(CNN) -- Sam Allardyce has been sacked by Blackburn Rovers, the second Premier League manager to lose his job in the past week.
Just seven days after Chris Hughton was dismissed from his Newcastle United job, Allardyce has been given his marching orders by Blackburn's new Indian-based owners, The Venky's Group.
A statement issued by the owners on the club's official website, read: "We can confirm the departure of manager Sam Allardyce and assistant manager Neil McDonald with immediate effect.
"First team coaching duties will be taken on by Steve Keane (currently first team coach) for the immediate future.
"We have taken this decision as part of our wider plans and ambitions for the club. We would like to put on record our thanks to Mr Allardyce for his contribution to Blackburn Rovers Football Club."
Despite the club losing 2-1 to north-west rivals Bolton -- Allardyce's former club --- on Sunday, there had been no previous suggestions that his job was under threat. That loss left Blackburn 13th in the table, five points above the relegation zone.
Allardyce later released his own statement through the League Managers' Association (LMA), saying: "I am very shocked and disappointed to be leaving Blackburn Rovers.
"I am extremely proud to have managed this club and I enjoyed a fantastic relationship with the players, my staff and the supporters during my time in charge. I now wish them and the football club every success for the future."
LMA chief executive Richard Bevan added: "When new owners take over a club, sadly, the manager's position often hangs by a thread.
"To Sam's great misfortune this has now happened twice, at both Newcastle and Blackburn. On both occasions, it has been extremely difficult to understand the thinking behind the dismissals."