Manchester United have confirmed manager David Moyes has left the club with immediate effect.
"The club would like to place on record its thanks for the hard work, honesty and integrity he brought to the role," United confirmed in a short statement.
The new comes less than 48 hours after Manchester United lost 2-0 to Everton making it mathematically impossible for them to qualify for the Champions League.
Moyes arrived at Manchester United's training ground at Carrington on Tuesday morning where he was informed of the news by chief executive Ed Woodword.
Moyes, who turns 51 on Friday, was appointed on the recommendation of fellow-Scot Sir Alex Ferguson, who retired at the end of last season after 26 years in the job.
Moyes signed a six-year contract with the club last summer, but as the club failed to make the top four, it is believed United need only compensate him one year's wages – which would be around £4.5 million.
Manchester United legend Ryan Giggs has been confirmed as the interim manager until the end of the season.
Netherlands manager Louis van Gaal has been installed as the bookmakers' favourite for the permanent job and the former Barcelona and Ajax boss has confirmed he is leaving the Dutch national team after the World Cup.
Dortmund manager Jurgen Klopp has also been linked although he extended his contract with the Bundesliga giants until 2018 only last October and appears to have ruled himself out telling the Guardian: "Manchester United is a great club and I feel very familiar with their wonderful fans. But my commitment to Borussia Dortmund and the people is not breakable."
EUROSPORT'S VIEW
After watching such a public 'employment execution' it is hard not to feel a little sympathy for Moyes. However, crucially, there seems to be very few people suggesting the Glazers are making a mistake by moving in a new direction. United needed to act, their decline from champions to seventh place in the space of 10 months was simply unacceptable. Moyes has certainly not been helped by his players who need to take a large chunk of the responsibility, but the results speak for themselves. Moyes simply had to go.
WHAT HAPPENS NEXT
United need to act fast as they have a big summer of recruitment coming up. Moyes suggested the club was already working on a few deals and the club needs to know which potential moves the new boss is happy for them to push on with, and which they should abandon, as soon as possible as there can be no repeat of last summer's disastrous transfer window. Of the main contenders Van Gaal looks the easiest move to push through but his commitments at the World Cup presents its own problems. The tournament runs until July 13 and it would be no surprise to see the Netherlands competing in the latter stages.
As for Moyes, well his pay-off could be dependent on him not finding a new position so it would be no surprise to see him take a year off so he can pocket a full year's salary before returning to work, as it is unlikely anyone is going to pay him a wage that matches United's. He should still have enough cache to land a Premier League job but the bigger clubs are sure to stay away after his disastrous tenure at Old Trafford.
Source-Yahoo Sport
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