Oh don't

27 May 2005
Doncaster: Pay clauses hold off pressure

City's sound financial state puts them among the best placed of the 24 sides to mount a promotion challenge next season.

Doncaster said the policy of writing ?relegation pay cuts? of between 20-50pc into the contracts of all the players, coaching staff and senior managers at the club had played a big part.

07 October 2005
Promotion doubled players' wage bill
Norwich City's player wage bill virtually doubled during the club's brief stay in the Premiership, it was revealed yesterday.

The rewards for reaching the top flight for the first time in nine years were vividly illustrated in the club's annual statement of accounts for the period ending May 31, 2005.

With a number of new stars coming in, and the existing players getting bonuses and improved contracts, the Canaries forked out around ?12.8m in an attempt to cling on to their hard-earned top-flight status - up from ?6.4m the previous season.

That huge outlay goes some way towards explaining why the club's net debt increased to ?18.5m at a time when turnover shot up from ?13.9m to a staggering ?37.4m.

Posted By: Old Git on February 26th 2009 at 14:55:04


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