File of Laurent Blanc after his departure as Paris Saint-Germain manager was announced on Monday (27th June).

Paris Saint-Germain have parted company with manager Laurent Blanc.

PSG said talks led to an agreement, signed on Monday, that "preserves the interests" of both Blanc and the club.

The team said assistant coach Jean-Louis Gasset and physical trainer Philippe Lambert also are leaving.

In a statement on the club's website, he thanked Blanc for his service but said he was "opening a new chapter in the development of the club".

A former World Cup winner as a player with France, Blanc coached PSG for three French League-winning seasons but failed to lead them beyond the quarter-finals of the UEFA Champions League.

A cultured centre-half, he made 97 appearances for his country and also played for Barcelona, Inter Milan and Manchester United.