Valencia have sacked Gary Neville and named Pako Ayestaran as their new head coach until the end of the season.
Neville was appointed on December 2 but failed to win any of his first nine matches in charge in La Liga and also suffered elimination from the Copa del Rey and Europa League.
Valencia have lost their last three matches in the league after a brief upturn in form in February and sit in 14th place in the Spanish top flight, six points clear of the relegation zone.
“After carefully analysing the sporting situation, the Club has decided to make this change in the best interests of Valencia ahead of the end of the current season,” a club statement reads.
“The Club is grateful for Gary Neville’s work and wish him the best of luck for the future.”
The job at Mestalla was Neville’s first in management, with the former Manchester United right-back also occupying a role as an England assistant coach.
He has most prominently worked as a pundit on Sky Sports following his retirement and is a co-owner of English non-league side Salford City, along with Valencia owner Peter Lim.
“I would like to thank Valencia Football Club, the fans, staff and the players,” Neville said in a statement.
“I would have liked to have continued the work I started but understand that we are in a results business and in the 28 games they have not been to my standards or to those which are required by this club.”
Ayestaran returned to Valencia to assist Neville in February having previously worked at the club under Rafael Benitez and now takes over from the England assistant coach until the end of the season.
The 53-year-old helped to guide Los Che to two league titles and the Uefa Cup between 2001 and 2004 before joining Benitez at Liverpool, where they won the Champions League together.