Malky Mackay has been sacked as Cardiff City manager after a meeting of the club's board of directors.
Billionaire Malaysian owner Vincent Tan said the dismissal was "regretfully" necessary to be fair to the club and its fans.
In a statement, Tan said: "Far too much dirty linen has been exposed to the public gaze but, I stress, not by me."
The move comes a day after a 3-0 home defeat by Southampton left Cardiff onluy one point above the relegation zone.
Mackay's removal follows a public row with Tan, who wrote to Mackay on 16 December asking him to resign or be sacked.
Tan also accused Mackay of overspending in the transfer market and announced the manager would have nothing to spend in the January window.
The 41-year-old Scotsman refused to resign, and subsequently led the team in Premier League matches against Liverpool and Southampton before his dismissal.
Mackay's assistant David Kerslake is expected to be in charge for the home match against Sunderland on Saturday.
Mackay, who is the sixth Premier League boss to lose his job this season, had been in charge at Cardiff for two-and-a-half years after taking over from Dave Jones in June 2011.
He guided the club back to the top flight of English football after a 52-year absence when they won the Championship in April.
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