Live broadcast, August 11 according to the post, Newcastle’s new shareholders have not reached an agreement with the team on the bonus issue, this is because they demanded to cut about 40% of the bonus in the extra incentive measures originally set by the club.
With the acquisition of the Saudi domain name Fund in 2021and the improvement of its performance on the market, the bonuses that the club had to pay last season soared, so they took this action. Newcastle shareholders were forced to pay “generous” fees in order to respect the historic terms formulated by former shareholder Mike Ashley and encourage the team to achieve better results in the future.
In 2017, after the team had a dispute over the bonus issue, the club shareholder Mike Ashley stepped in. He promised that if the team won the FA Cup, he would provide the players with a bonus of 20 million pounds, and according to the team’s final season ranking, a “very rich” bonus will be proposed.
However, the Saudi domain name Fund took over the club in 2021. under the leadership of the reinforcement of the lineup and the head coach Eddie Hao, its performance soared. Therefore, the bonus of the club has been rising all the time. Moreover, now the expectations of the club are obviously higher than those of Mike Ashley’s era.
An insider explained: “There was an argument after they returned to the Premier League in 2017. Mike stepped in and solved this problem, he offered a bonus of about 20 million pounds to stimulate the team to hit the FA Cup, and very generously provided a generous bonus for the league ranking.”
“Although it ended the debate at that time, it brought a huge problem to the new shareholders, which affected them last year. Obviously, under the background of shareholder change, the current expectations are quite different, but the bonus system is still similar.”
“The club has asked the players to agree to cut the bonus by about 40%, because it will affect the amount that the club can spend according to financial regulations. However, the players do not intend to compromise. If no agreement is reached before the deadline, the club will have to restore the existing bonus system. If the team performs well, the club will pay more bonuses.”
At present, Newcastle refuses to comment. If the two sides do not reach a new agreement, they may face another “very expensive” season and may also lead to financial fair competition.
(Moon footprint)