Revealed: The eye-watering wages Bayern Munich will pay new manager Vincent Kompany... with ex-Burnley boss set to make £2.6m MORE than Julian Nagelsmann!

Vincent Kompany's wages at Bayern Munich are reportedly set to see him earn £2.6million more than their former head coach Julian Nagelsmann.

The former Manchester City defender was unveiled as the Bundesliga side's new coach on Thursday, succeeding Thomas Tuchel at the German outfit after it was announced that he'd be leaving the club at the end of the 2023-24 campaign. 

After leading Burnley to promotion to the Premier League in 2023, his side have struggled to capitalise on their brilliant form in the Championship and were relegated back to English football's second tier after a dismal Premier League season. 

Questions had loomed over whether the Clarets would part ways with the English club, after they had lost 24 games in the league this season. But in a shock twist of events, Bayern Munich would seal a deal to appoint the 38-year-old as their new manager - and it appears they had to see off several other clubs to land their man. 

'You mentioned one club but just so you understand how am - I'm a very private person - I was actually quite fortunate to have a lot of interest from a number of other clubs as well,' the former Burnley manager said during his first press conference at Bayern. 

'But I never went looking for anything. I wasn't interested in anything. I was happy to meet people and I met good people.'

Mail Sport understands that Bayern had held discussions over a compensation package with Burnley director Alan Pace. According to the BBC, that fee is said to be around £10.2m. 

It is also understood that Bayern will now pay Kompany a hefty salary, with Sky Germany reporter Florian Plettenberg revealing on X (formerly Twitter) that the Bundesliga side will pay him more than their former coach Julian Nagelsmann. 

Plettenberg states that Bayern 'dug deep into their pockets for Kompany' adding that they are expected to pay him between '£5.97m and £7.67m (€7m-€9m) gross per year' with add-ons included.

According to the journalist, that will see Kompany earn close to the same figure as Tuchel, who was on £7.67m-per-year plus add-ons, but more than Julian Nagelsmann and Hansi Flick - who was unveiled as Xavi's successor at Barcelona last week. 

Nagelsman and Flick were both, according to Plettenberg, on an annual salary of approximately £5.11m-per-year plus bonuses, meaning Kompany could net around £2m more than both of the former Bundesliga winners. 

Kompany will now step into the hot seat at the Allianz Arena and try to galvanise a Bayern squad who endured a trophyless 2023-24 season, failing to win the Bundesliga for the first time in 11 years, while also being knocked out of the Champions League. 

Bayern's search for Tuchel's successor saw them whittle down a shortlist of names that included the likes of Xavi and Ralf Rangnick.  

The Belgian, who enjoyed a glittering career as a player, possesses plenty of managerial experience having honed his craft working at Anderlecht before moving to Burnley. 

During his time at Man City, he was also able to learn from the masterful Pep Guardiola but was keen to distance himself from direct comparisons to the Man City boss - who could leave the club at the end of next season.  

'I've played at the highest level in my career and I want to pass that on to my players. I would never compare myself to Pep Guardiola,' Kompany said. 

'He was very important in my career. I've also recently spoken to Karl-Heinz Rummenigge and Uli Hoeness and they also stand behind me. 

'But I don't want everyone to only be convinced of me beforehand, but also of my work on the pitch during my time here.'