Following his departure as Barcelona coach, Ronald Koeman is expected to receive €12 million (£10.1 million).
Following Wednesday’s 1-0 loss to Rayo Vallecano, the Dutchman was relieved of his duties at Camp Nou, leaving the Catalan giants in ninth place in La Liga.
According to Sport, in order to become Barcelona’s next manager, Koeman himself paid the buy-out provision in his contract with the Netherlands.
The 58-year-old would, however, get the whole amount if his contract at Camp Nou was terminated before it expired next June, according to the rules of the arrangement.
As a result, Koeman will receive a €12 million (£10.1 million) payoff from Barcelona, along with his remaining salary.
Xavi has reportedly agreed to take over as Koeman’s successor at Camp Nou, with the Spaniard, who is now in charge of Al Sadd, likely to return to the club where he played from 2005 to 2015.
Xavi reveals Players he will sign upon becoming Barcelona Coach