Gareth Southgate nets £1 million from business set up days before THAT Euro ’96 penalty miss

GARETH Southgate has collected £1million from a business he set up days before his fateful penalty miss at Euro 96.

The payout comes as he is due to land a £1.5m deal as England boss tomorrow.

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Interim England manager Southgate, 46 — due to be named full-time boss — closed down Gareth Southgate Promotions.

He founded the company during the 96 tournament.

Two weeks later he missed his shoot-out penalty in the semi- final against Germany, sending England crashing out.

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Gareth, 46, cashed in by mocking his blunder in a Pizza Hut ad with Stuart Pearce and Chris Waddle, who missed penalties in the 1990 World Cup.

Southgate went on to carve out a career as a TV pundit and ­after-dinner speaker.

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Documents at Companies House show he owned 75 per cent of the promotions firm. After tax, he was left with £948,790.42.

A source said: “Gareth is extremely bright and has done as well away from football as he has in the game.”

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Last month it emerged Southgate is a director of two film schemes linked to tax avoidance.

There is no suggestion of wrongdoing on his part, but he could face a big bill.