Bayern and Burnley chairman Alan Pace had talks last week over a compensation sum with the intention of finalising Vincent Kompany’s transfer as soon as possible.
And now that the former captain of Manchester City has signed a contract that runs until 2027, the German powerhouses have reached that goal with him leading them.
‘Vincent Kompany is the new head coach of FC Bayern, putting pen to paper on a deal until 2027,’ Bayern Munich shared the news to their social media page on Wednesday.
According to Burnley in a statement: ‘
‘We can confirm that Burnley FC has come to an agreement that will allow Vincent Kompany to leave Turf Moor.
‘Whilst we were initially confident in retaining our manager, the changing dynamics of the situation made this impossible.
We understand the allure and prestige of a club like Bayern Munich and respect Vincent’s ambition to explore new opportunities.
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‘We wish only the best for Vincent and would like to put on record our appreciation for his dedication every single day he was a part of this football club.
Our priority remains the stability and success of Burnley FC, and we will continue to take the necessary steps to ensure that our ambition is realised – namely our return to the Premier League.
‘We have started the search for a new manager and will make an announcement in due course.’
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