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Published 17:57 22 May 2017 BST
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"I would like to thank Ellis Short and the board for giving me the opportunity to manage Sunderland and the fans for always being so passionately supportive of their club. "I wish the players and my successor well in their efforts towards promotion back to the Premier League."Moyes wasn't popular with the Sunderland fans, but he at least chose to not take compensation from the club.
Sunderland owner Short wished Moyes well for the future in his statement, and wrote:
"I pursued the services of David Moyes for a considerable period prior to his appointment last summer, which makes the announcement of his departure difficult for everyone concerned. "Having worked tirelessly throughout the campaign to avoid relegation from the Premier League, David has chosen to leave the club without compensation, which is testament to his character."Sunderland are now looking for their ninth manager in the last 10 years as they prepare for life in the Championship.
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