Wolves chairman Jeff Shi has explained the sacking of manager Bruno Lage.
Lage succeeded Nuno Espirito Santo last summer and led Wolves to a 10th-placed finish in his first season in charge.
However, they have won one and lost nine of their past 15 Premier League matches under the Portuguese.
Wolves chairman Shi said that poor form meant he had “no choice” but take the “difficult decision” to sack Lage.
“Bruno is an excellent coach, a hardworking and dedicated manager, and a warm, wise and honest man,” said Shi.
“He and his staff have been a pleasure to work with throughout their time at Wolves, so it is with much sadness that we have had to make what has been a difficult decision.
“I honestly have no doubts about Bruno’s ability and I’m sure he will succeed elsewhere, however the team’s form and performances over the last few months mean that we have no choice but to act.”
The decision has come after high-level meetings in the wake of Saturday’s 2-0 defeat at the London Stadium, which raised renewed questions over the former Benfica boss.
The Black Country side have only scored three goals and picked up six points from eight games this season.
The club hierarchy felt the current run of form was a poor return given they have spent in excess of £100m on new players this summer.
