Davies leaves Derby

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Club chairman Adam Pearson held a meeting with the Scot on Monday morning and then revealed in a statement they had "mutually" decided to "go our separate ways".

Davies leaves County bottom of the Barclays Premier League with just one win from their opening 14 games after they gained promotion from the Coca-Cola Championships via the play-offs last season.

Despite Pearson reassuring Davies over his position following his takeover of the club at the end of last month, it appears the Rams' persistently poor form and the ex-Preston boss' barbed comments at the weekend sealed his fate.

"I have met with Billy Davies and we have decided mutually, in the interests of both parties, that to go our separate ways is the best decision at this time," Pearson said in a statement released on www.dcfc.co.uk.

"Billy Davies leaves Derby County with our best wishes and our genuine gratitude in achieving a magnificent promotion to the Premier League, where everyone connected with the club wanted to be.

"We wish Billy all the best for his future career and both parties will now move forward, which I am sure will lead to future success for Billy Davies and Derby County."

Davies took over at Pride Park in January last year after opting to leave Preston, who he guided into the Championship play-offs for two years in succession.

After securing the Rams' status in the second tier, his first full season in charge saw Derby just miss out on an automatic promotion place before defeating West Brom in the play-off final at Wembley.

This season, Davies' side have lived up to their billing as pre-season relegation favourites and defeat to Chelsea on Saturday made it eight games without a win and four successive losses.