Former Liverpool chief executive Rick Parry received a £4.295million pay-off when he left last summer, according to club's accounts.
The sum was apparently negotiated with former chairman David Moores around the time current owners Tom Hicks and George Gillett entered the bidding to buy Liverpool back in 2007.
Under the terms of the deal, Parry received £4.238million in emoluments - the total remuneration for salary and bonuses - and a further £57,000 in company pension contributions.
It is understood to be one of the biggest pay-offs ever to a sports administrator, dwarfing the £1.2million Brian Barwick received when he left his post as Football Association chief executive in December 2008 and Keith Edelman's £1.5million deal from Arsenal in the same year.
Parry, who became Liverpool's chief executive in July 1998, announced he was quitting Liverpool in February last year after enduring difficulties in his relationships with both manager Rafael Benitez and Hicks, and eventually departed in the summer.