"I am totally upset. It has been a difficult time. Had we won on Monday we wouldn’t be having this conversation. I’ve been away on my holidays and it hasn’t been pleasant for me over there. It has been extremely disappointing.
"I spoke to Peter a couple of times while I was away, I’ve come back and I’ve seen the reaction on my desk and Peter’s had his own reaction to him. I met him this morning and we spoke and decided it is in the best interests of everyone that we mutually part ways.
"What I would like to say about my relationship with Peter Reid is that from day one it has been 110% honesty both ways and I would like to wish him every success for the future."
You can hear Mike McGinnity's interview on the Bob Brolley show on Radio WM here http://www.bbc.co.uk/coventry/content/articles/2005/01/06/coventry_city_reid_leaves_feature.shtml