Laurent Blanc terminates PSG contract with staggering pay-off

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Laurent Blanc has reportedly parted company with Paris Saint-Germain, but has been handed a sizeable pay-off package as part of the deal.

The Frenchman won three Ligue 1 titles and secured three domestic trebles in the last two seasons as he enjoyed a generally successful stint in charge of the Parisian giants.

However, his continued failure in the Champions League was always going to be a red mark against his tenure, and his inability to guide the French champions beyond the quarter-finals of the competition has ultimately led to the club opting to make a change.

It remains to be seen who his successor is, but according to L’Equipe, the former Manchester United defender is set to receive a staggering  €22m compensation package after signing a two-year extension to his deal in February.

An official confirmation of the decision from PSG is expected on Friday, after the initial talk of the termination being agreed upon circulated on Wednesday.

It promises to be a summer of change in the French capital, as not only will the club now look to appoint a new coach in the coming weeks, but they will also have to plan for life without Zlatan Ibrahimovic.

The Swede will move on when his contract expires at the end of this month, and it so it is certainly a turning point and an intriguing situation in which PSG find themselves as they move on from the opening chapters of their success since their takeover, and look to put in place the building blocks for sustained success in the coming years.

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