After 18 months back at the helm, Dalglish has paid the price for a poor league performance, during which time he lost the faith of his board.A statement on the club's official website read: "Fenway Sports Group (FSG) and Liverpool Football Club announce that Kenny Dalglish is to leave his post today as Manager after having his contract terminated.
"After a careful and deliberative review of the season, the Club came to the decision that a change was appropriate. It is not a decision that was reached lightly or hastily."The search for a new Manager will begin immediately." Fenway Sports Group are in the midst of a major restructure at Anfield, and their review of the club includes the manager's chair.

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