The sack of the lack-lustre coach on Monday has confirmed earlier reports that the soccer legend would soon be shown the exit door.
The club described the decision as very difficult, and not one the owner and the Board have taken lightly.
Club owner, Roman Abramovich, said: “This was a very difficult decision for the Club, not least because I have an excellent personal relationship with Frank and I have the utmost respect for him’.
“He is a man of great integrity and has the highest of work ethics. However, under current circumstances, we believe it is best to change managers.
“On behalf of everyone at the Club, the Board and personally, I would like to thank Frank for his work as Head Coach and wish him every success in the future.”
“He is an important icon of this great club and his status here remains undiminished. He will always be warmly welcomed back at Stamford Bridge.”