Notts County have confirmed that manager Bill Dearden has left the club. Dearden, who has been at the helm for two years, resigned after the Magpies 5-2 defeat by Peterborough.
A club statement said: "The board wishes to stress that this decision had been reached mutually and amicably."
County spent 17 months in administration before the Blenheim Consortium bought the club in December.
Dearden was unable to sign any players during the period of administration.
The club statement added: "Over the last few days Billy Dearden and the board of Notts County Football Club have been in extensive negotiations concerning his future as manager of the club.
"He has informed the board that if it is in the interest of Notts County Football Club then he will resign.
"Therefore, by mutual agreement Billy Dearden has ceased to be manager of Notts County Football Club. We wish Billy Dearden all the best for the future."
MMIX
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