Swansea City reach settlement agreement with Michael Laudrup

Swansea boss Michael Laudrup on the touchline during his team's Europa League group match against Valencia on September 19, 2013
Swansea City reach a settlement agreement with former manager Michael Laudrup following his dismissal in February.

Swansea City have announced that the club have reached a settlement agreement with former manager Michael Laudrup.

The Danish pro, who took charge of the South Wales club in 2012, was sacked from his position and replaced with Garry Monk in February.

After confirming the settlement news, Swansea said on their official website: "The club would like to thank Michael for his work over the 18-month period where he guided the club to ninth place in the Barclays Premier League and the Capital One Cup trophy.

"Everyone at Swansea City Football Club would like to wish Michael all the best for the future. Both parties will not be issuing any further comments on this matter."

Monk was handed a permanent three-year contract in May.

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