Hull City have issued a statement saying that manager Phil Brown will remain in charge at the club.
Speculation had been mounting on Wednesday that Brown was about to be sacked and relieved of his duties at the KC Stadium, but the club have refuted these claims.
Bookmakers have suspended betting on the next Premier League manager to be sacked following the speculation, but City have denied that chairman Paul Duffen is on the verge of dismissing Brown.
A statement on the club's official website said: "Contrary to media speculation the club can confirm that Phil Brown has not been sacked and remains the manager of Hull City Football Club."
The Tigers played out a 0-0 draw with the Premier League's bottom club Portsmouth at the weekend, and a number of fans vented their frustration with the performance.
Duffen has continually come out with support for Brown, and the manager stated this week that he would not quit.
Concerns have also been raised at the KC Stadium regarding the club's financial future, after losing nearly £10million in the year ending in July 2008.
Brown was appointed first-team coach at Hull in October 2006 and took over as caretaker manager alongside Colin Murphy following Phil Parkinson's departure in December of the same year.
He was given the job on a permanent basis in January 2007 after taking Hull out of the relegation zone in the Championship, and they went on to avoid the drop at the end of the season, before Brown guided them to promotion via the playoffs the year after.
After an excellent start to life in the Premier League last season, the Tigers went on a dreadful run of form and narrowly escaped relegation - they have continued their poor run this term and currently lie third bottom in the table with just eight points from 10 games.