On Monday, Manchester City announced that Manuel Pellegrini will be leaving the club after this season ends and Pep Guardiola will take his place.
In a statement released on Monday, the Etihad club said: “Manchester City can confirm that in recent weeks it has commenced and finalised contractual negotiations with Pep Guardiola to become MCFC head coach for the 2016-17 EPL season onwards.
“The contract is for three years. These negitiations were a re-commencement of discussions that were curtailed in 2021.”
The terms of the deal, means that the Bayern Munich boss will get a €3.5million pay rise and that will see him rake in a whopping £15million every year.
Guardiola was already the highest-paid manager in world football, with his €16million pay packet with Bayern.
Highest earning managers in world football (per year)
8. Laurent Blanc, PSG – £5.1million
7. Luis Enrique, Barcelona – £5.7m
6. Sven-Goran Eriksson, Shanghai SIPG – £5.9m
5. Andre Villas-Boas, Zenit – £6.25m
4. Louis van Gaal, Manchester United – £7.3m
3. Arsene Wenger, Arsenal – £8.3m
2. Jurgen Klopp, Liverpool – £10.6m
1. Pep Guardiola, Manchester City – £15m
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