Birmingham City has 'parted company' with manager Lee Clark.
The club say the search for a replacement has begun and they wish to make an appointment "in the very near future".
The club has also 'parted company' with assistant manager Steve Watson.
Reports are suggesting the acting chairman of Birmingham City, Peter Pannu, is to step down by the end of the month.
The club have said they have no comment to make, but ITV News Central understands any announcement will be made via the Hong Kong Stock Exchange.
Pannu's contract with the club was due to end at the end of the month.
Birmingham City FC have signed Denny Johnstone from Celtic.
The 19-year-old forward arrives at St Andrews on a three-year-deal after the Blues agreed compensation with the Hoops.
The Scotland U19 international has attracted interest from a number of clubs since turning down a fresh contract offer from Celtic to test himself in English football.
Birmingham City have signed George Best. Of course, the original George Best died nine years ago, but they have signed David Cotterill, who has the legend's full name as two of his middle names.
ITV News Central correspondent Steve Clamp asked the midfielder about his name as Birmingham's players returned to training this morning.
Former Doncaster Rovers midfield David Cotterill has joined Blues on a two-year-deal.
The 26-year-old welsh international is the club's eight summer signing.
Birmingham City will begin the 2014-15 season in the Championship with a trip to Middlesbrough.
The Molineux derby against Wolves is on November 1st, with the St Andrew's return on April 11st.
On Boxing Day, Blues host Derby County followed by Nottingham Forest two days later.
Birmingham City have made Tottenham Hotspur defender, Grant Hall, their second signing of the summer.
The 22-year-old has joined on a season-long loan, with no recall option. His signature follows the recruitment of Jonathan Grounds on Monday.
Hall spent last season on loan at Swindon Town, but after consistent appearances in the first half of the season, a hamstring injury scuppered the second half.
Manager, Lee Clark, told the club website that Hall would not be the last defender to arrive at St Andrews this summer:
We're delighted to have Grant on board and it's no coincidence that my first two signings have been defenders because that was an area we needed to address. We simply didn't keep enough clean sheets last season and, as we look to continue to improve that area, there will be more defenders to come.
Birmingham City have made their first signing of the summer, as former Oldham Athletic and Middlesbrough defender, Jonathan Grounds has joined the club.
The 26-year-old has signed a two-year deal at the club after two years at Oldham, where he made 106 appearances and scores three goals.
It has been revealed that former Swindon Town chairman, Jeremy Wray, is part of a group of British businessman trying to buy a stake in Birmingham City.
Mr Wray is part of a consortium called Soccer Management Worldwide Limited. The company has confirmed it is in exclusive 'advanced talks' to buy a quarter of Birmingham City from its current owners, who are based in Hong Kong.
Birmingham have confirmed that they are in 'advanced discussions' with a British consortium over the sale of the club.
Birmingham International Holdings Limited (BIHL), the holding company of the football club, made an announcement to the Hong Kong Stock Exchange (HKSE) over the course of the weekend.
The acting chairman of the Championship club, Peter Pannu, issued a statement revealing that a UK bidder, with a very strong North American investment fund, was in talks with BIHL.
Mr Pannu stated there had been an indicative, non-binding offer from a third party, in relation to a possible acquisition of a minority interest in Birmingham City PLC.
Via a statement on the club's official website, Mr Pannu said: "I can confirm that BIHL remains in advanced talks with a British consortium with a very strong North American investment fund.
"However, specific details cannot be disclosed at this moment in time due to non-disclosure agreements and HKSE regulations. There are many technical issues still to be resolved and legal representatives from both parties remain in advanced discussions to pave the way forward."