Arne Slot has been sacked by Liverpool, with the Reds now searching for a new manager and the outgoing head coach set to receive a reported £6.9m compensation package
Matty Hewitt Football Writer
18:13, 30 May 2026Updated 18:19, 30 May 2026
Liverpool's Dutch manager Arne Slot looks on ahead of the English Premier League football match against Brentford
Arne Slot will walk away with a few million(Image: PAUL ELLIS, AFP via Getty Images)
Arne Slot will receive approximately £6.9M ($9.3M) in compensation following his dismissal by Liverpool earlier today. The departing head coach is understood to have been taken aback by the club's decision, having recently made public statements regarding the forthcoming transfer window and his summer plans.
And now he will walk away with a tidy financial sum, according to Dutch publication Telegraaf. Former Bournemouth boss Andoni Iraola has emerged as the leading candidate to replace Slot at Anfield, though the Reds will face competition for his services.
AC Milan, Crystal Palace and Bayer Leverkusen have all held discussions with the ex-Cherries manager, although Iraola is reportedly waiting for the Liverpool position. The timing of his availability appears significant, with suggestions it may have influenced the club's decision to part ways with the Dutchman.
Liverpool's owners, Fenway Sports Group (FSG), described it as a "difficult decision", made following a comprehensive review at the end of the 2025/26 campaign.
Slot secured the Premier League title in his debut season at the helm but failed to match those standards last term, despite the club spending around $600M on new recruits.
Liverpool only secured Champions League qualification on the final day of the season, and supporters began to grow frustrated with Slot despite his impressive first year. The Dutchman had openly discussed his plans for the following campaign, identifying transfer targets and arranging pre-season matters with the club.
Arne Slot has been sacked by Liverpool after a disappointing campaign.
Arne Slot has been fired by Liverpool after a disappointing campaign.(Image: Peter Byrne/PA Wire )
The Mirror understands that Slot was taken aback when informed of his dismissal shortly before the news was made public on Saturday. The Reds were also forced to watch as supporters' favorite Xabi Alonso joined Chelsea, denying them the opportunity to secure his services and suggesting their decision to part company with Slot had not been contemplated earlier this month.
In the end, the decision to dismiss Slot was made by Michael Edwards, FSG's chief executive, and Richard Hughes, Liverpool's sporting director.
Article continues below
Hughes worked as technical director at Bournemouth when they appointed Iraola and is extremely familiar with the 43-year-old. Iraola is highly respected for his attacking, attractive brand of football.
Slot addressed his exit from Anfield with a short statement and, as reported by Fabrizio Romano, Slot said: "It's been an amazing ride together with Liverpool, I am so grateful that we were able to win the league last season."
The Dutch manager has subsequently been linked with the available head coach role at AC Milan.