Billy Gillispie not wanted for head coach at U.K.

Billy Gillispie, will not continue as the head coach of the men's basketball program of the University of Kentucky, the institution announced on Friday afternoon during a press conference at the Memorial Coliseum media room.

The U.K. Athletics Director Mitch Barnhart and the U.K. President Lee T. Todd, Jr. said the chemistry with Gillispie disappeared over a period of time and became apparent that there were "dramatic" differences in their goals.  The Directors said they will begin to search for a new coach immediately.

"We decided to not bring Coach Gillispie back to lead our men's basketball program. We firmly believe that moving in a different direction will be in the best interest of everyone involved with this program," said Barnhart to the media. "It is my responsibility, and I understand that, to hire the coaches, a coach that embraces the fans and the national attention at Kentucky and is committed to the principles of our program."

Gillispie compiled a 40 game wins and 27 loss record in two seasons, according to the University's statistics.

Click here for the Video of the Press Conference delivered Friday.