Premier League's club Bournemouth, who went under the new ownership last December, have sacked their manager Gary O'Neil.
American businessman Bill Foley bought the club last year. Gary, who helped the club survive last season, was sacked but the owner thinks it will help the club progress in the future.
"Gary's achievement last season is one I will always be grateful for. This has been a difficult decision, but it has been made with great consideration to best position ourselves ahead of the coming season," Foley said.
"Gary will go on to have a long career as a head coach or manager, but we feel that, at this moment in time, a change is in the best interests of this football club. I would like to place on record my thanks to Gary and wish him all the best for the future," he added.
"As a club, we have put plans in place for long-term success with improvements being made to infrastructure, most notably the development of a new state-of-the-art training facility and the ongoing discussions around upgrades to our stadium.
"We have also identified a number of significant targets in the transfer market this summer and believe this change in direction will provide us with the best platform from which to build."
Gary steered Bournemouth to a 15th-placed finish in the league last season, but their form trailed off towards the end of the campaign, which they ended with four defeats in a row.