Ranieri 'will not accept reduced compensation'

Claudio Ranieri’s representative has rejected claims the former Chelsea manager will be forced to take a reduced pay settlement from the Stamford Bridge club in order to take up the reins at Valencia.

Reports had suggested Ranieri may be forced to accept much less than the £6m (€9m) compensation he is rumoured to be due after being shown the door with three years left on his contract.