Club Legend ''Frank Lampard'' has been sacked by Chelsea after spending £200M on new players in the summer.
In a statement made via thier official website, Chelsea said "results and performances have not met the club's expectations, leaving the club mid-table without any clear path to sustained improvement".
Lampard, who is the club's all-time leading goalscorer, enjoyed a good first season as Blues boss, taking them to the FA Cup final and securing qualification for the Champions League.
However, after being labelled Premier League and Champions League contenders after a 17-match unbeaten streak earlier in the season,a 1-0 loss to Everton in early December sparked a dramatic downturn in form which resulted in being ninth in the Premier League after 19 games and 11 points behind leaders Manchester United.
In a statement, club owner Abramovich said: "This was a very difficult decision for the club, not least because I have an excellent personal relationship with Frank and I have the utmost respect for him.