Malky Mackay says he was never asked to step down as Cardiff City manager following club owner Vincent Tan's decision to axe head of recruitment Iain Moody. "Under no circumstances was I asked to resign and at no time have I thought of resigning from the club," Mackay said.
Mackay added: "I've read various things in the last couple of weeks and I just need to clarify this, that we absolutely are under budget this summer.
"I'm really sorry for the fans and what they've been through over the last couple of weeks.
"It's been a difficult time for them where their club has been in the spotlight for non-footballing matters, so I absolutely feel where they're coming from.
"Obviously it's as a result of Iain Moody leaving the club and Iain is someone who is absolutely a class act, as far as I'm concerned.
"He was very impressive in the job that he's done for the football club and... he's had a huge part to play in the restructuring of my squad.
"He brought in over 20-odd players, so he's got a huge part to play in the recent success.
"He's someone that everyone here... that works for the football club will sadly be missed by them and he leaves with my utmost gratitude and respect.
"I think our loss will be someone's huge gain in football."
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