Several allegations of racism were made against the 62-year-old, leading to multiple investigations.
It comes after a former player alleged that the changing room at the club was divided on the basis of race.
According to Sky Sports News, seven players from Crawley have come forward to say that Yems used discrimination against them.
Yems was suspended by his employers late last month due to serious and credible allegations. There are separate inquiries being conducted by the Football Association and the PFA.
The club statement did not mention the allegations or investigations, with the League Two side now embarking on a global search for a new manager. Lewis Young will be the assistant manager this weekend.
The co-chairman of the club said they were looking forward to the next era.
We are eager to partner with our players and supporters as we build a team and community that Red United fans can continue to be proud of.
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Sky Sports News has been told that the PFA has offered support to those who have been affected by the allegations.
The club's new American owners held a fans forum at the ground this week, but supporters were told they couldn't ask questions because of ongoing investigations.
Johnson and Smith, who purchased the club with money raised from cryptocurrencies, have refused to be interviewed.
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