Barcelona agree severance fee with Ronald Koeman

The Catalan giants have agreed on a financial settlement with their former manager.

FC Barcelona and Ronald Koeman’s lawyers have agreed on a €10 million settlement to end the Dutchman’s contract.

A poor start to the season led Barca to sack Koeman as their manager on October 28; one day after a 1-0 defeat to Rayo Vallecano left the Catalan club down in ninth-place in La Liga.

Now, almost a month later, the two parties have reached an agreement to formally end their relationship.

According to Diario Sport, Barcelona will pay Koeman a €10 million severance fee before the end of the year. It’s understood the board always showed a good predisposition to reach a settlement with the 58-year-old and his two assistants, Alfred Schreuder and Henrik Larsson.

What next for Barca?

Koeman has released no public statement about losing his job at Camp Nou or his future plans as of today.

Xavi Hernandez replaced the former Ajax and Valencia coach on November 6 and has since gone unbeaten in his first two games in charge, having defeated Espanyol on his debut before drawing 0-0 against Benfica.

Barcelona hope for a return to winning ways on Saturday away to Villarreal in La Liga.