Everton have sacked manager Ronald Koeman after Sunday's 5-2 home defeat by Arsenal, becoming the third Premier League managerial loss of the season.
Frank de Boer left Crystal Palace and Craig Shakespeare was sacked by Leicester.
According to AFP, Koeman “paid the price for a desperate start to the campaign despite having spent £140million ($185mn) in the close season.”
An Everton statement read: "Everton Football Club can confirm that Ronald Koeman has left the Club.”
"Chairman Bill Kenwright, the Board of Directors and Major Shareholder Farhad Moshiri would all like to express their gratitude to Ronald for the service he has given to the Club over the past 16 months and for guiding the Club to seventh place in last season's Premier League."
As cited by BBC Sport, on Sunday, Koeman had said: "I still believe I can change the whole situation."