Bournemouth manager Scott Parker was sacked from his Premier League position on Tuesday, three days after their 9-0 defeat to Liverpool at Anfield.
The defeat is the third consecutive defeat for Bournemouth in the league after losing 4-0 to Manchester City and 3-0 to Arsenal.
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“I would like to place on record my gratitude to Scott and his team for their efforts during their time with us,” club owner Maxime Demin said in a statement.
“However, in order to continue to progress as a team and as a club as a whole, it is unconditional that we are the same in our strategy to run the club sustainably.”
Bournemouth said the search for a new coach would begin immediately and first-team coach Gary O’Neill would take over in the meantime.
Demin’s comments appear to have been in response to Parker’s post-match interview at Anfield following the record-breaking Premier League defeat.
Parker said he was “not surprised” by the result and that he needed some new signings to strengthen his team, which finished second in the second division last season.
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“It doesn’t surprise me,” he said after Saturday’s defeat. “This is where I am at the moment. The players need help. Today proved to be a very big challenge. The levels were very high.”
“We have a decision to make as a club. There will be days like these. Time will tell. It’s a huge disappointment, a real humbling experience.
“We have some days where we hope we can get some help and support and help the current team, who came from the championship.”
Liverpool manager Jurgen Klopp said the decision to fire Parker was “cruel” after learning the news on Tuesday.
“When I heard [the Scott Parker news] “I realized today how important it is to have the right owners for the football club at this moment,” Klopp told a news conference ahead of their game against Newcastle on Wednesday.
“Some clubs are owned by states but others have a structure like us and maybe Arsenal. Then three teams came in, Nottingham spend, Fulham I don’t remember Bournemouth doing much, which is difficult for the coach. He felt for Scott.
“In the first four games they had Arsenal, City and Liverpool – set up for a new manager if you have a nervous owner.”
Bournemouth appointed Parker last year after leaving his position as Fulham manager, and guiding his new team to the Premier League with a second place finish in the tournament.
They made an encouraging start to life again in the top flight with a 2-0 win over Aston Villa but Parker is now the first coach to lose his job this season after three heavy defeats.