Subscribe to Print Edition | Sun., May 25, 2008 Iyyar 20, 5768 | | Israel Time: 18:48 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Advertising Books Peres Conference Business Real Estate Easy Start Travel Week's End Anglo File

Former Chelsea FC manager Avram Grant. (AP) Last update - 10:25 25/05/2008 Grant to receive over $10m in severance from Chelsea By Neil Silver and Udi Dan Tags: Roman Abramovitch, Chelsea  Former Chelsea manager Avram Grant will reportedly receive a severance package worth over $10 million, following his termination in the wake of Chelsea's loss to Manchester United in the Champions League final in Moscow last Wednesday. The football club posted a message on its official website Saturday that read "Grant Leaves Chelsea," adding that the manager had his contract terminated after meetings held the previous two days. Chelsea Chief Executive Peter Kenyon was quoted by the BBC last week as saying "it's been an interesting season, but you don't like finishing second and as runners-up. Given the standards we've set, that's not something we've settled for." Advertisement Even though Grant lead Chelsea to the club's first ever Champions League Final after a big win over Liverpool, he was not able to gain a vote of confidence for next season during a meeting held with friend and Chelsea owner Roman Abramovitch before the match in Moscow. Also, sources in the club's management predicted last Sunday that Grant would be terminated after the season even if the club were to defeat Manchester United in the Champions League final and in spite of his having three years left on his contract. Initial steps to remove Grant from the club began in earnest on Thursday morning, hours after the defeat in Moscow. Abramovitch, Kenyon, and Chelsea CFO Eugene Tennenbaum reportedly held meetings till the early hours of the morning, with the clear goal of determining a way to expedite Grant's removal. Grant was made Director of Football at Chelsea last July, and become manager of the club after the departure of Jose Mourinho last September. The announcement of Grant's termination was delayed while the club negotiated a return for Grant to his previous role as director of football, a move Grant refused, and also in order to agree to a compensation package, which in the end was nearly the equivalent of the remaining money on his contract ? over $10 million. Grant is reportedly looking for a managerial post elsewhere in the Premier League, and Manchester City FC is said to be the most likely spot for Grant to land, with Grant's connections with club ownership and the recent departure of the club's manager. Related articles: Grant's Chelsea job in danger after Champions League defeat Grant's wife accuses British media: They're hungry for Avram's raw flesh Chelsea's Avram Grant fails to secure vote of confidence for next season Yellow patch, Blue victory: U.K. media praise Grant after Chelsea win Bookmark to del.icio.us   Jet error Israeli warplanes come close to shooting down Tony Blair's plane. Rehab (live) Report: Singer Amy Winehouse is to undergo drug rehab in Israel.   1.   In case my boss is reading, also agree at ten million 10:24  |  SJ 25/05/08   2.   So Grant threw the game for the money 10:53  |  Mordi 25/05/08   3.   IDIOTIC DECISION BY CHELSEA 11:07  |  Robert 25/05/08   4.   Told ya: Avrham is the only winner is this one 18:44  |  FAN 25/05/08

Read & React Israel denies entry to high-profile critic Norman Finkelstein Responses: 364 Sources: 'Olmert's indictment is just a matter of time' Responses: 45 Shmuel Rosner: Pastor Hagee was trying to stop 'second Holocaust' Responses: 83 Iranian-born Israeli charged with passing information to Tehran Responses: 48 Rosner's Domain Explaining Hagee's Holocaust remarks Poll: Peace between Israel & Syria? Should American Jews Embrace Living Double Lives? Rosner's Guests: can "decisive victory" against guerilla achieved? Blame the Israel Lobby for Clinton's loss? (WTR) More Headlines 18:04 Fearing Gaza rockets, IDF moves troops, civilian staff from Erez 17:29 Shin Bet chief: Hamas has rockets that can hit Ashdod 18:44 New Lebanese President calls for renewal of ties with Syria 18:30 Iranian-born Israeli charged with passing information to Tehran 12:16 Olmert: Fervor over Syria talks must not affect our judgement 16:55 'Shampoo' meets 'Munich': New Adam Sandler film stars Mossad hit man turned hairdresser 18:47 Black-Jewish tensions heat up as Crown Heights teeters on edge 18:32 Water Authority mulls drastic cuts due to low reservoir levels 17:53 Report: Avram Grant favorite for manager at Manchester City 15:35 Israeli businessman's London home up for sale for $232 million 11:07 5 questions about Pastor Hagee and the Holocaust 14:27 'If Egypt can't ensure security in our south, we'll find other ways' 14:26 Israel sends $1.5 million in aid to China for earthquake relief Previous Editions Select Day 23 may 22 may 21 may 20 may 19 may 18 may 16 may 15 may 14 may 13 may 12 may 11 may

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