MALKY Mackay is “very concerned about seriously inaccurate and misleading reports” in the media and has said he will fully cooperate with any Football Association investigation.

However, the League Managers’ Association have said text messages sent during Mackay’s employment at Cardiff were ‘regrettable’.

The LMA put out a statement on behalf of Mackay after it was confirmed that the FA were investigating a dossier sent to them by Cardiff reporting sexist, racist and homophobic comments by the former Bluebirds boss and the club’s head of recruitment Iain Moody, who yesterday resigned as Crystal Palace’s sporting director.

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The LMA said it wished to clarify the position in relation to recent reports and speculation regarding matters alleged to have arisen during Mackay’s time at Cardiff.

A statement read: “In the course of a search by the Club in early 2014 of 10,000 private text messages sent to and from another member of staff during Mr Mackay’s employment at Cardiff, in relation to other matters, it emerged that Malky had, it seems, sent a couple of one line texts that were, with the benefit of hindsight, very regrettable and disrespectful of other cultures.

“These were two text messages sent in private at a time Malky felt under great pressure and when he was letting off steam to a friend during some friendly text message banter.

“That said, Malky believes he could and should have conducted himself better on these two isolated occasions. The precise details need to remain private for the time being until any FA process is complete.”

Mackay was all set to be appointed Tony Pulis’ successor at Palace, until news of the FA investigation broke.

Caretaker boss Keith Millen admitted Moody’s departure could unsettle Palace still further, as the club seeks a replacement for Pulis, who walked out on the eve of the season after rowing with the board over transfers.

Palace’s managerial search is back to square one after the FA investigation ruled Mackay out of the running, with Chris Hughton now among the new contenders.