Former Crystal Palace midfielder Shaun Derry has been named new manager of Cambridge United.

League Two club Cambridge have appointed former Notts County manager Derry as their new boss.

The 37-year-old had been available since his sacking by the Magpies in March, when the club were one place above the League One relegation zone.

Former Crystal Palace and QPR midfielder Derry replaces Richard Money at a side currently 18th in the fourth tier and has signed a deal until 2018.