Southgate keen to prove ‘value for money’ after committing to England

Gareth Southgate insists he wants “to deliver value for money” after signing a new two-year contract to remain as England manager until December 2024.

The 51-year-old guided England to their first major final in 55 years at Euro 2020 and his new deal, reported to have increased his salary to £5-6million, is performance related.

Southgate,whoseprevious deal was set to expire after the 2022 World Cup, said: “I’ve alwayswantedthroughmylifeto be fairly rewarded, but to deliver value for money for the organisation I worked for.

“That’s always been important to me and within the FA I’m very conscious of what we’ve been through as an organisation.” The Football Association announced 124 redundancies and potential losses of up to £300m in June due to the impact of the pandemic and Southgate agreed to a 30 per cent wage cut.

“I’m very conscious that we fund grassroots football andso,whateverwe’veearned over the period of time, I think we’ve been right to have to prove ourselves,” said Southgate, whose assistant Steve Holland has also signed a new two-year deal.

“IthinknowwehaveWembley full more regularly and the prize money for reaching latter stages of tournaments, we want to make sure…that we’ve more than played our part in keeping the business side in the right place.

“That is a consequence of results and performances and bringing enjoyment to the country. In an ideal world youwantamanagerwhocares about English football and about the organisation to be able to fulfil all those things.”

FA chief executive Mark Bullingham said: “I understand people will ask how we can afford this given the financial losses at the FA and, while I’m not going to go into details on the contract, I will sayit’saperformance-related contract and any rises or increases and bonuses are selffunded by increases in either commercial revenue or tournament prize money.

“Both Gareth and Steve understand that and wanted it that way. They genuinely care about the organisation.

“We’re absolutely delighted that Gareth and Steve have chosen to continue and we look forward to the future together.”

Southgate has signed his deal after leading England to next winter’s World Cup in Qatar.