Fay met with the club's board at Stangmore Park where he issued a 'sack me or back me' ultimatum.

The 45-year-old called for a meeting with Swifts officials after fans turned on chairman Jarlath Faloon following Tuesday night's 2-0 defeat to Bangor.

The result leaves Dungannon second from bottom in the JJB Sports Premiership, with only six points from eight games.

Speaking last night, Fay said: "There were a few comments made to the chairman and other board members after the Bangor game, so I wanted to put my view across and get them to buy into what I was trying to achieve at the club.

"I feel there is a quality squad at Stangmore, but injuries meant we couldn't get the same team out consistently.

"So I basically wanted the board to back me or sack me, and unfortunately it has ended this way."

Fay helped raised the profile of Dungannon after taking over the reins from Joe McAree in 2006.

The club enjoyed an Irish Cup final appearance against Linfield, and also starred in Europe and the Setanta Cup.

"I hope I have contributed to the club. The last couple of years were fantastic," he added.

"I am glad of my involvement over the years, but sadly everything has to come to an end sometime, and my time has arrived now."

Fay will now take time away from football before considering his future, but admitted he may never return to management.

"The job consumes your family life so I don't know if I would like to do it over again," he added.

"I will take some time away and enjoy some breathing space. I have played the game for 20 years and also been coach and manager. Management is so exhaustive of your time that I don't know if I could face it again."

James Slater will act as caretaker manager for tomorrow's Premiership clash at Institute.