David Moyes spent five hours at Manchester United's training ground after being sacked today as talks over his potential £10million pay-off stalled.



Following 10 disastrous months in charge the 50-year-old, who was hand-picked for the job by Sir Alex Ferguson, was axed by the club’s American owners, who have installed Ryan Giggs as interim boss.

At 5am this morning Moyes was driven to United's Carrington training ground so he could clear his desk and chief executive Ed Woodward arrived at 8am to inform of the decision him face-to-face.

But the Scot did not leave until around 1pm, apparently smuggled out in secret, and sources at club have said his severance package is still not agreed.



Manchester United's shares spiked on the New York Stock Exchange when it opened today, reaching $18 each for the first time since Sir Alex Ferguson quit last year.

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Exit: Manager David Moyes, pictured with his wife Pamela, has been sacked as Manchester United manager this morning

Message: Unites tweeted the news of his sacking after 24 hours of intense speculation that Moyes would lose his job

Arrival: Ryan Giggs, who will take temporary charge until the end of the season, arrives at Carrington on Tuesday morning Writing on the wall: A grim reaper stands behind Manchester United manager David Moyes during Sunday's game at Everton - his final match in charge Net result: United shares on the New York Stock Exchange spiked today when news of Moyes departure was confirmed by the club MailOnline revealed yesterday that Moyes would be sacked, and the Scot is understood to have been hurt and angry after learning of his fate online. His sacking came exactly a year after United won the Premier League title, and Moyes now holds the record for being the club's shortest serving permanent manager since 1927. RELATED ARTICLES Previous

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Next MARTIN SAMUEL: Manchester United could have had Jose... David Moyes: The very best internet virals of the sacked... Share this article Share The final straw was Sunday's 2-0 defeat at his former club Everton, which left the title-holders 7th in the league and 13 points off the Champions League places. ARE UNITED'S HUGE DEBTS THE REASON FOR MOYES' SACKING?

Manchester United's mountainous debt pile and wage bill meant its owners would not give him the same time as Sir Alex Ferguson to succeed, it was claimed today.

The costly failure to qualify for the Champions League and potential longer-term impact on the value of sponsorship deals added to pressure on a business that has recorded growing pre-tax losses for the last two years.

Manchester United is labouring under the weight of vast debts, which were reported as £389.2 million in June, and which cost the club £70.8 million to service over the course of the financial year. Meanwhile wages were up 12% to £180.5 million.

Pre-tax losses were £8.8 million, up from £4.7 million in the year ended June 2012. The club reported a pre-tax profit of £12 million the year before that.

Analyst Louise Cooper said under Moyes, all the main revenue streams had been put under pressure by the failure of the team to make an impact on the pitch.

'The debt levels are so large, the Glazers cannot afford to let him stay. And the staff costs are also so large that he had to go.

'It took Sir Alex Ferguson some years as manager to achieve the performance that he later become famous for. But the financial position of Manchester United is different now. The Glazers bought the club to make money, even if it is a trophy asset.

'The financials ensured that Moyes was not given the time to perform.' United will end the season with their lowest points total in Premier League history, they have not qualified for the Champions League for the first time in almost two decades and their home record this season is the worst since 1978.

In a short statement the club said: 'Manchester United has announced 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'.

Ryan Giggs will take over as interim manager for the rest of the season, and he drove into Carrington as his former manager's departure was confirmed.

Moyes was on £5million a year, including bonuses, with another five years left to run on his contract. His payout could be as high as £10million.

Manchester United will also make a fresh attempt to bring Paul Scholes back in to the Old Trafford fold, MailOnline can reveal.



Sir Alex Ferguson is now expected to have little or no say in who will be the next manager.



The 72-year-old former United boss, who won 38 trophies in 26 seasons at Old Trafford, was effectively handed full authority to choose his successor after announcing his own retirement last season.



The United hierarchy’s explanation for allowing Ferguson to effectively select his successor was that it made sense to trust the judgement of someone with so much success and who was still on the payroll as a £2million-a-year ambassador.

But after Moyes' failure they are unlikely to allow Sir Alex the final decision.

Saying goodbye: United's owners, the Glazer family, lost patience with Moyes after a string of bad results Captain: Wayne Rooney arrives for training today after the sacking of United's shortest-serving manager since 1927

Stars: Rio Ferdinand, summer flop Marouane Fellaini, Michael Carrick and Javier Hernandez (top left to bottom right) arrive at Carrington after Moyes' exit

UNITED IN CRISIS: THE RESULTS IN 2014 THAT COST MOYES HIS JOB

January 5, 2014

Man Utd 1-2 Swansea

United are dumped out of the FA Cup in the third round by Swansea, who had never won at Old Trafford before.



January 7, 2014

Sunderland 2-1 Man Utd

A miserable week was completed by Sunderland who won the first leg of the League Cup semi final. They would go on to win the tie on penalties.



January 19, 2014

Chelsea 3-1 Man Utd

Samuel Eto’o scored a hat-trick at Stamford Bridge, a result that left United 14 points behind league leaders Arsenal.



February 25, 2014

Olympiacos 2-0 Man Utd

A dire display in Greece meant United had it all to do in their Champions League Last 16 second leg, but they prevailed thanks to a 3-0 home win.



March 16, 2014

Man Utd 0-3 Liverpool

The first of two crushing defeats to their fiercest rivals. Liverpool dominated at Old Trafford and the scoreline could have been far worse for Moyes.



March 25, 2014

Man Utd 0-3 Man City

Just nine days after a humiliating defeat to Liverpool, United caved again with their city rivals far superior in every department.

April 20, 2014

Everton 2-0 Man Utd

The final straw. Everton were in complete control as Moyes endured a miserable return to Goodison Park.


He was handpicked for the job by his predecessor, Alex Ferguson, whose success made United one of the biggest brands in world sport and secured a stock market listing in New York.

But that status has been put at threat by atrocious results under Moyes and social networking sites were quickly ablaze with rumours of his likely departure yesterday.

No official comment was made on the situation yesterday, leaving shocked fans and investors in the dark.



The club’s share price dipped by 1.2 per cent.

It is possible that an official statement was delayed because stock market rules strictly govern announcements that can affect share prices.

Reacting to developments, United fan and broadcaster Eamonn Holmes said on Twitter: ‘I’m sure David Moyes is a nice man, but he just didn’t understand our team and our players didn’t understand him. This is the right thing.’

Writer Toby Young joked: ‘Maybe David Moyes can get a job with Ukip. He’s proved himself very good at staying out of Europe.’

And broadcaster Jeremy Vine added: ‘Please Manchester United, in the name of good sense and decency, do not sack David Moyes. Signed fans of Chelsea, ManCity and Liverpool.’



Rare support came from tycoon Lord Sugar who said: ‘He needs another season.’

It is thought Moyes was called in for talks with chief executive Ed Woodward and the Glazers, the US family that controls the club.

Rumours of player unhappiness with Moyes' tactics and training methods persisted throughout his reign, although the Scot always denied there were any problems.



In December, Rio Ferdinand questioned Moyes' policy of naming his starting XI on the day of the game, claiming it turned him into a "madman" wondering whether he was to be selected.



Shortly after United's embarrassing 2-0 defeat at Olympiacos, Robin van Persie complained about his team-mates running into his space on the pitch.



The shock news that Danny Welbeck, an academy graduate born in Manchester, wanted to leave the club, did not go down well with the United hierarchy.



Moyes also oversaw the exit of highly-respected club captain Nemanja Vidic, who will leave for Inter Milan in the summer.



Another senior figure and dressing room stalwart Patrice Evra may follow the Serbian out the door when his contract expires.

Change: After broadly supporting him despite the poor results, last month a group of United fans turned on Moyes and paid for this banner to be flown over Old Trafford during a match

Fans dubbed Moyes 'The Chosen One' as Sir Alex implored them to get behind him, citing his excellent record

Despite being hand-picked by his predecessor, Moyes has been marred by atrocious results this season

Last night, the share price for Manchester United dipped by 1.2 per cent as his future hung precariously

Speculation that Sir Alex could return to the helm is believed to be misplaced, with Dutchman Louis van Gaal an early favourite.



The son of a football scout and pattern maker, Moyes grew up in the working-class Thornwood district of Glasgow.

Moyes, 50, and Pamela live in a secluded house in Lancashire with their son David Jnr and daughter Lauren

After playing football in the lower leagues, he started his managerial career at unfashionable Preston, on a salary of about £50,000 a year.

He had broad success in 11 seasons at top-flight Everton before signing for United last May and starting work on July 1.

Because of his backing from Sir Alex, fans dubbed Moyes ‘The Chosen One’ but disillusion soon set in on the Old Trafford terraces.

An alarming decline has seen United collapse from champions to seventh in the Premier League table. They will end the season with their lowest points total since the Premier League was established in 1992.

Moyes, who is a practising Christian and Labour Party supporter, may be able to keep his United salary until he finds a new position.

It is possible however that the club has written an under-performance clause into his contract that would allow for a quick pay-off.

The length of Moyes’s contract was approved by Sir Alex who, having suffered a torrid start at United himself, wanted his successor to have extended job security.

Moyes and his wife Pamela live in a secluded house in Lancashire with their son David Jnr, who is a football agent, and daughter Lauren, who has been in the spotlight after falsely being accused of having an affair with a United player.

Moyes’s father and his mother-in-law also live in the grounds of the family home.

Moyes has told how he was out shopping with his wife when Sir Alex called to offer him his job.

He said: ‘I had my jeans on and my T-shirt. I had to drop my wife at the shopping centre and I’m saying to myself I’d never ever go to a meeting with Sir Alex with a pair of jeans on.’

Moyes and his wife met at a Scottish hotel two decades ago.