Yeovil have parted company with manager Russell Slade with immediate effect.
The 48-year-old took over at Huish Park in June 2006 and steered the club to the League One play-off final in his first season in charge.
His last game came on Saturday when the Glovers recorded an impressive 3-1 victory at promotion-chasing Peterborough, their fourth win in a row.
Chairman John Fry announced on Saturday there would be "major changes" at the club due to the problems of the economic climate and Slade is believed to have been increasingly frustrated at the lack of money at his disposal.
Assistant boss Steve Thompson will be in charge for Tuesday's trip to Bristol Rovers.
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