Are we really that skint?

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Flatulent_Bob said:
How much do you reckon we were paying Slav when we were showing ambition? It was widely accepted he would need to be made one of the most expensive managers in the league. We then had to pay him off for the remainder of his contract.
I’d say £12m is a decent estimate about our manager expenditure over the past 3 seasons once you’ve paid Wilder and Slav off and then paid Hecky.
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They don’t pay remainder of contract they pay a season at the most
 



jt64 said:
Ah, you know the entirety of the clauses in standard manager's contracts then?
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No, do you? But I would assume if you aren’t performing then you can be sacked, with a shorter pay off. Surely it would be written into Slavs contract if it ain’t happening then you could find yourself sacked with a seasons wages or even less. I don’t know Slavs contract but the Prince isn’t silly when it comes to cash.
 
Phoenix said:
No, do you? But I would assume if you aren’t performing then you can be sacked, with a shorter pay off. Surely it would be written into Slavs contract if it ain’t happening then you could find yourself sacked with a seasons wages or even less. I don’t know Slavs contract but the Prince isn’t silly when it comes to cash.
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If you're not hitting certain required targets in your contract, then yes, the club can sack you, same as in any employment contract. It is impossible to think that such a clause could ever have been in play for either Slav or Wilder however, and as such it is not unreasonable to expect them to be paid out of their contract in full or I'll see you in court and cost the club more money
 
Hi Stegosaurus here,

And another one for the future, but I don't wanna wait as I'm proud of this one.

The skint Saudi Sheikh sold Sharp
 
I recken , he's got thirty bob and a free bus pass to spend, and how the bloody hell can anybody even guess how much till HRH sells the club ?.... 🥴
 
Phoenix said:
They don’t pay remainder of contract they pay a season at the most
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This isn’t true. Why would any manager agree for a single season payout if they’re being sacked? In fact why would anyone in any job agree to be paid less than their contract?
If you are terminating someone contract immediately without cause then you pay it out.
 
Isn't it commonly accepted that managers compensation when fired roughly only gets paid until they get another job, as if not there could be really weird situations whereby managers could be managing rival clubs but still being paid by their former club which would be a huge financial conflict. Similar to loan players not playing against their parent club. Therefore I don't think Wilder trousered as much as some think when he exited back door stylee
 
Phoenix said:
What does his other business interests make or is it one of these tingo companies that exist in a twighlight zone?
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Ok and first, welcome new member.....Read the multiple Blades Sold, Dozy posts start to finish which is like a multi book novel series and then we await your take on matters as to where we are in a takeover situation. I look forward, as most will on this forum to your reply.
 
Rudders said:
Isn't it commonly accepted that managers compensation when fired roughly only gets paid until they get another job, as if not there could be really weird situations whereby managers could be managing rival clubs but still being paid by their former club which would be a huge financial conflict. Similar to loan players not playing against their parent club. Therefore I don't think Wilder trousered as much as some think when he exited back door stylee
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Which is normally why some agreement is reached before you formally terminate their contract however the club is really over a barrel as you can’t prevent someone from taking a new role if you’ve sacked them, that would be illegal. Therefore payouts are very much in the employees favour. They are entitled to the full payment of that contract and the any move to limit their duties ie threatening to make them work only with the u23s would open themselves up to a constructive dismissal case.
With regards to the conflict of interests it wouldn’t occur, as if you sack someone then all payments owed should be made at that point. You can’t keep them on the books if you’ve shown them the door.
 
nickwr37 said:
Ok and first, welcome new member.....Read the multiple Blades Sold, Dozy posts start to finish which is like a multi book novel series and then we await your take on matters as to where we are in a takeover situation. I look forward, as most will on this forum to your reply.
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Thanks and for the record I think that it will be Saudis that take an 80% share and the Prince 50% as he always has a cunning stunt this geezer (McCabe will testify to that). I await criticism for I’m copying it from the press or someone else on this site but as I’ve not been around long then they can shut up and behave themselves.
 



Phoenix said:
Thanks and for the record I think that it will be Saudis that take an 80% share and the Prince 50% as he always has a cunning stunt this geezer (McCabe will testify to that). I await criticism for I’m copying it from the press or someone else on this site but as I’ve not been around long then they can shut up and behave themselves.
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Cheers 80%, 50% share doesn't work though. Good effort for replying though. Not ITK however.
 
When we went up under Warnock, McCabe handed him a "war chest" of £20mil which was for transfer fees, players wages and agents fees for any new signings. That was a pitiful amount back then and it was a miracle that Warnock found anyone half decent, let alone nearly keeping us up. Rob Hulse was an absolute steal when you look back on it. Move on 15 years and to give a manager that same amount to try to stay up on is baffling, madness and suicide. I get we've had money troubles recently, but some of the players signed were offset by the money we'd earn from two seasons in the top flight. Something isn't right at the Lane.

We were promoted last time with the 4th lowest wage bill in the Championship. Even after giving players pay rises and improved contracts, our wage bill was still the lowest in the Premier League, and arguably not even higher than teams still in the Championship.

We went up with relatively no debt. We spent money that we were due to earn by entering the top flight and staying up on fees for players. Players took pay cuts when we were relegated, which was covered by the parachute payments. When we failed to go back up it triggered further pay cuts in their contracts, which again was covered by the parachute payments. We got rid of a lot of the players that we signed when we went up, so they were off the wage bill too.

I get that we needed to pay off McCabe and improve the training ground, but we paid no fees for players over two seasons other than Anel.

Something isn't right at the Lane.

Something just doesn't add up here.

A newly promoted team only has £20mil for fees and wages for players signed with fees. You might as well pocket it and save it for next summer, as it will be cheaper to buy players for a promotion push than for a relegation fight.

The fact that we cannot compete anymore in the Premier League without a takeover by some billionaire sugar Daddy, shows how broken beyond repair the so called "Greatest Football League In The World" really is, and how it is run recklessly on arrogance and the smell of it's own farts.
 
Phoenix said:
Where did 4m a year for manager come from? Wilder would have been paid for the rest of that season as it was mutual agreement and I can’t see the Prince shelling out 4m. We also had a very good championship season before. Then we had two seasons in championship that we did well so must have got some cash for that. Brewster 80million is a large sum how did you work it out?
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Maths not your strong point then !
 
The way I perceive it is there is a pot of money of around £20m available for permanent transfer fees and loan fees. Not the wages for incoming players, which is ringfenced separately under a different pot of money. If true, it's not a king's ransom but it's enough to help make us competitive provided we recrruit well. We don't need to do a Forest, and truth be told I'm quite pleased that we have a limited pot of recruitment money as we will make that money 'sweat' more and we will try to ensure we try and get more bang for our buck. We can't be lazy with our recruitment like Forest were and I like that as I'm a Yorkshireman and I like to see value for money in purchases. We'll recruit well and be competitive. Bassett (different and simpler times) did just that and those times of backs to the wall fighting all the way were the best times to be a Blade. Loved em.

As for the finances, quite simply we are trying to live within our means. There is no monies being moved out if United to an individual. All incomings are accounted for and it's all there in the annual accounts. Difference between us and most of the PL is that we are relatively new to the PL party and we dont have a sugar Daddy like most other PL teams. Doesn't mean we can't be competitive though and I want the spirit of Bassett's Blades running through our blood next season. If we have that we will flourish as we will have too much heart for the vast majority of these mamby Pamby overpaid heartless footballers. To put it simply, I'm looking forward to it and I think we will be a surprise for some. We are under the radar and they won't see us coming.

C'mon Blades!
 
s20Blade said:
Around the blades social media community I keep seeing things like can we really afford Connor Coady, what keepers we can get for free and what maximum loans we can have. This will be our 3rd year in the Premier league in the past 5 years from when we first went up, a league where clubs can easily spend 100m+ just to be in a relegation battle.

Apart from Brewster and maybe Mcburnie we didn't waste that much and made a profit on ramsdale, weerz moneh gone.
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Awwwww. Bless
 
From the pig end said:
Keep Ndiaye and Anel.
O'brien £6m
Doyle £10m
Chukwuemeka on loan
Manning on a free
Some shit hot striker on loan.
£4m on LCB or Coady for a reshuffle.

Easeh.
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Are any of those players taking a signing on fee? Are we paying a loan fee for Chuk or the shit hot striker? If they are and they will be, you need to revise down your transfer spend significantly.
 
We don't even know who has been released or who has been offered a contract extended or owt. what we do know is that the prince has no dosh and wants to sell soon as possible. It looks like Dozy has failed the due diligence test. all this can't be good for Heckys plans. we are in limbo and have to hope Summat happens asap.
 
reedy63 said:
We don't even know who has been released or who has been offered a contract extended or owt. what we do know is that the prince has no dosh and wants to sell soon as possible. It looks like Dozy has failed the due diligence test. all this can't be good for Heckys plans. we are in limbo and have to hope Summat happens asap.
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Not sure why it's not good for Hecky's plans? He knows his budget under the Prince and will work ith what he's got. Unless things change then its business as usual and he knows what he has to play with. He would probably want more money but then don't we all!

From what I hear, Dozy hasn't failed the FL test. He has chosen not to complete yet and stump up the required money. If he had the money he could do it tomorrow if he wanted, but for some reason he hasn't yet. Leaves the door open for another would be owner.
 
Phoenix said:
No, do you? But I would assume if you aren’t performing then you can be sacked, with a shorter pay off. Surely it would be written into Slavs contract if it ain’t happening then you could find yourself sacked with a seasons wages or even less. I don’t know Slavs contract but the Prince isn’t silly when it comes to cash.
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At a bare minimum, Slav will have got paid off the same amount of years as Wilder had been paid.

I think we'll have paid Slav 2 years worth of salary.

3.4mill
 



Weasal. That b/s of course Dozy has failed the Efl test otherwise he would have taken over a while ago.
 
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