The Football Association have today announced that Stuart Pearce is to leave his position as the manager of the England U21 side when his contract expires at the end of the month.
"The Football Association today advised Stuart Pearce they will not be renewing his contract.
"The England Under-21s Coach was informed of the decision following Club England Board discussions."
News of Pearce leaving was expected across the football community after England's despicable performance at the European U21 Championships this summer which were eventually won by Spain after a 4-2 victory over Italy.
England lost all three of their games at the tournament including a 1-0 loss to hosts Israel in what became 'Psycho's' last game in charge of the side.
The writing was on the wall before the competition even started with reports of a bust up with Senior England boss Roy Hodgson over the availability of youngsters such as Alex Oxlade-Chamberlain and Phil Jones.
After their final loss to Israel last week, Pearce slated his players: "I'm not coming out here and defending anyone. I'm sick to the back teeth of doing that in this tournament. I'm not going to. Players have to deal with that."
Gareth Southgate is the new favourite to replace the former England defender, along with recently retired Phil Neville.