Valencia has sacked former England defender Gary Neville as first-team coach, the Spanish club has announced.

Neville will be replaced until the end of the season by Pako Ayestaran, who was assistant coach of Valencia from 2001 to 2004 under Rafa Benitez.

“After careful consideration, the club have decided to make a change with the best interests of Valencia CF moving forward this season,” the La Liga club said in a statement on its website.

“We thank Gary for his work at Valencia and wish him the best in the future.”

Neville has responded with a separate statement, saying: “I would like to thank Valencia Football Club, the fans, staff and the players.

I would have liked to have continued the work I started but understand that we are in a results business and in the 28 games they have not been to my standards or to those which are required by this Club”.

Neville was appointed Valencia manager on 2 December following Nuno Espirito Santo’s resignation on 29 November.