Bolton Wanderers have confirmed that manager Dougie Freedman has left the club by mutual consent, after a poor start to the season.
Bolton have won only one of their first ten league games this season, and find themselves second bottom of the Championship with only Blackpool below them.
Chairman Phil Gartside said: “Dougie has worked tirelessly off the field to improve the infrastructure of the football club. Unfortunately, recent results on the pitch have not reflected all his work off it."
“The club has faced a difficult time following our relegation from the Premier League and Dougie has helped to restructure the club in order for it to become successful again under ever-tightening constraints."
“I would like to thank Dougie personally for all his commitment and efforts for Bolton Wanderers.”
The financial constraints at the club include debts of over £120m from their time in the Premier League, as well as the end of their sponsorship deal with Reebok.
Freedman joined the club in October 2012, and they missed out on the play-offs on goal difference in his first season.
Wanderers finished 14th last term, but their lack of improvement, albeit under difficult circumstances, has led to the club and manager parting ways.
Jimmy Phillips, who is the Bolton academy director, will take caretaker charge of the team this weekend.