Julian Nagelsmann is now comfortably the most expensive coach in history after Bayern Munich paid RB Leipzig £21.7m to hire him as their new manager.
The capture of Nagelsmann blows the previous record fee for a manager, which has stood for 10 years, out of the water by an astonishing £8.5m.
The 33-year-old is widely seen as one of the most promising young managers in world football and was also attracting attention from Tottenham, who are currently searching for Jose Mourinho's permanent successor.
Nagelsmann, who made his name as an exciting, progressive coach at Hoffenheim and then Leipzig, will take over as Bayern boss on July 1 after Hansi Flick agreed to terminate his contract to quit for Germany.