Harry Redknapp's tenure as Tottenham manager is over with the White Hart Lane club confirming early on Thursday morning that he was leaving his post.
Redknapp and agent Paul Stretford spent Wednesday in negotiations with chairman Daniel Levy and it became clear the former Portsmouth boss was close to ending his three-and-a-half-year tenure at White Hart Lane.
The 65-year-old had 12 months left on his contract and is understood to have been unhappy with Levy's failure to offer him a new three-year deal.
Levy told the club's official website: "This is not a decision the board and I have taken lightly.
"Harry arrived at the club at a time when his experience and approach was exactly what was needed.
"This decision in no way detracts from the excellent work Harry has done during his time with the club and I should like to thank him for his achievements and contribution.
"Harry will always be welcome at the Lane."
Redknapp added: "I have thoroughly enjoyed my time at Spurs and am proud of my achievements.
"I have had a fantastic four years with the club, at times the football has been breath-taking.
"I am sad to be leaving but wish to thank the players, staff and fans for their terrific support during my time there."
Everton boss David Moyes was the odds-on favourite to replace Redknapp, whose failure to secure UEFA Champions League football looks to have led to his impending departure.
Only on Tuesday Redknapp was moved to dismiss speculation he was on his way out as "an outrage".
Negotiations over a new deal for Redknapp have stalled since the start of the year when Redknapp, who guided Spurs to fourth place in the Premier League last season, was linked with the then vacant England manager's job.
In the past week Redknapp has made it known he would be uncomfortable heading into the new season without a longer deal while also defending his relationship with Levy.
It has been claimed, however, that Levy was only willing to offer Redknapp a rolling 12-month contract whereas the former Portsmouth manager is thought to have wanted a longer deal that would have made the London club his last job in management.
Redknapp did achieve Levy's goal of reaching the top four last term, but Spurs missed out on playing in the Champions League after Chelsea's penalty shootout win over Bayern Munich last month's final.
Redknapp took charge of Tottenham in October 2008 following the sacking of Juande Ramos, with the club having taken just two points from their first eight games.
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