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Daryl McMahon leaves Macclesfield with the club 22nd in League Two

Daryl McMahon has resigned as manager of financially-troubled Macclesfield Town, the club have confirmed.

The Silkmen are 22nd in League Two after a six-point penalty for non-payment of wages and failing to fulfil a fixture against Crewe on 7 December.

McMahon, 36, succeeded Sol Campbell as boss in August, however he leaves along with assistant Steve Gritt.

"We're taking advice from our legal team and will provide a further update," a club statement said. external-link

The club's financial problems have overshadowed his tenure at Moss Rose - McMahon's first managerial role in the English Football League.

A further League Two fixture against Plymouth, scheduled for 21 December, was postponed after the club were served with a "zero-capacity notice".

Macclesfield owner Amar Alkadhi said last month that he was in "advanced negotiations with various third parties" over a possible takeover.