David Moyes appointed as Manchester United manager

Jan Kruger

Just a tad over 24 hours after Alex Ferguson announced his retirement, Everton boss David Moyes has been confirmed as his successor. He will take up the post at the end of this season.

David Moyes has been snubbed for plenty of big job opportunities over the last decade while refusing to take lateral moves at clubs with more money to spend. In the end, his patience has paid off. The 50-year-old Everton manager has been named as the successor to Sir Alex Ferguson at Manchester United and will take over at Old Trafford after he finishes this season with his current club. He has agreed to a six-year deal with United.

Everton currently sit in sixth place, five points ahead of Merseyside rivals Liverpool, who they're likely to finish ahead of in the table after playing to a 0-0 draw in their local derby last weekend. Despite managing on a limited budget, Moyes has guided Everton to a finish in the top eight for the past seven consecutive seasons. He achieved a top four finish once, in the 2004-05 season, and has finished ahead of Liverpool in the table three times.

At United, Moyes will enter a completely different world, and not just because of the quality of players at his disposal, media pressure or expectations from fans and the board. For once, Moyes will have money to spend on quality players. Marouane Fellaini is the only truly big ticket purchase that he has made during his time with the Toffees, and that one worked out magnificently. The only other player who has ever cost Everton an eight-figure fee is Yakubu, who had a brilliant first season for the Toffees before injuries robbed him of his effectiveness.

Manchester United will not have to pay any compensation to Everton, as Moyes' contract is up at the end of the season and Everton had already confirmed that he was leaving the post. Because of Everton chairman Bill Kenwright's tight pockebook, his departure from the club was long rumored well before Ferguson announced his retirement.

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