Gary Megson has been sacked as manager of Bolton Wanderers with first team coach Steve Wigley and assistant manager Chris Evans taking over first-team duties with immediate effect.
Megson saw his side throw away a two-goal lead against Hull on Tuesday and he was rounded-on by fans, who booed his decision to take off top-scorer Ivan Klasnic.
A statement on the club's official website said: "Gary Megson has been relieved of his duties as First Team Manager of Bolton Wanderers Football Club with immediate effect.
"The decision has been taken in the light of the position the club finds itself in the Barclays Premier League at the halfway point of the season.
"Assistant Manager Chris Evans and First Team Coach Steve Wigley will take charge of first team matters for the interim period.
"The Club wishes to place on record its thanks to Gary Megson for his hard work and commitment to Bolton Wanderers during his tenure as Manager.
Megson had endured a strained relationship with the Bolton fans ever since he arrived at the Reebok in October 2007 to replace Sammy Lee.
He steered the club away from relegation after an abysmal start to the campaign by Lee and achieved a mid-table finish last season. But with only eight victories under his belt in the past 12 months, fans had become increasingly frustrated, frequently venting their anger by booing Megson.
Chairman Phil Gartside said in early December that points targets had been set for the festive schedule, and though the game against Wigan Athletic was postponed, it is believed that Wanderers failed to reach the mark.
The Trotters currently lie 18th in the Premier League table, behind West Ham on goal difference, but they have two games in hand on the Hammers and have not lost in five games.
Bolton have an FA Cup clash with Lincoln this weekend before away league clashes at Arsenal and Sunderland, a return home match against the Gunners, a visit of Burnley and a trip to Anfield to face Liverpool.
Former Manchester City boss Mark Hughes and ex-Peterborough manager Darren Ferguson have emerged as the early favourites to take-up the vacancy.