Valencia sacked coach Javi Gracia a day after the team slipped to within six points of the relegation zone in La Liga, the club said in a statement on Monday.
Spaniard Gracia, who took over at the end of last season, was fired following the team's 3-2 home defeat by Barcelona on Sunday, their sixth consecutive league game without a win.
He leaves them 14th in the standings, six above 18th-placed Huesca with four games left.
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His departure has been expected ever since he offered his resignation in October after the club failed to sign any players in the transfer window despite selling a number of influential footballers, including captain Dani Parejo and Spain forwards Ferran Torres and Rodrigo Moreno.
Valencia president Anil Murthy justified the club's lack of signings by revealing they suffered a €100m fall in revenue due to the coronavirus pandemic.
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