Official: PSG Fire Laurent Blanc As Manager

In a statement released on Monday, the French club said talks led to an agreement, that “preserves the interests” of both Blanc and the club, with assistant coach Jean-Louis Gasset and physical trainer Philippe Lambert also expected to leave.

The Frenchman who led the club to back-to-back domestic trebles in the past two seasons was not able to save his job partly due to quarterfinal exits in the Champions League in each of his three campaigns in charge.

A statement on the club’s official website reads: “In a respectful atmosphere, negotiations were completed on 27 June. An agreement, by common accord, preserves the interests of both parties.

“Assistant coach Jean-Louis Gasset and head fitness trainer Philippe Lambert, also leave the club as part of the agreement.

“As the club decides to head in a new direction for the management of the first team, it wishes to thank Laurent Blanc and expresses its gratitude for the work accomplished over the last three years by Laurent and his staff.

“During his three years at the club, Laurent Blanc won 11 trophies, including two national quadruples, and left a significant mark on the great history of Paris Saint-Germain.”

Blanc who signed a new two-year contract is expected to receive $25 million in compensation after signing a new two-year contract few months back.

“As we embark on a new chapter in the development of the club, I would like to thank Laurent Blanc for everything he has achieved over the last three years, both in terms of the playing style and results,” PSG CEO Nasser Al-Khelaifi said in a statement. “I wish him the best for his future challenges.”

Following Blanc’s departure, former Sevilla coach Unai Emery is poised to take over.