Kenny Dalglish sacked from his post as Liverpool manager
Kenny Dalglish has left his post as Liverpool manager.
Dalglish flew to the United States on Sunday to present his end-of-season review to principal owner John Henry and Tom Werner.
The club have confirmed in an official statement that the search for a new manager will start "immediately".
In a statement Henry paid tribute to Dalglish: "Kenny will always be more than a championship winning manager, more than a championship winning star player. He is in many ways the heart and soul of the club.
"He personifies everything that is good about Liverpool Football Club. He has always put the Club and its supporters first. Kenny will always be a part of the family at Anfield.
"Our job now is to identify and recruit the right person to take this Club forward and build on the strong foundations put in place during the last 18 months."
The 61-year-old Scot appears to have paid the price for the club's poor league form, despite bringing silverware to Anfield this season, winning the Carling Cup.
Arch rivals Everton finished above Liverpool in the league and Dalglish's side were beaten 2-1 by Chelsea in the FA Cup.
Dalglish had been expected to leave for a holiday today, but it is now understood he has cancelled that and remains on Merseyside.
In the same club statement Dalglish said: "It has been an honour and a privilege to have had the chance to come back to Liverpool Football Club as Manager.
"I greatly appreciate the work that Steve, Kevin, the players and all of the staff put in during my time and feel proud that we delivered the Club's first trophy in six years winning the Carling Cup and came close to a second trophy in the FA Cup Final.
"Of course I am disappointed with results in the league, but I would not have swapped the Carling Cup win for anything as I know how much it meant to our fans and the Club to be back winning trophies.
"Whilst I am obviously disappointed to be leaving the football club, I can say that the matter has been handled by the owners and all concerned in an honourable, respectful and dignified way and reflects on the quality of the people involved and their continued desire to move the football club forward in the same way as when they arrived here.
"I would like to thank all of the staff at the Club for their effort and loyalty. I said when first approached about coming back as Manager that I would always be of help if I can at any time and that offer remains the same.
"Finally, I want to put on record my heartfelt gratitude to Liverpool's fans, who have always given me and the Club their unwavering support. Without them neither the Club nor I would have achieved anything."