Manchester City chairman Khaldoon Al Mubarak has announced on the club's website in the last few minutes that the Sky Blues and manager Mark Hughes have parted company.
The parting comes hot on the heels of the 2-1 home defeat to Tottenham, and was City's third straight defeat.
The club's poor form had generated speculation that new owners, the Abu Dhabi United Group, who are backed by Sheikh Mansour Bin Zayed Al Nahyan, and bring unrivalled spending power to the top flight, had started to lose patience with the team's inability to find consistency on the pitch. This appears to have been the case, and Hughes was seen leaving the ground in the last few minutes.
Mr Al Mubarak said in his statement:
"We on the board have the highest regard for Mark, but we are judged by success. Recent results have not been what we would have hoped for, and we must now look to the future."
It's not yet known who will replace Hughes at Eastlands, but several names have already been the subject of rumours. Alan Curbishley, who left West Ham recently, would certainly be interested in the post, and one source in Italy has claimed that Jose Mourinho would relish the challenge of a return to the English game.
First team coach Eddie Niedzwiecki will take over temporary control as caretaker manager for Sunday's trip to the KC Stadium to face Hull City.