Barry Ferguson has stepped down from his role as manager of Alloa after the club could only manage one win from their last 11 games in all competitions.
East Fife were the latest team to leave Recreation Park with all three points after coming from behind to beat the Wasps 3-1 on Saturday.
The defeat leaves Alloa in eighth place in League One and only a point behind second-bottom Peterhead who also have two games in hand.
As a result the former Scotland, Rangers and Blackburn Rovers captain says the team is in need of a change of direction and tendered his resignation.
Announcing the news on Monday, chairman Mike Mulraney said: “I have huge respect for Barry and appreciate the effort he has given the club this season. Whilst I share Barry’s disappointment in our performances over the last few weeks I have nothing but praise for his endeavour and commitment to the club in his time with us.
“His professionalism and dedication has been a credit to him and he leaves with our best wishes and thanks.”
Alloa have won six of their 25 league games this season, drawing seven and losing 12, and have 25 points and a goal-difference of -12.
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