O’Neil, who took over as interim head coach following the sacking of Scott Parker in August, was given an 18-month deal in November. He guided the club to a 15th-placed finish in the Premier League, picking up 36 points during his time in charge.
Explaining the decision, Bournemouth owner Bill Foley said, “We have identified a number of significant targets in the transfer market. This change in direction will provide us with the best platform from which to build.”
We can confirm that we’ve parted company with head coach Gary O'Neil.
We’d like to place on record our thanks to Gary and wish him all the best for the future.
Foley also expressed his gratitude towards O’Neil, stating, “Gary will go on to have a long career as a head coach or manager, but we feel that, at this moment in time, a change is in the best interests of this football club. I would like to place on record my thanks to Gary and wish him all the best for the future.”
The club is expected to announce a new head coach shortly.