The Football Association have revealed Fabio Capello's decision to quit as England boss before Euro 2012 saved them money, with overall operating costs believed to have dropped £2 million by the time Roy Hodgson was appointed.
Capello quit in February last year with four months remaining on his contract -- reportedly worth £6 million-a-year -- and was handed a severance package.
Although the exact figures of Capello's wage and that of his successor Hodgson remain confidential, the FA's annual accounts detail a decrease in operating costs -- including the manager's salary -- from £8 million in 2011 to £6 million last year and FA general secretary Alex Horne confirmed Capello's swift action benefited the organisation.
"Roy earns less than Fabio did, but the deal with Fabio is confidential," Horne said. "We paid him a small amount of money as severance but it was less than we would have paid him if he had stayed working for the European Championships. Roy only started work just before the Euros so we saved money."
England's managerless period from February to May provided enough savings to account for the increased costs of competing at the Euro 2012 finals in Poland and Ukraine.
"Club England includes all the costs associated with running England's 24 teams including men's, women's, youth and disability sides," the FA's accounts said. "Total expenditure remained consistent with 2011 at £21million with savings in the men's senior team coaching staff offset by increased tournament costs from the UEFA Euro 2012 finals."