Scot signed a six-year deal at the Theatre of Dreams only last year.
Recently departed Manchester United head coach David Moyes will receive no more than £5m in compensation from the Premier League champions after being relieved of his duties at Old Trafford on Tuesday morning, according to reports in the Daily Mail.
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The former Everton manager was told of the decision at a meeting with executive vice-chairman Ed Woodward at the club’s Carrington training ground at 7.40am on Tuesday, with Sunday afternoon’s limp 2-0 surrender at Goodison Park said to be the final straw for the Red Devils board of directors.
Moyes was only appointed to succeed former United manager Sir Alex Ferguson in the Old Trafford hot seat last July, with the Scot handed a bumper six-year contract worth a whopping £5m a year.
However, under the terms of that deal which Moyes and United agreed last summer, there was what is known as an ‘ejector-seat’ clause which stated that in the event of the new man losing his job on the back of the Premier League giants failing to finish this campaign in the top four of the table, and with it miss out on the Uefa Champions League, then his compensation would be capped at no more than one year’s pay.