PERTH, AUSTRALIA - AUGUST 05: Rodney Eade, coach of the Suns looks on during the 2017 AFL round 20 match between the Fremantle Dockers and the Gold Coast Suns at Domain Stadium on August 05, 2017 in Perth, Australia. (Photo by Daniel Carson/AFL Media/Getty Images)

The Gold Coast Suns have sacked coach Rodney Eade with three matches remaining in the 2017 AFL season.

Suns CEO Mark Evans and chairman Tony Cochrane confirmed the news on Tuesday morning and told Eade of the board's decision on Monday night.

The Gold Coast coach began at the Suns in 2015, and has won just 16 of his 63 matches in charge.

"We had a strong belief at the start of the year that we would challenge for the top eight this year, and we simply have failed,” Cochrane said.

“We’re simply in the same position as we were three years ago and that’s not good enough for our board.

“It doesn’t matter how you assess it, the wins-losses ratio is not what we want it to be, not even close.

“This is an industry, a sport judged by wins and losses ... we have to look to our future. We have to deliver better results, especially for our members, our supporters and our Gold Coast community.

He (Eade) was very dignified last night but was obviously disappointed. He didn’t agree with the decision but accepted it.”

The Suns currently sit 15th on the ladder, with six wins and 13 losses so far this season.

Assistant coach Dean Solomon will coach out the final three rounds of the season.

Carlton assistant coach John Barker is considered the hot favourite at this stage to take over the vacant coaching job next season.