Gary Brabin has agreed compensation with Cambridge United to bring to an end his reign as U's manager.

Brabin was relieved of his duties as manager on Monday, and in an 'amicable' conversation with Chairman George Rolls today he agreed compensation for the remainder of his contract.

"There have been reports of Gary calling in his lawyers but I can say that after a very amicable telephone conversation today we have sorted out the matter of compensation," Rolls told cambridgeunited.com.

"We both agreed that we just can't work together, but we've thanked each other and wished each other well. He thanked me for giving him his chance and I thanked him for what he's done here."

With the rumour mills running strongly, Rolls confirmed that the club will endeavour to keep supporters updated with the facts here on the club website, which included the rebuttal of a rumour that transfer requests had been received from players.

"I can confirm that none of the players have spoken to me about transfers," he stated.

"While we're dealing with rumours and speculation, I can also confirm that we will not be approaching any manager who is currently employed at a football club and we will act in the right manner, as Blackpool did when they approached us for permission to speak to Gary.

"I also think it's wrong of managers in jobs to apply for our job; we wouldn't want our manager speaking to other clubs behind our backs and we would never do that to another club.

"The board has not gone through a process of shortlisting anyone and we are sifting through all the applications we have received, which is now approaching 90 applicants," he added, "but a key part of that process is sorting out the future of Paul Carden.

"We have had some informal discussions with some candidates but until we know Paul's situation we won't go any further."

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