There are going to be two sides to this story. We, as fans, have to try and pick the truths out of both sides of it to try and come to some understand what's happened.
The thing that gets me, is it seemed as though we may finally have had a chance to break our cycle of mediocrity. The future did not look as grim as it did at the start of the season, but at the moment it feels like we're stuck in a never ending cycle, with no way of breaking out of it. If (when?) the news becomes official, we cannot afford to dither on appointing a new manager. Otherwise, it's game over for the season.