A statement released by the club's website said: "Newcastle United today announced that Glenn Roeder has offered his resignation as team manager with immediate effect and this has been accepted by the Newcastle United board."

The decision was made by Roeder after an emergency meeting was called on Sunday following Saturday's 2-0 loss to Blackburn.

First-team coach Nigel Pearson will take charge of the team for its final game of the season, an away match at Watford.

According to reports, former Bolton manager Sam Allardyce is the early favorite to succeed Roeder at Newcastle. Allardyce quit Bolton recently after eight seasons with the club, and he would become the fifth manager in the last 10 years at Newcastle.

Whoever takes over at the club will inherit a roster that is filled with talent, but has not always played that way. After suffering through a number of injury problems in the early part of the season, Newcastle rebounded to move up the table. However, the Magpies are currently 13th in the standings, and have gone winless in their last five Premiership contests.