A statement released by PSG read - "In a respectful atmosphere, negotiations were completed on June 27th. An agreement, by common accord, preserves the interest of both parties. "As the club decides to head in a new direction for the management of the first team, it wishes to thank Laurent Blanc and exoresses its gratitude for the work accomplished over the last three years by Laurent and his staff".
"During his three years at the club, Laurent Blanc won 11 trophies, including two national quadruples, and left a significant mark on the great history of Paris Saint-Germain".
PSG chairman and CEO Nasser Al-Khalaifi said : "As we embark on a new chapter in the development of the club, I would like to thank Laurent Blanc for everything he has achieved over the last three years, both in terms of the playing style and results. I wish him the best for his future challenges".
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