Ex-player Beardsley has been around leave since a research into bullying allegations was established last year.
The 58-year-old, under-23s coach at Newcastle since 2009, had”categorically denied that the allegations”.
The club included it was”thankful for its contribution Peter has given through the years as a player, coach and ambassador and we WISh him well for its near future”.
After the allegations surfaced in January 2018, Beardsley’s solicitors issued a refusal of what they predicted”incorrect media reports that lead to unauthorised leaks”.
The announcement on Wednesday of Newcastle makes no reference to the findings or results of its own evaluation.
More to follow