Thomas Tuchel net worth, huge England salary and big financial sacrifice

Thomas Tuchel is to become the new manager of England having agreed a contract to succeed Gareth Southgate. The former Paris Saint-Germain and Chelsea boss had been unattached since leaving his role as head coach of Bundesliga giants Bayern Munich in May of this year, with the 51-year-old German having been courted by Manchester United during the summer before they opted to stick with Erik ten Hag and exercise the option in his deal to hand him an extension.

becomes the third non-English manager in the national team’s history, following in the footsteps of the late Sven-Goran Eriksson and Italian Fabio Capello. Tuchel, who has expressed his pride at being handed the chance to lead the Three Lions, will begin his role on January 1, 2025 and has inked an 18-month deal.

His time as England manager is likely to be a lucrative one, as it has been for those who have gone before him, particularly now given the increased standing of the national team on the world stage following strong showings at both the European Championships and World Cups under Southgate. It is also a job that brings with it good remuneration due to the intense pressure and scrutiny that comes with the role.

Tuchel, it has been reported, will earn £5m per year as England manager, a sum £2.5m higher than Southgate, but one in line with the salary expectations of one of the best coaches in world football. He would be able to land a higher salary in club football and is leaving money on the table to become England boss having been paid £7.5m per season at Bayern.

A full 18-month stint would earn him around £7.5m, a sum £2.5m less than what he had been on annually at . With little in the way of sponsorship endorsements and his net worth has largely been accrued through his salaries for the various jobs he has been in.

His net worth is reported to be in the region of £20m, with the German having received significant severance packages from his exit from Chelsea and Bayern. He has no UK-domiciled business in his name, which Southgate did, with the move often a way to manage an individual's image rights.

While he has yet to push towards that in his roles at Chelsea and Bayern, Tuchel will likely have plenty of options for endorsement opportunities should he wish to pursue them as England boss. Making more of the opportunities that exist as England’s national team manager could see Tuchel’s net worth see a significant incline if aligned with competitive success.

When a club or national team agrees terms with a manager, one of the key agreements to be reached is regarding images rights, and what the club can expect from their hire when calling upon them to appear in marketing campaigns for commercial partners, of which the England national team have several. The two parties will attempt to reach as much common ground as possible so that there is little confusion about what is expected of them during a campaign from a commercial perspective. It removes any potential for legal issues.

If a commercial partner wants to use a manager for a campaign then the club or national team would have to call upon the manager within the confines of the image rights agreement in place and the licence that has been obtained. This is why many players and managers seek to set up image rights companies.

In creating an image rights company, a player or manager will sell their rights to the company itself and will then receive a fee paid directly to the firm from the club for use of their image rights. It is also beneficial from a tax perspective, with that money received taxed at a 19% company rate as opposed to it being subject to the 45% tax rate that would be applied to players through the salary received from the club.

For some players and managers, such methods work as something of a savings account throughout their careers ahead of taking out funds at a later date for them to invest in other areas in later life.