An ex player told me that nowadays the redundancy package is agreed at the same time as the actual managers contract is finalised. This would make sense. For example, if PB signed a 4 year contract then he would also be agreeing to a 1 year pay off. This having all their contract paid up is a myth. There are so many managers desperate for work that the chairmen now holds all the cards.
I suspect all of their contracts finish at the same time.
An ex player told me that nowadays the redundancy package is agreed at the same time as the actual managers contract is finalised. This would make sense. For example, if PB signed a 4 year contract then he would also be agreeing to a 1 year pay off. This having all their contract paid up is a myth. There are so many managers desperate for work that the chairmen now holds all the cards.
I suspect all of their contracts finish at the same time.
Maybe i'm being thick, but could you clarify your post for me please.
1. Are you suggesting Phil still gets a one year pay off? (although having just a few months left on his contract)
2. What do you mean by "all their contracts finish at the same time"?...do you mean Horton, Goughlan etc?
Whatever the payoff is....RM will make it take as long as possible to pay them out....It is his way with Ex employees.
Sincerely hope not. Brown and Coughlan deserve far better than that.
So did ex players and managers before Sturrock came in. Remember all the unpaid wages? Some are not settled to this day.
It took Tara Brady over 2 years to get his money back. Have no fear RM will do all he can to delay paying ....Maybe not a bad thing if he as other priorities like the tax man about...But that is how RM works.
Anyway lets be positive on here now.....New Dawn and all that.
Whatever the payoff is....RM will make it take as long as possible to pay them out....It is his way with Ex employees.
I don't see why Ron would want to delay the process any longer than needed. Surely the opposite in fact. I presume Gardening Leave is roughly the same in football as there are in other industries under government law. Ie: Ron is still paying Phil 100% of his wages to sit on he's arse watching daytime TV until a deal is reached.
Whatever the payoff is....RM will make it take as long as possible to pay them out....It is his way with Ex employees.
If you could delay a bill for say 4 months knowing where you stand then as atm everything is in upheaval within your company...I guess you might...............Ron works that way ..it is proven time after time...he pays when he actually has to.
If you could delay a bill for say 4 months knowing where you stand then as atm everything is in upheaval within your company...I guess you might...............Ron works that way ..it is proven time after time...he pays when he actually has to.
if I owe you a load of money and don't pay you for many many months you will pretty soon settle for a percentage of the total owed...
getting the full amount back paid in full will cost you loads and loads of legal fees.
not nice but effective -
Maybe i'm being thick, but could you clarify your post for me please.
1. Are you suggesting Phil still gets a one year pay off? (although having just a few months left on his contract)
2. What do you mean by "all their contracts finish at the same time"?...do you mean Horton, Goughlan etc?
If you could delay a bill for say 4 months knowing where you stand then as atm everything is in upheaval within your company...I guess you might...............Ron works that way ..it is proven time after time...he pays when he actually has to.
The maxim of business, get the money in as soon as you can, hang onto it for as long as you can.
no, once the contract enters its final year then it becomes a straightforward pay off. In this case 6 months. The first £30,000 of any severance pay is tax free. For no other reason than to encourage an early settlement. Assuming PB pays 40% tax then this automatically saves him £12000.
And yes, I did mean the others.