Out-of-work Kenny Dalglish will finish the season as Britain's best-paid manager and the fifth highest-paid in the world, new figures from France Football magazine have revealed.
Liverpool accounts showed they were forced to pay off Dalglish and his staff with £9.5 million at the start of the season after deciding to replace him with Brendan Rodgers.
According to the magazine, £8.52m of that went straight into the pocket of the Scotsman, making him this season's highest-paid British coach without even having to manage a single game.
Dalglish was on a reported salary of around £3.5m while he was at Anfield and a tweet went viral when he left the club that read: "Kenny Dalglish has asked that the £8 million compensation owed to him after his sacking be put towards new Liverpool signings. Amazing gesture."
The Echo were forced to publish a reply saying: "The simple reason is it's not true."
Dalglish won the League Cup for Liverpool last season but was criticised for paying out bloated transfer fees on unconvincing signings with the £35m paid for Newcastle striker Andy Carroll – the highest fee ever paid for a British player – drawing particular criticism.
Dalglish was fifth in the overall managers' high-earners list which was unsurprisingly topped by Real Madrid boss Jose Mourinho who earns €14m (£12m) a year.
The highest-paid manager currently working in the Premier League is actually Arsene Wenger (€9.4m) who is sixth on the list overall.
Manchester City's Roberto Mancini is eighth on the list just making slightly more than Sir Alex Ferguson.
Top 10 best-paid coaches in 2012-13 (Source France Football – figures in Euros)
1. Jose Mourinho (Real Madrid): 14m
2. Carlo Ancelotti (PSG): 12m
3. Marcelo Lippi (Guangzhou Evergrande) : 11m
4. Guus Hiddink (Anzhi Makhachkala): 10.8m
5. Kenny Dalglish (Unemployed): 10m
6. Arsene Wenger (Arsenal): 9.4m
7. Fabio Capello (Russia): 9.2m
8. Roberto Mancini (Manchester City) 7.6m
9. Sir Alex Ferguson (Manchester United) 7.5 m
10. José Antonio Camacho (China) 6.1m