The highest-paid manager in the world, Diego Simeone, plans to stay at Atlético Madrid for longer but with a reduced salary
The Argentine manager’s current contract was due to expire in 2024, but the legendary boss plans to continue at the team where he played the most games as a player.
According to recent reports from Matteo Moretto and Fabrizio Romano, Simeone is reportedly planning to renew his contract with La Liga’s powerhouses. In the summer, there were rumours that the Argentine manager would leave his current position and accept a new one in 2024. According to recent sources, Simeone is eager to extend his time at the club.
Diego Simeone Atlético Madrid salary, contract extension, details, net worth in 2023, stats and record
🚨 Diego Simeone, set to sign new deal at Atlético very soon. Verbal agreement in place, just waiting to get it sealed but all considered almost done.
⚪️🔴 After almost 12 years as Atléti coach, Simeone is prepared to accept the proposal and keep staying at the club. pic.twitter.com/uBFqAKGzCJ
— Fabrizio Romano (@FabrizioRomano) October 9, 2023
Diego Simeone is set to sign a new contract at Atletico Madrid
Currently, the Argentine is the highest-paid manager in the entire globe. He is now paid $21 Million, although there are rumours that Simeone will accept a wage cut of $4 Million every season. Simeone will receive about $17 Million per season with the new agreement for three seasons.
Simeone’s relationship with the Madrid-based team is long-standing. In the late 1990s and the beginning of the 2000s, he spent four seasons playing for the team. He participated in 167 games for the team and contributed 30 goals from centre midfield. The Argentine is expected to stay at the club for a further three years.
Simeone has had an unreal impact on the club
Simeone took over as manager of Atlético Madrid in December 2011 and over the next 12 years made it one of the major players in Europe. He managed the Madrid club for a time, guiding it to two UEFA Champions League finals and nine major titles.
Simeone has been the manager of Atlético Madrid for 638 games as of the time of this report, winning 377 of them with a 59% win ratio. In his twelve years at Madrid, he has won four La Liga Coach of the Year awards and three La Liga Manager of the Month awards. For the 2011–12 season, he was also named the European Coach of the Season.
Along with FC Barcelona and Real Madrid, Simeone has made Atlético Madrid one of the top three clubs in Spain. During his tenure, he guided the team to two La Liga championships, making them the third-most successful club in Spain in the twenty-first century. Simeone also presided over the team at a pivotal time in its history, when Metropolitano Stadium, their home stadium, was being renovated. Throughout the era, he kept them competitive, and after the reconstruction, he worked with a lean team to ensure the club’s financial viability.
Diego Simeone makes Atlético Madrid a desirable place to sign for the future. The fact that they may retain their great manager for an additional three seasons will please the fans.
Net worth
The estimated net worth of Diego Simeone is around $130 million. His huge net worth results from a result of his performance at Atlético Madrid, recognition, and additional revenue streams like endorsements.