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Bayern and Burnley agree £10m deal for Vincent Kompany – Source

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Burnley and Bayern Munich have agreed in principle on a deal with coach Vincent Kompany, a source told ESPN.

The 38-year-old Kompany is set to sign a three-year contract at the Allianz Arena as a replacement for Thomas Tuchel.

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Bayern must pay Burnley around 10 million pounds (12.7 million dollars) in compensation. The framework of an agreement was agreed after a week of talks between the two clubs.

Kompany, who signed a contract extension with Turf Moor in May 2023, has already verbally accepted an offer from the Bundesliga club. For the former Manchester City defender, this is the third job as a coach after stints at Anderlecht and Burnley.

In his first season at Turf Moor he achieved promotion to the Premier League, but in the current season he only finished 19th and Burnley were condemned to an immediate return to the Championship.

Bayern turned to Kompany after a series of rejections in the search for a successor to Tuchel. Xabi Alonso, Julian Nagelsmann and Ralf Rangnick all turned down the opportunity to take over. Negotiations with Tuchel about staying on also failed.

Bayern have had a disappointing season, finishing outside the top two in Germany for the first time since 2011. They reached the semi-finals of the Champions League, but were narrowly defeated by Real Madrid on both legs.