Simon Grayson 'disappointed' after being sacked from Sunderland

Simon Grayson has expressed his disappointment at losing his job as Sunderland manager.

The 47-year-old left the club just minutes after Tuesday night's 3-3 home draw with Bolton, which left the Black Cats two places and two points off the foot of the table.

In a statement released through the League Managers' Association, Grayson said:

"I would like to take this opportunity to express my thanks to the club and all the fans, players and staff at the training ground and the Stadium of Light.

"Sunderland are a huge football club and while I am very disappointed not to be continuing as their manager, I hope the club will stabilise and return the success and first-class football that the supporters and people of Sunderland deserve.<

"I would like to wish everyone associated with Sunderland all the very best for the future."<

Billy McKinlay, a member of Grayson's backroom staff, and first-team coach Robbie Stockdale have been placed in caretaker charge for Sunday's derby trip to Middlesbrough.

Aitor Karanka, Peter Reid, Kevin Phillips and Ally McCoist are among the bookmakers' favourites to replace the former Preston boss.