Everton one were particular low points."
Favourites to replace the Scot include Louis van Gaal, the manager of the Dutch national side, and Borussia Dotmund boss Jurgen Klopp.
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