Gary Bowyer has become the first managerial casualty of the season – just one game into the campaign.
Bowyer has stepped down as Tangerines boss following their 0-0 draw at Wycombe in their League One opener on Saturday.
He is understood to have held talks with owner Owen Oyston on Monday and his assistant Terry McPhillips has been placed in temporary charge.
"It has been a pleasure to manage Blackpool Football Club over the past two years and there are many people I wish to express my thanks to," Bowyer said on the club’s official website.
"Firstly, all the staff at the club who continue to go above and beyond to support the team. The players, whose efforts and commitment have played a massive part in achieving promotion in the 2016-17 season and gaining a top-half finish in League One last season.
"To my football staff, your support, loyalty and incredible work-ethic has been fantastic, your willingness to go that extra mile for the good of the club will never be forgotten.
"I’m extremely grateful to the board for giving me the opportunity to manage such an historic football club and finally I would like to thank the supporters, your unbelievable passion and support of both the team and myself will stay with me forever.
"I wish Blackpool Football Club all the best for this coming season and every success in the future."
Bowyer, the former Blackburn manager, took over at Blackpool in June 2016 following the club’s relegation from League One.
The 47-year-old won promotion at the first time of asking via the League Two play-offs.
But Bowyer’s relationship with the controversial Oyston came under scrutiny after several members of the squad which finished 12th last season moved on this summer.
A club statement paid tribute to Bowyer, saying: "The directors, management and personnel of Blackpool Football Club and in particular our passionate and amazing fans, would like to place on record our deep appreciation and gratitude for your successful efforts, which in your first year achieved promotion from League Two and then in your second year stabilised the team and the club in League One.
"Your professionalism has been of the highest standard and hopefully your legacy and wonderful team spirit that you have engendered will endure through your protege.
"We hope the time with your family will bring you much pleasure and rest and replenish your reserves and strengths in readiness for whatever challenge you wish to take on in the future."
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