Magilton is said to have declined to have his name added to a shortlist of candidates for the coaching position, after it appeared he had at one stage been offered the permanent job.

It was a low-key ending to an appointment that started with much fanfare back in January when he replaced Mehmet Durakovic.

After being brought in to turnaround the club’s poor form and guide them to the A-League Finals, the Northern Irishman seemed powerless to arrest the slide and Victory finished a disappointing eighth.

His record of 2 wins, 5 draws and 5 losses fell far short of what was needed to steer the Melbourne club to the top six play-offs.

Magilton made no secret of the fact Victory needed a major overhaul if they were to challenge for future honours.

In a statement today the club said: “Jim was advised that he would be one of the candidates on a short-list of coaches vying for the permanent position, but today advised the club that he did not want to partake in this process.”

Managing Director, Richard Wilson, praised Magilton for his impact on Victory in a short time.

“Jim arrived at the shortest of notice, on a leap of faith, stepping into a role that he had limited background on,” Wilson said.

“We realise that we didn’t ultimately reach the finals this season, which was our goal, but we also believe Jim was unlucky not to have finished with a better record, given we conceded goals in the dying stages of games against Sydney and Gold Coast.

“He was a total professional throughout the three months he was here. His preparation week-to-week was exceptional, his team selection saw the integration of several youngsters and was always in the best interests of the club.

“He also re-shaped a number of processes in the football department with the support of his assistant Chris O’Loughlin, who he brought with him, which will hold us in very good stead as we take our next steps forward.

“In summary, he left no stone unturned, tackled every issue head-on and he will only be remembered in a positive way from everyone involved in Melbourne Victory. We certainly wish Jim and Chris well in their future coaching endeavours.”

Magilton, reflecting on his time with the club said: “On behalf of Chris and myself, I’d like to thank everyone at Melbourne Victory for the opportunity that was presented to us.”

“We have thoroughly enjoyed the experience and wish the club every success in the future.”

The club has a short-list of candidates for the Head Coach role and the process for appointment is underway. The club will not respond to speculation around candidates and looks forward to advising media, members and fans of an appointment, when in a position to do so.