Gareth Southgate is reportedly on the verge of a two-year contract extension where the English coach would lead the Three Lions until the end of Euro 2024.
According to The Telegraph, the 51-year-old could rake in an additional £ 5 million in bonuses through Southgate’s improved contract with the Football Association, including a £ 2 million pay rise if he wins the World Cup next year.
With this raise, Southgate would hit the record salary of former England boss Fabio Capello of £ 6 million a year when he was in charge of the national team from 2007 to 2012.
Gareth Southgate is said to be on the verge of a new contract extension with England
Southgate has completely changed England’s fortunes since taking office in 2016
Southgate has impressed on the Three Lions’ hot seat since taking office in 2016, leading England to the Euro 2020 final this summer as well as the World Cup semi-finals in Russia three years ago.
The former Middlesbrough boss has been negotiating with FA technical director John McDermott for the past few weeks and there is great confidence that an announcement can be made soon. The FA refused to comment.
Southgate is believed to have their focus firmly on the immediate task – qualifying for next year’s World Cup – before the new extension is announced.
They can accomplish this feat if they win their next two qualifiers, starting tonight against Albania at Wembley. On Monday, the Three Lions will compete against the Minnow San Marino.
He helped England reach the World Cup semi-finals and the Euro 2020 final at Wembley Stadium
Southgate has overseen a remarkable turn in England’s fortunes since its permanent takeover in 2016.
After a humiliating defeat to Iceland at Euro 2016, Southgate’s England has grown steadily and is now number 5 in the FIFA world rankings.
Meanwhile, a new deal is expected for Southgate’s assistant Steve Holland, with the former Chelsea manager being a key member in the manager’s back room and responsible for integral tactical tricks for the past few years.
Should he let his new contract expire, Southgate will have spent 13 years with the football association – including his previous positions as head of elite development and U21 manager.
Southgate’s new deal leads him to Euro 2024, which will be played in Germany, and if he wins the World Cup next year he could reach Fabio Capello’s (right) salary of £ 6m a year
Southgate will be tasked with bringing out the best in England’s new generation of talented stars
Eight years as Three Lions coach will take up Sir Bobby Robson’s endeavors from 1982 to 1990, while tonight he catches up with Sven Goran Eriksson for England Games (67th).
Only Robson, Sir Alf Ramsey and Walter Winterbottom have made more caps for England, while only Capello can boast a better win rate.
Southgate will be tasked with making the most of an exciting and emerging class of talented youngsters with the hope that Phil Foden, Mason Mount and Bukayo Saka can lead England to their second major trophy by Euro 2024.