The Toffees handed the Dutch coach a significant transfer kitty in the summer and expected him to improve on last season's seventh-place finish.
However, the club had a torrid start to the new season under Koeman, with the 5-2 defeat at Arsenal's hands on Sunday leaving them in the relegation zone on 18th in the league table.
He was widely expected to be relieved of his duties, and the inevitable has happened per a statement by the club.
— Everton (@Everton) October 23, 2017
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