The Club’s Chairman, John Fry, said: “The decision to relieve Gary of his management duties is the hardest I have been involved in during my 23 years at Huish Park
“I cannot speak too highly of the man who in the past brought so much success to our club. We part company on good terms and I would like personally to wish him well for the future.”
Mr. Fry said the Yeovil Town Board of Directors want to place on record their gratitude to Gary Johnson for his hard work and for the success he had achieved.
He added: “Gary took the Glovers from the Conference to the Championship and is regarded as one of the best managers in the Football League”.
“More importantly, he is one of the most successful managers in Yeovil Town’s 119 year history.”
Mr Fry said he understood the huge affection fans felt for the manager, but that those same loyal supporters wanted success for their club.
He said: “Unfortunately, ours is a business that depends on good results, and at this stage of the season we find ourselves in a difficult situation.
“Following our relegation from the Championship and at the present time and with eighteen matches to go we find ourselves bottom of League One.
“After considerable discussion regarding the best way forward, the club’s directors decided to terminate Gary’s contract and to pursue alternative managerial options.
“I sincerely hope our incredibly loyal fans understand our decision.”
Mr. Fry said that Terry Skiverton would take over as Acting Manager until further notice with Darren Way as his assistant.
He added that there would be no further comment from the club.