What happened: Arne Slot is no longer Liverpool's manager after Fenway Sports Group moved to part ways with the Dutchman. The decision came despite earlier indications that Slot would remain in charge for another season, with a Liverpool insider now pointing to the underlying reasons behind the split.

Why it matters: The exit closes a turbulent chapter at Anfield and hands FSG the task of resetting the dugout, a call that shapes recruitment, squad direction and the club's next campaign. It follows reporting that Slot and Liverpool were set to part ways, despite his own earlier insistence that he expected to stay.

What to watch: Attention turns to whom FSG installs as Slot's successor and how quickly the search resolves. Watch for official confirmation of the managerial timeline from Liverpool.