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David Moyes severance package with Manchester United agreed
MANCHESTER UNITED have reached agreement with David Moyes over the terms of his severance package.
Moyes was sacked on Tuesday 10 months into a six-year contract at Old Trafford and reports suggested that the terms of a deal could take as long as two weeks to negotiate.
But with both parties wanting to move on quickly, terms have already been agreed.
Terms of settlement have been agreed between the Club and David Moyes in respect of the termination of his employment.
The League Managers' Association confirmed the news on Friday afternoon and while financial details of the agreement have been witheld, it has been speculated that the Scot will be paid a total of £7m for his time in charge.
An LMA statement 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."