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.
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."
Megson was a magician last season as he steered the club away from relegation after an abysmal start to the campaign by Lee and achieved a mid-table finish last season.
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.
Former Manchester City boss Mark Hughes and ex-Peterborough manager Darren Ferguson have emerged as the early favourites to take-up the vacancy.
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