Premier league golden goodbye
Discussion
oxford drinker said:
It does seem an odd thing, but he has negotiated the tv deal up from £600m to £5.1bn, which gives all the clubs a £100m windfall every season irrespective of where they finish in the league. £250k as a thank-you present in this context is not very much.
So basically he's just done his job then. For a salary estimated to be £2.5M pa!I agree, but he has done it rather well. In my business, if someone gives you a job that, say, earns the company (not me) a £50k fee, you might spend a grand on taking them to corporate hospitality at the rugby or similar. And we do this too, or buy a gift for good clients when they retire or move on to thank them for their support. The PL just work on a bigger scale!
oxford drinker said:
It does seem an odd thing, but he has negotiated the tv deal up from £600m to £5.1bn, which gives all the clubs a £100m windfall every season irrespective of where they finish in the league. £250k as a thank-you present in this context is not very much.
I think he deserves it, mostly because he has kept the TV money that clubs receive the same for all Prem clubs despite pressure from the big clubs. Cardiff will receive the same as Man Utd. Look abroad as Barcelona/Madrid etc all negotiate their own TV deals, so Barca will receive hundreds of millions whilst Elbar may only receive 10m. I think the big clubs are going to change this current TV deal money as I think overseas rights will soon be split with a greater emphasis on the bigger Prem teams.I pay for Sky Sports and I will continue to pay for Sky Sports.
I get BT Sports currently free with my TV package but I wouldn't pay for BT sports on its own for Champs league and 1 Prem game a week.
Edited by Chuffedmonkey on Wednesday 14th November 19:38
5 million is 250K per club - is it being divided equally like that or is it a sliding scale like the money the clubs receive from the PL depending on where they are in the league? 250K would be pocket change to the likes of Chelsea and Man City but a more significant dent in the accounts for the likes of Bournemouth and Crystal Palace for example.
Puggit said:
He received millions in bonuses during his time. In fact, he received more bonus pay than salary.
And I still don’t see the problem. He has led the PL through unprecedented income growth and whilst he’s been well rewarded for it, his bonuses are still a fraction of the overall additional incomegraylag said:
Puggit said:
He received millions in bonuses during his time. In fact, he received more bonus pay than salary.
And I still don’t see the problem. He has led the PL through unprecedented income growth and whilst he’s been well rewarded for it, his bonuses are still a fraction of the overall additional incomeHowever, is this "golden goodbye" a performance related bonus to which he's contractually entitled or is it just an ex-gratia windfall? I suspect it's the latter in which case I'm not sure I really see the justificationt; he's already been very well rewarded for doing his job over the years and from what I understand he'll still be retained as a consultant even when he's no longer employed by the Premier League (for which he'll no doubt continue to be paid a not insignificant sum).
If he was being shown the door by the Premier League that would be a different matter entirely but from what I understand it was his decision to step down from his post as Chief Executive; therefore, unless this £5m was part of an agreement for him doing so I personally struggle to see the justification for it.
JNW1 said:
I don't see anything wrong with bonuses if they're paid under a clearly defined scheme which rewards performance; from the sounds of it Richard Scudamore has been receiving such bonuses in addition to his salary throughout his time with the Premier League and that's fine IMO.
However, is this "golden goodbye" a performance related bonus to which he's contractually entitled or is it just an ex-gratia windfall? I suspect it's the latter in which case I'm not sure I really see the justificationt; he's already been very well rewarded for doing his job over the years and from what I understand he'll still be retained as a consultant even when he's no longer employed by the Premier League (for which he'll no doubt continue to be paid a not insignificant sum).
If he was being shown the door by the Premier League that would be a different matter entirely but from what I understand it was his decision to step down from his post as Chief Executive; therefore, unless this £5m was part of an agreement for him doing so I personally struggle to see the justification for it.
A business, any business, especially one that’s privately owned can pay their staff how they please and when they please. They don’t answer to shareholders, other than the 20 teams in the PL and if they decide they’ll pay him then so be it. However, is this "golden goodbye" a performance related bonus to which he's contractually entitled or is it just an ex-gratia windfall? I suspect it's the latter in which case I'm not sure I really see the justificationt; he's already been very well rewarded for doing his job over the years and from what I understand he'll still be retained as a consultant even when he's no longer employed by the Premier League (for which he'll no doubt continue to be paid a not insignificant sum).
If he was being shown the door by the Premier League that would be a different matter entirely but from what I understand it was his decision to step down from his post as Chief Executive; therefore, unless this £5m was part of an agreement for him doing so I personally struggle to see the justification for it.
I’ve worked for a company where we had defined tiered quarterly bonuses based on financial performance and an undefined variable annual bonus which could be zero, but could equally be any amount and one year amounted to three times annual salary. People retire from roles and you’d be surprised how many receive a discretionary additional payment, particularly from family / privately owned businesses.
It's an absolute disgrace and anyone who thinks otherwise must have no interest in grass roots football. We're giving this bloke 5million pounds when our young children and teenagers struggle to find pitches or have to pay for the right to train or play on them. This money should be investe into grassroots football, but it never will be, just like the proposed Wembley sale, that was going to line someones pocket too.
Give it a few years and I'll probably be following a local non league team.
Give it a few years and I'll probably be following a local non league team.
desolate said:
It's almost as if the clubs don't give a f
k what their fans think.
This thread shows not all fans think the same. Personally, I don't think it's any of my business if 20 private companies who make up a larger collective organisation decide to give a parting bonus to the head of the collective.k what their fans think.As for "this money should be going into grass roots football", it's a bit like saying a hedge fund manager's bonus should be going into recruiting more economics teachers. Which no one ever said.
TwigtheWonderkid said:
This thread shows not all fans think the same. Personally, I don't think it's any of my business if 20 private companies who make up a larger collective organisation decide to give a parting bonus to the head of the collective.
As for "this money should be going into grass roots football", it's a bit like saying a hedge fund manager's bonus should be going into recruiting more economics teachers. Which no one ever said.
I suppose when they are charging the best part of 100 quid for a kit and 10s a month just to watch it on TV the odd 5 million quid doesn't really matter As for "this money should be going into grass roots football", it's a bit like saying a hedge fund manager's bonus should be going into recruiting more economics teachers. Which no one ever said.
fgraylag said:
A business, any business, especially one that’s privately owned can pay their staff how they please and when they please. They don’t answer to shareholders, other than the 20 teams in the PL and if they decide they’ll pay him then so be it.
Nobody has suggested the Premier League can't legally make the payment, the issue is whether it's justified. This chap has apparently earned the best part of £30m as Chief Executive and has gone on record as saying what he was doing was too much fun to be called a job. Therefore, personally I'm not clear why another £5m gift is appropriate when there's no contractual need or obligation to pay it; I'm sure he's done a good job but doesn't £30m reflect that? As you to say, ultimately it's a matter for the Premier League and their clubs but the nature of football in England means it's not quite like any other business and it's inevitable fans will have an opinion. I suspect most won't be terribly impressed but if they choose to do so I accept both the Premier League and Richard Scudamore can stick two fingers up at them; however, some of the latter's comments about football being used to promote greater equality and social cohesion may look a touch hollow if he takes the money.......
Gassing Station | Football | Top of Page | What's New | My Stuff