Tuesday, March 22, 2011

Performance Fee: Magath will receive two million euros from Schalke

His time at Schalke should Felix Magath at least financially remember well: According to the "Sueddeutsche Zeitung" him to the Football League team FC Schalke 04 the departure of two million euros have sweetened. Those words are not a settlement, but a performance bonus for reaching the quarter-finals in the Champions League and for representation in DFB Cup Final, the newspaper reported, citing a reliable informant.

Schalke 04 and Magath had agreed at their parting silence about the arrangements. Officially, it was only last Friday, both parties had "amicably agreed" separately - at a time when the term of his contract was still 27 months. Magath was already on the last matchday again with his former club VfL Wolfsburg in the bank.

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