Iain Moody has resigned as Crystal Palace's sporting director after Sportsmail revealed that he exchanged a series of shocking text messages with then Cardiff City boss Malky Mackay.

Mackay and Moody have been reported to the FA and accused of being racist, sexist and homophobic after the alleged recovery of around 70,000 texts and 100,000 emails.

Palace announced Moody's decision via a statement, which read: 'In light of the events of yesterday, sporting director Iain Moody has tendered his resignation and it has been accepted with immediate effect.

'There will be no further comment from the club on this matter.'

After months of investigation, Sportsmail revealed the details of two letters sent to the FA outlining explicit and offensive texts.

These messages came to light after a dawn raid on Moody’s south London home in March this year, as part of Cardiff’s £750,000 investigation into eight controversial transfers.