Published Monday, 16 April 2012
Former Northern Ireland boss Lawrie Sanchez. (© Getty)
He'll be replaced with immediate effect by Martin Allen, according to a statement from the club.
Sanchez took charge of the Bees in May last year, winning just 15 of his 53 games at the helm - but he's now hit out at the club following his dismissal.
"Following the termination of my contract by Barnet FC, I'd like to express my extreme disappointment at the lack of loyalty shown in me by the club," Sanchez said in a statement.
"It is the same lack of loyalty the club accused Martin Allen of showing when he walked out on Barnet towards the end of last season."
He added: "When I took over from Martin, the club were three points adrift of safety with just four games of the season left and under serious threat of relegation to the Conference.
"However, thanks to a fantastic effort from the players, staff and myself, Barnet took seven points from those last four games and avoided relegation.
"Now, exactly a year since my appointment, the club are three points clear of the relegation zone with three games to go. I certainly felt that recent performances would see the club remain clear of the threat of relegation.
"Unfortunately, that confidence seems not to have been mirrored in the boardroom and I am disappointed the club have lost their nerve at such a vital stage of the season."