The former England skipper’s appointment as coach of the Spanish giants has been terminated after barely 3 months in charge
The club said Wednesday in a statement that it "decided to make a change with the best interests of the Valencia CF moving forward this season." It thanked Neville and wished "him the best in the future."
Valencia said Pako Ayestaran, a former assistant coach, will take over the squad until the end of the season.
Pako worked under Rafa Benitez at Valencia between 2001 and 2004 - a spell which saw it collect La Liga and UEFA Cup titles - and then followed Benitez to work at Liverpool for another three-year stint. He was appointed to assist Neville at the Mestalla in February, with the Englishman insisting at the time that it was his decision to bring in Pako.
The 53-year-old Spaniard will assume interim duties in the technical area for Saturday's trip to Las Palmas.
The former Manchester United skipper was appointed as the successor of Nuno Espirito Santo for his first job in management at the start of December. The ensuing time frame saw Los Che plummet from ninth in the table with hopes of European qualification to 14th, just six points above the relegation zone.
His struggles in the domestic division were evident from the very beginning, and he had to wait for his first win at the 10th attempt against Espanyol on Feb. 13. His overall La Liga record stood at just three wins in 16 outings.
Names of managers set to succeed Pako after his brief stint are already being bandied around, with Manuel Pellegrini, who is leaving Manchester City at the end of the season, emerging as an early candidate.