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This news comes as a shock, with Chairman Adam Pearson saying only yesterday: "I don't think it's the right time to change the manager and I will not be sacking Brian or any of the management team."
Little was appointed manager in April 2000, and became a hero at Boothferry Park after taking his side to the play-offs against all the odds, with transfero embargos, ground lock-outs and the threat of closure constantly looming over the club.
After being given £800,000 by new Chairman Adam Pearson to buy a new squad in the summer, he took the team to the automatic promotion zone. However, a dramatic dip in form saw us go 7 games without a win over the Christmas period and put 3rd place out of sight.
The defeat to Macclesfield on Friday was the last straw, and Little went by mutal consent today.
Youth Team Manager Billy Russell - who won the league with his Junior side this season - has taken over first team affairs until the end of the season when a permanent appointment will be made.
Adam Pearson says that he has a shortlist of possible replacements, but none will be available until the season's finished.