The football club have tonight (Sunday 25th February) issued the following statement.

Peterborough United Football Club have parted company with manager Grant McCann.

McCann has been in charge at the ABAX Stadium since May 2016. David Oldfield has been put in caretaker charge of the team ahead of Tuesday night’s Sky Bet League One fixture with Walsall.

Chairman Darragh MacAnthony said: “I love Grant, he is a legend of this football club and always will be but it has not quite happened in management for him here and it was the right time to part ways. I thank him for all his efforts and wish him and his family the very best in the future.

Director of Football Barry Fry added: “Grant has worked morning, afternoon and night on behalf of the football club. There is such a thin line between success and failure. There have been many decisions that have gone against us this season and we would certainly be in a better position in the league had they gone in our favour.”

“His work ethic has been second to none and I would have absolutely no hesitation in recommending him for any job at any other club. I would like to thank Grant for his magnificent service to Peterborough United Football Club.”

The club will be making no further comment.