Manchester United have sacked manager David Moyes with immediate effect after owners the Glazer family finally lost patience with the Scot.
The 50-year-old, who created a host of unwanted records during his brief stint at Old Trafford, becomes the first United manager to be dismissed since Ron Atkinson in 1986.
Announcing Moyes' departure on their official Twitter account, United added: "The club would like to place on record its thanks for the hard work, honesty and integrity he brought to the role."
Moyes had endured a torrid campaign in charge of the reigning Premier League champions, with Sunday's abject 2-0 loss to former club Everton guaranteeing that the Red Devils will miss out on a place in the Champions League next season.
Defeat at Goodison Park was their 11th of the season - just one fewer than relegation battling West Brom - and left the club languishing in seventh place in the table.
Sunday's result marked the first time both the Toffees and Liverpool have completed a league double over United, while local rivals Manchester City managed that feat for the first time since the Premier League's inception.
Manchester United have revealed that Ryan Giggs will assume first-team responsibilities as interim coach until a permanent successor to David Moyes is appointed.
The Scot was relieved of his duties on Tuesday morning just 10-months into a six-year contract, having presided over the club's worst campaign of the Premier League era.
And it has now been confirmed that Giggs, who has made a record 962 appearances for United and was widely expected to end his playing career this summer, will negotiate the final four matches of the season.
A club statement read: "Following the departure of David Moyes as manager, Manchester United has announced that Ryan Giggs, the club’s most decorated player, will assume responsibility for the first team until a permanent appointment can be made.
"The club will make no further comment on this process until it is concluded."
Borussia Dortmund boss Jurgen Klopp had been installed as the early favourite to succeed Moyes, but has since ruled out the possibility of leaving the Bundesliga giants this summer.
Atletico Madrid manager Diego Simeone and Real Madrid coach Carlo Ancelotti are both also thought to be in contention, but Netherlands boss Louis van Gaal is the new front-runner for the post.
Van Gaal is also wanted by Tottenham to succeed Tim Sherwood, but Goal reported last week that the Dutchman was taking his time to weigh up his options amid speculation linking him with United.
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