Liverpool: Rafa Benitez left Liverpool after six years in charge on Thursday, with the club saying it needed a fresh start.
The club issued a statement saying Benitez was leaving "by mutual consent."
"It is very sad for me to announce that I will no longer be manager of Liverpool FC," Benitez said in a statement released by the club. "I would like to thank all of the staff and players for their efforts."
He said he would always remember the support he received from the Liverpool fans.
"I'll always keep in my heart the good times I've had here, the strong and loyal support of the fans in the tough times and the love from Liverpool. I have no words to thank you enough for all these years and I am very proud to say that I was your manager.
"Thank you so much once more and always remember: You'll never walk alone."
Liverpool chairman Martin Broughton said that a poor team performance in the season just ended had meant Benitez had to go.
"Rafa will forever be part of Liverpool folklore after bringing home the Champions League following the epic final in Istanbul but after a disappointing season both parties felt a fresh start would be best for all concerned."
The announcement came after the Spaniard had talks with the club and his agent to discuss a compensation deal worth 3 million pounds ($4.4 million; euro3.6 million) for him to depart with immediate effect.
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