SteveJonesLegend
Fans' Favourite
So a couple of questions from someone that reads, listens but is never 'in the know'... So anyone out there with legal, and finance knowledge... I'm all ears...
1) Relegation clauses... So my assumption is that everyone in our squad, at some time in the last 5 seasons has had a new contract (be that renewed, or is new), so since we were promoted. I also assume that having been a PL club (at the time) that these contracts were worked over by an above average firm of lawyers, specialising in sports (hopefully football) contracts... So how is it we are hearing that a large number of our players (some top earners) have no relegation clauses in their contracts? Paper talk? Bullpoo/ or extreme incompetence by our board? If the latter, I am astounded by the levels of tinpotness we continue to show...
2) Outstanding monies owed... I am going to assume the this figure of £80+m that we still owe for player purchases is because of most, if not all contracts being paid over instalments... Can someone tell me please, if this is £80+m that is needed to be paid now, or continued in instalments and is affordable do we think...? Should we be worried about this figure, seeing as all the talk is now of a fire-sale?
It's amazing that there was an air of content after Max's statements and having read some stuff in the last 24hrs, I'm beginning to think we're proper in the sh*t... ??
1) Relegation clauses... So my assumption is that everyone in our squad, at some time in the last 5 seasons has had a new contract (be that renewed, or is new), so since we were promoted. I also assume that having been a PL club (at the time) that these contracts were worked over by an above average firm of lawyers, specialising in sports (hopefully football) contracts... So how is it we are hearing that a large number of our players (some top earners) have no relegation clauses in their contracts? Paper talk? Bullpoo/ or extreme incompetence by our board? If the latter, I am astounded by the levels of tinpotness we continue to show...
2) Outstanding monies owed... I am going to assume the this figure of £80+m that we still owe for player purchases is because of most, if not all contracts being paid over instalments... Can someone tell me please, if this is £80+m that is needed to be paid now, or continued in instalments and is affordable do we think...? Should we be worried about this figure, seeing as all the talk is now of a fire-sale?
It's amazing that there was an air of content after Max's statements and having read some stuff in the last 24hrs, I'm beginning to think we're proper in the sh*t... ??