Sam Allardyce given over £1m pay-out after resigning as England manager following undercover investigation

Allardyce, who was on a £3m annual contract, resigned as England manager on Tuesday night

Sam Allardyce agreed a seven-figure pay-out fee with the FA after resigning as England manager (Getty)

Sam Allardyce left his role as England manager after 67 days in the job with a seven-figure pay-out after receiving more than £1m following his resignation.

Allardyce mutually agreed to leave the England set-up after an undercover investigation by The Telegraph captured him negotiating lucrative speaking engagements in the Far East worth £400,000 and advising supposed investors in how to get around Football Association rules on third-party ownership.

However, the Daily Mail has revealed that Allardyce walked away from his £3m-a-year contract with a seven-figure pay-out after negotiating a severance agreement with the Football Association, which the manager confirmed on Wednesday morning contains a confidentiality clause.

“It was an error in judgement and I paid the consequences. Entrapment has won on this occasion and I have to accept that. The agreement was done very amicably with the FA and I apologise to those and all concerned in the unfortunate position I've put myself in.

“I have a confidentiality agreement and I can't answer any more questions. I am going to go and reflect on it. I would like to wish Gareth [Southgate, England caretaker manager] and all of the England lads the best.”

The Independent has contacted The Telegraph for a response to Allardyce’s claims.

It was reported early on Wednesday morning that Allardyce is already willing to get back into football management, with a Premier League job likely to be his target upon any return. However, when pushed further by reporters outside his home in Bolton, Allardyce responded “who knows”.

Allardyce held intense talks with FA chairman Greg Clarke and chief executive Martin Glenn, with the decision taken from both parties that it was best if Allardyce left despite being in the job for little over two months. Both Glenn and FA technical director, Dan Ashworth, were believed to be reluctant to see Allardyce go after being involved in the process of hiring him as Roy Hodgson’s successor, but the embarrassing episode left Clarke – who replaced Greg Dyke last month – with little choice but to stress Allardyce’s departure.

The former Bolton Wanderers, West Ham and Sunderland manager has revealed he is leaving the country today to take a break and reflect on his departure, before targeting a return to football.