Nigel Pearson has been sacked as manager of Leicester despite keeping the Foxes in the Barclays Premier League last season.
Pearson took charge at the King Power Stadium for the second time in November 2011 and presided over promotion in the 2013/14 season to the top-flight, where they finished a respectable 14th in their maiden campaign after a brilliant run of results in the final weeks.
However, the club announced Pearson had been relieved of his duties, saying "fundamental differences in perspective exist between us".
Leicester City issued the following statement:
“Leicester City’s owners, Vichai and Aiyawatt Srivaddhanaprabha, and the Board of Directors would like to place on record their thanks to Nigel for the considerable contribution he has made during his time with the Club and wish him well in the future.
“Khun Vichai and Khun Top remain wholly committed to the Club’s long-term development and to on going investment in a squad that will continue to be competitive in the Premier League. We trust that the Club’s supporters will recognise that the owners have always acted with the best interests of the Club at heart and with the Club’s long-term future as their greatest priority.
“Craig Shakespeare and Steve Walsh will take charge of first team duties while the Club begins its recruitment of a new manager. There will be no further comment until this process has concluded.”
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