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Liverpool Reaches Agreement to Compensate Swansea for Rodgers

May 31 (Bloomberg) -- Swansea reached an agreement with Liverpool on the compensation it will receive to allow the 18-time English champion to hire Brendan Rodgers as manager, the Welsh club said on its website.

Liverpool is set to appoint Rodgers as successor to Kenny Dalglish, who was fired May 16 after the team slumped to its worst league performance in 18 years. Calls to Liverpool weren’t answered outside business hours.

“We can today confirm that a compensation package with Liverpool has been agreed for manager Brendan Rodgers and three members of his backroom staff,” Swansea said on its website. “The Swans agreed to allow the backroom trio to join Brendan following discussions between himself and Chairman Huw Jenkins.”

Liverpool said it will hold a press conference at 10 a.m. tomorrow. The club, which has spent about 100 million pounds ($154 million) on new players since the start of 2011, was eighth in the Premier League last season, 37 points behind champion Manchester City. Swansea, promoted from the second tier last year, came 11th.

The Reds won the Carling Cup in February to secure their first trophy in six years and lost to Chelsea in the May 5 F.A. Cup final. While Dalglish guided Liverpool to those cup finals, the team lost 14 of its 38 league games.

A native of Northern Ireland, Rodgers, 39, was the youngest manager in England’s Championship when he joined Watford in November 2008 at 35. He’d worked under Jose Mourinho at Chelsea before leaving for the second-tier team.

Coached Watford, Reading

Rodgers, whose playing career was ended early by injury, ran Reading’s youth team for nine seasons before moving to Chelsea. He was the Blues’ youth-team manager for two seasons and then was promoted to oversee the reserve squad. After coaching Watford, he was at Reading before leading Swansea into the top league.

Liverpool has been trying to revamp its management after the disappointing season. Dalglish joined director of football Damien Comolli, head of sports science Peter Brukner and communications director Ian Cotton in leaving as Fenway Sports Group -- which also owns baseball’s Boston Red Sox -- restructures.

To contact the reporter on this story: Peter-Joseph Hegarty at phegarty@bloomberg.net

To contact the editor responsible for this story: Christopher Elser at at celser@bloomberg.net

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