"This is a unique position for David Gold and myself - it is the first time in nearly eight years at West Ham United that we have appointed a new manager during the season".
He has effectively been named as West Ham's interim manager after Slaven Bilic was dismissed on Monday morning, but the Scot takes over knowing that there is a strong possibility of being offered a two-year contract if he saves the club from relegation.
David Moyes' contract with West Ham has a break clause that will allow him to leave the club at the end of the current season, it has been claimed.
"This is a unique position for David Gold and myself - it is the first time in nearly eight years at West Ham United that we have appointed a new manager during the season. So I'm hungry to make sure I get things right now".More news: Carter Page Coordinated Russia Trip With Top Trump Campaign Officials
Arguably their biggest worry is that Moyes has signed on until the end of the 2018/2019 season. The defending for Liverpool's first goal on Saturday evening - from a West Ham corner - would not have looked out of place down the road on Hackney Marshes.
"I hope West Ham fans are going to see a team that is organised and disciplined", Moyes said.
"You were talking about his experience, that's what we need".
Moyes was announced as West Ham's new manager earlier today, in an appointment which has not gone down well at the London Stadium.More news: Laura Loomer Banned by Uber, Lyft After Anti-Muslim Tweets
"I would like to welcome David to West Ham United", he told the Hammers' official website.
"I think we've got a good squad".
Moyes' first game in charge will be away to Watford on the 19th November.
"Sadly, performances and results have not been of the expected standard", Gold and Sullivan said in a statement, "and, in recent weeks, we have not seen enough indication of the required improvement to give us the encouragement that things would change and we would meet our Premier League aspirations this season".More news: Mysterious void between two chambers in Great Pyramid of Giza discovered