Manchester United: Louis van Gaal confirmed as new manager with Ryan Giggs working as his assistant

Louis van Gaal has been named as the new Manchester United manager, with Ryan Giggs working as his assistant.

Van Gaal, 62, has signed a three-year contract to succeed David Moyes.

The Dutchman, who has won titles with Ajax, Barcelona, Bayern Munich and AZ Alkmaar, will take charge at Old Trafford after leading the Netherlands at this summer's World Cup in Brazil.

"This club has big ambitions; I too have big ambitions. Together I'm sure we will make history," said Van Gaal.

Giggs, 40, is yet to confirm whether he will continue his playing career while working alongside Van Gaal.

The Welshman, who took charge for the final four games of the season following Moyes's departure, met Van Gaal in the Netherlands last week to talk about his future.

"I am thrilled to have the chance to serve as assistant manager," he said.

"Manchester United has been a huge part of my life and I'm delighted to be able to continue that relationship in such a key role."

United finished seventh in the Premier League, after a title defence that featured one-sided defeats by Manchester City, Liverpool and Chelsea.

They have failed to qualify for the Champions League for the first time since 1995-96 and are out of European football entirely for the first time in 25 years.