Jaap Stam has left his position as manager of Reading by mutual consent, the Championship club annnounced on Wednesday morning.
In a statement on the club’s official website, the Royals said: “Majority shareholders, Mr Yongge Dai and Ms Xiu Li Dai, had wanted to give Jaap every opportunity to turn around what has been a difficult and challenging Championship campaign.
“Jaap has not wavered in the time, effort and sheer determination he has put in to try to steer the team away from the position we find ourselves in. However, after careful consideration, the decision has been made that a change is now necessary.
“We would like to thank Jaap for his hard work and commitment to the club, in particular noting what he achieved in a memorable first season in club management, and we wish him the very best of luck in his future endeavours.
“We will now focus on identifying and recruiting the right person to take Reading Football Club forward.”
Stam, who guided Reading to the play-off final last season only to see them beaten by Huddersfield on penalties, leaves the Royals in 20th place and just three points clear of the relegation zone.