Manchester United have confirmed the exit of manager David Moyes after a disastrous season for the club, with Ryan Giggs seemingly set to take the reigns on a temporary basis until the end of the season.
Speculation concerning the future of the Scot had been circulating all weekend, with multiple reports suggesting that he would be sacked within the coming weeks as the club's owners finally lose patience with what has been a truly abysmal campaign for last season's Premier League champions.
On Monday morning, an official club statement on Manchester United's official website read: "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."
While such a brief announcement does not seem to confirm whether Moyes had been sacked or indeed if the two parties had reached an agreement in rather more amicable fashion, media speculation - which also suggests that Manchester United legend Giggs is set to take on the role until a proper replacement can be found - does appear to suggest that is the case.
Moyes only arrived at Old Trafford last summer, replacing celebrated compatriot Sir Alex Ferguson following his retirement after an immensely-successful 27-year reign.
Moyes - who built up a very strong reputation in the top-flight after repeatedly keeping Everton in the race for European football despite operating on a shoestring budget - lasted just 295 days in the role, leaving Manchester United languishing seventh in the Premier League table.
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