Cologne are parting ways with coach Timo Schultz after being relegated from the Bundesliga for a seventh time. Schultz, 46, took charge in January on a contract until the end of the season, and a club statement on Monday said it would not be renewed for the second tier. Former Basel and St Pauli Hamburg coach Schultz failed to get the team out of the danger zone, managing only three victories in 18 matches as they finished second bottom. “We were of the opinion that we needed new impulses for the challenges that lie ahead in the upcoming 2nd Bundesliga season,” managing director Christian Kell…