Mauricio Pochettino and his staff were paid more than £12.5 million in compensation when the Argentine was relieved of his responsibilities at White Hart Lane.
However, it has now been revealed that, thanks to a clause inserted in his termination agreement, he will have to give almost all of it back if he takes another job with a Premier League club before next summer.
The news will come as a blow to both Manchester United and Arsenal, both of whom are reported to have Pochettino on their managerial shortlist. He has previously been linked with the hot seat at United, and, following the axing of Unai Emery as boss of the Gunners on Friday, he is also amongst the favourites for the job at the Emirates.
The clause only covers Premier League clubs, and does not rule out Pochettino moving to a club like Bayern Munich or Real Madrid.
Andy is an exiled English football fan living in Cyprus. He loves all sports but football is his abiding passion, and he still has dreams every now and then about scoring the winning goal in a Wembley Cup Final, even though his playing days are long gone. He follows most major leagues, across Europe at least, and has a favoured team in each. When he’s not watching, listening, reading or downloading podcasts about football, he spend his time worrying about his beloved Arsenal.