Forward line coach David Teague, a former best and fairest winner with the club, will be interim coach for the rest of the season.
Bolton said he was disappointed but understood the club’s decision.
“It’s something I’ve cherished and be forever grateful for to coach a big Melbourne club,” he said.
“I’m obviously disappointed but I understand the reality of this caper.
“It’s another Carlton-first decision and that’s the way it is.”
He called on Carlton fans to stick by the players.
“To all the Bluebaggers, thanks for your patience but keep supporting these young guys because they are inspired by the noise you make.”
LoGiudice thanked Bolton for his contribution, but said the Blues could not afford to sit back and wait any longer.
“Brendon Bolton has been an outstanding person for this football club over the last three and a half seasons,” he said.
“There is no question that he has given his heart and soul.”
Staff were told of Bolton’s sacking earlier in the day by Liddle. The players were informed with Bolton present.
Teague was a courageous defender who played 83 games across six seasons with North Melbourne and Carlton.
In 2004 he won the John Nicholls Medal for Carlton’s best and fairest, a year in which he also claimed the league’s Robert Rose Award for most courageous player, joining the likes of six-time winner Glenn Archer and five-time winner Paul Kelly.
After retiring from AFL football in 2006, Teague served as playing-coach of the Northern Bullants in 2007 before hanging up his boots after the 2009 season.
He continued to coach the VFL club, taking them to two losing grand finals.
Teague headed west in 2011 as an assistant at West Coast before also working in coaching roles at St Kilda and Adelaide before returning to Carlton at the end of the 2017 season.
Bolton joined the Blues after serving as an assistant coach to Hawthorn’s Alastair Clarkson.
He had a winning record of just 20.78 per cent during his time at Carlton, the third-lowest of any senior VFL/AFL coach to have led for at least 60 games.
Bolton led the Blues to just 16 wins from 77 games.
The Blues sit bottom of the ladder, having won four of their past 43 games after being thumped by Essendon at the MCG on Sunday.
High-profile club officials such as football director Chris Judd and LoGiudice had repeatedly backed Bolton throughout the season even as the poor performances mounted, but the club, after a series of meetings between key figures on Monday morning, finally ended Bolton’s tenure.
Jake Niall is a Walkley award-winning sports journalist and chief AFL writer for The Age.
Sam McClure won the Clinton Grybas rising star award at the AFL media association awards in 2015.