Nottingham Forest has issued a very short statement on its website confirming the 'termination of manager Billy Davies' employment.'
It brings to an end the Scot's second spell in charge at the club, after he was re-appointed 13 months ago.
The statement thanked 'Mr Davies for his efforts during his second spell as manager'.
The club says it's due to make a further announcement in due course, although there's heavy speculation Neil Warnock could be the man to replace Davies at the city ground, with reports he's already met with Forest's owners the Al Hasawi family.
Nottingham Forest have suffered a humiliating 5-0 defeat at the hands of local rivals Derby County today.
The bitter rivals went head-to-head at the Rams' iPro Stadium in today's early kick-off and it was Steve McClaren's side who looked the brightest from the start.
Craig Bryson's sixth minute goal got the home side underway, with the midfielder going on to score a hat-trick in what was a man-of-the-match performance.
Billy Davies' Reds side could not muster a reply all afternoon and found themselves 3-0 down at the break, thanks to two from Bryson and another from Jeff Hendrick.
The second half was just as bad for the visitors, thanks to Johnny Russell's magnificent 20-yard strike and Bryson's third from the penalty spot to compound their misery.
The result means Forest stay in sixth place for a couple of hours at least, whilst Derby sit in third and have automatic promotion firmly in their sights.
Derby County boss Steve McClaren has hailed Nottingham Forest "a great club" ahead of the local derby league match tomorrow between the two sides.
Derby County host Nottingham Forest this weekend as the local rivals both battle for promotion into the Premier League.Read the full story ›
The Football Assocation's appeal board will consider Billy Davies' appeal against a three-match touchline ban today.
The Nottingham Forest manager is being punished for misconduct during Forest's match against Leicester City last month.
Former Premier League footballer Marlon King today pleaded guilty at Nottingham Crown Court to dangerous driving after a three-car crash left a motorist with a fractured elbow.
King, of Torksey, Lincolnshire, was due to go on trial at Nottingham Crown Court today after pleading not guilty to a charge of dangerous driving at an earlier hearing.
The footballer, who appeared in the dock wearing a blue suit and open-necked white shirt, changed his plea to one of guilty to the charge this morning.
The striker, who has played for Nottingham Forest, Coventry City and Birmingham City, faces a maximum sentence of two years' imprisonment.
Nottingham Forest manager Billy Davies has been banned from the touchline for the next five games and been fined £9,000 for being abusive to a referee.
Davies, who accepted a charge of misconduct from the Football Association, was accused of abusive language towards referee Anthony Taylor in the tunnel at half-time during last week's two-all draw to Leicester.
He had been angry that Leicester defender Wes Morgan was not sent off for a foul against Forest's Jamie Mackie in the penalty area, denying them a goalscoring opportunity.
Davies denied making contact with Mr Taylor, which was accepted.
The Football Association have released the following statement in relation to the charges brought against Nottingham Forest manager Billy Davies following the recent game against Leicester City:
"Following an Independent Regulatory Commission hearing, Nottingham Forest manager Billy Davies will serve a five-match touchline ban with immediate effect, subject to any appeal.
This is in respect of two breaches of FA Rule E3 that took place during his side’s game against Leicester City on 19 February 2014.
Davies admitted the first breach that he used abusive and/or insulting words and/or behaviour towards the Match Referee in or around the tunnel area at half-time of this fixture.
However, he denied the second breach of improper conduct, which alleged that he deliberately made contact with the Match Referee. This charge was found proven. As well as the suspension, Davies was also fined £9,000."
Representatives from Nottingham Forest and Leicester City have warned fans against racist chanting in tomorrow night's game.
The club will not tolerate this kind of antisocial behaviour at The City Ground and will take the strongest possible action against anyone who is involved in such behaviour.
We are active in our efforts to remove this type of abuse from our matches and we will not condone any form of chant that may be perceived as racist or offensive, aimed towards our own or the visiting supporters.
There is no place for any form of discrimination in football or in wider society and Leicester City wholly supports the efforts of Nottinghamshire Police to encourage an atmosphere that is inclusive for all.
Players and supporters have the right to participate in a matchday that is free from prejudice and we would urge supporters to report any activity which compromises this to the police.
Fans of both clubs are being encouraged to use a ‘text reporting facility’ in order to report any behaviour that they feel is offensive.
Details of the Nottingham Forest text reporting facility can be found on each match ticket or in the matchday programme.