SHAMED soccer star John Terry agreed to pay out a staggering €458,000 to silence the lingerie model with whom he is alleged to have had an affair.
The move came as the Chelsea defender was stripped of the England captaincy with just months to go until the World Cup kicks off in South Africa.
It has emerged that Terry and his representatives agreed to pay out the huge sum to Vanessa Perroncel in order to stop her divulging details of their alleged affair.
She attended a press conference yesterday afternoon at which her publicist Max Clifford said that despite receiving six figure offers, she would not be selling her story to a Sunday newspaper.
An hour before the press conference, Terry had been stripped of the captaincy during a 12-minute meeting with England manager Fabio Capello at the Football Association's headquarters in Wembley. The 29-year-old had been summoned to a crunch meeting with Capello following news of the alleged affair.
Terry told friends afterwards that it was a straight man-to-man conversation with no animosity or tension.
But he told one friend: "I was devastated when he said I was losing the job as England captain. I didn't expect that when I walked in.
"But I think I could return as captain once the dust settles and the heat is taken out of the situation. There is every reason for me to fight to get the armband back."
Terry announced in a statement: "I fully respect Fabio Capello's decision. I will continue to give everything for England."
Capello said in his statement: "After much thought, I have made the decision that it will be best for me to take the captaincy away from John Terry.
"As a captain with the team, John Terry has displayed extremely positive behaviour. However, I have to take into account other considerations and what is best for all of the England squad.
"What is best for all of the England team has inspired my choice. John Terry was notified first. When I chose John Terry as captain, I also selected a vice captain and also named a third choice. There is no reason to change this decision."
Meanwhile Max Clifford claimed that Vanessa (33), who has a three-year-old son with Terry's former Chelsea colleague Wayne Bridge, was upset that Terry had been sacked as England captain.
"He he didn't seek any of this publicity and it's been very upsetting for him and his family as it has for Vanessa and hers," said Mr Clifford.
Terry has become the first footballer to lose the England captaincy for off the field behaviour.
However he will remain an integral part of the England team preparations for the World Cup finals.
Meanwhile Terry's wife Toni (28) was seen yesterday at a shopping mall in Dubai. She fled there last Saturday as the storm over the alleged affair erupted.