Claudio Ranieri to receive big payoff after Leicester City sacking?

Claudio Ranieri watches on during the Premier League game between Southampton and Leicester City on January 22, 2017
© SilverHub
Claudio Ranieri is reportedly in line to receive £3m in compensation after being sacked as Leicester City manager on Thursday night.

Leicester City will reportedly have to pay Claudio Ranieri £3m in compensation after ending his time at the King Power Stadium on Thursday night.

The football world was left stunned as Ranieri was removed from his position in the dugout just nine months after guiding the Foxes to the Premier League title.

His remarkable achievement - which came as odds of 5,000/1 with the bookmakers - also earned him a new four-year contract in the summer, but his early exit has left him in line for a seven-figure sum.

According to The Mirror, the Italian will receive £3m due to the terms in his recent deal, which entitles him to wages he would receive in a year.

Ranieri has already been linked with offers from clubs in both Europe and further afield, with Fiorentina and clubs in the Chinese Super League said to be interested in his services.

Leicester City manager Claudio Ranieri at the FA Cup match against Millwall on February 18, 2017
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1Chelsea26203355193663
2Tottenham HotspurSpurs26158350183253
3Manchester CityMan City25164551292252
4Arsenal25155554282650
5Liverpool26147555332249
6Manchester UnitedMan Utd25139338211748
7Everton26128642271544
8West Bromwich AlbionWest Brom2611783632440
9West Ham UnitedWest Ham2696113544-933
10Stoke CityStoke2688103040-1032
11Burnley2694132837-931
12Watford2687113043-1331
13Southampton2586112831-330
14Bournemouth2675143651-1526
15Leicester CityLeicester2666142744-1724
16Swansea CitySwansea2673163257-2524
17Middlesbrough26410121928-922
18Crystal Palace2664163346-1322
19Hull City2656152350-2721
20Sunderland2654172448-2419