Ange Postecoglou has been confirmed as the new Tottenham Hotspur manager, ending a successful two-year reign at Celtic.

Postecoglou annihilated the competition in Scottish football, winning five trophies from the six available and delivering a glorious treble clean sweep just days ago. He goes having left many fond memories and will now experience a big new challenge in the English Premier League.

Spurs waited until after the Scottish Cup Final to make their official approach to Celtic and it took a couple of days for everything to be agreed and signed off on. Part of the delay may well have been down to the negotiation of the compensation package due to the Bhoys from the London side.

Celtic v St Mirren - Cinch Premiership
Photo by Ian MacNicol/Getty Images

How much compensation did Celtic get for Ange Postecoglou?

Despite the Australian only being on a 12-month rolling contract at Paradise, The Scottish Sun have reported Celtic will bank a £5m fee for the manager, which is more than most would have expected.

Celtic managed to receive as much as £9m for Brendan Rodgers when he departed for Leicester City, but he was in the middle of a long-term lucrative contract. [Sky Sports]

The hierarchy at Celtic Park have clearly done a top job to wedge a big cheque out of Spurs and it could even be put to good use to help us pay our own compensation and bring in a manager who is already in a post elsewhere.

Four names have come to prominence with regard to the vacant position at Celtic Park over the last 24 hours – Enzo Maresca, Brendan Rodgers, Graham Potter and Kjetil Knutsen. All have been reported to be under consideration by the Scottish champions.

It’s unclear who the front-runner is, but it’s also been said that Man City are at least expecting an approach from the Bhoys to speak to their assistant manager Maresca.

In other news, Michael Nicholson and Peter Lawwell react as Ange Postecoglou officially leaves Celtic.

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