Manchester United have appointed Ajax boss Erik ten Hag as their new manager, to replace interim Ralf Rangnick at the end of the season.
Sky Sports News reported on March 31 that Ten Hag was in pole position to land the job over Mauricio Pochettino, with sources close to the manager and Ajax revealing compensation is below £2m.
The 52-year-old has signed a three-year deal with the option of a further 12 months. He told United's website: "It is a great honour to be appointed manager of Manchester United and I am hugely excited by the challenge ahead.
"I know the history of this great club and the passion of the fans, and I am absolutely determined to develop a team capable of delivering the success they deserve.
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"It will be difficult to leave Ajax after these incredible years, and I can assure our fans of my complete commitment and focus on bringing this season to a successful conclusion before I move to Manchester United."
John Murtough, United's football director, added: "During the past four years at Ajax, Erik has proved himself to be one of the most exciting and successful coaches in Europe, renowned for his team's attractive, attacking football and commitment to youth.
"In our conversations with Erik leading up to this appointment, we were deeply impressed with his long-term vision for returning Manchester United to the level we want to be competing at, and his drive and determination to achieve that.
"We wish Erik the best of luck as he focuses on achieving a successful end to the season at Ajax and look forward to welcoming him to Manchester United this summer."