Kenny Dalglish: "I am disappointed with results in the league, but I would not have swapped the Carling Cup win for anything as I know how much it meant to our fans and the club to be back winning trophies.
"It has been an honour and a privilege to have had the chance to come back to Liverpool as manager. Whilst I am obviously disappointed to be leaving, the matter has been handled by the owners and all concerned in an honourable, respectful and dignified way and reflects on the quality of the people involved and their continued desire to move the football club forward."
Principal owner John Henry: "Kenny will always be more than a championship winning manager, more than a championship winning star player. He is in many ways the heart and soul of the club. He personifies everything that is good about Liverpool Football Club. He has always put the club and its supporters first. Kenny will always be a part of the family at Anfield.
"Our job now is to identify and recruit the right person to take this club forward and build on the strong foundations put in place during the last 18 months."
Chairman Tom Werner: "Kenny came into the club as manager at our request at a time when Liverpool really needed him. He didn't ask to be manager; he was asked to assume the role. He did so because he knew the club needed him. He did more than anyone else to stabilize Liverpool over the past year-and-a-half and to get us once again looking forward. We owe him a great debt of gratitude.
"However, results in the Premier League have been disappointing and we believe to build on the progress that has already been made, we need to make a change. We are committed to delivering success for our supporters and our ambition remains resolute to return this great club to the elite of England and Europe, where it belongs."
Former Liverpool winger John Barnes: "They’ve not really been consistent enough. Doing well in the league is what it’s all about. Liverpool have been a good Cup side over the last few years, but no-one is immune from criticism. We’re in the results business and if Alex Ferguson goes for a run without winning games even he would be in trouble."
Former Liverpool defender Mark Lawrenson: "Kenny himself will be really seriously disappointed. If you talk to the majority of Liverpool fans who actually went to games they will say the team actually played really well. Major surgery wasn't required.
"The fact is that the league form hasn't been good enough for the owners. It's disappointing they haven't got anyone lined up. Paul Lambert, Brendan Rodgers and Roberto Martinez have been mentioned as successors. They have done great jobs but it is very different at a club like Liverpool where you are expected to win every game. The current England manager Roy Hodgson found that when he went to Liverpool."
Former Liverpool player Terry McDermott: "It's a big call. I think they've pulled the trigger at least six months too early. A Liverpool person, or a person who knows about football, would have kept Kenny at least until Christmas but people who don't know as much about football maybe came to this decision. To do it now, I think, is the wrong thing."
TV pundit and former Wales striker John Hartson: "The Liverpool hierarchy are a disgrace sacking Kenny Dalglish - delivers a trophy and was inches from taking his team to extra-time in the FA Cup final and is king on Merseyside. Ok league position not Liverpool-like but who on earth will improve on them stats next season? Terrible decision and I bet there are lots of worried Liverpool fans out there."
Former Liverpool player John Scales: "I'm shocked and stunned that Kenny's left Liverpool. But having said that, Liverpool have fallen well short of their targets in the Premier League this season. They were almost 40 points behind the two Manchester clubs and it has been a difficult season for Dalglish. There were question marks over the players that came in, question marks over the way the team played and their poor home record didn't help either."
Max Munton of Liverpool fansite ‘This is Anfield’: "I think you do need to give managers longer to reach that sustainability of success. If you look at the most successful manager in the Premier League they have been at their club for a while. Just because he's got this legendary status at the club doesn't mean he should get more time but I still think it is a hasty decision. I would go for Rafa Benitez again. He didn't finish off the job he started."
Journalist and former Liverpool striker Stan Collymore: "Would a top class manager go to Liverpool? Form is temporary, class is permanent. One of a handful of global big boys. That’s the truth. Rijkaard, Van Basten would be good. Big men who’ve lived and breathed the big expectation Liverpool need this. Can’t gamble on maybes anymore. If FSG are serious Guardiola, Capello, Hiddink should be the calibre they are looking for. Martinez/Rodgers/Lambert absolutely not for LFC."
Kelly Cates, Dalglish’s daughter and journalist: "Devastated for Dad but incredibly proud of the job he's done."