MORTON have reached a compensation agreement with Falkirk over the departure of former boss Ray McKinnon.

Chairman Crawford Rae says he is 'pleased' the club has agreed a settlement, putting to an end the dispute.

The figure has not been disclosed, but Morton originally said they were looking for 'six figures' to release McKinnon from his Cappielow contract.

A club spokesperson said: "Whilst the agreement reached with Falkirk is confidential Mr Rae is pleased to report that he is satisfied with the outcome and that the two clubs can now move forward on suitably cordial terms, for the remainder of the season and beyond.

"The resolution was made possible by the late involvement from Falkirk director Lex Miller, who had an overwhelming desire to reach an amicable settlement for both parties and deserves much credit in getting both clubs around the table."

All matters between the two clubs that are before the SPFL and SFA are now at a conclusion.

The spokesperson added: "Mr Rae would encourage all at the club to focus on the remaining fixtures and support the club’s Manager Jonatan Johansson and squad to achieve as high a finish as possible."

A statement released by Falkirk said: "The club confirms it has reached agreement with Greenock Morton FC to bring to an end the dispute with regard to our current management team of Ray McKinnon, Darren Taylor and Graeme Henderson. 

"We now look forward to moving on and working together with our colleagues in Greenock to re-build the strong relationship between both clubs.

"We wish to take this opportunity to publicly thank the Falkirk fans who have been exceptional in their backing of the club and our management team to date and we ask that this continues as we enter a vitally important final stage of the season."