Bolton Wanderers have confirmed they have sacked manager Owen Coyle.
The Trotters, who were relegated from the Premier League last season, are 18th in the Championship after winning only three of their 10 matches.
On Saturday they were beaten 2-1 at fellow strugglers Millwall.
Coyle, 46, took over at Bolton in January 2010, six months after guiding Burnley to promotion to the Premier League and consequently signing a contract extension at Turf Moor.
The Trotters went on to survive a relegation battle while Burnley went down. In 2010-11 Bolton reached the semi-finals of the FA Cup and finished 14th after spending much of the season in the top half of the table, but last season they were relegated, ending an 11-year spell in the top division.
“It is the right time for a change. We set a target at the beginning of the season and want to get back on track”Bolton chairman Phil Gartside
In March Bolton and Coyle were widely praised for the support they gave to Fabrice Muamba, after the midfielder suffered a cardiac arrestwhile playing against Tottenham Hotspur.
Following relegation it was revealed the club were carrying debts of £110m, mostly owed to Isle of Man-based owner Eddie Davies.
On Saturday Coyle described the defeat at Millwall as the lowest point of his managerial career but insisted he had no intention of resigning.
However, after meeting Davies and club chairman Phil Gartside on Tuesday, he parted company with the club.
In a statement on the club website, Gartside said: "Owen poured his heart and soul into the job, both on and off the pitch, and he led our club with great dignity during some very challenging times.
"It is the right time for a change. We set a target at the beginning of the season and want to get back on track.
"I would like to place on record our sincere thanks to Owen, Sandy Stewart and Steve Davis for all their hard work during their time at Bolton Wanderers."
Coyle said: "I have always been driven to act in the best interests of the club and care passionately about it.
"I had fantastic times here as a player and it has been a privilege to have held the post of manager.
"I want to thank the fans for their backing since I returned, the chairman Phil Gartside and the owner Eddie Davies for their support and friendship and the club's staff and players for all their effort and commitment."