David Moyes quits as Sunderland manager and leaves the Black Cats without a penny of compensation

DAVID MOYES has quit as Sunderland boss - and has left the club without compensation.

The Scot met with owner Ellis Short and chief executive Martin Bain in London this morning.

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And Moyes, who had three years left on his four-year deal, told them he had no desire to carry on and manage the Black Cats in the Championship.

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He 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”.

Supremo Short added:  “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.

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“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.”

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Moyes’ reign at the Stadium of Light ended with a 5-1 thumping at champions Chelsea on Sunday.

He guided the club to just six victories this season as they finished bottom of the league.