Combining playing with managing is not a task which has been undertaken with regularity, especially in more recent times, indicating the size of the task facing the Belgian.
However, ahead of Kompany starting in his new position, Goal takes a look back at a few of the other high-profile football names who have tried to mix playing with coaching.
Kenny Dalglish | Liverpool
“King Kenny” became player manager at Liverpool in 1985, after former manager Joe Fagan resigned following the Heysel Stadium disaster.
Dalglish showed a knack for managing, guiding the Reds to a league and FA Cup double in his first season in charge, scoring the goal that secured the title for Liverpool in a 1-0 win over Chelsea on the last day of the season
The forward led Liverpool to the league title again just two seasons later, with his side only losing two out of 40 matches, before clinching a third league title in 1990.
The signings of Peter Beardsley and then John Aldridge, along with the return of Ian Rush, ensured Dalglish’s appearances were infrequent during the final seasons of his playing career.
From 1985 to 1990, when he played his last match, Dalglish only made 42 league appearances, scoring nine times in those games.
Ruud Gullit | Chelsea
The Dutch midfielder became player manager at Chelsea in the 1996-1997 season, following Glenn Hoddle leaving the club to take up the role of England manager.
The appointment was a success, and Gullit guided the Blues to FA Cup glory in 1997, and the following season was also going well, with Chelsea sitting in second in the league and in the quarter-finals of two cup competitions, until he was sacked following a breakdown in talks over a new contract.
Whilst serving as player manager, Gullit chose to play a reduced role on the pitch, only making 18 league appearances, scoring just once.
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Ryan Giggs | Manchester United
Giggs became the interim player-manager of Manchester United for the last four games of the 2013-14 season after Sir Alex Ferguson's replacement David Moyes was sacked following poor results.
Of those four games, Giggs’ side won two, lost one and drew one.
In his brief time as player-manager, the United legend made just one appearance as a substitute, in the Red Devils’ last home match of the Premier League season against Hull in what was the final game of his glittering playing career.
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Glenn Hoddle | Swindon Town & Chelsea
He saved the Robins from relegation, before guiding them to promotion to the Premier League in 1993. He made 67 league appearances, scoring two goals, for Swindon before resigning at the end of the 1992-93 season to join Chelsea as player-manager.
Hoddle guided Chelsea to the FA Cup final in his first season in charge and the UEFA Cup Winners’ Cup semi-final in his second season, but he made just 31 league appearances, as his playing career wound down.
Hoddle retired from playing at the end of the 1994-95 season, when he decided to focus on managing full time.
Gordon Strachan | Coventry City
Strachan joined Coventry in the latter stages of the 1994-1995 season as a player and assistant to then-manager Ron Atkinson.
The Scotsman was in the twilight of his playing career, but was still a crucial player for the Sky Blues, especially in the 1996-97 season, when Strachan was appointed player-manager following Atkinson departure.
The midfielder only made eight league appearances as player manager, in addition to outings in the FA Cup and League Cup as well.
Strachan hung up his boots once the 1996-1997 season was finished in order to solely focus on his managerial duties.
Gianluca Vialli | Chelsea
Following Ruud Gullit’s sacking in 1998, Vialli was appointed player-manager of Chelsea.
Vialli won the League Cup and European Cup Winners’ Cup in 1998 after his predecessor had guided the club to the semi-finals and quarter-finals of each competition respectively.
Chelsea went on to win the FA Cup in 2000 and the Charity Shield in the same year under the Italian, before he was dismissed following arguments with key players.
Whilst serving as player-manager, Vialli made 32 appearances in all competitions, and scored 14 goals, showing that, while he was playing slightly less to focus more on managing, he hadn’t lost his eye for goal.
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Graeme Souness | Rangers
The midfielder took advantage of English clubs not being able to participate in European competitions following the Heysel Stadium disaster, and brought in the likes of Terry Butcher and Chris Woods.
Whilst performing his player-manager duties, Souness made 50 league appearances, and scored three times. He also found a novel way of getting round touchline bans handed to him by the Scottish FA, by naming himself as a substitute.
Souness won three Scottish First Division titles, and four Scottish League Cups in his time at Ibrox.
Paul Ince | Macclesfield Town
Ince was brought to Macclesfield Town from Swindon Town in 2006 to replace Brian Horton, with the Silkmen at the bottom of League Two.
The central midfielder had been a player coach at Swindon, but only played two games for them before retiring, but stayed put at the club to complete his coaching badges.
While in charge of Macclesfield, Ince only made the one appearance, as he came off the bench in a 1-1 draw with Notts County.
By the time Ince became player manager at Macclesfield, his best playing days were well and truly behind him, and he only made 24 appearances in his last two seasons of playing football.
Romario | Vasco da Gama
As a player, Romario was one of the most lethal strikers of his generation. He was a crucial component of Johan Cruyff’s dream team at Barcelona, and won three Eredivisie titles at PSV Eindhoven, where he scored 165 goals in 167 games.
The same can’t be said for Romario’s brief managerial career though. The Brazilian was appointed player-manager of Vasco da Gama in October 2007, replacing Celso Roth.
The Brazilian’s time in charge didn’t last long, as he was sacked in February 2008.
In his short time in charge, the striker tested positive for a banned substance, scarring his reputation as a player. He also didn’t score a goal in the four-month period when he was player-manager.
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Dennis Wise | Millwall
After signing for Millwall in 2002, Wise was made player-manager in 2003 after Mark McGhee was sacked, with reports player power had a role in his removal.
The central midfielder was a very active player manager, making 50 appearances in all competitions, preferring to lead his men on the pitch, instead of from the sidelines, bucking the trend set by many other player-managers, who reduced their playing time.
Wise’s style of leadership worked well, and he was able to guide Millwall to the 2004 FA Cup final, and a spot in the 2004-2005 UEFA Cup, while also scoring six goals in his spell in charge.
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Vincent Kompany | Anderlecht
Kompany has no prior managerial experience, but has been coached by the likes of Pep Guardiola, Roberto Mancini and Manuel Pellegrini whilst at City, winning silverware under all three, so he has a catalogue of top managers to take ideas from.
The last few seasons have seen the Belgian's playing time reduced, with the City captain making just 74 appearances in all competitions as he battled with injuries.
Only time will tell if Kompany succeeds as a player-manager.