Jimmy Floyd Hasselbaink has been sacked as Northampton manager with the club lingering in the Sky Bet League One relegation zone.
The Cobblers are without a win in their last nine games and fell to a 2-0 defeat at Peterborough today to leave them two points adrift of safety.
“We are sorry to see Jimmy depart as he has worked very hard for us but felt a change at this point was in the best interests of the club,” chairman Kelvin Thomas said on the club’s website.
“We thank Jimmy for his work as manager of Northampton Town and we wish him the very best for the future.”
As a player, Hasselbaink scored 34 goals in 69 appearances for Leeds United from 1997-99 and became a favourite among the Elland Road faithful.