After the appointment Ole Gunnar Solskjaer as the permanent manager at Manchester United Football Club, his former club Molde will get a total of £500,000.
Solskjaer was announced as the long-term successor to Jose Mourinho on Thursday, with the Norwegian signing a three-year contract.
Molde received part of the payment in December when they allowed the former United striker to take over at Old Trafford as the club’s caretaker manager.
The Norwegian side will now receive the second part of that payment, with Solskjaer keen to build a strong relationship between the clubs.
According to the club’s managing director, Oystein Neerland, he said, ‘the news is a positive development for his former club Molde,’
Neerland explained that an end to the speculation over Solskjaer’s departure allows Molde to focus on the new Eliteserien season in Norway, which begins on Saturday
Despite the news bringing Solskjaer’s successful tenure at Molde to a close for good, Neerland was pragmatic about the change.
“Of course, we are losing our manager of many years,” said Neerland. “Ole brought a lot of success to the club, but we also have a good team, together with Erling Moe as the new manager, so life goes on and we have to move and have focus on Molde football club for this season.
“The season starts on Sunday for us so we have to be prepared and we think we are.
“For us, it’s good to have a conclusion regarding the job as a permanent manager in Manchester United.
“We can quit the speculation over whether he gets the job or not, so for us, it’s a good day to have the conclusion.”
Solskjaer guided Molde to their first ever Norwegian title, defending it the following season and adding the Norwegian Cup to his CV in 2013.
After a short, but unsuccessful stint with Cardiff City, Solskjaer returned for a second spell, but should he bring silverware to Old Trafford, a third return to Molde would appear unlikely.
Molde will receive compensation from Man United, but Neerland refused to comment on the reported £8m the Norwegian club might receive.
Negotiations were quick, according to Neerland, and he said it was no surprise that United were keen to hold onto their former striker.
Solskjaer has won 14 of his 19 matches since taking the reins at United, helping to propel them back into the race for a top-four finish.
As well as improving the club’s league form, the 46-year-old masterminded a memorable comeback in the Champions League last-16 tie against PSG earlier this month, with United overturning a two-goal first-leg deficit to set up a quarter-final tie against Barcelona.