Sam Allardyce quits at Crystal Palace, says he has 'no ambitions to take another job'

After intense speculation about his future on Tuesday it was finally confirmed that Allardyce had walked away from his position at Selhurst Park.

In a statement Allardyce spoke of how he didn't want to take another job, adding that he would 'miss management.'

His statement in full read:

"In some ways, this has been a very difficult decision to make but in others it has been a simple one.

"I will always be grateful to Crystal Palace and Steve Parish for giving me the opportunity to go out with my head held high having helped keep the Club in the Premier League.

"More than, they gave me a chance of rebuilding my reputation after what happened with England. I felt I needed another shot at being a Premier League manager and in helping to achieve something. As I said last weekend, Palace gave me the chance of rehabilitation.

"That’s why it’s hard walking away now. I think the club are heading in the right direction with a hugely supportive board of directors, a great squad of players and some of the most passionate fans I’ve ever met. It’s been a privilege to have worked here for the past five months.

"But there comes a time when you have to take stock of what direction you want your life to take - and that’s been the simple part for me.

"I want to be able to savour life while I’m still relatively young and when I’m still relatively healthy enough to do all the things I want to do, like travel, spend more time with my family and grandchildren without the huge pressure that comes with being a football manager.

"Steve Parish has been superb during our conversations today. I know it came as a shock to him that I would walk away but our discussions have been incredibly civilised with no recriminations and no fall-out.

"This is not about transfer targets, finances or anything along those lines. This is me taking the decision I believe is right for my family and myself. I would like to thank everybody for their messages of support since the news broke. I’ve no doubt I will miss management but I certainly have no regrets at this decision."

The former England manager, who took the job at Selhurst Park just five months ago after Alan Pardew was sacked, is said to have wanted assurances from chairman Steve Parish over their transfer policy in the future.

However, according various reports, the 62-year-old, who secured the Eagles' future in the top flight with a 4-0 win over Hull on May 14, did not receive backing he required and told the club he no longer wishes to continue as manager on Tuesday.

Palace were 17th, when Allardyce took over on December 23 and after a rocky start, that saw them win just one of his first nine Premier League games, the team was galvanised, winning seven of their last 13.

Palace winger Andros Townsend reacted with shock to he announcement.