Manchester United reach financial settlement with sacked David Moyes

Written by Reuters | Manchester | Updated: Apr 26 2014, 16:52pm hrs
David MoyesDavid Moyes, who has only been in charge of Manchester United since July, paid the price for a hugely disappointing season on April 22 when it was announced that he has been sacked. (Reuters)
David Moyes has agreed a compensation settlement with Manchester United after being sacked only 10 months into a six-year contract, the League Managers' Association (LMA) said.

Media reports said he would be entitled to one year's salary, believed to be up to 5 million pounds ($8.40 million).

"The League Managers Association and Manchester United are pleased to confirm that terms of settlement have been agreed between the Club and David Moyes in respect of the termination of his employment," the LMA said in a statement on Friday - Moyes' 51st birthday.

Moyes was reported to have been annoyed to learn of his impending sacking from the media on Monday rather than the club, who dismissed him at an early-morning meeting on Tuesday.