Legendary Liverpool manager Kenny Dalglish has been sacked after massive investment last year was followed by a poor league performance.
Dalglish had originally managed the team from 1985-1991 during one of the best eras for the club.
He saw Liverpool win its first double - winning the League Championship and the FA Cup in his first year.
As a player, he won numerous honours, including six English league titles and three European Cup trophies. As Manager he won three league titles, two FA Cups and this season, the Carling Cup.
His latest tenure at Anfield lasted just eighteen months after a £110 million investment spent on seven players failed to bring the expected improvement in the teams performance and the American owners became frustrated.
Leaving the club for the second time Dalglish said:
Dalglish received commiserations on Twitter following the announcement:
Liverpool Chairman Tom Werner said it was a tough decision, but ultimately one that needed to be made: