Outgoing Gregory hopes Crawley bring back the glory days
The 60-year-old has completely left his position as Reds manager after temporarily leaving the role at the end of the year.
Due to impending heart surgery, the former Aston Villa boss, recruited Dean Saunders to take on the side on an interim basis.
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Hide AdBut despite an upturn in results, Reds were relegated into League Two.
Gregory will not be returning after talks with the Crawley board this week and has admitted he did not get the results this season.
He said: “I would just like to take the opportunity to thank everyone at Crawley Town FC for their support over the last 18 months.
“Unfortunately I did not get the results on the field this season that I managed to get during the second half of 2013-14.
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Hide Ad“Dean Saunders inherited the difficult task of trying to rescue our season with 24 games to go in January of this year.
“I would like to thank the Board of Directors, in particular, for standing by me and supporting me during the very difficult time I endured whilst undergoing open heart surgery.
“It was brilliant to see the stadium full for the last match of the season. I hope that the Crawley Town fans stand by their team and help to bring back the glory days again very soon.”