Former-Manchester United winger Keith Gillespie has claimed David Moyes was sacked because United's poor performances were beginning to impact the club commercially.
Writing on his Twitter account Gillespie said he felt the Glazers could not risk handing Moyes £200m to overhaul the United squad this summer with corporate gate receipts falling.
The poor on-field performances have affected big ticket sales, according to Gillespie, and the Glazers have acted now with a view to next season.
"I was never a supporter of Moyes, but I do feel sorry that the job caught him out to the extent it did. I wish him success for the future."
Gillespie, who was part of the famous FA Youth Cup winning side at Manchester United that included Ryan Giggs, Paul Scholes, David Beckham and Gary Neville, went on to say that the Old Trafford fans are the only party to come out of this episode with any credit.
"I think the Glazers couldn't risk £200m+ summer spend with Moyes in case he got it wrong," Gillespie added.
"Nobody comes out on the Moyes' episode well apart from the United fans who were magnificent throughout."
Speculation regarding Moyes's future mounted after the 2-0 defeat to his former club Everton on Sunday afternoon. And it reached fever pitch yesterday afternoon with several national newspapers reporting his sacking.
United waited until this morning to confirm his departure, with Ryan Giggs set to take over until the end of the season at least.