The FourFourTwo Football Rich List 2011/12 brings you the 10 wealthiest gaffers involved in British football
1. Fabio Capello £38m
England (Last year £36m, 1st)
Fabio Capello was appointed to turn England back into contenders after the fruitless reign of Steve McClaren. Somehow, you couldn't see him applying to replace McClaren at Nottingham Forest, even if the Italian hadn't made it clear that he will retire from management after Euro 2012. By then he will be 66 and prepared to relax. His England tenure has in some ways summed up his career: doggedly successful in the league (winning nine out of 10 World Cup qualifying games while racking up 34 goals) despite seldom enjoying widespread popularity and frequently enduring criticism of his management style and his team's outlook on the pitch. Capello first went into management with AC Milan, where he replaced Arrigo Sacchi and won Serie A four times in five years, including a 22-month unbeaten streak; he also won the 1994 Champions League. He spent two separate seasons at Real Madrid, each time earning the league title and the sack; he also won Serie A with Roma and Juventus (twice), although the latter scudetti were chalked off by Calciopoli. His four-and-a-half-year England contract is believed to pay him around £6m a year. He lives in Belgravia and admires the works of Marc Chagall, Wassily Kandinsky and Piero Pizzi Cannella, who is also a close friend. He also wears Zerorh prescription eyewear and has been the face of the range since 2001. Taking account of his longevity at the top, we reckon Capello is now worth £38m.
NOT AS RICH AS Kylie Minogue (musician) £40m
2. Sir Alex Ferguson £27m
Manchester United (Last year £26m, 3rd)
It's hard to become an institution at an institution. Manchester United were already a behemoth, albeit an underachieving one, when Alex Ferguson arrived as manager in 1986; his achievements in the quarter-century since have seen him ranked along the immortal Matt Busby as a true legend of the club. The man later knighted by the Queen started his working career as an apprentice welder at Govan shipyard on the Clyde, but it's football where he showed his mettle. A single-minded centre-forward whose career peaked at Rangers, he found his true vocation as a manager, rising through East Stirling, St Mirren and Aberdeen – with whom he won domestic and European trophies – before arriving at Old Trafford. His four-year contract in 1996, the year in which his new young breed secured United's second Double in three years, was said to be worth £1m a year. Having opted out of retirement, he followed that with a three-year-contract worth £11m. His salary is now £3.6m a year. Ferguson's company, ACF Sports Promotions, shows just £82,000 of net assets. He made £1m from his autobiography and another £1m from a testimonial organised by his son, Jason. In September 2010 he made nearly £4m when the restaurant booking website, toptable.co.uk, was sold for £35m. With the revenue from his superhorse Rock of Gibraltar running into millions and his racing interests generally showing a clean pair of heels we value him at £27m. He's back up to second in the managers' list, having seen Roy Keane come and go; you suspect Keane won't be the last to be outstayed by the guvnor from Govan.
3. Arsene Wenger £20m
Arsenal (Last year £17m, 5th)
Oh, the irony: he's got more money than Mancini. Arsene Wenger has spent the last few months being implored to splash out more often by more fans than any other manager in history. But he has made it his business that Arsenal don't frequently splash cash on established players, instead signing raw talent and turning them into the finished product before reluctantly selling them on at vast profit once their heads are turned by agents and adventures elsewhere. But with Arsenal trophyless in six seasons, losing key players more regularly than any academy could replace them and facing a real fight to maintain its heretofore annual place in the Champions League qualification zone at the top of the Premier League, Gooners have been screaming for Wenger to spend the money in the club's coffers on readymade solutions. He did indeed make a few signings before August's transfer deadline but you got the distinct impression it wasn't how he'd choose to operate. A naturally temperate man, he will have been saving his own money almost as assiduously as he has safeguarded the club's. His Arsenal contract, worth around £2m a year originally, was extended to 2007 after a contract extension in October 2004. It was worth around £3m annually but he signed a new four-year, £4m-a-year deal in September 2007. In August 2010 that contract was extended to 2014. Wenger's company, LA Promotions, showed nearly £2m of net assets in 2009-10.
4. Roberto Mancini £19m
Manchester City (Last year £15m, 6th)
Could this be the year Manchester City break the dominance of rival United? City's Arab owners certainly hope so and in Roberto Mancini they may have found the manager who can deliver. He arrived in December 2009, and in his first full season he won the FA Cup (ended City's 35-year trophy drought), finished third in the league and thus secured City's first ever Champions League campaign. Mancini was handed the apparently blank chequebook on the back of his work at Inter Milan, where between 2004 and 2008 he guided the Nerazzurri to three Serie A titles plus a Coppa Italia to add to the two he had won earlier as manager at Fiorentina and Lazio. Inter craved Champions League glory, and despite having signed an enhanced five-year contract in 2007 he was sacked in summer 2008 when his contract was worth around £5.5m a year. He rejected a compensation offer for around £5m for early termination of the Inter contract. In all his years as a player and later as a manager in Italy (with a brief cameo role at Leicester City as a player in 2001) Mancini should have picked up perhaps £16m from contracts and compensation. His Manchester City contract is worth around £6m a year with a £2m signing-on fee. In all, Mancini should have had £30m in wages, but allowing for tax and spending we value him at £19m.
5. Sven-Goran Eriksson £15m
Leicester City (Last year £15m, 6th)
Svennis's latest job started well, as they usually do: he helped Leicester from the bottom of the league to a 10th-placed finish. His first full season hasn't set off at the pace required by chairman Milan Mandaric after shelling out for nine new players in summer, but if Sven got the axe, history shows that he'd probably land another job soon enough, no matter what the publicity. This is a man who had most back-page soapboxers raging about his £4m-a-year England contract while the front pages filled with various indiscretions – and he's had several jobs since. A remarkably unremarkable Swedish lower-league footballer, Eriksson made his name as a coach. He won the UEFA Cup at IFK Gothenburg, three league titles at Benfica and the Italian league and cup double at Lazio. That got him the England job, and after a year out of the game following World Cup 2006, Manchester City gave him a three-year £9m contract. He was sacked in May 2008 and crossed the Atlantic to manage Mexico; sacked again in April 2009, he quickly took a post with Notts County, signing a five-year contract, reportedly worth £2m per year. He resigned in February 2010 but waived a multi-million pound pay-off. He managed Ivory Coast in the 2010 World Cup but that contract ended in June when the African country were eliminated. With his highest-earning days behind him, we keep him at £15m again this year.
6. Harry Redknapp £10m
Tottenham Hotspur (Last year £10m, 8th)
By the time the FourFourTwo Football Rich List 2012/13 rolls around, Harry Redknapp may well be England manager. The FA's oscillating hiring policy is due a reversion to home-grown management, there are few other options around and he seems to have the vital backing of the press corps. Representing his country would be a source of great pride for Redknapp. A solid rather than spectacular player, he showed an early aptitude for coaching and in his first full season as manager his Bournemouth side pulled off a classic FA Cup shock by beating Manchester United. He later led West Ham and Portsmouth into Europe, the latter via winning the FA Cup, before moving to Tottenham in 2008 in exchange for £5m compensation. He led Spurs from bottom of the league to Champions League glory nights against Inernazionale and AC Milan. No details of his salary have ever emerged but Redknapp lives on Panorama Road in Sandbanks outside Poole – one of the most expensive areas of real estate in the world. Redknapp's house dates from 1911 and is reckoned to be worth at least £8m. But allowing for any mortgage, Redknapp should easily be worth £10m with his past contracts and current one.
7. Steve Bruce £9m
Steve Bruce has been spending money this summer, but not his own. Under the largesse of Sunderland's billionaire Irish-American owner Ellis Short, Bruce has signed – among many others – Wes Brown and John O'Shea, his successors as Manchester United defenders. Bruce spent nine hugely successful years at Old Trafford, winning three Premiership titles and three FA Cups, before moving to Birmingham City in 1996 on a £2m-a-year, two-year contract. He gained a reputation as a peripatetic manager but settled for six years back at Birmingham and before enhancing his reputation at Wigan. He took over at Sunderland in June 2009 and his contract at the Black Cats is reckoned to be worth £3m a year, a 50% rise on his Wigan contract. His company, Steve Bruce Ltd, showed £641,000 of net assets in 2009-10. His 20 years as a player and manager easily take Bruce to £9m.
8. Kenny Dalglish £8m
Liverpool (New entry)
King Kenny is back. The Kop's favourite son is now managing Liverpool again and the Anfield faithful hope that the wee Scot can return the Reds to the glory days and overturn the dominance of hated local rivals Manchester United at the top of the Premiership. In 1990 Liverpool won the third league title of their first five seasons under Dalglish, but the following February he resigned due to stress. Dalglish popped up later that year at Jack Walker's nouveau-riche Blackburn, leading them into the Premier League and then to the title, becoming only the third manager to lead two clubs to the top-flight title, after Herbert Chapman and Brian Clough. Less happy spells followed at Newcastle and later Celtic, where he left in 2000 with a £600,000 pay-off. In 2009 Dalglish returned to Liverpool to help its youth academy and act as club ambassador. But in early 2011 when Roy Hodgson left as manager, Dalglish returned as caretaker. In May he was confirmed as the new manager on a three-year contract worth a reported £4m a year. A strong supporter of charities, Dalglish should easily be worth £8m for now. If he returns Liverpool to their glory days, he will go a lot higher.
9. Andre Villas-Boas £7m
Chelsea (New entry)
The latest Chelsea manager was born in Porto and lived in the same apartment block as Sir Bobby Robson, who was managing FC Porto at the time. Robson appointed Villas-Boas to Porto's observation department. Under the guidance of Robson, who was impressed with his fluent knowledge of English, he achieved his UEFA C coaching licence at the age of 17 in Scotland. He then had a short stint as head coach of the British Virgin Islands national team at the age of 21, before he moved onto a career as an assistant coach at Porto under José Mourinho (another Robson protégé). Villas-Boas moved with Mourinho to Chelsea and then Internazionale, but in summer 2009 he left to pursue his won managerial career. He started back in the Portuguese Primeira Liga with Académica de Coimbra, whom he led from bottom of the league mid-table safety and the Portuguese League Cup semi-finals. Porto appointed him manager in June 2010, and within his first 12 months he won the Portuguese Supercup, the Portuguese Primeira Liga, the Portuguese Cup and the UEFA Europa League – the latter victory making him the youngest manager ever to win a European competition, at the age of 33 years and 213 days. In June Chelsea indirectly paid Porto £13.3m compensation via Villas-Boas to activate his release clause, free him from his contract and become the youngest ever Premier League manager. His three-year contract is worth £4.5m annually, more than four times his salary at Porto. It's early days for Villas-Boas – he's four years younger than Ryan Giggs – but we value him at £7m for now. If he can win the Champions League, Chelsea owner Roman Abramovich will no doubt reward Villas-Boas handsomely.
10. Alex McLeish £6m
Aston Villa (New entry)
It will come as little consolation to Alex McLeish that he is making his debut in the Football Rich List. So far this year he's seen Birmingham City relegated under his stewardship and then a vocal portion of their bitter rivals Aston Villa react with perhaps understandable fury to his appointment at Villa Park. But the Glaswegian known to all and sundry as Big Eck loves a battle. McLeish played for Aberdeen as a central defender under Alex Ferguson during their glory years in the 1980s when the Dons broke the Old Firm dominance of Scottish football. He made nearly 500 League appearances for the Dons, and won 77 caps for Scotland. From 1994 to 2007 he managed Motherwell, Hibs, Rangers and then Scotland before moving south to manage Birmingham from 2007 to 2011. He started on a contract reckoned to be £1m a year there but after taking the club to ninth in the Premiership at the end of the 2009-10 season he was given a new three-year deal worth a reported £2m a year in September 2010. Within a year he was gone, turning up five days later across the city at Villa, leading to the Blues demanding £5.4m in compensation. McLeish's past contracts and his three year deal with Villa should take him to £6m easily.