Updated: 2013-07-04 07:55
Former head coach of the Chinese national soccer team Jose Antonio Camacho and his coaches will be compensated 6.45 million euros ($8.37 million) after he reached an agreement with representatives from the China Football Association and sponsor Wanda Group. The association decided to terminate its contract with Camacho on June 22 after an embarrassing 5-1 loss to Thailand in a friendly match that outraged Chinese soccer fans. The association will also need to pay 25 million yuan in income tax for Camacho's team.
(China Daily USA 07/04/2013 page3)