| Youth career | |||
|---|---|---|---|
| 1971–1973 | Vanløse | ||
| 1973–1974 | Brøndby | ||
| 1974–1980 | KB | ||
| Senior career* | |||
| Years | Team | Apps | (Gls) |
| 1981 | KB | 14 | (3) |
| 1982–1983 | Brøndby | 38 | (24) |
| 1983–1985 | Lazio | 60 | (9) |
| 1985–1989 | Juventus | 103 | (16) |
| 1989–1994 | Barcelona | 166 | (41) |
| 1994–1996 | Real Madrid | 62 | (12) |
| 1996–1997 | Vissel Kobe | 15 | (5) |
| 1997–1998 | Ajax | 21 | (11) |
| Total | 478 | (119) | |
| International career | |||
| 1982–1998 | Denmark | 104 | (37) |
| Managerial career | |||
| 2002–2006 | Brøndby | ||
| 2007–2008 | Getafe | ||
| 2008–2009 | Spartak Moscow | ||
| 2010–2011 | Mallorca | ||
| 2012–2014 | Swansea City | ||
| 2014–2015 | Lekhwiya | ||
| 2016–2018 | Al Rayyan | ||
| *Club domestic league appearances and goals | |||