Gary Neville has been appointed as manager of La Liga side Valencia until the end of the season.
Sky Sports have also announced that Neville leaves them with ‘immediate effect’.
Gutted! This reminds me of when Pegguy Arphexad left for Coventry. https://t.co/M535r7L2qo
— Jamie Carragher (@Carra23) December 2, 2015
Valencia are owned by Peter Lim, billionaire who, along with five former Manchester United millionaires, owns Salford City. He is already a business partner of Neville.
Neville’s brother Phil was placed in a joint-coach capacity after the resignation of Nuno Espirito Santo at the weekend.
He will officially take charge of the first team on Sunday 6 December ahead of the UEFA Champions League match against Lyon at Mestalla on Wednesday 9 December.
Valencia CF President Layhoon Chan said: “We are delighted to have secured Gary so quickly: “He combines top level coaching experience through his role as a senior coach with the England national team and a world-class playing career with England and Manchester United”.
“Throughout his career Gary has always shown great leadership both on and off the pitch. He is hugely respected in English football and it was his personal qualities which persuaded us that he was the right choice to lead Valencia until the end of the season.”
“I am absolutely thrilled to be given this opportunity with Valencia,” Neville said. “Valencia are a huge football club of immense standing and I know from my time as a player the passion and dedication of the Valencia fans. I am really looking forward to working with the club’s talented group of players and am excited about the challenge ahead.”
A press conference with Layhoon Chan and Gary Neville will be held on Thursday afternoon, 4 p.m. at Mestalla Stadium.
Neville will remain part of the England coaching set-up, with Roy Hodgson telling the FA:
“I’m delighted that Gary has decided to take this excellent opportunity. It’s the right moment in time for him and I’m 100 per cent behind his decision to join Valencia as the new head coach.
“As far as I’m concerned, this will be an extra string to his bow and the experience he will gain working in the Spanish league can only be beneficial to our work together with the England team.
“Gary’s commitment to The FA’s preparations for Euro 2016 will not be in any way affected by the fact that he will be coaching abroad during the next five months.
“As someone who has spent a large part of my coaching career working abroad, I salute his decision and hope he gains as much from his time in Spain as I have done from the various countries which I have worked.
“Like the rest of the England coaching staff, Gary will be fully committed to preparing for the Euros in France and our friendly matches which begin in March against Germany and Holland.
“I wish him and his brother Phil the very best of luck as they prepare for their first match versus Lyon in the Champions League.”
Neville takes charge of Valencia from Sunday, will be with England at Euros. Brother Phil to stay on coaching staff. https://t.co/AxFaSrPnK7
— Dan Roan (@danroan) December 2, 2015