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Swansea have parted company with manager Garry Monk following a poor run of results.
Monk was named as Michael Laudrup's successor during the 2013-14 season before taking the job on a permanent basis at the end of the campaign.
His first full season at helm saw the Swans secure an eighth-placed finish in the Premier League but they have struggled this term with the club winning just one of their last 13 games.
Chairman Huw Jenkins indicated on Tuesday that an announcement was imminent and the club have confirmed that Monk has left the Liberty Stadium.
"The decision has been made very reluctantly and with a heavy heart," Jenkins said in a statement.
"To find ourselves in our current situation from where we were in the first week of September, and considering the drop of performance levels and run of results over the last three months, it has brought us to this unfortunate decision today.
"Garry took on the job 22 months ago with the backing of everyone at the club. And when you take into account the excellent campaign we had last season when we broke all club records in the Premier League, nobody foresaw the position we would be in at this moment in time.
"Bearing that in mind and the current uncertainty around the club, we felt the situation needed clarity to move forward.
"It was not a decision we took lightly, especially given Garry’s history and standing within the club. And it goes without saying that we wish Garry all the very best for the future and thank him for his tremendous service, not only as a player over the last decade, but also as our manager. He will always have a warm welcome at this football club.
"We hope to appoint a replacement as soon as possible."