Slaven Bilic is the latest managerial casualty of the 2017-18 English Premier League season, after West Ham terminated his contract today.

The club said the change was “necessary” after a 4-1 defeat to Liverpool over the weekend left the club in the relegation zone.

A club statement said: “The search for a new manager to take West Ham United forward is under way and an announcement regarding Bilic’s successor is expected to be made over the coming days,”

A statement from joint chairmen David Sullivan and David Gold said the decision to sack him had been made “with disappointment and heavy hearts”.

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“We see this as an exciting opportunity to appoint a quality manager to the position to inject fresh ideas, organisation and enthusiasm into a very talented squad,” they said.

“We will now focus our entire efforts on bringing in the manager we believe can get the best out of the current squad of players and steer the club towards the top half of the table as quickly as possible,” said Gold and Sullivan.

Speaking to reporters as he left West Ham’s training ground, Bilic said: “There are no hard feelings. I can be very proud of my work here.

“We didn’t start this crucial season well. As in many clubs across Europe, the manager is the one who pays the price. It’s a very logical move.”

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Bilic’s coaching assistants Nikola Jurcevic, Edin Terzic, Julian Dicks and Miljenko Rak have also left the club with immediate effect.

Former Manchester United manager David Moyes has been linked heavily with the job, and has declared his interest in the job.

Moyes said: “I’ve always said I want to go back into club management. If the right opportunity comes around, I’ll be interested.”

Asked specifically about West Ham, the 54-year-old said: “I am interested but at the moment that vacancy has not become available. I know what Slaven must be going through.”

West Ham are reportedly offering him a deal until the end of the season, at which point Moyes’s future would be reviewed.