West Ham have sacked manager Manuel Pellegrini after a 2-1 home defeat by Leicester City - their ninth loss in the past 12 games. The Hammers' latest defeat on Saturday leaves them 17th, one point above the Premier League relegation zone. Pellegrini departs after 18 months in charge, having been appointed in May 2018 on a three-year deal. "It is with great disappointment that we've had to make this decision," said joint-chairman David Sullivan. "It has become clear that that a change is required to get the club back on track in line with our ambitions this season. "We felt it was necessary to act now in order to give the new manager as much time as possible to try and achieve that goal." Pellegrini led them to 10th last season but becomes the sixth Premier League manager to lose his job this campaign. As well as their poor form in the league, West Ham were also knocked out of the Carabao Cup by League One side Oxford United, losing 4-0 in September. West Ham won 24 of their 64 matches under the Chilean, losing 29. The Hammers have broken their transfer record twice under Pellegrini, paying £36m for Brazil winger Felipe Anderson in 2018 before a £45m deal for French striker Sebastien Haller in July as part of a £71m summer spend. They have spent £155m while the former Manchester City boss has been in charge.