Martínez paid €11.8 million in compensation after Everton sack
The Premier League side could have been forced to pay the new Belgium coach up to €14 million had the two sides not reached an agreement.
Roberto Martínez recently began his job in charge of the Belgian national team with a 0-2 loss to Spain after being sacked by Everton, a decision which reports say has made him a very rich man.
Martínez paid €11.8 million in compensation
The English club decided to sack Martínez, who was under contract until 2019, this summer after three years in charge following a poor campaign which saw the Toffees finish 11th in the Premier League table. As part of the settlement, Everton paid Martínez a one-off sum £10 million (€11.8 million) in compensation.
Everton negotiated a €2 million reduction
According to reports in the UK, club lawyers tried to reduce the sum through prolonged negotiations with Martínez’s legal team, who insisted that Everton pay the full £12 million (over €14 million) due to the manager over the three remaining years of his contract. Eventually, an agreement was reached that saw over €2 million knocked off the final sum.
Martínez’s sacking brought to an end 9 years of management in the English leagues. After spells in charge of Swansea City (2007-2009) and Wigan Athletic (2009-2013), Martínez took the Everton job in 2013 before ultimately being sacked for failing to secure European qualification.