Brits Manager quit! That can't be a good sign...

Britney Spears's Manager Quits
MONDAY SEPTEMBER 17, 2007 08:00 PM EDT

By Mike Fleeman

Britney Spears

Photo by: Chris Weeks / WireImage

Britney Spears's manager has quit – issuing a statement Monday just hours after her lawyer also stopped representing her.

"It saddens us to confirm media reports that we have terminated our professional relationship with Britney Spears," her management company The Firm said in the statement. "We believe Britney is enormously talented, and has made a terrific record. But current circumstances have prevented us from properly doing our job. We wish Britney the best."

The statement didn't say what those circumstances were.

But Spears has stumbled recently in her career comeback. After releasing a new single "Gimme More" to strong reviews, she gave a disappointing performance opening the MTV Video Music Awards.

The statement confirmed a story first reported by CelebTV.com.

Spears had been represented by Jeff Kwatinetz of The Firm for the past month. He was the second person leaving Spears's camp on Monday.

Earlier in the day, Laura Wasser stepped down as her attorney in the custody battle with Kevin Federline. Wasser said Spears would be in "excellent hands" with her replacement and added, "I don't want anyone to perceive that we're dumping Britney."

Re: Brits Manager quit! That can't be a good sign...

"We believe Britney is enormously talented"

lets not go overboard, shall we?

Re: Brits Manager quit! That can't be a good sign...

I believe the girl really is talented.

As said in the movie A Bronx Tale....

"The saddest thing in life is wasted talent"

Re: Brits Manager quit! That can't be a good sign...

I bet that K-Fed's lawyer subponeas her manager at The Firm to get them to say she's unstable.