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Alan Pardew commented outside the court: "I am delighted that the situation has been resolved without the need to involve the court and I am very excited to be confirmed as the new manager of West Ham United.
"Being a Londoner I am well aware of the tremendous stature and history of the Club and understand the need to play the style of football the supporters expect.
"I know how passionate they are about the Club and I can't wait to take over from Trevor and continue the job in hand of getting the Club back into the Premiership as soon as possible where it belongs."
Managing Director Paul Aldridge says: "I am delighted that we have secured the services of Alan, he was always our number one target, although it is unfortunate that his departure from Reading has caused so much acrimony.
"I am however, pleased that common sense has prevailed and the matter has now been resolved.
"The Board would like to acknowledge the tremendous job Trevor has done during this difficult period and know that he will ensure a smooth handover next month."