• Kompany: ‘FC Bayern is an institution in international football’
• Compensation package of about £10m agreed with Burnley

Bayern Munich have appointed Vincent Kompany as their new head coach after agreeing a compensation package of about £10m with Burnley.

Kompany has signed a three-year contract with Bayern, who made a surprise move for him having failed to persuade Thomas Tuchel to remain at the end of the season. Xabi Alonso, their former coach Julian Nagelsmann and Austria’s coach Ralf Rangnick had turned down the post.

• Burnley in talks with Bayern over compensation
• German club have struggled to replace Thomas Tuchel

Bayern Munich are close to ending their protracted search for a new manager with the club set to give the job to Burnley’s Vincent Kompany.

Bayern have encountered frustration in their hunt for a replacement for Thomas Tuchel, who departed after ending the season without winning a trophy. The German’s exit was agreed in February but the club’s desperation even meant they tried to persuade the former Chelsea manager to stay.