After months of speculation Manchester United have finally ​announced the sacking of Dutch manager Louis van Gaal after he spent just two years in charge at Old Trafford.

The Dutchman is set to receive a whopping £5m in a severance package, according to ​Telegraph reporter James Ducker.

Manchester United v Crystal Palace - The Emirates FA Cup Final

The news comes after Van Gaal guided his team to FA Cup success, an achievement in which he was also rewarded with a £400,000 bonus.

​​Former Chelsea manager Jose Mourinho is widely predicted to take over from Van Gaal, with an announcement expected in the coming days.

The £5m payout isn't quite as pretty as what Mourinho himself received when he was sacked from Chelsea in December, with the 'Special One' receiving £12m upon his dismissal from Stamford Bridge.

On the whole, despite a number of ​calamitous and ​hilarious moments from Man Utd's sacked manager, Van Gaal's tenure was tainted with fan frustration as a result of the Dutchman's conservative style of football.

Van Gaal spent £250m on players during his two-year spell, with the likes of Anthony Martial and Memphis Depay drafted in to bolster United's attack.

​However, The Red Devils managed to score just 49 league goals this season - their worst total since the formation of the Premier League in 1992.

This, as well as rumours about ​dressing room unrest, ultimately cost Van Gaal his job, meaning that the Dutchman will head home with an FA Cup trophy under his belt and a £5m payout. Not a bad turnaround considering the media 'sacked' Van Gaal months ago.

Manchester United v Chelsea - Premier League