David Moyes has quit his position as Manager of English club, Sunderland AFC, the club announced on Monday.
The 54-year-old former Manchester United and Everton Manager failed to keep the club in the Premier League; finishing bottom, and they will play in the Championship next season.
Moyes replaced Sam Allardyce in 2016 after the club had managed to stay up, but expressed concerns with the club’s inadequate transfer activity.
Early on in the season, the Scott man predicted Sunderland would struggle to stay up in the premier division.
In a statement on their website, the club said that, “David advised the chairman and chief executive of his decision to leave the club at a meeting in London this morning (Monday 22nd May 2017).”
In his address to the club, David Moyes 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”.
Speaking about the decision, chairman Ellis Short stated: “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.
“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.
Moyes signed Nigerian Striker, Victor Anichebe on a free as well as South African Steven Pienaar in a desperate bid to keep the debt ridden side afloat, but their efforts availed the Black Cats naught.