The Italian flies out to Kiev today for tomorrow’s Euro 2012 finals draw with a new contract agreed after a 90 minute meeting with the FAI on Monday.
Sources close to the team management last night indicated that the two-year deal for Trap, his assistant Marco Tardelli and fitness coach Fausto Rossi is worth around €5million in total, half of which will be paid by businessman Denis O’Brien.
The day after Ireland confirmed qualification for the Euro finals with a 5-1 aggregate play-off victory over Estonia, Trapattoni had described a new deal as a “formality.” And so it proved when, with a mandate from the Association’s Board, FAI Chief Executive John Delaney met with the 72-year-old in Portmarnock on Monday to negotiate terms.
“It was the first time we sat down to get into the detail and within a very short period of time we had everything agreed,” said the FAI boss yesterday. “We’re thrilled and I know he’s happy as well to stay. He achieved his objective of getting us to the European Championships and for that he deserves his new contract.”
Delaney revealed Trapattoni had agreed to a “significant” cut in his pay and the Irish Examiner has established that will be in the order of 30%. In the absence of official confirmation of the figures, this reduction will reduce Trap’s annual income from €1.7m to around €1.2m, a whopping fall of half a million euros. Delaney did confirm yesterday that Denis O’Brien is again funding half the total salary package.
Negotiations were done and dusted within 90 minutes on Monday, with all the key parties, and their legal advisers present. Speaking about Trapattoni’s willingness to take a pay cut, Delaney said: “He was very sensible in the discussions. He recognises the tough economic climate that we all live in, not only in Ireland but in Europe. And of course we’re getting a contribution from the businessman Denis O’ Brien. He’s paying half of the cost and he’s done that for the previous two campaigns, and without his support we couldn’t have retained the services of Trapattoni. In one word, his support has been outstanding.
“We all live in a new economic reality in the country. When we first signed Giovanni and Marco four years ago it was a different country to the one we reside in today. They are very close to what is happening in this country and they have seen through the years how difficult things have become. They are also acutely aware of how qualifying has lifted the country in many ways. Both of them really do enjoy working in Ireland and enjoy working with us. They love the Irish people and they wanted to stay, I think that was the key. So when we came to discussing the package, it was very easy to do in the end.”
Commenting formally, Trapattoni said: “Marco and I believe very strongly in the work that we are doing to grow and develop the Irish team. It is a huge honour and a privilege to represent the Irish team and we look forward to continuing this important task.”
Welcoming the news FAI President, Paddy McCaul said: “Giovanni Trapattoni brings a wealth of experience and a great working relationship with the FAI and the players. The fact that we have gone into the last two campaigns as third seeds and have finished second in both, as well as being seeded for the play-offs in the EURO campaign, speaks volumes about his ability to deliver. I would like to congratulate Giovanni, Marco and Fausto on this renewed appointment and thank Denis O’Brien for his continued generosity.”
For his part, O’Brien paid tribute to the work of the Irish management team and added: “I am delighted to continue my partnership with the FAI, Giovanni Trapattoni and the Irish squad.”
The new deal will see Trapattoni stay on as manager for the World Cup 2014 qualifying campaign but the first order of business is Kiev tomorrow.