David Moyes has resigned as coach of Sunderland following the club’s relegation from the English Premier League.
He departs the club without taking the £3million compensation he was entitled to – in the case of a sacking.
In a statement on the club’s website, Ellis Short, chairman of Sunderland, said: “I pursued the services of David Moyes for a considerable period prior to his appointment last summer, which makes the announcement of his departure difficult for everyone concerned.”
“Having worked tirelessly throughout the campaign to avoid relegation from the Premier League, David has chosen to leave the club without compensation, which is testament to his character.
“In the days ahead we will take some time for reflection, and then focus on recruitment and pre-season as we prepare for our Championship campaign.
“We wish David well in the future.”
Moyes, in a short statement, said: “I would like to thank Ellis Short and the Board for giving me the opportunity to manage Sunderland and the fans for always being so passionately supportive of their club.
“I wish the players and my successor well in their efforts towards promotion back to the Premier League.”