Moyes Sacked As Manchester United Manager
Tue 22nd Apr 2014 | Football Club Management
Manchester United have confirmed David Moyes’ departure as manager of the club.
A brief statement on the club’s official Twitter account this morning confirmed the news which had been circulating since Monday.
“Manchester United announces that David Moyes has left the club. The club would like to place on record its thanks for the hard work, honesty and integrity he brought to the role,” read the statement.
Moyes, who took over from Sir Alex Ferguson in the summer, had struggled to maintain any kind of form this season with the loss against his old club, Everton proving the final straw for the club’s owners and sees them out of any kind of European competition next season.
Rumours of Moyes’ imminent dismissal saw a fall in United’s share price by 0.95% to $17.72 yesterday. Shares in United had been recovering from a low of $14.26 in mid February following a series of poor results.
Details are yet to emerge, but it's understood that Moyes will only receive a payout equalling one year of his six year contract.
Ashley Wootton, sports specialist solicitor at leading law firm Thomas Eggar LLP, commented, “It has been reported that United will only have to pay Moyes one year’s salary for the early termination of the 6 year deal.
"It appears that Manchester United may have feared that Moyes may not be the right person for the job from the beginning, by inserting a break clause if certain targets were not reached.
"It is likely that one of those targets would have been to secure Champions League qualification as a minimum, a target that became impossible this season after United’s defeat to Everton on Sunday.
“If reports of the break clause in Moyes’ contract are true, this would set a prudent precedent for other clubs to follow.
"The message that a long term contract sends out is one of longevity and stability, however the risk that comes with such a long term deal becomes apparent when results on the pitch do not match expectations.
"Inserting a potential break clause that allows the club to depart from the contract earlier than the original end date in the event that the club are not performing as required, will help prevent clubs paying larger compensation amounts than they would ordinarily have to pay.
“The terms of the contract would have been agreed at the start and it is clear that if the break clause is in the contract, then Manchester United were hoping for the best but planning for the worst.
"The fact that it is reported that Moyes will still receive a year’s salary would have been a point expressly negotiated to soften the blow of being dismissed far earlier than Moyes would have anticipated.”
United have confirmed that Ryan Giggs will take charge of team affairs for the interim. Moyes' assistant Steve Round and first-team coach Jimmy Lumsden have also left the club.
Goalkeeping coach Chris Woods and first-team coach Phil Neville will remain.
Holland manager Louis van Gaal remains the bookies' favourite to take charge after confirming he will leave his current position following this summer's World Cup in Brazil.
United's share price rose to its highest in 11 months as the club announced the departure of Moyes.
Opening at $17.90, the share price soon rose to $18.00 and stayed strong throughout the first hour of trading on the New York Stock Exchange.
Image: Action Images / Carl Recine Livepic
Posted by: Aaron Gourley
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