The 62-year-old, who was previously in charge of
Allardyce took over at Palace from Alan Pardew in December on a two-and-a-half year deal, and led the Eagles to eight wins in 21 games. They finished 14th in the league.
“In some ways, this has been a very difficult decision to make, but in others, it has been a simple one,” Allardyce said in a statement following talks with club chairman Steve Parish.
“I will always be grateful to
“More than that, they gave me a chance of rebuilding my reputation after what happened with
Allardyce lost his job as
But it ended as a fiasco following ill-advised remarks to undercover journalists.
Allardyce gave advice on how to circumnavigate transfer rules, criticised the FA’s decision to rebuild Wembley and mocked his
Allardyce said his reason to depart Palace had been principally to spend more time with his family.
“It’s been a privilege to have worked for them for the past five months. But there comes a time when you have to take stock of what direction you want your life to take – and that’s been the simple part for me,” he said.
“I want to be able to savour life while I’m still relatively young, and when I’m still relatively healthy, even if I’m beginning to feel all my 62 years.
“While I’ve got the energy, I want to travel and also spend more time with my family and grandchildren without the huge pressure that comes with being a football manager. I owe that to my wife and family.
“This is the right time for me, I know that in my heart. I have no ambitions to take another job, I simply want to be able to enjoy all the things you cannot really enjoy with the 24/7 demands of managing any football club, let alone one in the Premier League.”
Allardyce added: “Steve Parish has been superb during our conversations today. I know it came as a shock to him that I would walk away, but our discussions have been incredibly civilised, with no recriminations and no fall-out.
“This is not about transfer targets, club finances or anything along those lines. This is me taking the decision I believe is right for my family and myself.
“I would like to thank everybody for their messages of support since the news broke. I’ve no doubt I will miss management, but I certainly have no regrets at this decision.”