Spurs part with Sherwood
Manager Tim Sherwood has parted company with Tottenham.
Sherwood took charge of Spurs in December last year on an 18-month deal following the departure of Andre Villas-Boas although his future has been under scrutiny for some time.
Despite leading the north London club to a sixth-place finish in the Barclays Premier League, ensuring qualification for the Europa League next season, it has been decided the 45-year-old will not continue in his role.
"We appointed Tim mid-season as someone who knew both the players and the club," said chairman Daniel Levy in a statement on the club's official website.
"We agreed an 18-month contract with a break clause at the end of the season and we have now exercised that option."
Sherwood has long been battling against suggestions he would be relieved of his duties at the end of the season - with names such as Louis van Gaal, Frank de Boer and Mauricio Pochettino consistently linked to the post.
Having worked with the club's younger players, Sherwood has stated many times that he would never wish to return to his developmental role with Spurs.
When asked in his press conference ahead of their final game of the season against Aston Villa he revealed he was not confident he would be managing anywhere next year.
During his spell in charge Sherwood compared his position to that of a babysitter and a supply teacher but did guide the club to victories over Manchester United at Old Trafford, ending the season with a win percentage of 59 per cent.
The club's statement went on to suggest a new head coach is not yet in place.
"Moving forward, now the season is over, we shall embark on the process of finding a new head coach," it continued.
"We have a talented squad and exciting young players coming through. We need to build on this season, develop our potential and inspire the kind of performances that we associate with our great club."
Having never managed at the top level before, Sherwood was initially installed as interim replacement for Villas-Boas, with a Capital One Cup exit to local rivals West Ham his first game in charge.
A 5-1 home defeat to eventual champions Manchester City and a 4-0 thrashing at Chelsea saw Sherwood question the commitment of a number of his players.
He always claimed the uncertainty over his position was making the job harder and, as the season drew to a close, even his players started suggesting Sherwood's tenure was coming to an end.
Midfielder Sandro, who had fallen out of favour under Sherwood, told ESPN Brazil he was expecting a new man to be in charge at the start of the new campaign and now he has been proven correct.
Reports surfaced at the end of April that Levy had been in contact with Ajax to enquire about the availability of De Boer, but Southampton boss Pochettino is the favourite to take charge at White Hart Lane, with initial front-runner Van Gaal set to be installed as Manchester United's new manager.