Read Sam Allardyce's full statement on Crystal Palace exit: 'I have no ambitions to take another job'

Sam Allardyce released a lengthy statement on Tuesday night as the 62-year-old confirmed his surprise departure from Crystal Palace to spend more time with his family.

Allardyce brought to an end a five-month stint in charge of the Eagles on Tuesday, during which time he led the club from just above the relegation zone to Premier League safety.

Despite signing a two-and-a-half-year contract last December following the sacking of Alan Pardew and ensuring Palace's survival this season, Allardyce admitted he wants to "savour life" and then suggested he could retire from management altogether.

He said: "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.

"This is the right time for me. I have no ambitions to take another job, I simply want to be able to enjoy all the things you cannot really enjoy with the 24/7 demands of managing any football club, let alone one in the Premier League.

"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."