Manchester United And David Moyes Agree Exit Terms

Manchester United and David Moyes have agreed settlement terms following the manager's sacking this week.

The Scot, who only signed a six-year contract last summer, was axed from his post at Old Trafford on Tuesday.

A statement from the League Managers Association (LMA), the body that looks after the interests of managers, read: "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.

"A settlement agreement is in the process of being finalised. No further comment will be made in relation to this issue."

There was no indication how much money Moyes had received as part of the severance deal.