Melbourne Victory has mutually agreed to part ways with Head Coach Grant Brebner.
The announcement was made after Victory's 7-0 Derby loss to City in the A-League on Saturday.
Victory Chairman Anthony Di Pietro and Brebner spoke to a news conference following the defeat.
Chairman Anthony Di Pietro said: "Grant, myself, our Chief Executive and Board members have met and we've come to the agreement that Grant will no longer be the coach of Melbourne Victory. It is in the best interests of everyone involved – the club, Grant as a person. We wanted to make that clear this evening.
"I want to take the opportunity to thank Grant for his time, he has worked relentlessly. Things haven't worked out for a multitude of reasons and there will be a review of everything that has happened to lead to this and what needs to be done.
"Grant is a legend of this club, he's a Championship-winning player, he's a champion person and we can't be more thankful for Grant, his efforts and the work that he's undertaken. He'll remain part of this club forever and the club will be with him on his next steps.
"We're not going to speak about the next steps today. There'll be more announcements in the coming days of the structure going forward. Tonight's not the night that we'll be announcing anything other than that we're parting company."
Brebner said: "I sit here and the first thing that comes to my mind is thanking the club for giving me the opportunity to be Head Coach of this fantastic football club. It's a privilege and an honour to be given the opportunity to do this.
"Sadly, my expectations and the club's expectations are a lot higher than the position we sit in. Therefore, the conversation that the Chairman and I had, we are both on the same path.
"I have so much respect for the Chairman, in terms of everything he has achieved and done for this football club. We both want what's right for this football club. As Head Coach, tonight was unacceptable and I take the brunt of that.
"From my perspective, this club will go on, this club will come back bigger and better than the situation we're in now."