"Valencia Football Club has today terminated its contractual
relationship with Gary Neville as first team coach," a Valencia
statement read.
"After carefully analyzing the sporting situation, the club has decided to make this change in the best interest for the Valencia Football Club overlooking the end of this season.
"The club thanks to Gary Neville his work and wishes him the best of luck in the future.
"Consequently, the club today named Pako Ayestaran as head coach until the end of the season."
Neville, who combined the role with his assistant manager position with England, said: "I would like to thank Valencia Football Club, the fans, staff and the players.
"I would have liked to have continued the work I started but understand that we are in a results business and in the 28 games they have not been to my standards or to those which are required by this club.”
The move is the 16th managerial change at the club in 16 years.
"After carefully analyzing the sporting situation, the club has decided to make this change in the best interest for the Valencia Football Club overlooking the end of this season.
"The club thanks to Gary Neville his work and wishes him the best of luck in the future.
"Consequently, the club today named Pako Ayestaran as head coach until the end of the season."
Neville, who combined the role with his assistant manager position with England, said: "I would like to thank Valencia Football Club, the fans, staff and the players.
"I would have liked to have continued the work I started but understand that we are in a results business and in the 28 games they have not been to my standards or to those which are required by this club.”
The move is the 16th managerial change at the club in 16 years.
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