Emery was appointed head coach at Arsenal in 2018 on a two-year deal, succeeding Arsene Wenger after his 22 years in charge of the club.
However, the Spaniard has been sacked after just 18 months in the role “due to results and performances not being at the level required”, according to a club statement.
Former Arsenal winger and member of ‘The Invincibles’, Freddie Ljungberg, will take charge of the first team while the club searches for a permanent replacement for Emery.
Arsenal director Josh Kroenke said: “Our most sincere thanks go to Unai and his colleagues who were unrelenting in their efforts to get the club back to competing at the level we all expect and demand.
“We wish Unai and his team nothing but future success.”
Arsenal say they have “full confidence” in Ljungberg, who will take charge of the Gunners for the first time against Norwich on Sunday, live on Sky Sports.
Sky Sports News understands that several senior figures at the club, including head of football Raul Sanllehi and technical director Edu, had decided before the Frankfurt defeat that Emery needed to be replaced.
Arsenal owner Stan Kroenke was willing to give Emery more time but lost faith in the Spaniard after Thursday’s result.
Who next for Arsenal?
It is understood some senior figures at Arsenal wanted Jose Mourinho to replace Emery before he joined north London rivals Tottenham as head coach.
Sky Sports News understands Arsenal have made contact with Juventus manager Massimiliano Allegri, who is keen on the vacant role at the Emirates.
But former Arsenal striker Charlie Nicholas told Sky Sports News: “Arsenal need to get a bit of leadership and togetherness, and if they’re really serious about moving this forward and moving it on, they must go and get Brendan Rodgers now.”
Why have Arsenal sacked Emery now?
Analysis from Sky Sports News’ Kaveh Solhekol:
“Simply put, results have not been good enough. Arsenal have not won a game in seven matches, the players don’t seem to be playing for him and the fans have turned on him as well. Last night’s game against Frankfurt, the official attendance was about 49,000 but a lot of people here think there were only about 25,000 were here, that is the lowest attendance for a game at the Emirates.
“Our information is that a lot of people behind the scenes had lost faith in Unai Emery, but the main reason he has lost his job is results. You can go back to last season as well, when Arsenal missed out on qualifying for the Champions League by one point, then had that chance to get into the Champions League in the Europa League against Chelsea, they lost that as well, 4-1, and they went into the Europa League again.
Source :Sky Sports