Cork City have parted company with manager Damien Richardson after both parties reached an agreement that will see Richardson leave the Turner's Cross club.

Richardson had taken Cork to the High Court in order to prevent them sacking him after falling out with the new directors of the club.

However a financial package was agreed today and Richardson described himself satisfied with the settlement, but insisted that he was unhappy to be leaving the club.

Richardson enjoyed a relatively successful time at Cork, delivering the eircom Premier League title to Turner's Cross in 2005 and helping them lift the FAI Cup this season with a 1-0 victory over Longford Town.

With Bohemians on the hunt for a new manager after yesterday's sacking of Seán Connor, Richardson will inevitably be linked with the Gypsies, while Alan Mathews is believed to be in the frame to take over at Cork.