In a short statement released via twitter the club said they would like to place on record its thanks for the hard work, honesty and integrity he brought to the role.
It's expected that Ryan Giggs will take charge for the rest of the season while Louis Van Gaal is said to be the clubs long term target to replace Moyes.
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It's reported that Chief executive Ed Woodward delivered news to Moyes face-to-face this morning after the Glazer family lost patience after dismal season that's seen them fall short of Champions league qualification.