Schalke 04 was relegated to the second division of the German League. Now it appears more payments to former coach Domenico Tedesco are due. According to a media report, this is a special contractual clause.
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Relegated Schalke 04 will have to pay more severance payments to former coach Domenico Tedesco as per the termination agreement. Half a million euros was due to be paid on July 5th.
Since the football teacher has not yet found a new employer after the end of his involvement with Spartak Moscow, another €500,000 is due to be provided on July 15. The newspaper “Sport Bild” reported and quoted the termination agreement.
So this was set out in the agreement between the Royal Blues and the coach on October 14, 2019. “If the coach is not employed by a (different) football club as coach on July 1, 2021, Schalke will pay the coach in addition to the guaranteed severance payment (…) a bonus End of additional service of a total value of €500,000, payable by 15 July at the latest .2021”, reads the paragraph.
If Tedesco is still out of business on May 1, 2022, another half million are due. This would add the total compensation for the former Schalke 04 coach to 2.5 million euros. The other tranches were due on January 5, 2020, July 5, 2020, and July 5, 2021. Tedesco was a coach at Schalke FC from July 1, 2017 to March 14, 2019.