Manchester City will pay Roberto Mancini an initial figure of $7.5 million (N1.2 billion) for sacking him as coach of the club, Goal.com has reported.
Mancini was sacked by the Premier League team on Monday after the club management said “the Club has failed to achieve any of its stated targets this year, with the exception of qualification for next season’s UEFA Champions League.”
The Italian coach had four years remaining on his contract but the pay-off will be limited to 12 months’ salary should he get another job immediately.
The former Inter Milan coach is set to receive an initial sum of £7.5 million, which will be topped up for every month that he is out of work. He helped Manchester City win their first Premier League title last season but failed to win a trophy this season.
City lost 1-0 in the FA Cup final to relegation threatened Wigan Athletic on Saturday, but have already secured automatic qualification for next season’s Champions League as their second spot in the Premier League table is already assured.
Several other assistant and junior team coaches are also expected to be relieved of their duties in what is expected to be a major re-organisation at the Manchester side.
Mancini is already reportedly a target for French club, Monaco, as well as Italian club, Napoli.City are yet to announce a permanent replacement for the 48-year-old although Malaga coach, Manuel Pellegrini, is highly tipped as the Italian’s successor.
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