England manager Sam Allardyce resigns after undercover investigation - full statement
Allardyce leaves after one match and 67 days in charge
England manager Sam Allardyce has resigned with immediate effect after he was filmed appearing to advise businessmen on how to sidestep an outlawed player transfer practice, as part of a newspaper investigation.
In an undercover operation by the Daily Telegraph, Allardyce met people who he thought were representatives of a Far East firm following his appointment to one of English football's most coveted roles.
He was captured appearing to tell reporters that it was "not a problem" getting around FA rules that stop third parties "owning" football players' economic rights.
The controversial practice was banned by the FA - Allardyce's employers - in 2008 over concerns it compromised the integrity of the game, as the third party could profit whenever a player was sold.
An emergency meeting was held with FA chairman Greg Clarke and chief executive Martin Glenn with Allardyce at Wembley Stadium today.
The FA and Allardyce "mutually agreed" to terminate his contract with immediate effect.
Allardyce 'deeply disappointed at outcome of events'
In a statement Sam Allardyce said: "Further to recent events, the FA and I have mutually agreed to part company.
"It was a great honour for me to be appointed back in July and I am deeply disappointed at this outcome.
"This afternoon, I met with Greg Clarke and Martin Glenn and offered a sincere and wholehearted apology for my actions.
"Although it was made clear during the recorded conversations that any proposed arrangements would need the FA’s full approval, I recognise I made some comments which have caused embarrassment.
"As part of today’s meeting, I was asked to clarify what I said and the context in which the conversations took place. I have co-operated fully in this regard.
"I also regret my comments with regard to other individuals."
FA and Allardyce 'mutually agree' to terminate contract
In a statement the FA said: "Allardyce's conduct, as reported today, was inappropriate of the England manager. He accepts he made a significant error of judgement and has apologised. However, due to the serious nature of his actions, The FA and Allardyce have mutually agreed to terminate his contract with immediate effect.
"This is not a decision that was taken lightly but The FA's priority is to protect the wider interests of the game and maintain the highest standards of conduct in football. The manager of the England men's senior team is a position which must demonstrate strong leadership and show respect for the integrity of the game at all times.
"Gareth Southgate will take charge of the men's senior team for the next four matches against Malta, Slovenia, Scotland and Spain whilst The FA begins its search for the new England manager.
"The FA wishes Sam well in the future."
Allardyce was filmed on a hidden camera when asked about the rules,saying: "It's not a problem."
He added an unnamed group had been "doing it for years" and "you can still get around it", suggesting they employ the player's agents to compensate for the fact they are no longer allowed to profit from each transfer directly.
He added: "You get a percentage of the player's agent's fee that the agent pays to you, the company, because he's done that new deal at the club again or they sell him on, and you're not getting a part of the transfer fee any more, because you can't do that.
"But, you get - because of the size of the contracts now, the contract will be worth thirty, forty million, at 10% and you've done a deal with the agent where you're getting 5% of the agent's fee, which is massive for doing about two hours' work."
It is alleged by the paper that a deal was struck with the England manager worth £400,000.