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Sam Allardyce is to take some time to reflect on the events of the past couple of days and is hopeful he can return to management in the future.
Allardyce's 67-day reign as England manager came to an end on Tuesday evening after meeting with the Football Association to discuss comments he made to undercover Daily Telegraph reporters.
The 61-year-old was caught on camera discussing how to get around the FA's rules regarding player transfers as well as mocking predecessor Roy Hodgson and he agreed that his comments had left his position 'untenable'.
He will now have a holiday before considering his future in the game.
"On reflection it was a silly thing to do but I helped out someone I have known for 30 years," Allardyce told reporters outside his home.
"It was an error in judgement on my behalf and I paid the consequences. Entrapment has won on this occasion and I have to accept that.
"The agreement was done very amicably with The FA and I apologise to those and all concerned in the unfortunate position I've put myself in.
"I have a confidentiality agreement and I can't answer any more questions. I am going to go away and reflect on it.
"I would like to wish Gareth (Southgate) and all of the England lads the best."
Asked if the job would be his last in football, he added: "Who knows. We'll wait and see."
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