Roy no to a fortune.
The Blackburn owner bent his ear so much about leaving Inter Milan that Hodgson finally said 'yes' to an unexpected return to England - and in doing so he turned his back on a new bumper two-year deal that would have made him an instant double millionaire.
Now Hodgson is determined to cash in instead at Ewood Park and repay Walker's faith by restoring the former champions to greatness. Hodgson, who quits Inter in the summer, flew in to check out the Blackburn set- up over the weekend.
He looked over the impressive training facilities and after watching Burnley against Luton, Hodgson viewed potential pounds 400,000 luxury homes in the area.
Hodgson is anxious to get started at Ewood and says: "The appointment has excited me. If it hadn't have done I would have stayed put at Inter. I had the possibility of staying two further years.
"That wouldn't have been denied me. But it was the Blackburn chairman and Jack Walker who persuaded me it was time for me to return to England. They have a wonderful set-up at Inter but what is most important to me is peace of mind in your working environment.
"And after meeting Jack and the chairman I am confident that is exactly what I will have at Blackburn.
"I accepted their arguments because they were very convincing. If I wasn't enthusiastic about it I wouldn't be giving up a free weekend to fly to Blackburn."
Hodgson will slide into the hot seat vacated by caretaker Tony Parkes with high ambitions about next season.
He adds: "I am delighted with what's happened at the club since their early problems this season. It's very encouraging."