"This is football and these things happen… I had a good four years at the club," Larsen starts off.
"My decision had nothing to do with the Sundowns result. In fact, I was asked by management to reconsider this morning. I was not pushed.
"The management has always been supportive and I felt that I had to take the decision for the best interests of the club.
"I feel it is the right time for the club to bring in someone new to take the club forward. Celtic will be fine without me. I’m just another coach," Larsen insists.
"I had actually been thinking about it for the last two months and I feel now it is the right time. The fans and management were great, and I will miss that," he continues.
The 42-year-old is confident that Phunya Sele Sele will do well this season despite a rather shaky start, which sees them in 11th spot on the log after six League matches and smarting from first round exits in the MTN8 and Telkom Knockout respectively.
"The club will be fine. Against University of Pretoria, we were the better team and we lost. We beat Polokwane City away, got a draw away at Black Aces and against Kaizer Chiefs [when the two sides drew 0-0], we showed what we are capable of. There are positives," Larsen adds.