Arriving in the summer from Bayer Leverkusen, Xabi penned a deal to 2028 as Real Madrid coach.
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However, Xabi lasted barely six months in charge before his dismissal a fortnight ago.
Okdiario's chief pundit Eduardo Inda, speaking on El Chiringuito in his regular Monday night spot, revealed the hefty payoff Xabi walks away with. Inda says Real's board have decided to pay Xabi for another 12 months.
Inda stated: "The dismissal of Xabi Alonso has cost ten million euros to Real Madrid.
"Xabi earned about 6 million (a year) and has been paid for a season and a half. Real Madrid he is much more generous than what the contract stipulates and has been on more than one occasion."