Newcastle United have confirmed that Glenn Roeder has resigned his post at St James' Park and admitted a search for a fourth manager in less than three years is under way.
Roeder decided to step down following an emergency board meeting in the aftermath of Saturday's 2-0 defeat by Blackburn Rovers.
Former Bolton Wanderers manager Sam Allardyce is the strong favourite to succeed Roeder following his own departure from the Reebok Stadium last month with Magpies chairman Freddy Shepherd known to be a keen admirer of his abilities.
"Newcastle United today announced that Glenn Roeder has offered his resignation as team manager with immediate effect and this has been accepted by the board," confirmed a club statement.
Roeder opted to walk away from the job he held for 15 months after watching his side record just one win in the last ten games.
Newcastle will finish in the bottom half of the Premiership table this season and, following Saturday's sixth home league defeat of the campaign, Roeder admitted he felt the fans' frustrations.
"I understand 100 per cent where the fans are coming from," he said.
"They want a winning Newcastle team - and I also want a winning Newcastle team.
"At the moment, we haven't been winning, and I understand their frustration.
"To win matches we need to score goals, and we haven't done that for four, five, six weeks now, and that's costly. But I understand their feelings."