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Thierry Henry has returned to his boyhood club Monaco to become manager of the Ligue 1 side.
Former Arsenal and Barcelona star Henry, linked with the Aston Villa job, said he turned down a number of 'attractive offers' before deciding Monaco was the job for him.
"It is with great pride that I am delighted to announce that I have accepted the position to become the manager of AS Monaco FC," said Henry on his Instagram page.
"I was fortunate to receive some very attractive offers over the last few months but Monaco will always be close to my heart. Having started my footballing career with this great Club, it seems like fate that I will now begin my managerial career here too. I'm incredibly excited to be given this opportunity but now the hard work must begin. Can’t wait."
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Former Arsenal striker Thierry Henry has been named as an assistant to new Belgium coach Roberto Martinez.
Henry will be part of the backroom staff alongside Graeme Jones, who was Martinez's assistant at Swansea, Wigan and Everton.
The announcement was made as Martinez named his first senior squad since taking the Belgium job after Euro 2016.
It means the former French international will work with a growing list of Premier League stars including Eden Hazard, Romelu Lukaku and Christian Benteke.
Former Arsenal striker Thierry Henry has played down the significance of his recent departure from the club.
The 38-year-old will not coach Arsenal's Under-18 side having opted to continue in his role as a television pundit.
Henry, who is Arsenal's all-time leading goalscorer, had worked with the club's academy players last season as he studied to gain his UEFA 'A' Licence.
He is employed by Sky to help cover Premier League football, also appearing on the BBC's Euro 2016 output, but when he was offered a role within the Arsenal set-up by manager Arsene Wenger he was told he would have to step down as a pundit.
Much was made of Henry's decision to pursue his television career, but the former Juventus and Barcelona forward has since clarified his position.
"Nothing will change with my love for Arsenal," he told The Sun.
"First and foremost, I wasn't an employee. I was allowed to go and pass my badges there. This decision was taken months ago, but I guess it came out now because the new season started and I wasn't there.
"I have a current job. In my spare time, for free, I wanted to impart my knowledge and experiences in the game to the youngsters, while completing my coaching hours and also gaining knowledge to pass my pro licence.
"That is how it is, it was a dilemma that wasn't really a dilemma. I have to work. I respect the decision and if I can't complete my hours there, then I will do it somewhere else. It isn't an issue."
Wenger has a history of aiding his former players, with Steve Bould currently his assistant and Freddie Ljungberg working within the youth ranks.
Mikel Arteta, who retired at the end of last season, is also believed to have been offered a backroom role but decided instead to work under Pep Guardiola at Manchester City.
Former Arsenal skipper Tony Adams is understood to be poised to return to the Emirates Stadium on a permanent basis.
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Thierry Henry has continued taking steps towards a career in management by completing his UEFA A Licence.
The former Arsenal and France striker has posted a picture of himself being presented with the qualification on his Instagram account.
The A Licence means the 38-year-old can now manage in the professional game below Premier League level or at an Academy. To be able to take a job in the top flight or manage in UEFA competitions he must now go on to complete the Pro Licence.
Henry took the coaching course under the auspices of the Football Association of Wales, as he did for the B Licence last year.
Henry wrote: "Massive thank you to Osian Roberts #Osh, @welshfootballtrust and the Arsenal Academy for assisting me to pass my UEFA A Licence coaching badge. #proudday"