City this morning confirmed the end of Stuart McCall’s reign as manager.

The club released a statement thanking McCall for his work during two-and-a-half years in charge at Valley Parade.

The statement read: “Stuart McCall has today left his post as manager of Bradford City.

“The decision was felt to be in the best interests of all parties following a run of disappointing results that have left the club in 16th place in the League Two table.

“The club would like to place on record its appreciation for Stuart’s efforts as manager over the past two years and seven months.

“During this time he has worked tirelessly and no one is more disappointed that his endeavours have not been rewarded with more success on the field than Stuart himself.

“Stuart will always have a special place in the hearts of our fans for the dedication and passion he has consistently shown to Bradford City, starting with two highly successful spells as a player with the club.

“No one could have anticipated the overwhelming response to the season-ticket campaign of 2007-08. This great achievement illustrated the huge regard Stuart is held in by everyone connected with the club. His place in some of the most memorable times in the club’s history is assured.”

City also outlined the financial implications of McCall’s departure.

The statement explained: “The board would like to thank Stuart, who – in recognition of the financial position of the club – has accepted a settlement in lieu of the remaining period of his contract that is reasonable, affordable and by no means as much as he could have been entitled to.

“This is because Stuart wants the club’s finances to be as strong as possible in order to achieve the ambition of climbing back up the Football League.

“The club will now seek to appoint a new manager to help us to achieve this ambition and reward the loyalty of the fans, including the 6,800 who have already purchased season tickets for the 2010-11 campaign.”