GIOVANNI Trapattoni left the position of Republic of Ireland football manager after agreeing a compensation package of around €500,000 for himself and his assistants.
The Italian's five-and-a-half year term as manager came to an end in Dublin Airport, when he agreed to vacate his post with two games remaining in Ireland's World Cup campaign following Tuesday night's defeat to Austria.
Along with his assistant Marco Tardelli, he met with an FAI delegation consisting of chief executive John Delaney, president Paddy McCaul and honorary secretary Michael Cody in the VIP lounge yesterday morning before he flew back to Italy via Amsterdam.
It is understood that the Italian has waived a more substantial sum in order to facilitate the parting of ways.
He will receive the bulk of the €500,000 settlement, with Tardelli and fitness coach Fausto Rossi also paid off as part of the departure package.
The 74-year-old did not look for the full value of the remainder of his contract, which expires next year.
Trapattoni said on Tuesday night that his deal was set to expire on May 30, but Mr Delaney disputed that suggestion in radio interviews.
"Everything is confidential but it was amicable and in terms of (money), it wouldn't be something substantial to be fair, I can say that much at least," said Mr Delaney in an interview with Pat Kenny on Newstalk.
The FAI will meet in the next week to discuss a replacement, with Martin O'Neill the preferred candidate.
Businessman Denis O'Brien will continue to help fund the management
team's salary for at least the next two years.
Mr Delaney told RTE that the association would have the "firepower" to secure a new boss after the businessman agreed to continue part-funding salaries for the coming years.
A deal negotiated in 2008 resulted in Mr O'Brien agreeing to part-fund Trapattoni's salary, believed to be some €2m a year at the time.
It has since fallen to around €1.3m, and about half the salary is funded by the businessman.
Mr Delaney said Mr O'Brien would fund the new management team's salary for the next two years.
"Denis O'Brien has confirmed that he will continue to stick with this project for the next two years at least," he said. "We have the firepower to go to the market to try and get ourselves a manager."
A spokesman for Mr O'Brien advised that all queries in relation to financial support were being dealt with by the FAI. The association said it had nothing to add to Mr Delaney's comments.
"I wish him the very best in the future in whatever he decides to do personally or in his career," he said.
"It was a huge disappointment to everyone that we didn't qualify for the World Cup, but we should remember that Trapattoni did get us to the Euros for the first time since 1988, so we should be grateful for that."
An FAI spokesman thanked Mr O'Brien for "maintaining" his support to the sporting body.
"We would like to thank Denis O'Brien for his tremendous support over the previous campaigns and we thank him for maintaining that over the coming two years which is helpful for the association and Irish football."