Gary Neville has been sacked by Valencia after less than four months in charge of the Spanish club.
The 41-year-old, who is part of the England coaching set-up, was given his first managerial job in December.
Valencia won three of their 16 league games under the former television pundit, and 10 of 28 games overall.
Neville said he wanted to stay but results had "not been to my standards" or those "required by this club".
He added that he understood "we are in a results business".
Neville first faced calls to quit after a 7-0 loss to Barcelona in the Copa del Rey semi-final first leg in February.
His last match in charge was a 2-0 home defeat by Celta Vigo just before the international break.
He has spent the past six days with the England squad for friendly games with Germany and the Netherlands.
Neville's younger brother Phil is part of the Valencia coaching team, and the club are yet to make an announcement about his position.
Former Liverpool assistant manager Pako Ayestaran, 53, will take charge for the rest of the season.
Pako joined the club as assistant coach in February in a move that Neville insisted was his decision.
"I'm the head coach of Valencia, I will be the head coach of Valencia for the rest of this season. If I leave, Pako will leave. He's come to be part of my coaching staff," Neville said at the time.
"I understand it might look like there's something going on. There absolutely isn't."
