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'I'll take two!'

GIOVANNI TRAPATTONI has signed a two-year €3m deal with the FAI to stay on as Ireland manager.

The Italian and his coaching staff will continue in their roles up until World Cup 2014 in Brazil in a package worth €4.6m.

The deal was agreed following a 90-minute meeting between FAI chief executive John Delaney and Trapattoni in Portmarnock, the Herald can reveal.

Communications mogul Denis O'Brien will provide half of the money required for the deal after he was approached by John Delaney and asked if he would contribute to the overall package.

The Herald can reveal that Mr O'Brien was only contacted over the weekend in a phone call from Mr Delaney and immediately gave a positive response, which then confirmed that Delaney had the go-ahead to open negotiations with Trapattoni.

Speaking to the Herald today, Mr Delaney told of his satisfaction at a “job done”.

“We're very happy, of course, at getting the job done and moving forward,” said the FAI chief executive.

“It comes at a very busy period for us, with qualifying secured for the European Championships, World Cup fixtures meetings in Germany and the draw in Kiev for the European Championships.”